Walmart to shutter Portland locations just months after CEO’s warnings on crime
Walmart is shutting down its only two locations in Portland, Oregon, citing financial reasons. Walmart CEO Doug McMillon previously warned rampant crime could lead to store closures.
Walmart CEO plans to stay in role at least three more years
With Doug McMillon, Walmart’s 56-year-old CEO, planning to stay in the role, the company has more time to name a successor at a complex time for the retail industry.
Walmart nearly doubles number of health care centers
Walmart announced that its nearly doubling the footprint of its health centers by next year. This includes expanding into two new states and deepening its investment in Texas.
Sam’s club adding distribution centers to speed up online fulfillment
To compete with Amazon and Costco in the fulfillment space, Walmart's Sam’s Club plans to open 30 more stores that will include space to handle more e-commerce orders.
AMC's Walmart-exclusive at-home popcorn deal diversifies from theaters
AMC Entertainment on Tuesday unveiled the Walmart-exclusive upcoming launch of its at-home popcorn products, a move that helps diversify it from movie theaters.
Walmart sells Moosejaw to Dick's Sporting Goods
Dick’s Sporting Goods will purchase outdoor outfitter Moosejaw from Walmart for an undisclosed amount.
Walmart CEO on food inflation: Some is 'stubborn, mid-double digit'
Executives at Walmart on Tuesday provided their observations on food inflation the company has been seeing as they discussed the retail giant's fourth-quarter earnings.
Walmart curbs losses despite company’s ‘cautious’ 2023 outlook
The worlds largest retailer, Walmart, lowered its economic outlook on concerns about margins as consumers shop for bargains in a high inflationary environment.
Walmart sees weaker 2023 results, cautious on economic outlook
Walmart investors have been keenly eyeing the retailer's efforts to negotiate better prices from its suppliers and ward off competition from rivals such as Target Corp.
Wall Street awaits Walmart’s inflation update
Walmart earnings ahead of the opening bell on Wall Street Tuesday expected to be inflation barometer as company calculates consumer staple sales from quarter.
Walmart closing three tech hubs, asking employees to relocate
Walmart is closing three of its tech hubs less than a year after announcing that global tech was "doubling down on our greatest asset" by adding more hubs and team members.
Are Super Bowl ad buyers good for shareholders?
U.S. markets usually do not react to the Super Bowl ads, but in 2023, inflation and looming recession have retail traders buying commodities, ETFs and consumer staple stocks like Pepsi, Coca Cola, Walmart and Proctor & Gamble.
Warning issued for baby stroller sold at major retailers after death, injury reported
The Consumer Product Safety Commission, in conjunction with Baby Trend, posted a warning notice regarding the Baby Trend Sit N’ Stand Strollers after a child died.
Walmart makes breaking up more bearable
Walmart is selling a Valentine's Day bear that's seemingly dedicated for couples who are having a rocky time. The company says it's the perfect 'humorous' gift.
Walmart rolling out 'upscale' stores with new designs, upgrades
Walmart is reimagining it's stores with updated technology, interactive design, and a better customer experience.
Consumers could be in a 'world of hurt' if Biden doesn't act soon, former Walmart CEO warns
Former Walmart CEO and President Bill Simon discusses the mass amount of layoffs that are occurring across various corporate industries in the U.S.
CVS, Walmart cut pharmacy hours as pharmacist shortage persists
CVS and Walmart are cutting back and adjusting pharmacy hours as the companies try to combat the ongoing staffing shortages that have affected the industry.
Sam's Club to open over new 30 clubs across the US
Sam's Club announced Thursday that it will deepen its physical footprint by opening up more than 30 new clubs across the nation and new distribution and fulfillment centers.
Walmart hiking wages for US employees
Walmart U.S. announced Tuesday the company is raising wages for its associates across the nation, which it expects will bring its average hourly rate above $17.50.
Walmart 'shocked' after Indiana suspect opens fire at store where he once worked
Walmart said Friday that the company is "shocked" after a former Evansville, Indiana, employee started shooting late Thursday night at the store where he once worked.