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.
Sam's Club (WMT), Synchrony (SYF), and Mastercard (MA) have launched a new rewards program for Sam's Club Plus members that provides up to 5% back on eligible purchases. Members earn 3% back using their Sam's Club Mastercard in-store or online, plus an additional 2% from their Plus membership. Other benefits include 5% cash back on fuel, 3% on dining, and contact-free payment options. The program, effective January 27, 2021, aims to enhance value for members during evolving shopping habits, with rewards accessible digitally each February.
Walmart is prepared to facilitate a significant vaccine rollout, executing plans to offer vaccinations seven days a week at pharmacies and through community events. They aim to deliver 10-13 million doses monthly when supply allows. With over 5,000 pharmacies in the U.S. and Puerto Rico, Walmart focuses on underserved areas and collaborates with community organizations for vaccination events. Additionally, while encouraging associates to get vaccinated, Walmart does not mandate the vaccine nor provide incentives. The retailer remains committed to supporting public health efforts during the pandemic.
Walmart (NYSE:WMT) and Western Union (NYSE:WU) have announced a partnership to offer Western Union money transfer services at over 4,700 Walmart locations in the U.S. starting in spring 2021. This collaboration aims to provide customers with enhanced financial services, including both domestic and international money transfers, bill payments, and money orders. With this agreement, Walmart customers will benefit from Western Union's extensive global network, facilitating money transfers to more than 200 countries and territories, reinforcing Walmart's commitment to financial inclusion and customer convenience.
Walmart Inc. (NYSE: WMT) will hold a virtual meeting with the Investment Community on February 18, 2021, starting at 7 a.m. CST. The meeting will cover the company's fourth quarter financial results for fiscal 2021 and strategic priorities, followed by a Q&A session. Financial results will be released at approximately 6 a.m. CST on the same day and will be available on Walmart's corporate website. In fiscal year 2020, Walmart reported a revenue of $524 billion, with over 265 million customers visiting its stores weekly.
Walmart has announced the creation of a new fintech startup in partnership with Ribbit Capital, aimed at providing innovative and affordable financial solutions. This venture will harness Walmart’s retail expertise and Ribbit’s fintech knowledge to enhance financial services for customers and associates. Majority-owned by Walmart, the new company will have a board including Walmart leadership and plans to expand through industry partnerships and acquisitions. Walmart will continue offering existing financial services while focusing on delivering tech-driven financial experiences.
The Walmart Foundation is granting Feeding America $12 million over two years to combat food insecurity affecting 1 in 6 Americans due to COVID-19. This funding aims to expand food assistance access through the Order Ahead app and enhance food distribution capacity among food banks. Since February, Walmart has donated 480 million pounds of food and over $55 million in grants to hunger-relief efforts. Additionally, local Walmart stores are actively partnering with non-profits to address the surge in hunger needs during the holiday season.
Walmart has announced over $700 million in additional cash bonuses for its U.S. associates, recognizing their contributions during the pandemic. This includes $319 million in quarterly bonuses paid on Nov. 25 and an estimated $388 million in a special cash bonus to be distributed on Dec. 24. Eligible associates, approximately 1.5 million, will receive $150 for part-time and $300 for full-time roles. This marks the fourth special bonus since the pandemic began, bringing total bonuses in 2020 to over $2.8 billion. Walmart is also extending its COVID-19 Emergency Leave policy through July 5, 2021.
Walmart announces the expansion of Walmart+ benefits starting December 4, removing the $35 shipping minimum for members on Walmart.com orders. This enhancement aims to bolster Walmart+'s appeal during the holiday season, making it a more attractive membership program. Members will also continue to enjoy free next-day and two-day shipping on all Walmart items. Additionally, the retailer is increasing fuel discount locations, now including over 2,000 Walmart fuel stations and Sam’s Club locations. Walmart+ membership costs $98 annually or $12.95 monthly, with a 15-day free trial.
Walmart has appointed Dr. Cheryl Pegus as Executive Vice President, Health & Wellness, effective December 21. She will lead the company's healthcare initiatives, reporting to CEO John Furner. Dr. Pegus comes from Cambia Health Solutions and has extensive experience in clinical strategy and health equity. Walmart's health & wellness division includes over 4,700 pharmacies and 3,400 Vision Centers, emphasizing affordable healthcare. The company's notable initiatives include free health screenings offered during quarterly wellness days and a $4 generic drug program, demonstrating a commitment to accessible care.
Walmart Inc. (NYSE: WMT) is set to participate in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 2, 2020. Doug McMillon, the company's CEO, will lead a live webcast discussion starting at noon EST, available on Walmart's investor relations website. Post-event, a transcript will be archived online. Walmart serves over 265 million customers weekly across 11,400 stores worldwide and reported $524 billion in revenue for FY 2020. The company emphasizes sustainability and corporate responsibility in its operations.
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