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
PLANO, Texas — Walmart plans to open add FedEx Office departments, which offering printing, shipping and other services, to 500 of its U.S. stores in the next two years. The move follows a successful pilot program involving 47 stores in six states. “Our busy customers view our stores as a one-stop-shop for all the products
WASHINGTON — More than two dozen retail companies — including Walmart, Costco Wholesale Corp., Dollar Tree Inc. and Target Corp. — sent a letter on Monday to President Trump urging him to refrain from imposing tariffs on China and alleging that American families would be hurt by such a move. In a separate letter to
BENTONVILLE, Ark. — Walmart announced on Wednesday plans to expand its online grocery delivery option to more than 100 metro areas by year’s end, when the program will be accessible to more than 40% of U.S. households. Groceries can be delivered to customers as soon as the same day. Customers pay a $9.95 fee for
BENTONVILLE, Ark. — George Riedl, senior vice president at Walmart and president of the Walmart Health and Wellness division, is leaving the company. A Walmart spokeswoman said Wednesday that Riedl, a key pharmacy executive at the retail giant, is slated to depart on March 16. The company didn’t say if a successor had been named. A
BOSTON — According to a new study by global e-commerce analytics firm Profitero, Walmart’s online grocery prices are edging closer to Amazon’s, with only a slim gap separating prices between the two retailers. In the report, “Price Wars: Grocery, Household and Beauty,” Profitero analyzed pricing for 21,000 products in grocery, beauty and household supplies, and
BENTONVLLE, Ark. — Walmart on Tuesday reported $136.3 billion in revenue in its fourth quarter, an increase of 4.1% from a year earlier. For the full fiscal year 2018, the company had revenue of $500.3 billion, a 3% increase from the preceding year. The company said comparable-store sales at its U.S. stores rose 2.6% in
MUMBAI — Walmart is in talks to buy a stake in Indian e-commerce company Flipkart, Thomson Reuters reported today, citing sources familiar with the matter. Walmart is reportedly eyeing a stake of 40% or more in India’s largest online marketplace. An investment from Walmart would give Flipkart muscle in its battle with Amazon.com, which has
NEW YORK — Walmart plans to share more data with its suppliers in an effort to keep its inventories lean while ensuring that customers can find the products they want on store shelves. But the retailer will also fine suppliers who don’t consistently deliver merchandise on time. The company said its On Shelf Customer Availability (OSCA)
NEW YORK — Walmart is increasingly becoming a technology company, seeing its transformation into an omnichannel retailer as critical to its continued growth. But Walmart president and chief executive officer Doug McMillon insists that retailing is still a people business, and “our people will ultimately be the way that we win.” McMillon spoke about people