Walmart Archives - Vista Partners LLCVista Partners LLC

Walmart Adapts Pay Policies Amid Shifting Market Demands – $WMT $DIA $SPY $LTRN

Reportedly, Walmart Stores, Inc. (WMT) has implemented a change in its pay structure, resulting in lower compensation for some new store employees compared to what they would have received three months ago. This revised pay structure aims to enable workers to transition between various work groups, ...

Sep 14, 2023 View Article

Retailing Giant Walmart Beats Q2 Sales Estimates, Raises Full-Year Outlook – $WMT $SPY $DIA

As per reports, Walmart Stores, Inc. (WMT) has raised its outlook for the full year and exceeded predictions for sales in the second quarter. This underscores its effectiveness in offering competitive prices on a wide array of products, spanning from everyday essentials to clothing, despite the impa...

Aug 17, 2023 View Article

Walmart Q2 Fiscal Year 2024 Earnings Conference Call – $WMT $LTRN

As per reports, Walmart Stores, Inc. (WMT) announced its plan to conduct a live conference call with the Investment Community at 7 a.m. CDT on Thursday, August 17, 2023. The purpose of the call is to delve into the company's financial performance for the second quarter of fiscal year 2024. Leading t...

Aug 16, 2023 View Article

Walmart’s Key Executives To Present Strategic Plans In 2023 Investor Meeting – $WMT $DIA $SPY $INVO

Reportedly, Walmart Stores, Inc. (WMT) has announced that it has scheduled its 2023 Investment Community Meeting in Florida on April 4-5. On April 5, the company will webcast presentations from its key executives, including the president and CEO, CFO, and business unit CEOs for Walmart U.S., Walmart...

Apr 04, 2023 View Article

Workers Laid Off At Walmart E-Commerce Sites Across 5 States- $WMT $DIA $SPY

Reportedly, Walmart (WMT) has asked employees at five of its facilities in the United States that handle e-commerce orders to find jobs at other company locations within 90 days, as a reduction or elimination in evening and weekend shifts led to layoffs. The affected locations include Pedricktown, N...

Apr 04, 2023 View Article

Virtual Annual Shareholders’ Meeting Set For Walmart On May 31 – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) has announced that it will conduct its Annual Shareholders' Meeting virtually on Wednesday, May 31, 2023. Shareholders can participate in the meeting through a live audio webcast and can cast their vote electronically, online, by mail or phone before the meetin...

Mar 22, 2023 View Article

Retailing Giant Walmart CEO Doug McMillon Extends Tenure – $WMT $DIA $INVO

As per reports, Walmart Stores, Inc. (WMT) Chief Executive Office Doug McMillon, 56, to lead the company for at least three more years as the retailer continues to work on to finalizing its successor. Kathryn McLay, 49, the head of Walmart warehouse chain Sam's Club, is also among those seen as pote...

Mar 07, 2023 View Article

Walmart To Open 28 Healthcare Centers Across U.S By Yearend 2024 – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) announced opening of 28 new healthcare centers in the United States by the end of next year, including its first ones in Missouri and Arizona, by the end of 2024. The new Health centers will cover about 5,750 square feet and offer services including startin...

Mar 03, 2023 View Article

Walmart Tops Wall Street Expectations, Remains Cautious – $WMT $DIA $INVO

As per reports, Walmart Stores, Inc. (WMT) released fiscal Q4 earnings, beating holiday quarter expectations and reporting adjusted earnings of $1.71 versus $1.51 expected with revenue of $164.05 billion versus $159.72 billion expected. Walmart reported net income of $6.28 billion, or $2.32, up from...

Mar 02, 2023 View Article

Reportedly Dow 30 Component, Retailing Giant Walmart To Shut 3 Tech Hubs – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) is to closing 3 of its U.S. technology hubs, asking hundreds of workers to relocate to keep their jobs. Walmart would close offices that housed technology staff in Austin, Texas, in Carlsbad, California, and in Portland, Oregon, informed Robert Munroe, Walmart'...

Feb 16, 2023 View Article

Walmart Schedules Fourth Quarter Earnings Release On Feb 21 – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) is set to release its fourth-quarter earnings on Tuesday Feb. 21 at 6 a.m. CST. The retailer will host a conference call at 7 a.m. CST with the investment community to discuss and review the results, hosted by Doug McMillon, president and CEO, along with the ex...

Feb 20, 2023 View Article

Walmart & Salesforce Partner Offering Store Pickup & Delivery Services – $WMT $CRM $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) and Salesforce have entered an agreement to provide retail customers with store pickup and delivery services using Walmart's huge transportation network. Companies using Salesforce's e-commerce platforms to host and manage their websites will now be able to use...

Jan 25, 2023 View Article

Walmart’s Drone Deliveries Program Reports Successful Expansion & Delivery Rate – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc's (WMT) drone delivery program has reached new heights having successfully achieved expansion plans for 2022 and completing more than 6,000 deliveries to customers, over the past year. The retailer now operates, with its vendors, 36 drone delivery hubs across seven st...

Jan 20, 2023 View Article

Walmart Raises Annual Sales Forecast As Consumer Demand Remain Strong – $WMT $DIA $INM

Reportedly, Walmart Stores, Inc. (WMT) raised its annual sales and profit forecast as demand for groceries continued to remain strong despite higher prices. The retailer also raised its full-year net sales expectations ahead of the holiday season, announcing a new $20-billion share buyback plan. Wa...

Nov 17, 2022 View Article

Walmart To Release Third-Quarter Earnings – $WMT $DIA $INVO

Reportedly, Walmart (WMT) to release its third-quarter earnings at 6 a.m. CST on November 15, followed by a live conference call with the Investment Community at 7 a.m. to discuss the company’s third-quarter earnings results for the fiscal year 2023. Web: Live webcast will be available at the lin...

Nov 14, 2022 View Article

Walmart & UnitedHealth Offering Seniors Focused Preventive Healthcare Program – $WMT $UNH $DIA $INVO

Reportedly, Walmart and healthcare giant UnitedHealth Group are collaborating to offer preventive care for people aged 65 and up, and virtual healthcare services for all age groups. The 10-year partnership represents Walmart's latest investment into healthcare that could help the retail giant better...

Sep 29, 2022 View Article

Are Walmart’s Sam Club Membership Fees Getting Too Expensive? – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) has increased annual fees for both tiers of its Sam's Club memberships with effect from October 17. Annual membership fees will increase to $50 from $45 for Club members, and to $110 from $100 for Plus members. The price hikes come as new brands enter the club,...

Oct 03, 2022 View Article

Walmart Offers To Acquire Remaining 47% Of Johannesburg Stock Exchange Listed Massmart Shares – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) has launched a 6.4 billion rand ($377.6 million) offer for the 47% of Massmart shares it does not already own. If approved by shareholders, the retailer would be delisted from the Johannesburg Stock Exchange. Since acquiring majority control over Massmart in 20...

Sep 29, 2022 View Article

Walmart’s Starts Testing Its Electric Delivery Vehicles In Dallas – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) has begun deploying the Canoo vans in the Dallas-Fort Worth metroplex area for deliveries to Walmart+ in-home service customers to test their configuration before an anticipated nationwide rollout in 2023. In mid-July, Walmart entered an agreement with Canoo to...

Oct 05, 2022 View Article

Walmart Recently Beat Wall Street’s Quarterly Estimates – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) exceeded second-quarter earnings reporting adjusted earnings of $1.77 per share versus $1.78 a year earlier. Revenue grew 8.4% to $152.9 billion. Analysts predicted Walmart's earnings to drop 9% to $1.62 per share. "The actions we've taken to improve inventory...

Sep 24, 2022 View Article

Walmart In Close Talks With Media Giants On Streaming Deal – $WMT $DIA $DIS

Reportedly, Walmart Stores, Inc. (WMT) is in talks with media companies about including streaming entertainment in its membership service. Executives from Paramount, Walt Disney Co (DIS), and Comcast Corp, which operate several major streaming services, have in recent weeks spoken with the U.S. ret...

Aug 30, 2022 View Article

Walmart Announces Release date Of Q2 Earnings – $WMT $DIA

As per reports, Walmart Stores, Inc. is to release its second-quarter earnings results at 6 a.m. CDT on Aug. 16 followed by a live conference call with the Investment Community at 7 a.m. CDT to discuss the company’s results. The call will be hosted by Doug McMillon, president and chief executive o...

Aug 09, 2022 View Article

Walmart Announces Job Cut In Corporate Roles As A Part Of Restructuring Effort – $WMT $DIA $ATOS

Reportedly, Walmart Stores, Inc. (WMT) is cutting hundreds of corporate roles as a part of its restructuring effort. Around 200 jobs are being cut, Walmart notified employees in its Bentonville, Arkansas headquarters and other corporate offices of its restructuring move. "We're updating our structu...

Aug 23, 2022 View Article

Bellwether Co. Walmart Lowers Profit Forecast As Consumer Behavior Changes Amid Rising Food & Fuel Prices – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) cut its quarterly and full-year profit guidance weeks ahead of its earnings report, as inflation is causing shoppers to reportedly spend more on necessities such as food and less on items like clothing and electronics. The shift in spending has left more items ...

Aug 01, 2022 View Article

Walmart Purchasing 4,500 Electric Vehicles From Canoo – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) is collaborating with American automotive startup, Canoo Inc. to purchase 4,500 electric vehicles nearing its goal to attain net-zero emissions by the year 2040. The deal further includes Canoo's fully electric Lifestyle Delivery Vehicle, the production of whic...

Jul 14, 2022 View Article

Walmart To Levy Pickup Fees From Some Suppliers As Fuel & Labor Cost Rise – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) to start charging some of its suppliers new fees to transport goods to its warehouses and stores in response to rising fuel and transportation costs from next month. The company will charge a "collect pickup charge" calculated as a percentage of the cost of...

Jul 14, 2022 View Article

Walmart Offers Enhanced AR Experience To Its Customers With New Features On App – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) has added two augmented reality (AR) features to its app, one that allows customers to view furniture and home décor items in their homes before purchasing and another for shoppers to use in-store to view key product information. The feature will initially b...

Jul 05, 2022 View Article

Walmart & Roku Partnering To make TV Streaming The next E-commerce Shopping Destination – $ROKU $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) and America’s #1 TV streaming platform, Roku, Inc. (ROKU) have entered a first-of-its-kind partnership making TV streaming the next e-commerce shopping destination. Walmart as an exclusive retailer will enable streamers to purchase featured products fulfilled...

Jun 22, 2022 View Article

Walmart Adds “Progressive Wage Model” For Pharmacy Workers – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) announced an increase in the average pay of pharmacy workers to more than $20 per hour and offer more frequent and automatic pay raises as part of a new "progressive wage model" to address the rising concern of a tight domestic labor market. The raises will be...

Jun 22, 2022 View Article

Walmart Announces The Construction of 4 E-Commerce Warehouses Creating +4k Jobs – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) to build four new e-commerce warehouses in a push to speed deliveries, with the help of an automated system to pick out items while also creating more than 4,000 jobs. The company informed, in combination with traditional fulfillment centers, that the new f...

Jun 24, 2022 View Article

Multi-Specialty National Telehealth Provider MeMD Announces Official Transition To Walmart Health Family – $WMT $DIA

Reportedly, MeMD, a multi-specialty national telehealth provider, announced its name change to Walmart Health Virtual Care marking its official transition to the Walmart Health (WMT) family. The name change marks the final stages of MeMD’s acquisition by Walmart Health, which was initially announc...

May 26, 2022 View Article

Walmart Lowers Profit Forecast Amid Rising Food & Fuel Costs – $DIA $WMT

Reportedly, Walmart Stores, Inc. (WMT) released first-quarter earnings below expectations and cut its profit outlook due to inflationary pressures, especially in food and fuel. Adjusted profit dropped to $1.30 a share during the first quarter ended in late April below $1.48 analyst estimates. Retai...

May 18, 2022 View Article

Walmart Schedules Q1 Release Date on May 17- $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) is scheduled to release its first-quarter earnings results at 6 a.m. CDT on May 17 followed by a live conference call with the Investment Community at 7 a.m to discuss the company’s first-quarter earnings results for the fiscal year 2023. The call will be hos...

May 12, 2022 View Article

Walmart Reports Jump In Trucker Applicants In Concert With Supply Chain Induced Salary Hike – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) sees the number of trucker applicants jump 8 to 10 times since the salary hike as the retailer recently shifted its pay structure so that truck drivers can earn up to $110,000 in their first year. "So far, and it's still in its early days, but we've see...

Apr 20, 2022 View Article

PayPal’s Finance Chief John Rainey Joins Walmart As CFO – $PYPL $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) has appointed PayPal Holdings Inc's (PYPL) finance head, John Rainey, as its chief financial officer (CFO), effective June 6, replacing Brett Biggs. Brett Biggs served as Walmart's finance chief since 2015 and will continue to serve as an adviser until he...

Apr 18, 2022 View Article

Walmart Announces Salary Raise For Freight Drivers Amid Shortage – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) is increasing starting salaries for its freight drivers to between $95,000 and $110,000 a year, up from an average starting salary of $87,500. The push comes as supply-chain problems add challenge to the already troubled trucking industry. The American Trucking...

Apr 13, 2022 View Article

Walmart’s Indian E-commerce Co. Flipkart’s IPO Valuation Reportedly Raised To $60-70B Range – $WMT $DIA $AMZN

Reportedly, Walmart Stores, Inc. (WMT) Indian e-commerce company Flipkart has internally raised its IPO valuation target to $60-70 billion, and now plans a U.S. listing in 2023 instead of this year. Flipkart, which competes with Amazon.com (AMZN) in India's booming e-commerce space, earlier had an I...

Apr 11, 2022 View Article

Floridians Can Now Enjoy Affordable & Convenient Health Care Services At 5 New Walmart Health Centers – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) announced the opening of 5 new Walmart Health centers across North and Central Florida, marking its expansion into Florida. Situated adjacent to Walmart Supercenters, these convenient state-of-the-art Walmart Health centers provide diverse services, including p...

Apr 12, 2022 View Article

Walmart Scheduled To Hold 2022 Annual Shareholders’ Meeting On June 1 – $WMT $DIA

As per reports, Walmart Stores, Inc.(WMT) is scheduled to hold its Annual Shareholders’ Meeting on Wednesday, June 1, 2022, in a virtual-only format beginning at 10:30 a.m. CDT. While shareholders will be able to attend the meeting online through a live audio webcast, there will be no physical loc...

Apr 11, 2022 View Article

Walmart GoLocal Partners With Delivery Solutions To Deploy Omnichannel Shopping Experience- $WMT $DIA

Reportedly, Walmart GoLocal, Walmart's (WMT) white-label delivery offering, has partnered with the leading provider of third-party aggregation and orchestration software, Delivery Solutions, for last-mile delivery and fulfillment. The collaboration will further enable Delivery Solutions, customers...

Mar 15, 2022 View Article

British Beauty Products Brand ‘BEAUTYSPACENK’ To Leverage Walmart Platform- $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) and British retailer Space NK are teaming up to bring prestige beauty products to Walmart.com and nearly 250 Walmart stores nationwide this summer. The unique collaboration, called BEAUTYSPACENK, leverages Walmart’s size and scale with the iconic British pers...

Mar 10, 2022 View Article

Walmart Announces Plans To Open New Fulfillment Center In Southern Pennsylvania – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) is set to open a new fulfillment center in southern Pennsylvania to support the retailer’s rapidly increasing supply chain network and eCommerce capabilities. The 1.8M+ square-foot Shippensburg facility will be located at 2281 United Drive and is expected...

Mar 09, 2022 View Article

Walmart’s ‘Walmart2Walmart’ Introduces Low-Price Fee On Money Transfers To Mexico – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) money transfer program, Walmart2Walmart is offering significantly cheaper rates for its customers to send money from any Walmart store in the U.S. to any Walmart store in Mexico for as little as $2.50 per transaction. The low fee marks another major milesto...

Mar 05, 2022 View Article

Walmart Beats Q4 Earnings Estimates, Announces Buyback & Dividend Increase – $WMT $DIA

As per reports, Walmart Stores, Inc.'s (WMT) fourth-quarter earnings beat estimates reporting a 10% increase to $1.53 per share, with sales of $152.87 billion. U.S. Walmart same-store sales excluding fuel advanced 5.6%, in line with forecasts. Walmart's U.S. e-commerce sales were up just 1% versus ...

Feb 23, 2022 View Article

Walmart Drops Mask Mandate For Fully Vaccinated U.S. Workers – $WMT $DIA $AMZN

Reportedly, Walmart Stores, Inc. (WMT) has removed the mask mandate for fully vaccinated workers working in company facilities in the United States unless ordered by a state or local mandate. However, employees working in clinical care units. i.e. health clinics and pharmacies and having direct cust...

Feb 15, 2022 View Article

Walmart Schedules Q4 Earnings Call On Feb 17 – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) is to release its fourth-quarter earnings on Thursday, Feb. 17, 2022, at 7 a.m. CST. The live conference call will be hosted by the president and CEO, Doug McMillon, and Brett Biggs, executive VP, and CFO with the Investment Community, to discuss the result...

Feb 15, 2022 View Article

Walmart Stores’ Chief E-Commerce Officer Casey Carl Exiting Feb. 1 – $WMT $DIA $AMZN

Reportedly, Walmart's (WMT) top e-commerce executive Casey Carl is leaving the company at the end of February after nearly two years of service. Carl will be replaced by Walmart's senior vice president, Tom Ward, of last-mile deliveries with a new title as executive vice president and chief e-commer...

Jan 24, 2022 View Article

U.S. Pharmacy Chains Reportedly Limiting Home COVID-19 Test Sales Amid Omicron..?

Reportedly, Walmart (WMT), Walgreens Boots Alliance (WBA), and CVS Health Corp (CVS) have limited sales of at-home COVID-19 testing kits as testing demand surges due to the increasing spread of the Omicron variant of the coronavirus. The variant has become a cause of concern, ruining hopes for a mo...

Dec 28, 2021 View Article

Walmart Marketplace U.S To Include Verifique™ Test Products

Reportedly, Veriteque USA, Inc. to list Verifique brand on the Walmart (WMT) Marketplace in the United States, as a newly registered seller on the platform. Verifique will further list both of their USA made products on the platform including the Verifique Cannabis Detection Test, and the Verifique ...

Dec 24, 2021 View Article

Walmart Schedules Climate Change Discussion On Dec 10 Hosted By Kathleen McLaughlin

As per reports, Walmart Stores, Inc. (WMT) will host a discussion on Walmart’s climate change strategy on Friday, Dec. 10, at 2 p.m. CST, hosted by the executive vice president and chief sustainability officer & president of the Walmart Foundation, Kathleen McLaughlin. The discussion will focu...

Dec 05, 2021 View Article

Walmart Reports Exceed Q3 Earnings Expectations – Remains Confident As Holiday Season Approaches

Walmart Stores, Inc. (WMT) reported Q3 earnings, exceeding market estimates as high inflation pushed more customers to seek out its discount prices. Earning Highlights: The retailer reported an adjusted EPS of $1.45 versus $1.40 expected. Revenue stood at $140.53 billion versus $135.60 billio...

Nov 18, 2021 View Article

Walmart & Silicon Valley Start-Up Gatik Initiate Driverless Truck Deliveries To Boost Efficiencies

As per reports, Walmart Stores, Inc. (WMT) has started using fully driverless trucking to boost its online grocery business, increasing capacity and minimizing inefficiencies. In August, Walmart along with Silicon Valley start-up Gatik operated two autonomous box trucks without a safety driver on a ...

Nov 11, 2021 View Article

Walmart Schedules Q3 Earnings Release For Nov 16 Prior To The Open

Reportedly, Walmart Stores, Inc. (WMT) has scheduled to release its third-quarter earnings at 6 a.m. CST on Tuesday, Nov. 16, 2021. The release will be followed by a live conference call with the Investment Community at 7 a.m. CST to discuss the results, hosted by President & CEO Doug McMillon, ...

Nov 11, 2021 View Article

Walmart & Sam’s Club To Administer The Latest Approved Pfizer $PFE Vaccine For Children Aged 5 – 11 Years

As per reports, the U.S. Food and Drug Administration and Centers for Disease Control and Prevention have authorized the Pfizer (PFE) vaccine for children aged 5 to 11. Walmart Stores, Inc. (WMT) and Sam’s Club will administer the Pfizer vaccine to eligible children aged 5 to 11 across more than 5...

Nov 09, 2021 View Article

Johnson & Johnson & Moderna Booster Shots Now Available At US Walmart & Walgreens

Reportedly, Walmart Inc. (WMT) and Walgreens Boots Alliance Inc. (WBA) have started to administer COVID-19 booster shots from Johnson & Johnson and Moderna Inc., in addition to the previously authorized Pfizer-BioNTech booster. The Centers for Disease Control and Prevention said citizens can cho...

Oct 26, 2021 View Article

Some US Walmart’s Allowing Customers To Buy Bitcoin At Coinstar Kiosks

Reportedly, Walmart Stores, Inc. (WMT) offers customers at some of its U.S. stores to purchase bitcoin using ATM-like machines installed by Coinstar. Coinstar, which has machines that can exchange physical coins for cash, has partnered with CoinMe, digital currency exchange to let customers buy bitc...

Oct 25, 2021 View Article

Home Depot Say ‘Yes’ To Walmart’s GoLocal Fast Delivery Service

As per reports, Walmart (WMT) has gained Home Depot (HD), as its first client for its new GoLocal fast delivery service. The service includes same-day and next-day delivery at select stores in New Mexico, Arkansas, and Texas initially, before expanding to other markets by year-end. The items Walma...

Oct 11, 2021 View Article

Walmart Health Centers Partners With Epic Systems To Offer Easy Access To “e-health” Records

As per reports, Walmart Stores, Inc. has entered a partnership with electronic health records company Epic Systems to support all of the retailer’s health and wellness lines of business. Epic’s technology platform will offer patients a consolidated health record across care settings, multiple so...

Sep 29, 2021 View Article

Walmart Closes $2B Green Bond Offering The First Under Green Financing Framework

As per reports, Walmart Stores, Inc. has announced that it has closed its previously announced $2 billion inaugural green bond offering. Net proceeds will be allocated to fund current and prospective projects to advance Walmart’s sustainability goals. The green bond is Walmart’s first offering...

Sep 26, 2021 View Article

Walmart To Begin Testing Autonomous Vehicle Delivery Service In 3 Cities

Reportedly, Walmart Stores, Inc. (WMT) will begin testing autonomous vehicle delivery services in three cities with Ford and self-driving car company Argo. The retail giant will use hybrid Ford Escape SUVs augmented along with Argo's AI technology. In 2017, Ford invested $1 billion in Argo and Vo...

Sep 17, 2021 View Article

Walmart To Ditch Quarterly Bonuses For Store Workers

Walmart Stores, Inc. (WMT) to end its decades-old quarterly bonuses for store workers as it implements hourly wage raises for employees, as per a Wall Street Journal report. It was further informed that Walmart would scrap the benefit, dubbed MyShare, at the end of its fiscal year on Jan. 31, and ro...

Sep 10, 2021 View Article

Walmart Looking To Hire 20k Supply Chain Workers & Raise Wages As Holiday Season Approaches

Reportedly, Walmart Stores, Inc. (WMT) plans to hire 20,000 workers at its supply chain division and raise wages as the busy holiday season approach anticipating higher demand. The hiring will come across part-time and full-time jobs, across more than 250 Walmart and Sam's Club distribution centers,...

Sep 02, 2021 View Article

Walmart’s Launches Walmart GoLocal A ‘New Delivery As A Service’ Business Diversifying Its Revenue Streams

Reportedly, Walmart Stores, Inc. (WMT) announced the launch of its new line of business, Walmart GoLocal, extending its expertise in delivering goods to customers from businesses of all sizes. The service will help businesses to grow using Walmart’s delivery capabilities and nationwide coverage at...

Aug 24, 2021 View Article

Walmart Q2 Earnings Exceed Expectations As Market Share Grew In U.S. Grocery

Reportedly, the world’s largest retailer Walmart Stores, Inc. (WMT) exceeded Wall Street's Q2 revenue and sales estimates driven by store traffic and high grocery sales. The retailer reported an adjusted EPS of $1.78 versus $1.57 expected. Revenue stood at $141 billion versus $136.88 billion exp...

Aug 18, 2021 View Article

Walmart On Hunt For Digital Currency/Cryptocurrency Lead?

Reportedly, Walmart Stores, Inc. (WMT) is looking for a digital currency/cryptocurrency lead as more retailers start accepting cryptocurrency transactions. As mentioned in the job description, the retailer is looking for someone who will "provide the leadership to identify technology and customer...

Aug 17, 2021 View Article

Walmart Announced The Selection of Publicis Groupe To Lead Media Planning & Buying In U.S.

As per reports, Walmart Stores, Inc. (WMT) announced the selection of Publicis Groupe to lead media planning and buying for Walmart U.S., following an extensive agency evaluation for a media AOR to support future growth and brand-building initiatives. "First and foremost, we appreciate all of the e...

Aug 14, 2021 View Article

Walmart To Announce Q2 Earnings On August 17, 2021

As per reports, Walmart Stores, Inc. (WMT) is to announce its Q2 earnings results for the fiscal year 2021 at 6 a.m. CDT on Tuesday, Aug. 17, 2021, followed by a live conference call with the investors at 7 a.m. CDT to discuss and review the results. The event can be reached at https://corporate.wal...

Aug 16, 2021 View Article

Walmart Adds Educational Benefits For Its Full & Part-Time ~1.5M Employees

Reportedly, Walmart Inc (WMT) announced it plans to bear the complete cost of college tuition and books for its full and part-time employees (roughly 1.5 million), starting August 16. Walmart has been criticized for years as thousands of its workers are below the poverty line, and it has also been c...

Aug 02, 2021 View Article

Walmart Partners With Tween Brand ‘Justice’ (Owned By Bluestar Alliance)

As per reports, Walmart Stores, Inc. (WMT) announced a new collaboration with the Justice brand, bringing its popular tween assortment to even more girls just in time for back to school, with Justice’s signature line of fresh, trend-inspired designs across tween apparel, accessories, and home on W...

Jul 19, 2021 View Article

AmEx’s Adds Walmart Rewards To Its $695-A-Year Platinum Card

As per reports, American Express Co. (AXP) is adding the perks available to customers of its high-end Platinum Card to include rewards from Walmart Inc (WMT). The $695-a-year card will now offer statement credits for Walmart+ members, a membership program that offers customers free shipping for onli...

Oct 09, 2021 View Article

Walmart Continues Unveils Project To Promote Climate Change

Reportedly, Walmart Stores, Inc. (WMT) unveiled a project aimed at cutting emissions in a tie-up with the U.N. group COP26 High-Level Climate Action Champions, and the business organization the World Business Council for Sustainable Development along with other retailers H&M, Ikea, and Kingfishe...

Jul 09, 2021 View Article

Walmart Introduces New Digital Offers With A Leading U.S Cash Back Rewards Platform, Ibotta

Reportedly, Walmart (WMT) has entered a strategic agreement with a leading cashback rewards platform in the United States, Ibotta to create and launch a new digital offers program on Walmart.com and the Walmart app. With the new program, Walmart customers will have access to hundreds of cash rebate...

Jul 01, 2021 View Article

Walmart Announces Its Low-Priced Private Label Analog Insulin With Novo Nordisk

Reportedly, Walmart Stores, Inc. (WMT) has launched its private-label analog insulin at a huge discount to branded insulin vials and pens, driving growth in its healthcare business. The product, ReliOn NovoLog, is rapid-acting analog insulin used to control high blood sugar in adults and children wi...

Jul 01, 2021 View Article

Walmart Extends Relationship With Inovalon & The Inovalon ONE® Platform To 2028

Reportedly, Walmart Stores, Inc. (WMT) has expanded and extended its partnership with Inovalon, a noted provider of cloud-based platforms empowering data-driven healthcare. The partnership will assist Walmart with cloud-based capabilities through the Inovalon ONE® Platform in its extensive network ...

Jun 29, 2021 View Article

Walmart Invests In DroneUp Further Positioning For Delivery

Reportedly, Walmart Stores, Inc. (WMT) has invested in drone delivery company, DroneUp following a pilot last year with automated deliveries of COVID-19 nasal swab test kits as the company aims for drone deliveries in large numbers. "The trial demonstrated we could offer customers delivery in min...

Jun 23, 2021 View Article

Walmart Announces Community Academy Program Offering Free Educational Opportunities

Walmart Stores, Inc. (WMT) is offering free classes to the public for personal and career investment as an initiative to give back to the community. Andy Trainor, Vice President of Learning, released a statement stating details about the Community Academy initiative. The program aims to help commun...

Jun 10, 2021 View Article

Walmart Set To Give Nearly Half Of Its U.S Store Employees Free Samsung Galaxy XCover Pro Smartphones

Walmart Stores, Inc. (WMT) is set to give more than 740,000 of its U.S employees, Samsung Galaxy XCover Pro smartphones, cases, and protection plans by the end of the year allowing them to use an app the company has developed to manage shifts, clock in, and stay in "constant communication." The app ...

Jun 07, 2021 View Article

GAP To Launch Home Products Line On Walmart.com

Reportedly, Gap Inc. is launching its new brand of home products that will be available exclusively on Walmart's (WMT) website in June, making it the first fashion retailer to get into a multi-year partnership with Walmart in home furnishing. The home goods market has witnessed increasing demand ove...

May 26, 2021 View Article

Walmart Exceeds Q1 Estimates – Raises Outlook

Dow 30 component, Walmart Stores, Inc. (WMT) reported strong first-quarter earnings, witnessing a strong push from e-commerce and grocery sales. Key Highlights: Walmart reported an adjusted EPS of $1.69 versus $1.21 expected. Revenue stood at $138.31 billion versus $131.97 billion expected fo...

May 19, 2021 View Article

Walmart Allowing Fully Vaccinated Employees To Ditch Their Mask

Reportedly, Walmart Stores, Inc. (WMT) to allow fully vaccinated workers without masks at work following the latest guidelines issued from the U.S. Centers for Disease Control and Prevention. As per an internal memo issued by the retailer to U.S. stores, Sam’s Clubs, and supply chain facilities, u...

May 16, 2021 View Article

Walmart Schedules First Quarter Earnings Release On May 18, 2021

As per reports, Walmart Stores, Inc. (WMT) will release its first-quarter earnings results at 6 a.m. CDT on Tuesday, May 18, 2021, followed by a live conference call with the Investment Community at 7 a.m. CDT to discuss the results. The call will be hosted by Doug McMillon, President & CEO, an...

May 17, 2021 View Article

Walmart Health Enters Agreement To Acquire With Telehealth Provider MeMD

As per reports, Walmart Health has entered an agreement with MeMD, a multi-specialty telehealth provider. The agreement strengthens Walmart's commitment to integrated, omnichannel health delivery spread across data and technology to enhance engagement and outcomes. The partnership will allow Walmart...

May 09, 2021 View Article

Walmart Schedules Virtual Annual Shareholders’ Meet On June 2

Walmart Stores, Inc. (WMT) is scheduled to hold its virtual Annual Shareholders’ Meeting on Wednesday, June 2, 2021, beginning at 10:30 a.m. CDT. The meeting will not be held in a physical location following the Covid-19 norms but will be available online through a live audio webcast, as per repor...

Apr 05, 2021 View Article

Walmart Collaborating With American Fashion Designer Brandon Maxwell

As per reports, Walmart Stores, Inc. (WMT) has collaborated with Brandon Maxwell to design its Free Assembly and Scoop apparel brands. Brandon Maxwell is a well-known American designer known for dressing Lady Gaga on numerous occasions, including Met Gala events. Maxwell to act as Creative Director ...

Mar 18, 2021 View Article

Former AT&T Chairman & CEO Randall Stephenson Joins Walmart Board

As per reports, the Board of Directors, Walmart (WMT) has appointed Randall Stephenson, 60, former Chairman and Chief Executive Officer of AT&T Inc., as a new member of the company’s board, effective March 3. Stephenson adds as the 12th member of the board. Stephenson retired in January of ...

Mar 08, 2021 View Article

Walmart’s Express Delivery Gets Much Easier

Reportedly, Walmart Stores, Inc. (WMT) customers now no longer need to meet the minimum order requirement to get the items they need in a hurry, as the retailer removes the $35 minimum order requirement for Express delivery beginning March. Express delivery offers customers to order items from Walma...

Mar 03, 2021 View Article

Walmart Reports Strong Q4 Revenue Growth But Saw Increased Costs

Walmart Stores, Inc. (WMT) reported improved Q4 revenue driven by strong e-commerce growth that increased during the COVID-19 pandemic. However, there was an increase in costs due to a pay hike for its frontline workers. The retailer reported adjusted EPS of $1.39 versus $1.50 estimate, revenue stoo...

Feb 19, 2021 View Article

Walmart Continues To Strenghten Digital Ad Business Via Acquisition of PaperG

Reportedly, Walmart Stores, Inc. (WMT) to acquire the technology and assets of PaperG Inc., which does business as Thunder Industries and uses automation to create digital ads. Terms of the deal were not disclosed. The deal does not include Thunder's existing customer contracts but includes a major ...

Feb 09, 2021 View Article

Walmart To Bolster Its Advertising Business, Eyeing Its Rival Amazon

As per reports, Walmart Inc. (WMT) is planning to expand its advertising business by adding space for its ads at its U.S. stores along with sharing its massive shopper data with brands. The retailer is looking to challenge its rival Amazon.com Inc. as a media powerhouse, with its vision of achieving...

Jan 29, 2021 View Article

Walmart To Announce Its Fiscal Q4 Earnings On Feb 18

Reportedly, Walmart Stores, Inc. (WMT) to announce its fourth-quarter financial results at 6 a.m. CST on Thursday, Feb. 18, 2021. The retailer's executive management team will conduct a virtual meeting at 7 a.m. CST following the results to discuss and review the results, along with an update on its...

Jan 27, 2021 View Article

Walmart To Launch Fintech Start-Up With Ribbit Capital

Walmart Stores, Inc. (WMT) to launch a financial technology (fintech) startup in partnership with Palo Alto, California-based venture capital firm Ribbit Capital which has backed investment platform personal finance portal Credit Karma, Robinhood, and other big names in the industry. The new compan...

Jan 13, 2021 View Article

Walmart Expands Its eCommerce Applications With Plug Power Driven Hydrogen & Fuel Cell Solutions

Reportedly, Plug Power, architect of modern hydrogen and fuel cell technology is expanding its relationship with Walmart Stores, Inc. (WMT) by supplying the retailer's e-commerce network with sustainable solutions. GenKey hydrogen and fuel cell solutions offer flexibility, scalability, and fast fuel...

Jan 07, 2021 View Article

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