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 (NYSE: WMT) released its 2021 Annual Report and Proxy Statement ahead of the virtual Annual Shareholders' Meeting on June 2, 2021. The report highlights Walmart's resilience during the pandemic, noting a fiscal year 2021 revenue of $559 billion and significant investments in associates, including $1.6 billion in bonuses. The company aims to enhance its digital experience and diversity in the workforce while tackling societal challenges. Shareholders can vote on 12 director nominees and several proposals during the meeting, which will be fully virtual due to COVID-19.
Walmart has announced the addition of the BinaxNOW COVID-19 Antigen Self Test to their product offerings, available for $19.88. This test kit includes two tests and provides results in just 15 minutes. Currently, Walmart administers COVID-19 vaccines at over 5,100 locations and operates more than 500 testing sites nationwide. These efforts are part of Walmart's commitment to improving community health during the pandemic. The BinaxNOW test is authorized by the FDA under emergency use but has not been fully cleared.
Walmart Inc. (NYSE: WMT) will hold its Annual Shareholders’ Meeting virtually on June 2, 2021, at 10:30 a.m. CDT, due to the COVID-19 pandemic. Shareholders can vote electronically before and during the meeting. The record date for voter eligibility is April 9, 2021. Walmart has canceled its traditional Associate Celebration at Bud Walton Arena but will host a virtual celebration on June 4. The company reported fiscal year 2021 revenue of $559 billion and employs over 2.3 million associates worldwide.
Walmart Inc. (NYSE: WMT) announces that Kathleen McLaughlin, executive vice president and chief sustainability officer, will speak at the Cowen 2nd Annual Consumer Platforms for the Next Generation Summit on April 6 at 11:20 a.m. EDT. This session will be available via live webcast on Walmart's investor relations site, with a transcript to be archived afterward. Walmart operates about 10,500 stores across 24 countries and serves approximately 220 million customers weekly, showcasing its leadership in sustainability and corporate responsibility.
The application process for Walmart's eighth annual Open Call is now open, inviting entrepreneurs to pitch products made in the U.S. for a chance to meet with buyers on June 30, 2021. The deadline to apply is April 30. This event aligns with Walmart's commitment to spend an additional $350 billion on U.S.-made products, potentially creating over 750,000 jobs. Participants can secure opportunities ranging from local market promotions to distribution across thousands of stores and online.
Walmart is enhancing digital health access for customers by offering a secure way to retrieve COVID-19 vaccine records. Using the SMART Health Cards standard, Walmart allows individuals vaccinated at its locations to access and share their vaccination status through apps like Health Pass by CLEAR and TCP’s CommonHealth. This initiative aims to empower people with control over their health data while facilitating safer participation in activities. The program aligns with Walmart’s commitment to quality healthcare and supports a smooth transition back to normal life post-pandemic.
Walmart has partnered with acclaimed fashion designer Brandon Maxwell as Creative Director for its exclusive fashion brands, Free Assembly and Scoop. This collaboration marks a significant move in Walmart's private brand apparel strategy, enhancing its offerings with stylish and affordable clothing options. Maxwell will oversee four seasonal collections annually and aims to make high-quality fashion accessible to all. Additionally, he has designed exclusive face masks, with Walmart donating $100,000 to DonorsChoose.org to support public school teachers.
Walmart Inc. (NYSE: WMT) has appointed Randall Stephenson, the former Chairman and CEO of AT&T, as a new board member, effective March 3. This brings the total number of board members to twelve. Walmart's Chairman, Greg Penner, highlighted Stephenson's extensive experience in finance, technology, and brand management as beneficial for the company’s future retail strategies. Stephenson expressed his admiration for Walmart's adaptability during the health crisis and aims to help the company achieve its vision of becoming the leading omni-retailer globally.
Walmart Inc. (NYSE: WMT) announced that John Furner, its President and CEO, will participate in the Bank of America 2021 Consumer & Retail Technology Conference on March 11 at 11:30 a.m. EST. The event will be streamed live via the company's website, with an archived transcript available afterward. Walmart, which had a revenue of $559 billion in fiscal year 2021, operates around 10,500 stores globally and serves approximately 220 million customers weekly. The company is also noted for its commitment to sustainability and corporate philanthropy.
FAQ
What is the current stock price of Walmart (WMT)?
What is the market cap of Walmart (WMT)?
What does Walmart Inc. do?
Where is Walmart headquartered?
How many stores does Walmart have globally?
What is Walmart’s annual revenue?
How many customers does Walmart serve each week?
What recent changes have been made to Walmart’s credit card partnerships?
What sustainability initiatives does Walmart support?
How many associates does Walmart employ worldwide?
Where can I find more information about Walmart?
What is Walmart's strategy for maintaining its market position?
