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US-based retail giant Walmart on Thursday reported a 10 per cent growth in its international business in the second quarter of FY26 in constant currency terms, helped by Indian e-commerce arm Flipkart along with the China market and Walmex. Walmart International, which operates in 18 countries outside the US, including India, had a "growth in net sales led by China, Walmex, and Flipkart", according to the earnings statement from the Bentonville-headquartered firm. Moreover, transaction counts and unit volumes were up across markets of Walmart International, it added. Walmex is the Mexican and Central American division of Walmart. Walmart, which follows February-January financial year, reported a USD 32.7 billion in sales from its international business, registering a growth of 10.5 per cent on constant currency terms. Its net sales were at USD 31.2 million, up 5.5 per cent. Walmart's overall revenue was at USD 177.4 billion, up 4.8 per cent year on year, and 5.6 per cent higher i
At least 11 people were stabbed at a Walmart in Traverse City on Saturday with six in critical condition in what the sheriff said appeared to be a random act. A suspect was in custody, authorities said. Eleven is 11 too many, but thank God it wasn't more, Grand Traverse County Sheriff Michael Shea told reporters. Emergency vehicles and uniformed first responders were seen outside the store following the incident. Tiffany DeFell, 36, who lives in Honor, about 25 miles from Traverse City, said she was in the parking lot when she saw chaos erupt around her. It was really scary. Me and my sister were just freaking out, she said. This is something you see out of the movies. It's not what you expect to see where you're living. Munson Healthcare said via social media that 11 people were being treated at the region's largest hospital in northern Michigan. Spokesperson Megan Brown said all were stabbing victims. Six were critical and five were in serious condition late Saturday, she ...
US retail major Walmart on Thursday said it is increasing its food and snack products sourcing by adding new popular Indian brands like Bikano, Britannia and Jayanti Spices for the US market ahead of Diwali. Bentonville-based retail giant Walmart has also set a goal of sourcing goods worth USD 10 billion from India annually by 2027. The announced lineup of new food and snack products will cater to Diwali celebrations. "Together, they will supply a diverse range of well-loved snacks and food products to Walmart's US customers," a statement said, adding that "offerings include premium tea, ready-to-eat and frozen foods, traditional snacks, spices, and festive packs". Products by India's leading food companies like Britannia and Bikano will be available this Diwali, while brands, such as Regal Kitchen and VAHDAM, are already available to the Walmart US customer, it noted. Jayanti Spices and Hyfun Foods currently have products under Walmart's Great Value brand. Walmart, Executive Vic
Walmart has unveiled plans to dive further into the world of artificial intelligence -- and drones -- to improve its customers' shopping experiences. In a Tuesday keynote at trade show CES in Las Vegas, the nation's largest retailer announced that it would be expanding its drone delivery to 1.8 million additional households in the Dallas-Fort Worth metropolitan area later this year. Drones aren't new to Walmart -- which has already completed 20,000 drone deliveries across seven states to date -- but company leaders say that this expansion displays growing demand and efficiency. Walmart executives said no other rival has gotten this close to this type of drone concentration of households in a big metro market. Among AI advances, Walmart announced a generative AI-powered search experience for iOS customers, which suggests relevant products for consumer queries ranging from football watch parties to bridal showers. The company also provided a glimpse into InHome Replenishment, which ...