pymnts Profile:
Walmart (NYSE: WMT)
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969.
Consumers Switch to Cheaper Retailers but Hesitant to Leave Grocers
April 17, 2024Shoppers who are willing to leave their favorite retailers in search for better prices are hesitant to make the same kinds of changes when it comes to grocery shopping, PYMNTS ...Read moreTired of Cutbacks, Shoppers Demand Affordable Luxuries From Mass-Market Retailers
April 17, 2024After years of being conservative in their spending in response to ongoing economic challenges, shoppers are looking for ways that they can feel more indulgent without breaking the bank, demanding ...Read moreAmazon Licenses Just Walk Out Tech in Battle for Grocery Stores’ Loyalty
April 17, 2024Amazon is pushing sales of its Just Walk Out technology even as it pulls back on the checkout system in its own grocery stores, a move that comes as tech ...Read moreWalmart to Offer Suppliers Combination of Insights and Retail Media
April 17, 2024Walmart will launch a new service that allows suppliers to combine insights from its data monetization platform with its closed-loop, omnichannel retail media solutions. This combination of Walmart Luminate insights and the Walmart Connect retail media ...Read morePossible Funding Thaw May Bring New Life to FinTech IPO Index
April 17, 2024Call it the thaw after the FinTech funding winter. Maybe. And for the FinTech IPO Index, there may be some reason for cheer — perhaps this year. Because if private capital is sanguine ...Read moreLVMH Sees Aspirational Consumers Pulling Back on Luxury Amid Inflation
April 16, 2024With the moderately well-off shopper spending differently than the high-earner, luxury brands are seeing aspirational shoppers forced to give up their favorite indulgences. On a call with analysts Tuesday (April 16) ...Read moreConsumers Say Amazon’s Big Spring Sale Was Stronger Than Walmart+ Week
April 16, 2024Last month, Amazon introduced its first-ever Annual Big Spring Sale. Whereas Amazon’s Prime Days events are designed to woo Amazon subscribers into filling their shopping carts with merchandise, the Big ...Read moreIbotta Increases IPO Goal to $551 Million
April 16, 2024Cash-back rewards platform Ibotta has upped the size of its planned public listing. Last week, the Walmart-backed company said it aimed to raise $472 million through an initial public offering (IPO). On Tuesday (April 16), the company ...Read moreHermes Enlists Top Legal Team to Combat Birkin Bag Lawsuit
April 15, 2024In a bid to fend off allegations of antitrust violations, luxury fashion house Hermes has enlisted a legal team led by seasoned antitrust lawyers. The move comes as the company ...Read morePersonalized Emails Are Key to Winning Persuadable Shoppers’ Loyalty
April 12, 2024When it comes to winning the loyalty of shoppers who can be persuaded by personalized offers, PYMNTS Intelligence research reveals, email proves to be a key tool for merchants. By the ...Read more
Uber Eats and Waymo Roll Out Autonomous Delivery in Phoenix
April 3, 2024Uber is expanding its Phoenix-based partnership with autonomous vehicle company Waymo. The company announced Wednesday (April 3) that it is now offering Uber Eats deliveries in the Arizona capital via Waymo vehicles. “Starting today in Phoenix, ...Read moreContinental and Aurora Finalize Autonomous Trucking System Design
January 5, 2024Mobility technology firm Continental and self-driving technology company Aurora Innovation have finalized the design of a scalable autonomous trucking system and plan to start production in 2027. Finalizing the design and ...Read moreWaymo Via, Uber Freight Sign Partnership on Self-Driving Trucks
June 7, 2022Waymo Via, Alphabet’s self-driving trucking unit, has signed a deal with Uber’s Freight business to help future customers deploy autonomous trucks more easily, Reuters wrote Tuesday (June 7). The partnership could ...Read moreSelf-Driving Truck Hauls 40K Pounds Of Butter Across US
December 30, 2019Silicon Valley startup Plus.ai is thought to be the first company to deploy a self-driving commercial truck to haul 40,000 pounds of butter roughly 42 hours cross-country from Tulare, California ...Read moreWaymo Returns Its Self-Driving Trucks To Arizona
May 30, 2019Waymo‘s self-driving trucks are making a return to Arizona. The company’s self-driving, Class 8, big-rig trucks haven’t been in the state for more than a year, though they were first tested ...Read moreDriverless Trucks Hog the Highway to an Autonomous Vehicle Future
October 2, 2018Driverless cars are indeed coming to roads soon enough — the U.K.’s transport secretary, in fact, recently predicted that those vehicles would appear there within four years. Even so, it might ...Read moreEx-Uber, Otto Exec’s Autonomous Truck Startup Snags $40M
August 8, 2018Kodiak Robotics, a self-driving vehicle startup, announced that it raised $40 million in Series A funding, led by global investment firm Battery Ventures. CRV, Lightspeed Venture Partners and Tusk Ventures ...Read moreDaimler Unveils eMobility Unit For Trucks And Buses
June 6, 2018Combining its efforts from five divisions, Daimler Trucks is rolling out an eMobility unit. The idea behind the unit is to speed up the creation of battery-powered engines for use ...Read morePatent Applications Offer A Peek Into Walmart’s Possible Techy Future
June 1, 2018And the award for “techiest” retailer goes to … Walmart? The big-box retailer recently published a number of patent filings that would certainly make it a contender for “Most Futuristic Shopping ...Read moreUber Goes Autonomous For Uber Freight
March 7, 2018Uber Freight is finally launching its autonomous truck deliveries, with the first hauls driven in tandem with both human drivers and self-driving trucks being completed in Arizona. According to TechCrunch, Uber ...Read more
Mobile Robots and AI Help Modernize, Streamline Warehouse Workflows
April 9, 2024The rise of artificial intelligence (AI) holds the promise to fully digitize all manner of verticals, all manner of workflows … … and in the age of eCommerce, advanced technology in ...Read moreMIT Engineers Aim to Advance Household Robots With AI Integration
April 8, 2024Thanks to advancements in artificial intelligence, household robots are getting smarter and could soon evolve far beyond their current roles as mostly self-guided vacuum cleaners. MIT engineers are working on a method that ...Read moreReport: Apple Considering Robots as New Opportunity for Growth
April 3, 2024Apple is reportedly considering entering the personal robotics market. The company is exploring projects in this field as it looks for new opportunities for growth after ending its electric vehicle project, Bloomberg reported Wednesday ...Read moreThis Week in AI: Human-Like Reasoning, Robots and Open Source
March 22, 2024This week in artificial intelligence (AI) news, a new technique, “Quiet-STaR,” teaches AI to think and chat more like humans by considering various ideas before answering, improving how we interact ...Read moreNvidia Unveils AI-Powered Humanoid Robot Project
March 21, 2024Nvidia is entering the humanoid robotics field with its new foundation model, Project GR00T. The company announced the artificial intelligence (AI) system at its developer conference this week, saying that it is versatile enough ...Read moreNvidia Launches Latest AI Chips and Software at Developer Conference
March 19, 2024Nvidia is rolling out a new series of artificial intelligence (AI) products at its annual developer conference in San Jose, California, as it strives to strengthen its reputation as the ...Read moreOpenAI-Backed Physical Intelligence Aims to Develop AI for Robots
March 12, 2024A new company called Physical Intelligence has announced its launch, saying it aims to develop artificial intelligence (AI) to power “the robots of today and the physically actuated devices of the future.” “Together ...Read moreAI and Robotics Power Auto Sector’s Smart Manufacturing Drive
March 12, 2024Traditional manufacturing processes often suffer from inefficiencies, delays and limited visibility into operations. However, with the integration of artificial intelligence (AI) tools, Internet of Things (IoT) devices and cloud solutions, the ...Read moreTraining Robots Using Video Games Could Democratize Warehouse Automation
March 11, 2024Human-like robots occupy a particular niche in the American, as well as the global, psyche. After all, from comic books to Hollywood scripts, robots — both friend and foe — have ...Read moreAmazon Tests ‘Down-to-Earth’ Robotics Amid $1.6 Billion Boom
March 4, 2024Amazon said last week that its Innovation Fund is ramping up its investment in robotics. And as a report Monday (March 4) by Bloomberg News notes, the company already has robots working ...Read more
JCPenney Launches Rewards and Credit Program
April 17, 2024JCPenney has debuted its Rewards and Credit Program, a free loyalty program for customers. “Last year, JCPenney announced a $1 billion reinvestment plan to further improve customer experience and operational efficiencies,” ...Read moreConsumers Switch to Cheaper Retailers but Hesitant to Leave Grocers
April 17, 2024Shoppers who are willing to leave their favorite retailers in search for better prices are hesitant to make the same kinds of changes when it comes to grocery shopping, PYMNTS ...Read moreRecurly Adds New Dashboards to Subscription Management Platform
April 17, 2024Subscription management firm Recurly has added new dashboard reports to its platform. The reports have built-in benchmarks based on trends of more than 60 million subscribers on Recurly. They bring benchmarking data and ...Read moreTired of Cutbacks, Shoppers Demand Affordable Luxuries From Mass-Market Retailers
April 17, 2024After years of being conservative in their spending in response to ongoing economic challenges, shoppers are looking for ways that they can feel more indulgent without breaking the bank, demanding ...Read moreAmazon Licenses Just Walk Out Tech in Battle for Grocery Stores’ Loyalty
April 17, 2024Amazon is pushing sales of its Just Walk Out technology even as it pulls back on the checkout system in its own grocery stores, a move that comes as tech ...Read moreWalmart to Offer Suppliers Combination of Insights and Retail Media
April 17, 2024Walmart will launch a new service that allows suppliers to combine insights from its data monetization platform with its closed-loop, omnichannel retail media solutions. This combination of Walmart Luminate insights and the Walmart Connect retail media ...Read moreMisfits Market Teams With Gopuff as Shoppers Demand Instant eGrocery
April 17, 2024Online shoppers want options for a wider range of grocery occasions, not just their weekly haul, Misfits Market CEO Abhi Ramesh said. The online grocer on Wednesday (April 17) announced a ...Read moreAmazon Live Launches Shoppable Channel Integrating TVs and Mobile Devices
April 16, 2024Amazon Live has launched an interactive and shoppable channel called FAST Channel on Prime Video and Amazon Freevee. This channel will feature Amazon’s “shop the show” technology that allows customers to use their mobile device ...Read moreLVMH Sees Aspirational Consumers Pulling Back on Luxury Amid Inflation
April 16, 2024With the moderately well-off shopper spending differently than the high-earner, luxury brands are seeing aspirational shoppers forced to give up their favorite indulgences. On a call with analysts Tuesday (April 16) ...Read moreShoppers Strain Under Burden of Ongoing CPG Price Hikes
April 16, 2024As leading consumer-packaged goods (CPG) brands continue to raise their prices slowly but persistently, shoppers who are on the fence are looking for more affordable options. According to a Reuters report ...Read more
New Data: 95 Pct. Of Consumers Don’t Use Mobile Wallets For In-Store Purchases
April 6, 2020Among its many profound impacts, the COVID-19 pandemic has dramatically altered how consumers shop. Even before large-scale stay-at-home policies went into effect, most consumers sought to limit direct contact with ...Read moreREPORT: What Apple Pay At Five Says About The Future Of Mobile POS Payments
October 21, 2019Apple Pay went live five years ago yesterday, on Oct. 20, 2014. When Tim Cook took the stage a month beforehand to announce this mobile payments innovation, he shared Apple’s vision ...Read moreCuring Medicine’s Epidemic Of Noncompliance
March 22, 2018The New York Times wrote in April 2017 that the U.S. was in the throes of an epidemic for which there was not only a cure, but one that would ...Read moreMobile Wallets: Where’s The S-Curve?
February 26, 2018The classic product lifecycle that all of us had drilled into our heads in business school tells us that at the three-year mark for any new product, it’s top of ...Read moreWhat Payments Innovators Can Learn From Monkeys
January 15, 2018About 30 days from now, most of you reading this who made a New Year’s resolution will have broken it. Don’t feel too bad – you won’t be alone. By the middle ...Read moreMotivating Mobile In 2018
January 4, 2018Another year, another chance for mobile wallet players to convince consumers to give up their plastic cards and utilize the phone as a payments form factor. It hasn’t been easy. Despite ...Read moreMobile Payments 2.0: Building Better Retail Experiences
December 28, 2017Payments has by and large been a growth business for the last half decade or so, and that fact has been mappable in scores of innovations around the world. But, as ...Read moreTarget: Another Day, A New “Pay” Joins The Party
December 7, 2017For a minute, it seemed as though the proliferation of “Pays” was slowing down. Until recently, there was a tidal wave of Pays out to conquer digital with the power of mobile payments. Apple Pay, ...Read moreWhat Walmart’s Resurgence Means For Retail And The “Pays”
November 20, 2017Accomplished public intellectual and post-Keynesian economist John Kenneth Galbraith was well-known for four things. He didn’t think much of math and science — rather unusual given his choice of a profession that ...Read moreWhy Walmart Pay Is Leaving Apple Pay In The Dust
November 7, 2017Though Walmart’s mobile wallet, Walmart Pay, has not quite gotten the same level of coverage as its rivals in the field, particularly Apple Pay, it seems possible the QR code-based ...Read more