Walmart plans to cut 1,500 corporate jobs in its technology, eCommerce fulfillment and advertising operations, The Wall Street Journal reported Thursday (May 21), citing unnamed sources. Reached by PYMNTS, a Walmart spokesperson declined to comment on the report. In an internal memo seen by PYMNTS,...
The Consumer Financial Protection Bureau (CFPB) reportedly dropped a lawsuit against Walmart and Branch that it filed in December. The agency filed a notice of dismissal Tuesday (May 13), Bloomberg reported Tuesday. The CFPB sued Walmart and Branch on Dec. 23, alleging that the retailer and...
Walmart is “re-imagining the in-store shopping experience” as it implements its plan to remodel more than 650 stores this year. The retailer announced its plans in press releases sent out this week to cities in which it will do the store remodels. The updates being...
Walmart plans to be able to deliver to 95% of Americans within three hours by the end of the year, President and CEO Doug McMillon wrote in his annual letter to shareholders released Thursday (April 24) in conjunction with the retailer’s annual report. This delivery capability will be enabled by...
Walmart is pulling its first-quarter operating income outlook due in part to tariff-related concerns. “The range of outcomes for Q1 operating income growth has widened due to less favorable category mix, higher casualty claims expense and the desire to maintain flexibility to invest in price...
Walmart is reportedly pushing suppliers in China to reduce prices to mitigate new tariffs. The effort, the subject of a Bloomberg News report late Monday (April 1), is happening despite a recent summit between Walmart executives and the Chinese government to discuss the issue, and...
Walmart is reportedly expanding metaverse efforts by teaming with virtual gaming world Minecraft. The retail giant is now running a limited-time interactive gaming experience dubbed “Skyward” on a Minecraft Java server, Chain Store Age reported Friday (March 21). According to the report, Skyward lets players...
Walmart said Wednesday (March 19) that it will open or remodel more than 45 fuel stations this year. By the end of the year, the retailer will have more than 450 Walmart Fuel and Convenience stations operating across 34 states, according to an email sent...
Walmart has developed a generative artificial intelligence (AI)-powered assistant to help its merchants source items for its shelves and its online store. Dubbed “Wally,” the AI assistant generates insights from complex datasets, diagnoses why products are under- or overperforming, answers operational questions, raises tickets for...
