From big box retailer to payments provider — from consumer-focused behemoth to financial services juggernaut? Perhaps. Walmart announced Monday (Jan. 11) in a press release that it is creating a FinTech startup. The details thus far are sparse. The name of the company is not...
Another day, another move to capture consumer spend as the holiday shopping season enters into its second half in 2020. This time around it’s an announcement of a new perk for Walmart’s subscription membership offering, Walmart+. Now the company will offer free shipping on orders of any...
Automated delivery via driverless cars may be just around the corner for a few Walmart customers early next year in the Scottsdale area. Walmart said in a Tuesday (Nov. 10) announcement that it will be teaming up with Cruise, an autonomous electric vehicle venture controlled...
Walmart is leaving Argentina, announcing a deal to sell its stores there to a regional grocery chain amid an economic crisis that is gripping the South American country. Walmart, the world’s largest brick-and-mortar retailer, announced Friday (Nov. 6) it would sell its retail operations in...
Microbusinesses and small- to medium-sized businesses (SMBs) based in India can take advantage of new educational opportunities from Walmart, the company said in an annoucement Tuesday (Oct. 27). The Walmart Vriddhi Supplier Development Program offers online training and personalized mentoring for entrepreneurs. Participants also have...
Walmart India’s eCommerce firm Flipkart is investing $204 million (₹1,500 crore) for a 7.8 percent stake in Aditya Birla Fashion and Retail Limited (ABFRL), the company said in a statement on Friday (Oct. 23). “This partnership is an emphatic endorsement of the growth potential of...
Walmart‘s partnership with insurance startup Clover Health to aid Georgia seniors marks the retail giant’s foray into privately-managed Medicare Advantage plans, Bloomberg reported. Under the plans, seniors will have access to new Walmart Health centers around the Atlanta area, which will use Clover’s technology to...
Stock for retail giant Walmart got a $24 billion boost upon the store’s announcement of a subscription membership service, Walmart+, CNBC reported. On Tuesday (Sept. 1), Walmart stocks closed 6 percent higher and, earlier in the day, had reached a 52-week high of $418 billion....
Walmart Inc. has accelerated its rivalry with Amazon.com Inc. as it introduces a subscription that offers free delivery, no lines and discounts on fuel. On Tuesday (Sept.1), the Bentonville, Arkansas-based retailer will unveil Walmart+, a membership program to rival Amazon Prime. “Customers know they can trust...
