BENTONVILLE, Ark. — Walmart on Friday reported fiscal first quarter income of $2.1 billion on a 4.4% increase in revenue, to $122.7 billion, thanks largely to a jump in online grocery sales. Walmart’s digital sales increased 33% in the quarter ended April 27. The company projects online sales will increase 40% for the full year.
BENTONVILLE, Ark. — Walmart announced Wednesday that it has taken a 77% stake in Flipkart, India’s largest online retailer. The $16 billion investment, the largest Walmart has ever made in an outside business, gives the retailer a leading position in the growing market of 1.3 billion people and a chance to blunt Amazon’s drive to
BENTONVILLE, Ark. — Sharecare, the digital health company helping people manage all their health in one place, and Walmart have announced a strategic partnership aimed at improving the health and wellbeing of the retail giant’s associates and their families and friends, as well as the people living in the communities in which their stores operate.
BENTONVILLE, Ark. – In an effort to continue to be part of the solution to the nation’s opioid epidemic, Walmart is introducing new policies, programs and tools aimed at curbing opioid misuse and abuse. These initiatives apply to all Walmart and Sam’s Club pharmacies and pharmacists in the United States and Puerto Rico. Walmart supports policies and programs
BENTONVILLE, Ark. — Walmart plans to merge its Asda unit in the United Kingdom with J. Sainsbury PLC, in a move that would unseat Tesco PLC as the country’s top retailer. Asda currently ranks No. 3 in market share, and Sainsbury is No. 2. Under the terms of the deal, Walmart would have a 42%
BENTONVILLE, Ark. — Walmart plans to roll out a redesigned website that makes it easier for shoppers to reorder items, monitor the status of current orders, discover products that are trending locally and learn about services available at nearby stores. The upgraded website is personalized based on a user’s local Walmart store. Shoppers can expect
NEW YORK — Walmart and Humana are discussing ways to forge a closer health care partnership, including a possible acquisition of the health insurer. The potential deal, which was first reported by The Wall Street Journal, comes on the heels of other brewing mega-mergers, including CVS Health’s planned acquisition of Aetna Inc., as well as
BENTONVILLE, Ark. — Since Doug McMillon took over as president and chief executive officer of Walmart, the pace of change within the world’s largest retailer has accelerated dramatically. And the pace of transformation is not quick enough for the CEO, who began his career at Walmart as an hourly associate in a distribution center. “It’s
BENTONVILLE, Ark. — Walmart announced on Tuesday the launch of Walmart2World, a global money transfer service featuring money orders from MoneyGram International Inc., the nation’s largest provider of money orders. Walmart is MoneyGram’s money transfer and money order agent, accounting for more than 20% of its business. The move builds on the retailer’s domestic money transfer
NEW YORK — Walmart and health insurer Humana are in early talks regarding a possible merger, according to a report in The Wall Street Journal on Friday. WSJ says it isn’t clear what terms the companies may be discussing, and the story said there is no guarantee they will strike a deal. However, if they
BENTONVILLE, Ark. — Walmart has tapped Tesco PLC veteran Simon Belsham to serve as president of Jet.com, effective immediately. Belsham will oversee all operations, including the unit’s online grocery and general merchandise business, Marc Lore, president and chief executive officer of Walmart eCommerce U.S., said in a memo to employees. “With Jet Grocery being an
BENTONVILLE, Ark. — Walmart announced that it is expanding its online grocery delivery service to 100 metropolitan areas by the end of the year, making the service available to more than 40% of U.S. households. The move represents an escalation of the competition among some of the nation’s largest retailers to develop a viable online