Walmart Inc. - WMT STOCK NEWS

Walmart has integrated its InHome delivery service into the Walmart+ membership, providing a streamlined option for customers. This change allows members to access all delivery services from one platform, meeting customer demand for convenience. InHome delivery is expanding to new markets including Miami and San Francisco, potentially reaching over 30 million households by year-end. Members can add InHome delivery for $7 monthly or $40 annually, resulting in a total of $138 per year, which is a $10 reduction compared to separate memberships.

Walmart hosted its ninth annual Open Call, where over 1,100 businesses presented products made, grown, or assembled in the U.S. Preliminary results show more than 330 deals were struck to sell these products in Walmart and Sam's Club locations, with 280 additional businesses in ongoing discussions. Walmart has committed a total of $600 billion towards U.S. manufacturing since 2013, supporting over 750,000 jobs. This year, Walmart introduced early-access applications, attracting over 4,500 entrepreneurs, nearly 60% of whom identified as diverse-owned.

Walmart has announced its agreement to acquire Memomi, an augmented reality optical tech company, enhancing its optical care offerings. Since 2019, Memomi has provided digital measurements in over 2,800 Walmart Vision Centers and 550 Sam’s Clubs. This move is part of Walmart's strategy to integrate technology for better health care access, fulfilling customer demand for digital services. The acquisition is expected to close soon, with Memomi's team joining Walmart's Global Tech organization, supporting the expansion of their virtual optical try-on capabilities.

The Federal Trade Commission (FTC) has filed a civil lawsuit against Walmart, claiming fraud linked to another company under government oversight. Walmart asserts that the FTC's case lacks basis and is an overreach of authority. The company emphasizes its commitment to anti-fraud measures, which have saved consumers around $6 billion in money transfer fees. With FY 2022 revenues of $573 billion and a workforce of approximately 2.3 million, Walmart continues to lead in retail and sustainability efforts.

Walmart GoLocal expands its white-label delivery services in collaboration with Local Express, enabling independent food retailers to offer same-day and next-day delivery. This partnership enhances delivery capabilities for businesses in major cities like Chicago, Miami, and Arlington, Texas. With over 500 onboarded stores, Local Express aims to modernize e-commerce for specialty food retailers while leveraging Walmart's extensive delivery infrastructure. The initiative aligns with rising consumer demand for reliable online ordering and delivery services.

Walmart and Roku have partnered to create a unique shopping experience through TV streaming, allowing viewers to purchase products directly from ads on Roku's platform. The collaboration aims to enhance consumer interaction by enabling immediate purchases at the moment of inspiration, bypassing traditional shopping methods. Utilizing Roku Pay, the checkout process is simplified, with payment details pre-populated. This initiative positions Walmart as a pioneer in integrating e-commerce with TV streaming, promising to evolve as more commerce opportunities are explored.

Walmart has launched an exclusive home collaboration with Miranda Lambert, named Wanda June Home, featuring over 80 affordable kitchen, bar, and home décor items priced between $12.97 and $170, most under $30. Inspired by Lambert's family legacy and Southern hospitality, the collection includes tabletop essentials and fun barware. This partnership aims to elevate Walmart's home offerings and expand its exclusive product lines. Customers can shop the collection exclusively at Walmart.com.

Walmart will host its ninth annual Open Call event on June 28-29, inviting nearly 1,200 small and mid-sized businesses to pitch their products. This year marks the largest group of participants, with over 60% identifying as diverse-owned. Each business will have a 30-minute one-on-one meeting with Walmart merchants to discuss potential product placements across stores, including Walmart.com. Additionally, Walmart is committed to investing $350 billion in U.S. products over the next decade, underscoring its dedication to American jobs.