Walmart Stock Price, News & Analysis

Walmart's ninth annual Open Call for products made, grown, or assembled in the U.S. has a submission deadline of April 8. This sourcing event aims to support American jobs, backed by a $350 billion investment in U.S. products. For the first time, early access was offered to Marketplace sellers, resulting in over 2,000 registrations for more than 6,000 items. Participants will pitch their products to Walmart and Sam’s Club merchants, potentially leading to significant supply contracts. Entrepreneurs can find application details at Walmart-jump.com.

Walmart Health has opened five new health centers in Florida, starting in Jacksonville. This expansion addresses the healthcare access gap in the state, which has only one primary care doctor for every 1,380 residents. Services offered include primary care, dental, behavioral health, and telehealth options. These centers aim to serve the growing Florida population, which has seen a 13% increase from 2010 to 2019. The facilities will operate seven days a week to enhance accessibility, using Epic health technology for streamlined patient care.

Walmart Inc. (NYSE: WMT) has scheduled its Annual Shareholders’ Meeting for June 1, 2022, in a virtual-only format starting at 10:30 a.m. CDT. Shareholders can vote online, by mail, or phone before the meeting. The record date for eligible voters is April 8, 2022. Following the meeting, a traditional celebration for associates and shareholders will occur on June 3, beginning at 8 a.m. CDT, in Fayetteville, Ark., featuring entertainment and messages from leadership.

Walmart has launched its 9th annual Open Call event, inviting small businesses to pitch U.S.-made products. This year, over 2,000 companies registered to participate, marking a significant increase in interest. Applicants can opt for virtual or in-person meetings with merchants on June 28-29. Walmart aims to strengthen its commitment to supporting American jobs through a $350 billion investment in U.S. sourcing. The event also includes mentoring sessions to assist businesses in selling on Walmart's platforms. Applications close on April 8.

Walmart announced the expansion of its Baytown, Texas supply chain campus with a new 1,000,000+ square-foot distribution center, set to open in Fall 2022. This addition will create 300 permanent jobs and enhance Walmart's growing supply chain network, bringing the total campus size to over 5,000,000 square feet. Walmart employs over 185,000 associates in Texas and aims to improve local service efficiency. The hiring process for full-time positions is underway, offering competitive benefits including a 401(k) match and paid college tuition.

Walmart GoLocal has partnered with Delivery Solutions, enhancing delivery services for retailers and customers. This collaboration enables options like same-day and next-day delivery, improving the omnichannel shopping experience. Walmart GoLocal will leverage Delivery Solutions' technology to provide efficient delivery services, fulfilling consumer demand for fast and reliable options post-pandemic. The partnership aims to diversify Walmart's revenue streams and strengthen its commitment to customer service across various retail sectors.

Walmart plans to open a new 1.8M+ square-foot fulfillment center in Shippensburg, Pennsylvania, set to create up to 600 permanent jobs. This facility aims to enhance Walmart's supply chain and eCommerce capabilities, supporting the retailer's substantial growth, particularly in eCommerce, which reported a 70% increase over the past two years. The center is scheduled to open in Spring 2022 and will focus on faster shipping of everyday low-priced items. Full-time positions will include competitive benefits and training opportunities.

The collaboration between Walmart and British retailer Space NK aims to bring prestige beauty products to Walmart.com and nearly 250 stores this summer. The initiative, titled BEAUTYSPACE^NK, will launch on March 15, featuring over 600 curated products from 15 brands, including exclusive items. The partnership combines Walmart's scale with Space NK's expertise in beauty, offering consumers access to a variety of price points across skincare, makeup, and haircare. This move aligns with Walmart's strategy to enhance its beauty offerings and attract a broader customer base.

Walmart (NYSE: WMT) has relaunched its Walmart2Walmart money transfer service to Mexico, allowing customers to send money for as low as $2.50 per transaction, significantly undercutting competitors by at least 50%. This initiative targets unbanked and underbanked households, highlighting Walmart's commitment to affordable financial solutions. The program aims to facilitate the increasing demand for cross-border payments, with remittances to Mexico having risen over 27% in 2021. This service builds on Walmart's previous efforts and aims to enhance customer financial well-being.