Walmart Headlines

  • Technology companies rally, offsetting a plunge in Walmart

    U.S. stock indexes were mostly higher in midday trading Tuesday as investors sized up earnings from several big companies. Disappointing results sent Walmart...

    Mail Online
  • US STOCKS-S&P, Dow falter after six days of gains as Walmart weighs

    By Sruthi Shankar and Aparajita SaxenaFeb 20 (Reuters) - The S&P and the Dow slipped after six straight days of gains on Tuesday, hurt by disappointing ...

    Mail Online
  • Asda profits slip as price cuts help boost sales

    Asda toasted a fourth consecutive quarter of sales growth today but revealed its profits had slipped in the run up to Christmas as it cut prices amid fierce competition in the grocery market.

    The Telegraph
  • US STOCKS-Walmart worries, bond yields threaten six-day winning streak

    By Sruthi ShankarFeb 20 (Reuters) - U.S. stock index futures fell more than half a percent as Wall Street returned from a long holiday weekend on Tuesday,...

    Mail Online
  • Walmart profit misses view in holiday quarter, online sales slow

    By Nandita BoseNEW YORK, Feb 20 (Reuters) - Retail behemoth Walmart Inc on Tuesday reported a lower-than-expected quarterly profit and posted a sharp drop...

    Mail Online
  • Walmart 4Q profit misses, sales better than expected

    BENTONVILLE, Ark. (AP) - Walmart reported a 42.1 percent drop in fourth-quarter profits, weighed down by restructuring charges and bonuses delivered to its...

    Mail Online
  • Albertsons Swoops for Rite Aid as Retailers Face Online Threat

    Albertsons plans to buy the rest of Rite Aid that isn’t being sold to Walgreens Boots Alliance as retailers of all stripes scramble to respond to a rapidly changing consumer shopping landscape.

  • Walmart's Alice Walton is the richest woman in the world — here's how she spends her $47.9 billion fortune

    Walmart heiress Alice Walton is the richest woman in the US — and the world.  With an estimated net worth of $47.9 billion, she ranks 13th on the Forbes 400. Alice Walton spends her vast fortune collecting art and breeding horses.  Alice Walton, the only female heiress to the Walmart fortune, is not only the richest woman in the US. She's also the richest woman in the world.  The 68-year-old has a fortune worth $47.9 billion, according to Bloomberg. That's nearly $4 billion more than the...

    Business Insider
  • Walmart misses as online sales growth slows (WMT)

    Thomson Reuters Walmart earned an adjsuted $1.33 a share, missing estimates. Online sales grew 23%, down from last quarter's 50%. Same-store sales topped estimates. (Reuters) - U.S. retailer Walmart Inc on Tuesday reported a lower-than-expected quarterly profit even as comparable sales in the U.S. market rose for the 14th consecutive quarter. Sales at U.S. stores open at least a year rose 2.6 percent, excluding fuel, in the fourth quarter ended Jan. 31. Analysts forecast a gain of 2 percent,...

    Business Insider
  • Walmart's online sales growth has sharply slowed — and it highlights a key weakness in its battle with Amazon (WMT)

    Getty Walmart's online sales grew 23% in the most recent quarter, down from 50% growth in the previous period.  The company said it failed to keep some basic items in stock over the holidays, as it tried to manage higher demand of seasonal items like televisions and toys.  Walmart's online sales growth sharply slowed over the critical holiday period, falling to 23% growth from a staggering 50% jump in the previous quarter.  Walmart CEO Doug McMillon said Tuesday that most of the slowed growth...

    Business Insider
  • How An Odd Macadamia Nut Milk Company Caught Walmart's Attention Without Doing Any Marketing

    Milkadamia started as an experiment in coffee shops. It's now carried by 5,000 stores in the U.S.

  • Dollar General is defying the retail apocalypse and opening 1,000 stores — here's what its like to shop there

    AP Dollar General is opening 900 stores this year, remodeling 1,000 locations, and relocating 100 stores. In the most recent quarter, the retailer's same-store sales sales grew 4.3%. Retailers are closing thousands of stores in one of the biggest waves of closures in years. But there's at least one company bucking that trend: Dollar General. Instead of shutting down stores, Dollar General is opening hundreds of more locations. The discount chain says it plans to open 900 stores this...

    Business Insider
  • Even Congress is jumping on the blockchain bandwagon — and IBM is urging it on (IBM)

    At a congressional hearing this week, Jerry Cuomo, IBM's vice president of blockchain technology, testified about the potential governmental uses for blockchains. Identification documents, payment systems, and systems that trace the movement of foods and drugs, are among the most promising initial governmental applications for the technology, Cuomo said. Lawmakers were wowed by how much quicker blockchain technology has made the process of tracking down food products. IBM wants to get Uncle...

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  • Amazon is quietly coming after dollar stores — and it's a brilliant move (AMZN) Amazon has a new area on its website for "$10 and under" items that come with free shipping. The merchandise is offered by third parties, and the section is full of kitschy items. This is usually the domain of dollar and off-price discount stores, which have been thriving in recent years. Amazon is famous for its low prices, but not even it could compete with dollar and discount stores. A new section on the website attempts to change that by curating and displaying items that cost...

    Business Insider
  • What Stores Do With $90 Billion in Merchandise Returns

    Retailers rang up their strongest holiday sales since 2011, but now they have to figure out what to do with an estimated $90 billion in returned holiday sales of apparel, electronics and sporting goods.

  • Walmart in talks to buy more than 40 pct of India's Flipkart -sources

    MUMBAI, Feb 16 (Reuters) - Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to...

    Mail Online
  • Walmart’s cloud is enabling its development (WMT)

    BI Intelligence This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here. Many retailers rent from third-party services to meet their cloud needs, but Walmart has invested in its own servers and facilities to handle its computing itself, according to CNBC.See the rest of the story at Business Insider See Also:AI IN E-COMMERCE: How artificial intelligence can help retailers deliver the...

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  • Walmart is reportedly in talks to buy over 40% of one of India's largest e-commerce platforms (WMT, AMZN)

    Reuters/Ray Stubblebine Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Inc in Asia’s third-largest economy, two sources familiar with the matter said on Friday. In what would be one of its biggest overseas deals, the U.S. retailer is looking at buying new and existing shares in Flipkart and due diligence is likely to begin as early as next week, the sources said. They declined to be named as the talks were...

    Business Insider