Walmart’s grocery business is reportedly benefiting from the high price of fast food. The retailer’s chief financial officer, John David Rainey, told CNBC Thursday (May 16) that it’s “roughly 4.3 times more expensive” to buy a meal at a quick-service restaurant (QSR) than it is to purchase the...
Three years after its launch in the United States, Walmart Luminate, the retailer’s insights solution, is being rolled out worldwide. Walmart’s data analytics product suite will be expanded to Walmex in Mexico before being offered by Walmart Canada later this year, according to a Thursday (May 16) press...
Walmart is reportedly eliminating hundreds of corporate jobs and ending most remote work. That’s according to a report late Monday (May 13) by the Wall Street Journal (WSJ), citing sources familiar with the matter. One of the sources says that the retail giant — and...
Walmart is shutting down its health centers and telehealth offering, saying there is not a sustainable business model for these operations to continue. The company will close all 51 Walmart Health centers across five states and Walmart Health Virtual Care, Walmart said in a Tuesday (April 30) press release. “This...
In Walmart’s sprawling distribution centers, a quiet change is underway. The retail behemoth is preparing to deploy a fleet of 19 autonomous electric forklifts across four of its facilities, marking a significant step forward in integrating AI-powered robots into industrial settings. As these machines take on the repetitive and strenuous tasks...
Shoppers can now order tires from third-party sellers on Walmart Marketplace and schedule an appointment to have those tires installed at a Walmart Auto Care Center at the same time. The tires will be shipped to the customer’s local Walmart store for installation, Michael Mosser, vice president and...
A federal judge ruled Tuesday (March 26) that Walmart can end its credit card partnership with Capital One early because the bank did not provide the level of service required by the companies’ 2018 agreement. The judge ruled that “repeated customer service failures” allowed Walmart to end the partnership,...
Last Saturday (March 23), legendary fashion designer Diane Von Furstenberg made her exclusive collection of 200 clothing, baby and household items available for shoppers to buy at Target. DVF, who will celebrate the 50th anniversary of her iconic wrap dress this year, said her interest...
Walmart concluded its inaugural Walmart Growth Summit in India, an event designed to strengthen its partnerships and support India’s economic growth. The event saw the participation of export-ready suppliers, innovators and entrepreneurs from 24 states and union territories in India, the company said in a...
