Walmart earnings, slated for Thursday morning (Nov. 16) before the market opens, will likely offer the latest variations on several themes: Consumers seeking value, especially with consumables and groceries; a shift to digital channels to get at least part of the shopping done, where the...
Walmart’s shares reportedly reached an all-time high Friday (Nov. 3), with investors betting on its ability to thrive during the holiday season. This peak, at $166.30, is the highest point since Walmart’s inception on the New York Stock Exchange in 1972, CNBC reported Friday (Nov. 3). One...
As the holiday shopping season approaches, Walmart has announced that it is will not hire additional staff to serve customers during this peak period. This comes as other major U.S. retailers, concerned about a potential slowdown in seasonal shopping, rising labor costs and economic uncertainties,...
Walmart is embracing emerging technologies to enhance the shopping experience for its customers. With the aim of making shopping more convenient, Walmart is leveraging artificial intelligence (AI) and augmented reality (AR), the retailer said in a Friday (Oct. 6) blog post. One of the latest experiments...
Walmart’s latest venture into the healthcare space involves four-legged patients. The retailer announced in a Thursday (Sept. 20) press release the launch of its first pet services center, based in Dallas, Georgia. “We know that pet services are essential for pet parents, but for many,...
Walmart is offering its customers a chance to use disposable cutlery and still go green. The retailer on Thursday (Sept. 14) announced the rollout of 100% compostable forks, knives and spoons, manufactured under its private label Great Value. “This innovation offers an alternative to single-use plastics, popular during...
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...
