WALMART news and archive

Walmart lifts US wages in stores again amid tight labor market

Walmart announced Tuesday it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector. The retail giant, the biggest private employer in the United States, is boosting the pay range at US stores to between 14 and 19 dollars an hour from the prior...

Business

Walmart invests in on-demand drone delivery service

Retail giant Walmart has announced its investment in DroneUp - a nationwide on-demand drone delivery service. The news comes following a trial between the two companies last year which saw the delivery of at home covid-19 self-collection kits. The trail successfully completed hundreds of safe drone deliveries from Walmart stores. John Furner,...

Retail

Gap reveals first-ever home essentials to be available at Walmart

American fashion retailer Gap has announced its first-ever brand of home essentials - Gap Home. The launch will be exclusively available at Walmart, featuring over 400 products including home décor, tabletop, bedding, and bath. The Gap Home collection includes quality materials like denim and chambray with unique finishes. The brand also...

Business | Featured

Walmart buys virtual fitting room Zeekit for an undisclosed sum

The largest world’s retailer keeps true to its commitment to growing digital with their latest acquisition: Zeekit. The Israeli-based virtual fitting room startups will help Walmart’s push into fashion and caters to online shoppers. The company published an update on their website where their U.S.’s executive vice president of apparel and...

Business

Walmart files notion to stop Yeezy trademark

A sparkling logo has ignited a dispute between Walmart and Kanye West’s Yeezy brand. Walmart last week filed a notion to oppose Yeezy’s trademark with the request to refuse its mark application which the fashion sportswear brand filed in early 2020. The trademark in question resembles the sun’s rays and is is characterised by eight dotted lines...

Business

H&M and PVH supply chains could be hit by Suez blockage

When the Ever Given ship was refloated at the end of March its 6-day delay caused a backlog of 370 ships according to Reuters. The congestion will have a rolling effect on supply chains, which may be felt for months to come. Insights from S&P Global suggest U.S. East Coast imports from western India, Sri Lanka, Pakistan and the Middle East are...

Business

India, el nuevo destino favorito de abastecimiento de Walmart

Walmart ha anunciado que triplicará sus exportaciones de productos de la India, con un objetivo de 10.000 millones de dólares por año para 2027. El anuncio está en línea con los esfuerzos en curso del gigante estadounidense como sus programas de desarrollo de proveedores Flipkart Samarth y Walmart Vriddhi. Se espera que este importante respaldo...

Business

Walmart bids on India as its preferred sourcing market

Walmart has announced that it will triple its exports of goods from India, aiming at 10 billion dollars per year by 2027. The announcement is in line with ongoing efforts including its Flipkart Samarth and Walmart Vriddhi supplier development programs. This major endorsement of India’s manufacturing is expected to boost micro, small and...

Business

Walmart sells Asda in 6.8 billion pound deal

British supermarket giant Asda has been sold by Walmart to two billionaire brothers and private equity firm TDR Capital in a 6.8 billion pound (8.8 billion dollar) deal. Under the new ownership structure, Mohsin and Zuber Issa and TDR Capital have acquired a majority ownership stake in the retailer, while Walmart will retain an equity investment...

Retail

Walmart preps for increased online shopping ahead of holiday season

Walmart is expecting increased online shopping for the 2020 holiday season and has made preemptive moves to prepare. The retailer has plans to hire over 20,000 seasonal associates in its e-commerce fulfillment centers across the country. The U.S. retailer has closely watched changing consumer behaviors over the past six months of the pandemic,...

Business

Walmart sells two digital brands

Retail Dive has reported that Walmart has made deals to sell off two of its digital brands, Shoes.com and Bare Necessities. Walmart originally acquired Shoes.com for 9 million dollars in 2017 and has now sold it off to private equity firm CriticalPoint Capital. Bare Necessities is being sold to Israeli company Delta Galil Industries. The details...

Business

Walmart confirms teaming up with Microsoft on TikTok deal

Walmart Inc. has issued a statement confirming discussions with Microsoft involving ByteDance Ltd.’s TikTok service in the United States. The retail giant said: “We believe a potential relationship with TikTok U.S. in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve...