Walmart plans to double its overseas gross merchandise volume to $200 billion in five years. “It is a pretty ambitious target,” said Judith McKenna, Walmart International’s CEO, whose comments were reported Friday (June 2) by Reuters. “The markets that we have today have plans to...
Walmart has opened its second Market Fulfillment Center (MFC) powered by a proprietary storage and retrieval system. The new MFC opened in Bentonville, Arkansas, on Monday (May 22) following a proof-of-concept that was launched in Salem, New Hampshire, in January 2020, Walmart said in a Monday press release. Both...
Walmart has won a rare eCommerce victory over Amazon thanks to its Indian business. As the Financial Times (FT) reported Saturday (May 20), Walmart’s $16 billion purchase of majority ownership of Indian online retailer Flipkart in 2018 was initially criticized, but Walmart has been vindicated. “Did Walmart overpay for...
No matter the economic climate, no matter where interest rates stand — everyone’s got to eat. For the online retailing and eCommerce behemoths, earnings season is showing just how important groceries, as a category, have become. That’s especially true for Walmart, which will report earnings Thursday morning (May...
Walmart of Mexico and Central America (Walmex) is reportedly looking to expand the capabilities of its digital wallet. The company said it expects to add transfers, withdrawals and remittances, possibly expanding to loans and other financial services further in the future, to the Cashi digital...
Walmart has reportedly sued Capital One to end a 4-year-old credit card partnership. According to published reports Friday (April 7), the retail giant accuses the bank of failing to live up to its customer care standards. The companies announced a partnership in 2018, though it...
Walmart is expanding its electric vehicle charging capabilities in a bid to promote EV ownership. “By 2030, we intend to build our own EV fast-charging network at thousands of Walmart and Sam’s Club locations coast to coast,” Vishal Kapadia, the retail giant’s senior vice president...
Walmart has launched products, services and content focused on pickleball. The retail giant has partnered with racquet sports booking platform Break the Love to create this bundled program centered on this recreational sport for “the everyday athlete,” Walmart said in a Tuesday (April 4) press...
Walmart has debuted a redesigned mobile app and homepage for walmart.com to inspire customers at a time when discretionary purchases are on the decline, in a bid to inspire more purchases with seasonality and social media appeal. Tom Ward, executive vice president and chief eCommerce...
