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 has launched the Community Academy, a program offering free educational courses nationwide to empower individuals economically. Leveraging over 200 Walmart Academies, the initiative aims to enhance upward mobility and strengthen communities. Courses cover various topics, including resume building, budget management, and college admissions, and are facilitated by experienced Walmart Academy trainers. The program reflects Walmart's commitment to providing opportunities for personal and professional growth, with plans to expand course offerings throughout the year.
Service Finance Company and Sam's Club have launched the Sam's Club Home Install Experts™ program, connecting members with vetted home improvement contractors. Services include HVAC, roofing, and renovations. Members can benefit from a 10% discount off standard pricing and promotional financing options. Accessible via HomeInstallExperts.com or by calling 844-Savings, the program is available to all Sam's Club members in the U.S., excluding Hawaii and Puerto Rico. This initiative aims to simplify the home improvement process for members.
Service Finance Company and Sam's Club have launched the Sam's Club Home Install Experts™ program, connecting members with vetted home improvement contractors. The program offers services like HVAC, roofing, and kitchen renovations. Members can access a 10% discount off dealer pricing and promotional financing. This initiative aims to simplify the home improvement process for Sam's Club members, enhancing their ability to undertake renovation projects with trusted providers. The service is available in all states where Sam's Clubs operate, excluding Hawaii and Puerto Rico.
Walmart has introduced Walmart+ Rx for Less, a new prescription savings program for Walmart+ members. This initiative allows members to access select medications at zero cost and discounts of up to 85% on thousands of commonly prescribed drugs. The program aims to improve medication adherence while providing significant savings. Members can choose to use this program instead of their insurance by presenting a pharmacy savings card at Walmart locations. The service is administered by MedImpact and complements existing Walmart+ benefits including free delivery and fuel discounts.
Walmart and the Elton John AIDS Foundation have launched the "Breakthrough" initiative to combat HIV in the southern U.S. This three-year program aims to enhance access to HIV testing and education, focusing on communities with significant needs. Currently, 250,000 individuals in the South live with HIV without proper access to treatment, particularly affecting communities of color and the LGBTQ+ population. Walmart's commitment to health equity is underscored by this partnership, which seeks to address the urgent health crisis and work towards a future free from AIDS.
Walmart announced the closure of all U.S. store locations on Thanksgiving Day, November 25, to thank associates for their hard work during the pandemic. This decision was shared at the Associate Celebration meeting, attended by around 1,000 associates. This marks the second consecutive year Walmart has made this decision. The company has emphasized associate well-being, recently expanding access to counseling and extending its COVID-19 emergency leave policy. Walmart aims to provide time for associates to spend with their families during the holiday.
Walmart has launched an in-house developed app, Me@Walmart, for its U.S. associates, enhancing their work experience and efficiency. By year-end, Walmart will provide over 740,000 associates with new Samsung Galaxy XCover Pro smartphones to use the app. Key features include scheduling tools, mobile clock-in, communication solutions via push-to-talk, and a voice-activated assistant called Ask Sam. Walmart aims to streamline processes and improve customer service in an evolving retail landscape.
Walmart Inc. (NYSE: WMT) reported strong shareholder support during its Annual Shareholders’ Meeting, with 90.3% of outstanding shares represented. CEO Doug McMillon announced record sales of $560 billion, an increase of over $40 billion from the previous year. Shareholders approved the election of all 12 director nominees, with votes exceeding 97.5%. Additionally, 95% of shares voted in favor of executive compensation and 98.4% for the appointment of Ernst & Young as auditors. However, five shareholder proposals failed, with support ranging from 2.3% to 22.1%.
Sam's Club has re-launched its Taste & Tips sampling program, allowing members to sample food and review products during their visits. Initially available on weekends with safety measures, this program returns after being paused due to COVID-19 concerns. Sam's Club aims to enhance the shopping experience, as indicated by Chief Merchandising Officer Megan Crozier, highlighting an evolution in member preferences. The club will also feature a Member’s Mark Summer Eats Food Truck, touring central U.S. states, and will test new sampling approaches, including mobile events in-store.
Walmart (NYSE: WMT) announced that Judith McKenna, President and CEO of Walmart International, will speak at Deutsche Bank's 18th Annual dbAccess Global Consumer Conference on June 7 at 4 p.m. CET/10 a.m. EDT. The event will be streamed live via the 'Events' section at stock.walmart.com, with a transcript available afterward. Walmart continues to be a global leader in retail, serving approximately 220 million customers weekly across 10,500 locations worldwide, generating $559 billion in revenue for fiscal year 2021.
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