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.
The Whole Paycheck Tracker: Bringing SNAP Recipients Into The Digital Fold
April 19, 2019
While the race for the consumer’s whole paycheck between Walmart and Amazon was somewhat quieter this week than it has been in the for the last several weeks, things started ... Read moreElizabeth And James Rises Again At Kohl’s
April 19, 2019
The Olsen twins’ fashion empire has had a rather twisty and turny path through the world of retail apparel. Their first entry was an eponymously named line for Walmart that ... Read moreWalmart Offers Cheaper Supplier Finance For Sustainability
April 19, 2019
Walmart and HSBC are introducing a new initiative that pegs supplier financing rates to that vendor’s sustainability performances.
In an announcement this week, Walmart and HSBC said the new supply chain finance ... Read moreConvoy Go Levels The Playing Field For Small Carriers
April 19, 2019
Convoy, the trucking services company, announced Thursday (April 18) the launch of Convoy Go, a nationwide drop and hook marketplace that lets carriers and owner-operators haul pre-loaded trailers and enter ... Read moreSNAP Recipients In NY Can Order Groceries From Walmart, Amazon
April 18, 2019
Big news is in the offing for Walmart, Amazon and other chains that offer grocery ordering online – they have gotten a formal “green light” from the USDA to offer ... Read moreThe Latest Advances In Payments And Fraud Prevention
April 18, 2019
Point-of-sale financing just got a big boost via an acquisition that could lead to more payment synergies down the road. Meanwhile, the new world envisioned by the backers of PSD2 is ... Read moreRetail Sales Mark Comeback, Rising 1.6 Pct In March
April 18, 2019
Spring has sprung, as March marched to the best showing of monthly retail sales data in a year and a half.
In terms of headline numbers, the data released by the ... Read moreAmazon To Shutter China Marketplace
April 18, 2019
Amazon is set to shut down its domestic marketplace in China by mid-July. Citing people familiar with the matter, Reuters reported that the eCommerce giant has decided to focus on ... Read moreHow 5G Could Be Rocket Fuel To Retail
April 17, 2019
The race to 5G retail is on.
The new, faster mobile network technology is a big part of the plans for many commerce and payments operators, even though specific use cases ... Read moreIBM Q1 Shows Systems Drag While Firm Reaches Toward The Cloud (And Blockchain)
April 17, 2019
Blockchain got a few mentions during IBM’s conference call with analysts after earnings were released Tuesday (April 16) after the markets closed. Artificial intelligence (AI) got more exposure, tied in part ... 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, 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 moreLarry Page Can Be Deposed In Uber Suit, Court Rules
July 11, 2017Larry 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, 2017Waymo, 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
Canvas Technology Acquired By Amazon
April 11, 2019Amid its endeavors in robotic technology, Amazon has reportedly bought Canvas Technology. The Colorado-based startup, which was started in 2015, has offered such devices as a fully autonomous cart system, ... Read moreSmoothie Order-Ahead Via Robotics
April 3, 2019Food preparation is going to the robotic overlords, with entrepreneurs tackling the tasks of making products such as smoothies with the help of automation. Take Blendid, which Co-Founder Vipin Jain ... Read moreGoogle Wants To Bring More Learning To Robots
March 27, 2019Make it about machine learning – that seems to be a theme behind Google’s return to robotics, an effort that reportedly has more to do with software than creating mechanical ... Read moreGoogle Gets Back Into Robotics
March 27, 2019If at first one doesn’t succeed …
Google is reportedly back in the robotics game, according to a The New York Times report. It said the company “has quietly been retooling an ambitious, ... Read moreAutonomous Food Deliveries (And Robots) Put To The Test
March 11, 2019The last mile can be vexing for firms aiming to get their products in the hands of consumers. For food companies, the logistics of the last 10 feet can prove a ... Read moreAre Robots Last-Mile Delivery’s Future?
February 28, 2019To provide retailers with an automated option for last-mile deliveries, shipping carriers are entering the world of robotics technology. FedEx, for instance, recently unveiled its FedEx SameDay Bot concept, which the ... Read moreNuro Raises $940M From SoftBank For Robotic Delivery
February 11, 2019Nuro, 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, 2019Retailers 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, 2019Robots 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, 2019Ahold 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 more
Spring Break Goes High-Tech
April 20, 2019From smart bags to social media, spring break is becoming a surprisingly digital and high-tech travel period in the U.S.
The words “spring break” evoke all kinds of mental images. Beaches, ... Read moreElizabeth And James Rises Again At Kohl’s
April 19, 2019The Olsen twins’ fashion empire has had a rather twisty and turny path through the world of retail apparel. Their first entry was an eponymously named line for Walmart that ... Read moreWhy Tivoli Audio Is Trying To Make Brick-And-Mortar Retail Waves
April 19, 2019To let shoppers experience their products in person, brands are opening brick-in-mortar stores in major shopping destinations, even as major retailers are closing stores across the country. Tivoli Audio, which ... Read moreProduct Returns Get A New Look At Walgreens And Nordstrom
April 19, 2019When it comes to retail and digital commerce, it’s not just about the purchase, and it probably hasn’t been for more than a few years at this point. It’s about ... Read moreSNAP Recipients In NY Can Order Groceries From Walmart, Amazon
April 18, 2019Big news is in the offing for Walmart, Amazon and other chains that offer grocery ordering online – they have gotten a formal “green light” from the USDA to offer ... Read moreLampert Faces Suit From Sears Holdings Corp
April 18, 2019In the wake of the retailer’s bankruptcy, Sears Holdings Corp. has filed a lawsuit against former CEO Eddie Lampert, along with ESL Investments and former directors. The suit comes following Lampert’s ... Read moreChina’s Starbucks Rival Luckin Raises $150M
April 18, 2019Luckin, a Chinese coffee startup that aims to dominate rival Starbucks in the Chinese coffee market, has raised $150 million in a Series B-plus fundraising round, according to a report. ... Read moreMarket Love For ‘A Tech Firm Delivering Pizzas’
April 18, 2019Domino’s got a big boost in its share price, care of a big up-vote from Morgan Stanley Analyst John Glass in the form of a raised rating to overweight from ... Read moreCan Retailers Find Secondhand Success With Luxury (And Other) Items?
April 18, 2019The second time is the charm — that holds true for Neiman Marcus, and the hot retail trend the chain is tapping into (again).
Retailers are increasingly turning their sights to ... Read moreWill Telling A Story Drive Foot Traffic To Macy’s?
April 18, 20192019 got off to a bumpy start for Macy’s, as holiday sales slumped when they were expected to soar.
“The holiday season began strong – particularly during Black Friday and the ... Read more
Curing 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 moreWhat Walmart Pay Knows That Apple Pay Doesn’t
August 7, 2017A 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, 2017Walmart 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
