Walmart Stock Price, News & Analysis

Sam's Club, a division of Walmart (NYSE: WMT), has launched a nationwide rollout of Inventory Scan, enhancing its robotic scrubbers with a new scanning technology developed by Brain Corp. This initiative represents the largest tech deployment by Brain Corp, marking a significant advancement in inventory management. The new cloud-connected towers will provide real-time data on pricing accuracy, stock levels, and planogram compliance, optimizing store operations and improving the shopping experience for members.

Walmart and Plenty Unlimited Inc. have formed a strategic partnership involving a $400M equity investment from Walmart as part of Plenty's Series E funding, subject to regulatory approval. This collaboration aims to utilize Plenty's indoor farming technology to supply fresh produce to Walmart stores, starting with leafy greens sourced from Plenty’s Compton farm in California. Walmart becomes the first major U.S. retailer to invest significantly in vertical farming, reinforcing its commitment to sustainability and providing customers with high-quality, pesticide-free produce year-round.

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.