Welcome to our dedicated page for Walmart news (Ticker: WMT), a resource for investors and traders seeking the latest updates and insights on Walmart stock.
Walmart Inc. (NYSE: WMT) is a leading American multinational retail corporation headquartered in Bentonville, Arkansas. Renowned for its chain of hypermarkets, discount department stores, and grocery stores, Walmart is the largest retailer in the United States. Since the opening of its first supercenter in 1988, Walmart has grown to operate over 4,600 stores nationwide and more than 10,000 stores globally.
Walmart's business strategy revolves around offering the lowest priced goods to consumers, driving robust store traffic and high product turnover. The company provides a convenient one-stop shopping experience, ensuring superior operating efficiency. In fiscal 2024, Walmart reported over $440 billion in domestic sales, with its subsidiary Sam's Club contributing an additional $86 billion. Internationally, Walmart generated $115 billion in sales. Serving approximately 240 million customers globally each week, Walmart employs around 2.1 million associates worldwide.
Walmart continues to emphasize sustainability, corporate philanthropy, and employment opportunities, making significant strides in these areas. The company leverages advanced technology to enhance its omnichannel retailing, allowing customers to shop in-store, online, and via mobile devices seamlessly.
Recent Achievements and Developments:
- Walmart Inc. and Capital One Financial Corporation recently ended their exclusive credit card issuing agreement. Despite this change, current cardholders can continue to earn and redeem rewards, with Capital One retaining ownership and servicing of the credit card accounts.
For more information, visit Walmart's official website at corporate.walmart.com, or follow their updates on social media platforms, including Facebook, Twitter, and LinkedIn.
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
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
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.
Chevron has entered into agreements to supply renewable natural gas for a demonstration of Walmart's heavy-duty trucks integrated with Cummins' new 15-liter natural gas engine. The collaboration aims to help Walmart achieve its goal of zero emissions by 2040. Chevron will link the renewable natural gas to compressed natural gas for the trucks, sourced from biomethane produced from organic waste. This partnership highlights Chevron's commitment to decarbonization and sustainable energy solutions for fleet operators.
The Investor Group, holding approximately 4.5% of SpartanNash shares, seeks to elect three independent director candidates to enhance board expertise in food distribution and retail. Proxy advisors ISS and Egan-Jones endorse the nominees, including Michael Lewis and John Fleming, emphasizing their industry experience. The Investor Group argues that the current board has overseen poor performance and needs fresh perspectives to drive long-term value creation. They urge shareholders to vote on the BLUE Proxy Card to facilitate this change.
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