Walmart

Business News: Walmart Guidance for Q3 Summary

BENTONVILLE, AR – Walmart Inc. raises its expectations for Walmart U.S. comp sales, excluding fuel, for the 52-week period ending Jan. 25, 2019.  Additionally, the company updates fiscal year 2019 GAAP EPS guidance and raises its fiscal year 2019 Adjusted EPS1 guidance due to the company’s performance year-to-date and outlook on the remainder of the … Continue reading Business News: Walmart Guidance for Q3 Summary

BENTONVILLE, Ark. | Swallowing $16B purchase of Flipkart, Walmart cuts outlook

BENTONVILLE, Ark. — Walmart trimmed its profit outlook citing this year’s $16 billion acquisition of the Indian online retailer Flipkart, its biggest deal ever. The company said on Tuesday that U.S. online sales growth would slow to 35 percent, from last quarter’s 40 percent growth. Since buying Jet.com for more than $3 billion two years … Continue reading BENTONVILLE, Ark. | Swallowing $16B purchase of Flipkart, Walmart cuts outlook

Girdles and socket wrenches: Sears was the Amazon of its day

Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America’s everything-under-one-roof store and the biggest retailer in the world. For generations of Americans, the brick-like Sears, Roebuck … Continue reading Girdles and socket wrenches: Sears was the Amazon of its day

NEW YORK | Risk of streaming fatigue as Walmart, AT&T, Disney join fray

NEW YORK— As Walmart, AT&T and Disney join stalwarts such as Netflix in streaming video and creating original shows, a reality sets in: Not all will survive. Over the past week, Walmart announced plans to partner with MGM Studios on original shows for Walmart’s video-on-demand service, Vudu, while AT&T’s WarnerMedia said it would create its … Continue reading NEW YORK | Risk of streaming fatigue as Walmart, AT&T, Disney join fray

NEW YORK | Risk of streaming fatigue as Walmart, AT&T, Disney join fray

NEW YORK— As Walmart, AT&T and Disney join stalwarts such as Netflix in streaming video and creating original shows, a reality sets in: Not all will survive. Over the past week, Walmart announced plans to partner with MGM Studios on original shows for Walmart’s video-on-demand service, Vudu, while AT&T’s WarnerMedia said it would create its … Continue reading NEW YORK | Risk of streaming fatigue as Walmart, AT&T, Disney join fray

Walmart News: some Walmart, Sam’s Club, will adjust hours due to Hurricane Michael

BENTONVILLE, AR – Due to Hurricane Michael’s impact on Florida and Alabama, some Walmart U.S. and Sam’s Club facilities will close or adjust hours of operation.  Visit your local Walmart’s Facebook page for hours of operation and additional information.  The safety of our customers and associates is always our primary concern. Walmart & Sam’s Club … Continue reading Walmart News: some Walmart, Sam’s Club, will adjust hours due to Hurricane Michael

NEW YORK | Walmart to buy online plus-size women’s brand Eloquii

NEW YORK — Walmart says it’s acquiring an online plus-size fashion brand called Eloquii Design Inc., continuing its buying spree of niche brands as tries to compete better with online leader Amazon.com Walmart declined to disclose the purchase price, but says the move will help it get a foothold into the $21 billion plus-size women’s … Continue reading NEW YORK | Walmart to buy online plus-size women’s brand Eloquii

VILNIUS, Lithuania | Lithuania wants Walmart to remove Soviet-themed shirts

VILNIUS, Lithuania — Lithuania has lashed out at retailing giant Walmart for using the letters USSR and Soviet Union emblems on T-shirts and other products for sale online, and is demanding that the goods be removed. The Baltic country was occupied by the Soviet Union from 1940 to 1941 and again from 1944 to 1990, … Continue reading VILNIUS, Lithuania | Lithuania wants Walmart to remove Soviet-themed shirts