Walmart has reportedly held talks with potential buyers of the medical clinics it closed in April. Health insurance companies have been among those potential buyers, but it is not clear if any talks are still ongoing, Reuters reported Tuesday (July 2), citing a paywalled article...
Walmart’s sales in the current quarter won’t be as strong as they were in the previous quarter, Walmart Chief Financial Officer John Rainey reportedly said Tuesday (June 25). Speaking at the Bank of America London Investor Conference, Rainey said the current quarter, the second quarter,...
Walmart is following up its just-finished summer savings event with another one weeks later, as the retailer looks to compete with Amazon’s Prime Day to capture consumers’ increased demand for seasonal sales. Walmart announced Monday (June 24) an upcoming savings event, “Walmart Deals,” slated to...
Walmart will relaunch its private-label fashion brand No Boundaries in stores and online July 16. Aimed at young adults, the No Boundaries brand has been refreshed by a Generation Z-focused design team, the retailer said in a Thursday (June 13) press release. “Refreshing our private...
Walmart’s India-based eCommerce marketplace and payments company aren’t quite ready to go public. “This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, told Reuters last week in reference to the company’s marketplace Flipkart...
Walmart will hold its members-only event, Walmart+ Week, June 17 to 23. The event will feature seven days of offers and savings available to Walmart+ members, the retailer said in a Thursday (May 30) press release. “Additionally, we’re introducing our first-ever mystery offer, set to...
Walmart reportedly encountered a pricing issue that affected 1,600 of its stores across the United States in March. The internal system failure resulted in widespread mispricing, with some items being sold at incorrect lower prices and others at higher prices, Bloomberg reported Wednesday (May 29). While...
Walmart has introduced an expanded take on its Neighborhood Market stores. The retail giant is in the midst of opening or converting more than 150 stores in the next five years, including two new Neighborhood Markets in the Dune Lakes area of Santa Rosa Beach, Florida, and...
Walmart’s grocery business is reportedly benefiting from the high price of fast food. The retailer’s chief financial officer, John David Rainey, told CNBC Thursday (May 16) that it’s “roughly 4.3 times more expensive” to buy a meal at a quick-service restaurant (QSR) than it is to purchase the...
