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Walmart Inc. (WMT) maintains its position as a global retail leader through strategic operational updates and market-moving developments. This dedicated news hub provides investors and industry observers with timely access to Walmart's official announcements, financial disclosures, and strategic initiatives.
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Walmart (NYSE: WMT) is constructing a new 1,000,000+ square-foot fulfillment center in Olive Branch, Mississippi, aimed at enhancing its logistics and eCommerce capabilities. This facility, expected to open in Spring 2022, will create around 250 permanent jobs in the Memphis region. Walmart's fulfillment centers are designed to expedite delivery, with eCommerce sales rising 8% in Q3 of FY22 and 87% over the last two years. The investment is anticipated to bolster the local economy significantly, as stated by Gov. Tate Reeves.
Sam's Club, a division of Walmart (NYSE: WMT), is launching its first big game advertisement featuring Kevin Hart to promote its Scan & Go service. This initiative comes after Sam's Club reported a seventh consecutive quarter of double-digit comparable sales growth, with membership reaching an all-time high. The 30-second ad will air during the fourth quarter of the big game, highlighting the VIP shopping experience available to members. Sam's Club aims to leverage this high-profile exposure to increase brand awareness and engage a diverse audience.
Walmart plans to expand its InHome delivery service from 6 million to 30 million U.S. households by the end of 2022. To facilitate this growth, the retailer will hire over 3,000 associate delivery drivers and establish a fleet of all-electric delivery vans, aligning with its zero-emissions logistics goal for 2040. The InHome service, which allows trained associates to deliver groceries directly into customers' homes, costs $19.95 per month. Walmart also emphasizes employee benefits, including increased hourly wages and educational opportunities.
Walmart and Sam's Club pharmacies are now authorized to dispense two FDA-approved COVID-19 antiviral medications, Paxlovid and Molnupiravir. These medications are available at select locations based on state assessments, requiring prescriptions from healthcare providers. The rollout aims to enhance treatment access nationwide, especially in areas with high demand. Walmart has collaborated with federal and state health departments to identify necessary locations. Customers can use the store locator on Walmart's website to find availability.
Veriteque USA has launched its Verifique brand on Walmart Marketplace as a newly registered Seller. The company is listing two flagship products: the Verifique Cannabis Detection Test and the Verifique Fentanyl+ Detection Test, both manufactured in the USA. CEO Bobby Betros expressed excitement about the partnership, noting Walmart's eCommerce platform's potential to broaden Verifique's reach. The launch aims to empower parents, educators, and business owners with reliable detection tools to maintain safety in their communities.
Chico's FAS has partnered with Walmart GoLocal to provide fast delivery for its fashion brands, including Chico's, White House Black Market, and Soma. Launching in select markets like Chicago and Fort Myers, the service aims to cater to online shoppers during the holiday season, enabling delivery in as little as two hours. This marks a significant step in Chico's digital transformation and enhances customer convenience, aligning with Walmart's strategy to diversify revenue streams and expand its delivery services nationwide.
Walmart has announced the establishment of its first fulfillment center in Salt Lake City, Utah, spanning over 1,000,000 square feet. This facility aims to enhance Walmart's growing eCommerce operations and is set to open in Summer 2022, creating approximately 450 new full-time jobs. The center will facilitate faster shipping for online orders from Walmart.com, with eCommerce sales having increased by 8% in Q3 FY22 and 87% over the past two years. Walmart operates multiple distribution centers and retail stores in Utah, supporting local employment and economic growth.
Walmart announced the opening of a new 925,000 square-foot automated fulfillment center in Lebanon, Tennessee, set to open in Fall 2022. This facility aims to enhance Walmart's eCommerce operations and create up to 300 permanent jobs. Featuring a blend of AI technology and automated robotics, the center is designed to expedite order processing and improve customer experience. Walmart currently operates several facilities in Tennessee and emphasizes its commitment to community engagement.
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