As food-at-home inflation eases, Walmart, the world’s largest grocer, predicts that consumer spending is going to shift away from the category toward general merchandise. In a fireside chat Tuesday (Sept. 12) for the 2023 Goldman Sachs Global Consumer Conference, the mega-retailer’s president and CEO Doug McMillon noted...
Walmart has reportedly renewed its commitment to Africa by increasing its online efforts at South African retailer Massmart. Walmart initially acquired a controlling stake in Massmart over a decade ago, to capitalize on Africa’s rapidly growing consumer market, The Wall Street Journal (WSJ) reported Monday...
Walmart has reportedly begun paying some new store workers less than it would have three months ago. This change to the wage structure for hourly workers at the largest private employer in the United States signals a trend among employers to reduce labor costs as the once-hot labor...
Walmart has announced major leadership changes within the company, with Judith McKenna, the president and CEO of Walmart International, set to retire after 27 years with the retailer. Effective Sept. 11, Kath McLay will take over as the president and CEO of Walmart International, while Chris Nicholas will assume...
Walmart has teamed with Exxon-Mobil to give Labor Day travelers some relief at the pump. The retailer announced Tuesday that Walmart+ members can receive double the discount they normally receive at Exxon and Mobil stations — from 10 cents off every gallon to 20 cents off — between now...
In the bid to build a financial services ecosystem, and a super app that marries commerce and banking, there’s a 800-pound gorilla in the space that bears watching. Though Walmart’s previous and ongoing efforts to branch out into banking have not yet borne the fruit...
Walmart has reportedly paid $1.4 billion for a larger stake in Indian eCommerce firm Flipkart. The retailer made that purchase in recent days from investment management group Tiger Global, Bloomberg News reported Monday (July 31), citing a letter to investors. That letter values Flipkart at...
At the facility that is becoming Walmart’s first warehouse to handle most products with automation, workers are getting a view of how their jobs will change. Part of the building has been automated while the other part remains manual until the conversion is completed by the end of...
Walmart stock climbed to a 52-week high Monday (July 3) due in part to the company’s tech investments. Analysts have said that the investments the retail giant made in tech during the pandemic are starting to pay off and are expected to continue doing so, Seeking Alpha reported Monday...
