Walmart Inc. saw soft holiday sales in apparel and toys during the fourth quarter, though e-commerce turned in another strong performance. In a Nutshell: “In Q4, we saw strong performance in the U.S. with e-commerce and Sam’s Club, plus strength in Mexico, India and China. We started and finished the quarter with momentum, while sales leading up to Christmas in our U.S. stores were a little softer than expected,” president and CEO Doug McMillon said. While the quarter started
Walmart bucks the retail second-quarter blues with omnichannel approach. Walmart.com on Thursday posted solid second-quarter financial results, suggesting that the retail sector — including brick-and-mortar stores — may have some life. Not all of Walmart’s results were positive. Profits in the three months ended July 31, 2019, declined $861 million to $3.6 billion. But the bottom line still topped Wall Street analyst expectations and the retail behemoth raised its outlook for
Walmart is expanding its tests of driverless cars as a way to get online grocery orders to shoppers’ homes more quickly. The big-box retailer is now piloting a program to use Udelv autonomous-driving vans to deliver fresh groceries in Surprise, Arizona. “We want to make sure we stay on the cutting edge of grocery delivery by exploring what’s new and next,” Tom Ward, senior vice president of Walmart’s digital operations in the U.S., said Tuesday in a blog post. Walmart has alr
One of the leading cause of concerns in this age of the internet is private social media platforms like Facebook, Google Plus, etc. who have been accused of leaking user data, and infringing the privacy of its users in the last few years. If companies spying on users on internet wasn’t enough, we have got more in real life as well. Today, Walmart was granted a patent for a new listening system for its retail stores, as the Verge reports. Getting eavesdropped while shopping? –
The retail giant polarizes consumers in a way that Amazon doesn't, writes WD Partner's Lee Peterson. It simply didn't make sense at first blush: About half the people said they loved Walmart; the other half said they don't. Even more confounding, such sharp customer polarization often hinged on the same metric: Customer service. How did the world's largest retailer manage to measure up to half the people, even as it failed the other half? Better yet, what would help them turn
Walmart has announced a slew of changes to benefit its holiday shoppers, starting by expanding the range of products available for free two-day shipping without a membership fee, as well as launching the ability to return these items at any of its 4,700 stores. Changes will begin to launch on a rolling basis in November.
In an announcement on its website, the retail chain said customers will see "millions of additional items with the two-day free shipping label as we work
Walmart is acquiring plus-sized online retailer, Eloquii. The big box retailer has been building up its online business since acquiring Jet.com in 2016. It also owns ModCloth, Bonobos and Allswell. Walmart is adding to its online coterie of brands with its acquisition of plus-sized online retailer, Eloquii. The big box retailer, which announced the acquisition on Tuesday, has been building up an online collection of labels since its roughly $3 billion acquisition of Jet.com i
Walmart's Jet.com is getting a makeover. Moreover, Jet customers in New York will now have new grocery delivery options. Jet is also announcing a new partnership with Nike, similar to when Jet became an authorized Apple reseller earlier this year. Walmart is redesigning its lagging Jet.com digital shopping site with more merchandise, faster delivery and a slew of other upgrades in a bid to compete more effectively against Amazon. Traffic was waning on Jet.com, which Walmart p
Walmart is bulking up its apparel brands in stores and online to compete with Amazon, Target and others. The new clothing line with Ellen DeGeneres, called EV1, will roll out in Walmart stores and online next month, with all items priced under $30. Walmart is partnering with Ellen DeGeneres on a new clothing line as the retailer looks to bulk up its apparel brands in stores and online to compete with the likes of Amazon and Target. The move builds on Walmart's partnership wit
India’s antitrust regulator on Wednesday approved U.S. retail giant Walmart Inc’s $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc in the fast growing market. Betonville, Arkansas-based Walmart announced in May it was acquiring about 77 percent of Flipkart for roughly $16 billion, the biggest deal in India’s ecommerce sector, which Morgan Stanley has estimated will grow close to an annual $200 billion in a decade.
The yet-to-be named line will target Gen Z consumers. NEW YORK, United States — Walmart is developing a basics brand set to rival the likes of Everlane, BoF has learned. The yet-to-be named, direct-to-consumer apparel label will come out of the big box behemoth’s brand incubator, according to two people with firsthand knowledge of the matter. (The team operates out of a WeWork near Union Square.) Like Allswell, Walmart’s direct-to-consumer mattress brand that launched in Febr
Sprint executive chairman and former CEO Marcelo Claure on Friday tweeted out an announcement that the mobile carrier is "expanding into 700 Walmart stores." The nature of the tie-up is unclear at the moment, and Walmart didn't immediately respond to Retail Dive's request for more information around the reported partnership. Sprint was previously a partner in a co-branding partnership with RadioShack, helping the struggling electronics dealer run about a third of its brick-an
A new web experience for baby items rolls out Thursday on Walmart.com. Walmart has been adding more items to its baby assortment online. The retailer said more people have been searching for baby and/or nursery items on its website within the past year. Walmart is making a bigger push in the baby business just weeks after the last Babies R Us store went dark. Starting Thursday, shoppers will see a revamped landing page on Walmart's website for baby items — everything from cri
U.S. retailer Walmart Inc on Thursday said it has not decided to sell its Japanese supermarket chain Seiyu and would continue to develop its business in Japan. On Wednesday the Nikkei business daily reported Walmart would sell the supermarket chain and had approached major retailers and private equity funds, with a deal likely to raise $2.7 billion to $4.5 billion.
“Walmart has not made a decision to sell Seiyu. We are not in any discussions with prospective buyers, and we
The warehouse is slated to open in the Bronx neighborhood this fall. The center will only handle Jet deliveries, not Walmart orders, to start. Walmart acquired Jet.com roughly two years ago to target more urban markets and millennial shoppers. Walmart's Jet.com is testing same-day grocery delivery in New York, as it dials up its efforts in the battle for online customers. The retailer announced Tuesday that it will open up a fulfillment center in the Bronx for Jet.com, the e-
Walmart Inc said late Wednesday it is introducing a 3D virtual shopping tour on its website that would help customers browse and choose items for their homes. The new feature would enable customers to take a virtual shopping tour of a curated apartment showcasing about 70 items from national brands, besides Walmart’s private label offerings.
Starting from July, the company said it would allow customers to add a group of items to a cart that will provide a complete look for
Walmart has boosted wages, set ambitious sustainability goals and is pledging to promote more women into senior leadership -- but Americans are still souring on the iconic brand. While the retailer’s sales have improved thanks to less-cluttered aisles and a push into e-commerce, its image is lagging. After a recent peak in 2016, when the company said it would invest billions in stores and online to win back customers, public perception has declined for two straight years, acc
Walmart has been churning out a lot of ideas behind the scenes. The big box retailer recently published a slew of patent filings that could reshape the shopping experience as we know it. While there's no guarantee any of these ideas will actually be brought to life, they offer a glimpse into Walmart's vision for the future of retail. Here are six of Walmart's recently published patent filings: 1. Smart shopping carts This filing shows a shopping cart paired with a sensing dev
A first-quarter beat was not enough for Walmart's stock to bounce. One trader sees positive signs in its technicals that could bring about a rebound instead. "Walmart is at a critical spot," said Frank Cappelleri, senior equity trader at Instinet, on CNBC's "Trading Nation" on Wednesday. Shares of the world's largest retailer have seen a four-month rate of change of nearly negative 20 percent, he points out. That kind of decline is one so rare it's only happened twice in the
Walmart says U.S. online sales grew 33 percent. U.S. same-store sales were up 2.1 percent, beating estimates of 2.0 percent. Sam's Club same-store sales were up 3.8 percent, driven by comparable traffic growth of 5.6 percent. Walmart on Thursday reported fiscal first-quarter earnings that beat expectations on the top and bottom lines, as its e-commerce business rebounded. After a disappointing e-commerce performance last quarter, Walmart said U.S. online sales grew 33 percent