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 announces the availability of the Pfizer COVID-19 vaccine for children aged 5 to 11 following FDA and CDC authorization. Starting this week, the vaccine will be administered at over 5,100 Walmart and Sam's Club pharmacies nationwide. This approval follows a thorough review of safety and efficacy data, with the vaccine being one-third the adult dosage. Parents can schedule appointments online, and the vaccination process involves two doses three weeks apart. Common side effects are mild to moderate, and the initiative aims to bolster community health amidst ongoing COVID-19 challenges.
Walmart and Sam's Club are launching the Elton John Eyewear collection, featuring stylish frames inspired by the musician's iconic career. The collection includes 60 unique frames priced between
RevolutionParts has entered an exclusive agreement with Walmart to sell OEM automotive parts on the Walmart Marketplace. This partnership will provide immediate access to hundreds of thousands of parts, tapping into the booming OEM parts eCommerce market, which grew by 30% last year. Walmart's commitment to enhancing customer experience is reinforced with dedicated pages for OEM parts, ensuring ease of search based on vehicle specifications. With Walmart's eCommerce business doubling over the past two years, this collaboration aims to enhance the shopping experience for automotive customers.
Walmart has voluntarily recalled approximately 3,900 bottles of Better Homes and Gardens-branded Essential Oil Infused Aromatherapy Room Spray due to the potential presence of hazardous bacteria. This recall, initiated on October 22, affects products sold in about 55 stores across 18 states and includes six scents. Walmart is committed to customer safety, offering full refunds and a $20 gift card for inconveniences. The company has contacted affected customers via email and other means to facilitate safe product returns.
Walmart (NYSE: WMT) has announced new initiatives to enhance equity in education, partnering with three Historically Black Colleges and Universities (HBCUs): Morehouse College, North Carolina A&T State University, and Spelman College. Through its Live Better U (LBU) program, Walmart extends full tuition coverage to associates, accommodating 1.5 million eligible employees. The company also committed $2.4 million to Jackson State University and $3 million through its Center for Racial Equity to support various educational grants and initiatives.
Walmart's Moosejaw is set to open its first physical store in Bentonville, Arkansas on October 21. The 6,000 sq. ft. location will employ nearly 20 associates and offer a wide range of outdoor gear from top brands like The North Face and Rocky Mountain. The store aims to meet the demand in a region known for mountain biking and outdoor activities. A grand opening event will be held from October 29-30.
This expansion aligns with Walmart's strategy to enhance its outdoor product offerings, complementing its robust online presence.
Walmart announced plans to build a new, high-tech grocery distribution center in Spartanburg County, South Carolina, set to open in 2024. This 720,000+ square-foot facility will create over 400 full-time jobs and is designed to process grocery perishables using advanced automation, robotics, and machine learning. The center aims to move twice the product of a traditional grocery DC, enhancing supply chain efficiency. This $450 million investment highlights Walmart's commitment to automation and strengthens the local economy, promising fresher products and improved service at stores.
Walmart announces its second annual "Black Friday Deals for Days" savings event, set to run throughout November, featuring early access for Walmart+ members. Customers can expect three major events starting on November 3, November 10, and November 24, offering significant discounts on electronics, toys, home goods, and more. The retailer emphasizes a safe shopping experience, aligning with CDC guidelines. Walmart aims to provide a larger inventory to meet customer demand, building on the success of last year's promotion, with fiscal year 2021 revenue of $559 billion.
Walmart Inc. (NYSE: WMT) announced that its Chief Technology Officer, Suresh Kumar, will participate in the KeyBanc Technology Leadership Forum on Thursday, Oct. 21, at 11:30 a.m. CDT. The discussion will be available via live webcast through www.stock.walmart.com. A transcript will be accessible after the event. Walmart continues to lead in sustainability and serves around 220 million customers weekly across 10,500 stores globally, with a fiscal year 2021 revenue of $559 billion.
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