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...
Federal regulators have offered new details in a legal action involving Walmart’s money-transfer operations. The Federal Trade Commission (FTC) announced Friday (June 30) that it had amended its year-old complaint against the retail giant, which involves the company’s alleged violation of federal telemarketing sales rules. “According to the amended complaint, Walmart for...
Could Walmart’s Indian eCommerce and payments operations become $100 billion businesses? The retailer’s chief financial officer seems to think so, Reuters reported Wednesday (June 14). The businesses in question — eCommerce platform Flipkart and payments provider PhonePe — have been cited by executives as playing...
The megaretailer’s new price labeling system has some consumers crying foul, but many more customers seem unfazed. Walmart has recently been making waves on social media over its incremental introduction of an in-store digital price tag system, replacing the traditional printed versions. The search term “Walmart...
