BENTONVILLE, Ark. — Walmart is reportedly close to making a deal that would put men’s apparel retailer Bonobos Inc. under the umbrella of its Jet.com e-commerce unit. The negotiations were reported by technology website Recode, which cited unnamed sources with knowledge of the matter. Bonobos, based in New York, sells men’s suits, dress shirts, outerwear,
BENTONVILLE, Ark. — Walmart will begin offering consumers discounts when they order certain online-only items and pick them up at a store instead of having them delivered to their homes. The discounts will come on top of the fact that consumers don’t have to pay shipping costs on their online orders when they pick them
BENTONVILLE, Ark. — Stepping up its battle against Amazon.com Inc., Walmart is piloting an “endless” toy aisle in selected Texas stores. The retailer has deployed touchscreens in toy departments to link shoppers to all inventory. Products that are not in stores can be ordered online. “We’re testing how to interact with the customer differently, understanding
SHELTON, Conn. — Walmart holds the largest share of the personal care market among all retailers, according to TABS Analytics. Meanwhile, CVS Pharmacy and Walgreens have helped make rewards programs consumers’ preferred vehicle for getting deals on personal care items, the 2017 TABS Personal Care Study found. In the $40 billion personal care market, Walmart has
Walmart appears to be recovering from the doldrums that surrounded it for the past two years. New, younger, revitalized management, a course correction that successfully abandoned a set of policies and procedures that never captured the hearts and minds of Walmart shoppers, and a return to the basics that had long guided Walmart customers have
Walmart recently reported financial results for the fourth quarter and full year. The world’s largest retailer turned in a mixed performance, with sales gains coming at the expense of lower profits. On the plus side of the ledger, companywide revenue for fiscal 2017 rose 0.8% to $485.9 billion, and operating cash flow hit a record
BENTONVILLE, Ark. — Walmart plans to launch new pharmacy and money services functions in its mobile app that will take advantage of new “express lanes” coming to its stores. Walmart said Tuesday that the express lanes will give customers a “new store experience” by enabling them to skip its traditional checkout lines. Meanwhile, the new
BENTONVILLE, Ark. — Walmart’s U.S. business accelerated in the fiscal fourth quarter, with domestic same-store sales posting their biggest increase since 2012. It was the 10th consecutive quarter of same-store sales growth for Walmart, which also said global e-commerce sales surged during in the three months ended January 31. Walmart said it earned $3.76 billion,
NEW YORK — Walmart plans to streamline its buying process so that the same merchants can purchase products for the retailer’s stores and its web site, according to published reports. The move should help Walmart leverage its considerable buying power to make its online offering more compelling to consumers. The new approach will mean that
SAN BRUNO, Calif. — Walmart customers in the U.S. can now get free two-day shipping on their Walmart.com purchases, without a membership fee. The new free shipping option, which is seen as sharpening its competition with Amazon.com Inc.’s popular Amazon Prime service, replaces Walmart’s previous Shipping Pass two-day shipping program, which required shoppers to pay
BENTONVILLE, Ark. — Walmart is realigning its top management to have several executives oversee both online and in-store operations. Chief marketing officer Tony Rogers will now take on online and digital marketing efforts, including for Jet.com, according to an internal company memo cited by The Wall Street Journal. Jeremy King, head of the WalmartLabs engineering
BENTONVILLE, Ark. — Karenann Terrell, executive vice president and chief information officer for Walmart, is leaving the company effective February 24. Walmart said it expects to announce new technology leadership soon. Terrell joined Walmart in 2010 as executive vice president of information systems, and she was promoted to chief information officer in February 2012. In