Flipkart, the Walmart-owned Indian eCommerce company, is ending its string of acquisitions and slowing its hiring as it deals with tough competition from Amazon and Reliance. In an interview published Saturday (Nov. 5), CEO Kalyan Krishnamurthy told The Financial Times that his company was moving...
Walmart’s digital storefront devoted to merchandise around Netflix shows — The Netflix Hub — now also has physical space in 2,400 of the retailer’s brick-and-mortar stores. At the in-store iteration of The Netflix Hub, which launched Thursday (Oct. 27), Walmart shoppers can buy a gift...
In an attempt to expand its eCommerce reach in India, Walmart is considering raising up to $3 billion for its eCommerce brand Flipkart, currently at a valuation of $40 billion. In news reported by Reuters on Tuesday (Oct 25), Walmart is looking to bring in...
Walmart announced Tuesday (Oct. 18) that it is launching a new content creation platform of digital tools so that influencers and other creative-minded types can make social media posts and also earn commissions on the products they sell. In announcing the Beta-version of the newly...
About a year after launching Walmart Luminate, a data monetization platform for merchants and suppliers, Walmart has announced that it will make additions to the subscription-based product suite and that it expects to launch a free basic package for suppliers in 2023. One data set...
Walmart has launched the Walmart Healthcare Research Institute (WHRI), a project the mammoth retailer said is designed to increase community access to healthcare research. “WHRI will be focused on innovative interventions and medications that can make a difference in underrepresented communities including older adults, rural...
Further refining its omnichannel fulfillment capabilities, Walmart has agreed to acquire robotics automation company Alert Innovation. Walmart has been working with Alert over the past five years to customize Alert’s material-handling technology for use in Walmart’s market fulfillment centers (MFCs), which are compact warehouses built...
Walmart is looking to make it easier for Indian companies to leverage its Walmart Marketplace to bring more products to shoppers ahead of the yearly holiday shopping season with a “Global Seller Summit” in Delhi recently, a company press release said. The summit was held...
Walmart is continuing its excursions into the metaverse with “Electric Fest,” a virtual event the retail giant said is inspired by “the world’s greatest music festivals.” Kicking off Friday (Oct. 7), the event comes on the heels of Walmart’s announcement last week that it had...
