Walmart is selling two of its online brands in a continuing goal to concentrate on its website. Bloomberg reported Thursday (Aug. 27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. CriticalPoint Capital, a Los Angeles merger and acquisition...
Walmart’s upcoming membership offering will provide inexpensive prices and quick deliveries to shoppers. The rollout of Walmart+, which is forecasted to compete with Amazon Prime, has been highly anticipated, CNBC reported. “There has been a lot of buzz recently about membership at Walmart,” CEO Doug...
Sean Slovenski, who led Walmart‘s healthcare initiative, will step down from his position, according to a report by The Wall Street Journal (WSJ). Slovenski serves as senior vice president and president of health and wellness for the retail giant. Walmart confirmed he is leaving, and...
Walmart will open up at least six more health clinics in the greater Atlanta area by the end of the year, according to CNBC. There are already four such clinics, with three in Georgia and one in Arkansas. But Walmart is looking to open more,...
Walmart is joining forces with resale startup ThredUp, according to a report in CNBC on Wednesday (May 27). Shoppers on the Walmart website can peruse thousands of pre-owned items for women and children and get free shipping from Walmart with a minimum order of $35...
With features such as free cash deposits and a high-yield savings account, Walmart and Green Dot unveiled updated benefits for the Walmart MoneyCard Reloadable Debit Card program. The Walmart MoneyCard will now offer accountholders a 2 percent annual percentage yield on money saved with a connected...
Panic buying at supermarkets peaked in mid-March as the pandemic turned shoppers into hoarders emptying shelves of toilet paper, disinfectant wipes and paper towels. But Walmart, which gets more than half its U.S. revenue from grocery sales, didn’t benefit much from the early buying as...
Walmart is hoping customers will sign up for its Walmart MoneyCard to create a direct deposit account to access the government stimulus payments being sent out this week, touting waived fees and quick access, according to an emailed press release. The retail giant said the...
Walmart‘s coronavirus response will include waiving rent for the more than 10,000 businesses that operate from within the walls of Walmart Supercenters and Sam’s Clubs, according to CNBC. The virus, which swept across the U.S. in the past two weeks, has forced businesses to close...
