Walmart Inc. finally gave the U.S. retail sector some good news. The company brushed off the industry鈥檚 disappointing December sales with its best holiday quarter in at least a decade, soothing concerns about the sector鈥檚 outlook for 2019. Comparable sales for Walmart stores in the United States 鈥 a key performance barometer 鈥 rose 4.2% in the quarter that included Christmas, beating analysts鈥 estimates by a full percentage point.
February 19, 2019walmart News Updates
Walmart Wants to Expand Reach in Online Advertising
Walmart Inc. is big in almost every way 鈥 4,755 stores, 1.5 million employees and $380 billion in revenue in the United States alone. But one part of the world鈥檚 largest retailer remains minuscule. 鈥淲e have a tiny ad business,鈥 CEO Doug McMillon told investors in October. 鈥淚t could be bigger.鈥
February 11, 2019Amazon Cuts Deal to Unfreeze Suspended Product Listings in India
Amazon.com resurrected thousands of suspended product listings in India by selling much of its stake in top local venture partner Cloudtail, a hastily arranged deal intended to comply with stringent new e-commerce regulations that upended the market.
February 7, 2019Amazon, Walmart Reel as India Curbs Plunge Market Into Chaos
Amazon.com鈥檚 and Walmart Inc.鈥檚 grand plans for India were thrown into chaos Feb. 1 after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year.
February 1, 2019Walmart Revamps Employee Sick-Leave Policy
Walmart Inc. is making sweeping changes to its employment policies this month, granting paid sick leave to hourly workers in the United States, and, at the same time, possibly making it easier to fire those who miss too many shifts.
February 1, 2019Google鈥檚 Bid to Battle Amazon Suffers Blow As Walmart Withdraws
Walmart Inc. has quietly withdrawn from one of Google鈥檚 marquee efforts to challenge Amazon.com in e-commerce.
January 25, 2019Walmart Says It Needs 900 More Truckers This Year, Hikes Pay
Walmart is raising trucker salaries in its push to hire 900 more drivers this year across the United States, including Texas, where it has a big concentration of large distribution centers where empty trucks get filled.
January 23, 2019India Crackdown on Amazon, Walmart Seen Hurting Online Shoppers
India鈥檚 new rules for foreign e-commerce platforms may be designed to protect local companies from Amazon.com聽and Walmart Inc., but consumers are likely to suffer the collateral damage.
December 28, 2018Walmart Expands Offerings in Bid to Stay in Retail Race With Amazon
NEW YORK 鈥 Walmart may be bruised by Amazon, but it鈥檚 learning how to fight back.
November 16, 2018Warren Buffett Bids Farewell to Walmart After 20 Years as Amazon Reigns
Buffett鈥檚 Berkshire Hathaway Inc. has sold its last Walmart Inc. shares, according to a filing Nov. 14, ending a relationship that dates more than two decades.
November 15, 2018Trending
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