BENTONVILLE, Ark. — Marc Lore, who helped spearhead Walmart’s ongoing transformation into a truly omnichannel retailer, is leaving the company on January 31. He will continue on as a strategic advisor until September, the company said. His departure comes as Walmart continues to face off with Amazon and a host of other retailers, including Target
BENTONVILLE, Ark. — Walmart is launching a fintech startup to develop financial service products designed specifically for its customers and associates. Walmart is partnering with Ribbit Capital, the company behind the Robinhood no-fee mobile investment app, on the new venture. Ribbit, which was founded in 2012, sees disrupting financial services as central to its mission.
BENTONVILLE, Ark. — Walmart is reaping success by effectively pursuing an omnichannel strategy that capitalizes on its formidable assets — including 4,700 stores and warehouse clubs in the United States — while investing heavily in innovation. It is not, however, a strategy limited to the U.S. Among Walmart’s international markets, Canada, Mexico and China in
CINCINNATI — Always and Walmart are teaming up with Olympic gold medal gymnast Laurie Hernandez on a campaign to encourage girls to stay involved in sports. Millions of girls quit participating in sports at puberty, losing a valuable opportunity to build skills and confidence that can help them succeed in other parts of their lives,
BENTONVILLE, Ark. — Walmart is hosting a livestream shopping event on the TikTok social media platform Friday that will let consumers purchase the retailer’s fashion apparel without leaving the app. “This first-of-its-kind livestream shopping experience will take place this Friday, Dec. 18 at 8 p.m. EST on the Walmart profile page on TikTok,” Walmart chief
BENTONVILLE, Ark. — Walmart has hired Dr. Cheryl Pegus as executive vice president of health and wellness. Pegus begins her new job December 21 and will report to John Furner, chief executive officer of Walmart U.S. “I am thrilled to welcome Dr. Pegus to the Walmart family to advance our efforts to continue exploring health
As 2020 finally and reluctantly gives way to 2021, the mass retail community is understandably optimistic about the year ahead. As background, much has changed, more perhaps than in any other 12-month period in the history of retailing in America. Foremost among these shifts in consumer shopping habits is the undeniable fact that online shopping,
BENTONVILLE, Ark.— Walmart is getting prepared to administer COVID-19 vaccinations across the country once they’re approved, the company’s chief medical officer Dr. Tom Van Gilder said Thursday. In a blog post on the company’s website, Dr. Van Gilder wrote the company is getting staff ready at its more than 5,000 stores and Sam’s Club pharmacies
BENTONVILLE, Ark. – Walmart is removing the $35 minimum on online purchases eligible for free shipping to members of its Walmart+ subscription service. The retailer introduced Walmart+ last summer as a subscription service priced at $98 a year and promising same-day delivery of groceries and general merchandise, as well as perks such as discounts on
BENTONVILLE, Ark. — Walmart has sought to be an entertainment option as well as a shopping venue during the pandemic, hosting drive-in movies and other events at its stores. The retailer is keeping that effort moving next month with a traveling holiday light show that using a fleet of drones to create an animated visual
CHICAGO — Two Walmart Supercenters here that were damaged during civil unrest in May have reopened with new health centers attached. “These last few months have been especially difficult for this great city, and it has done a remarkable job facing its challenges head on,” said Keith Wyche, Walmart vice president for community engagement and
BENTONVILLE, Ark. — Walmart’s comp-store sales in its U.S. division grew 6.4% in the third quarter, with gains across such key categories as general merchandise, health & wellness and food. Walmart U.S. eCommerce sales increased by 79% with strong results across all channels and contributed approximately 570 basis points to comp sales. Walmart’s total revenue