Walmart Stock Price, News & Analysis

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.

Walmart has pledged to invest $350 billion in U.S. manufacturing over the next decade to create over 750,000 new American jobs. This expansion builds on their previous commitment of $250 billion made in 2013. Key areas of focus include textiles, plastics, and food processing. The initiative aims to reduce 100 million metric tons of CO2 emissions and foster sustainable manufacturing practices through the new "American Lighthouses" concept, uniting various stakeholders. The announcement has received bipartisan support from local officials.

Walmart is enhancing its Express delivery service by removing the $35 minimum order requirement, effective immediately. This change aims to facilitate faster access to essential items for customers. Express delivery, available in nearly 3,000 stores and covering almost 70% of the U.S. population, charges a fee of $10 in addition to existing delivery costs. The service, supported by a team of 170,000 trained personal shoppers, allows customers to quickly obtain items such as groceries and household goods without price markups.