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.
Walmart Grows eCommerce By 43 Pct In Q4
February 20, 2019
Things have warmed up for Walmart over the winter.
The retail landscape had been littered with disappointing earnings reports, worries over the impact of a cross-border trade war between China and ... Read moreAmazon Private-Label Partnerships Top Private-Label Brands
February 19, 2019
The eCommerce giant Amazon’s efforts to create its own private-label offerings in different product categories appears to be on the rise, with the company reportedly recruiting partners in its Amazon ... Read moreMexico Sets Its Sights On FinTech Firms To End Poverty
February 19, 2019
Mexico’s new government, led by President Andres Manuel Lopez Obrador, is setting its sights on financial technology to get the country out of poverty.
According to a report from Reuters, the Mexican ... Read moreWalmart US eCommerce Sales Surge 43 Pct
February 19, 2019
Retail giant Walmart posted fiscal 2019 fourth quarter results that topped expectations amid strong holiday spending and U.S. eCommerce sales that logged 43 percent growth year over year.
Headline numbers show ... Read morePatriot Software Eases Direct Deposit Payroll Onboarding Friction
February 19, 2019
Payroll and accounting software company Patriot Software is addressing the friction of onboarding employees to receive wages via direct deposit. In an announcement on Monday (Feb. 18), Patriot Software said it ... Read moreThe State Of FI Innovation: Moving In Reverse
February 19, 2019
Those who work in and around high tech and innovation are lulled into a narrative about progress being on a march ever forward, rarely slowing, never stopping and certainly never ... Read moreWalmart’s Earnings Will Reveal How Well Its War With Amazon Is Playing Out
February 18, 2019
Everyone knows the old joke about Whole Foods — the grocery store so expensive that it might as well be called “Whole Paycheck.” Whole Foods always maintained that nickname was ... Read moreJet, Fulton Fish Market Team For Seafood Delivery
February 18, 2019
In an effort to deliver sustainable and fresh seafood to customers in New York City, Jet.com and Fulton Fish Market are teaming up for Jet’s City Grocery experience. The offering ... Read moreWalmart To Provide Glimpse Into How It Fared With Amazon
February 18, 2019
Walmart will provide an update as to how the retailer did against Amazon during the holiday shopping season when it reports fourth-quarter results.
And while the retailer is expected to show ... Read moreAmazon HQ2, JPM Coin And The Weird, Wild Week Of Payments’ Left Turns
February 16, 2019
There is no such thing as a boring week in payments, of course. Every seven-day period is good for at least one unexpected twist. But this week wasn’t good for just one big ... Read more
Driverless Trucks Hog the Highway to an Autonomous Vehicle Future
October 2, 2018
Driverless 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, 2018
Kodiak 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, 2018
Combining 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, 2018
And 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, 2018
Uber 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 moreLarry Page Can Be Deposed In Uber Suit, Court Rules
July 11, 2017
Larry Page, the chief executive of Alphabet and co-founder of Google, has to answer questions by ridesharing app company Uber in its lawsuit over self-driving car trade secrets.
According to ... Read moreSelf-Driving Car Company Waymo Sues Autonomous Truck Startup Otto and Parent Uber
February 27, 2017
Waymo, the former self-driving vehicle unit of Google, is reportedly suing self-driving truck company Otto, which was co-founded by ex-Waymo worker Anthony Levandowski, over allegations Otto stole its proprietary design ... Read more
Nuro Raises $940M From SoftBank For Robotic Delivery
February 11, 2019
Nuro, the robotics company operating in the commerce market, announced on Monday (Feb. 11) that it has raised $940 million in financing from the SoftBank Vision Fund.
In a press release, ... Read moreRobots Tasked With Restocking Retailers’ Shelves
January 28, 2019
Retailers have been testing out shelf-scanning robots to find out if they can handle restocking a store’s inventory when needed.
“We’re giving them a real-time, actual image of their product layout ... Read moreWarehouse Robots Pave The Way For More AI Logistics
January 17, 2019
Robots have taken their place inside eCommerce and other commerce-related warehouses, and will in the coming years take even larger roles in fulfillment, according to estimates. Hot on their trail ... Read moreAhold Delhaize Rolls Out 500 Robots In US Stores
January 15, 2019
Ahold Delhaize USA is planning to roll out nearly 500 robots to its Stop & Shop and Giant/Martin’s locations.
The launch of the in-store robots called “Marty” — one of the ... Read moreBots And Outside-The-Bots, CES 2019: Payments And Commerce Highlights
January 12, 2019
There was a lot about CES in Las Vegas last week that was predictable.
Google and Amazon competed for voice-activated mindshare. There seemed to be as many new smart devices as ... Read moreAmazon Looks To French Tech For Self-Driving Forklifts
January 10, 2019
Amazon has signed a seven-year deal with French robotics company Balyo, which has a navigation system that turns forklifts into self-driving vehicles.
The deal stipulates that Amazon will receive stock warrants ... Read moreHyundai Unveils Walking Car Concept At CES
January 9, 2019
Hyundai has unveiled a walking car concept at CES, the consumer electronics show being held in Las Vegas, that can help first responders save lives after a natural disaster be ... Read moreHow Will CES Set The 2019 Payments And Commerce Agenda?
January 2, 2019
Let’s move past the metaphors and low-level poetic imagery when it comes to the International Consumer Electronics Show, that annual conference and trade show better (and officially) known as CES. ... Read moreStartups (And Their Investors) Offer Enterprise Processes A Digital Overhaul
November 30, 2018
With more than $370 million raised by B2B startups this week, investors are showing their support for companies that help other businesses embrace digitization. The cloud, artificial intelligence (AI) and ... Read moreGeek+ Raises $150M For Supply Chain Robotics
November 26, 2018
Beijing-based Geek+ has raised a $150 million investment round for its robotics technology, designed to enhance supply chain management and logistics. Gigabit Magazine reported that Geek+ secured the Series B round ... Read more
Payless Approved By Bankruptcy Court To Begin Closing Stores
February 20, 2019
Payless, a nationwide discount shoe retailer, has won approval from a bankruptcy court to begin closing its 2,500 stores in North America, effectively putting 16,000 employees into eventual unemployment, according ... Read moreTide Launches Omnichannel, On-Demand Laundry Service
February 20, 2019
Tide, the laundry brand owned by CPG Detergent, is introducing a service called Tide Cleaners, an on-demand dry cleaning and laundry service, at 1,000 locations in cities across the country, ... Read moreAs Smartphone Sales Dip, Samsung Launches Galaxy Fold
February 20, 2019
Samsung on Wednesday (Feb. 20) launched its Galaxy Fold, a device designed to act as a smartphone or small tablet depending on consumer need. The phone’s release comes at a ... Read moreThe Inverted Approach To Tackling Fraud
February 20, 2019
Banks, financial institutions (FIs) and other firms are grappling with a flood of application fraud and identity theft. In other news, customers see self-service kiosks and online ordering as important features to a quick-service ... Read moreHow Merchants Are Fueling Consumers’ Need For Speed (And Convenience) Via Mobile
February 20, 2019
For many consumers, smartphones aren’t only a way to catch up on emails or news: They are also a way to discover and shop for products and services. The technology ... Read moreWhen Conversational AI Meets The QSR Drive-Thru
February 20, 2019
Some entrepreneurs develop new tools after they find that existing technology doesn’t meet the needs of a specific market: Valyant AI CEO and Founder Rob Carpenter, in one case, realized ... Read moreHow Cannabidiol Products Are Infusing Luxury Retail
February 20, 2019
The legal cannabis industry is large as of the start of 2019 – and, according to most experts, it’s on track to get even larger. Worldwide legal cannabis products represented ... Read moreKroger, Ocado Announce Two New Customer Fulfillment Centers
February 20, 2019
Kroger and Ocado, one of the world’s largest online grocery retailers, have announced that Central Florida and the Mid-Atlantic will be the next regions for Kroger’s two newest customer fulfillment ... Read moreWalmart Grows eCommerce By 43 Pct In Q4
February 20, 2019Things have warmed up for Walmart over the winter.
The retail landscape had been littered with disappointing earnings reports, worries over the impact of a cross-border trade war between China and ... Read moreAmazon Private-Label Partnerships Top Private-Label Brands
February 19, 2019The eCommerce giant Amazon’s efforts to create its own private-label offerings in different product categories appears to be on the rise, with the company reportedly recruiting partners in its Amazon ... Read more
Curing Medicine’s Epidemic Of Noncompliance
March 22, 2018
The 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, 2018
The 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, 2018
About 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, 2018
Another 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, 2017
Payments 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, 2017
For 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, 2017
Accomplished 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, 2017
Though 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 moreWhat Walmart Pay Knows That Apple Pay Doesn’t
August 7, 2017
A lot of exciting things have happened in payments — and commerce, more broadly — over the last three years.
PayPal became pals with the card networks and their issuers.
India demonetized its currency ... Read moreWalmart Pay Now Offers Faster Access To Walmart Credit Cards
June 8, 2017
Walmart Pay has been out in wide release for a little over a year — and in that time, it has made some pretty notable strides. According the PYMNTS/Infoscout data, ... Read more