Walmart

Walmart CEO Doug McMillon to retire, insider John Furner named top boss

McMillon, 59, will be replaced by U.S. division chief CEO John Furner, 51, a veteran with three decades at the company

Walmart suspends H-1B hiring amid Trump's new $100,000 visa fee hike

Walmart has paused hiring workers needing H-1B visas after the Trump administration introduced a $100,000 fee, creating uncertainty for employers and foreign employees

Walmart pauses job offers to candidates requiring costly H-1B visas

The Trump administration last month slapped a $100,000 fee for new H-1B applications in a bid to overhaul the visa programme and curb overuse

Walmart-backed Flipkart to invest $30 million in fintech unit Super.money

Super.money is a fintech unit of Flipkart which was launched in 2024. In less than a year, it has now become the fifth-largest UPI app in India, handling 275 mn transactions

Flipkart appoints ex-Google executive Balaji Thiagarajan as CTPO

Flipkart has named Balaji Thiagarajan, an industry veteran with 25 years' experience at Google, Microsoft, Uber and Yahoo, as its new chief technology and product officer

Alvarez & Marsal plans to triple global capability centre staff in India

BENGALURU (Reuters) -Consulting firm Alvarez & Marsal plans to nearly triple its global capability centre staff in India to 2,000 by the end of 2028, a top executive told Reuters, joining a growing league of firms seeking to tap talent in the world's most populous nation.

Flipkart Minutes bullish on festive demand as quick-commerce uptake rises

Flipkart Minutes, the quick-commerce service of Walmart-owned Flipkart, on Monday said it is upbeat about the festive season prospects, after witnessing strong buying sentiments during Raksha Bandhan, Independence Day sales, and Janmashtami, as customers increasingly lean on instant deliveries amid festivities and celebrations. The platform, which marked one year of operations, said it has recorded 50 per cent month-on-month growth, clocked over 50 million unique visitors since its launch in August 2024. Flipkart Minutes said it is doubling order volumes every 45 days, and is also halfway to the target of launching 800 dark stores across the country. As Flipkart Minutes enters the second year of operations, the focus is on strengthening technology backbone, expanding into new cities that are witnessing increased demand for quick commerce, deepening partnerships with brands and enhancing the overall customer experience. Flipkart Minutes Vice President Kabeer Biswas told PTI, "We ...

US retail sales rise 0.5% in July on strong auto demand, major promotions

Retail sales rose 0.5% last month after an upwardly revised 0.9% gain in June, the Commerce Department's Census Bureau said on Friday

Walmart to cut hundreds of store-support, training roles in latest revamp

The company cut corporate jobs earlier this year and asked other workers to relocate to its headquarters in Bentonville, Arkansas, or to Sunnyvale, California

Walmart tests dark stores closed to public to speed up online delivery

Faster delivery is a key priority area for Walmart, as shoppers are increasingly paying more to get their purchases faster

Walmart reaffirms commitment to hike India sourcing to $10bn by 2027

Walmart CEO Doug McMillon says the firm's sourcing from India is expanding beyond limited categories as it doubles down on MSME empowerment and digital growth

Working with suppliers to reach $10 bn sourcing from India: Walmart CEO

US-based retail giant Walmart is working with suppliers in India to meet its target of sourcing USD 10-billion goods from India for its operations worldwide, its global CEO Doug McMillon said here on Tuesday. Walmart has increased sourcing from India over the years, and it is excited with the progress made, he said. "....over the years, you can see how the story is unfolding, and it's really broadening and becoming much more interesting," he said. In December 2020, the Bentonville-headquartered retail giant announced a goal to source USD 10-billion products from India by 2027, aiming to boost exports in apparel, food, toys, and other categories. "At the beginning, we were sourcing products here with limited categories, but we were excited to get started... look what's happened in our sourcing business. "It's grown a lot, and now we have this goal of getting to USD 10 billion a year, which is a really big number, and together with the supplier community, we're working to achieve th

PhonePe eyes $1.5 billion IPO, draft papers likely by early August

Kotak Mahindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley have been enlisted to manage PhonePe's IPO

Walmart to add 100K MSMEs in next 3 years under Vriddhi supplier programme

US-based retail giant Walmart will connect one lakh more MSMEs in the next three years to its supplier development programme in India, a company official said here on Thursday. The programme, Walmart Vriddhi, has partnered with Ideas to Impact Foundation (i2i), which will enable more MSMEs to expand their access to both national and international markets, helped by the combined strengths of Walmart's global supply chain and Flipkart's e-commerce capabilities. "As we approach the next phase of the Walmart Vriddhi programme, we are very excited to announce today that going forward we have partnered with Ideas to Impact Foundation to empower an additional 1,00,000 MSMEs over the next three years," Jason Fremstad, Senior Vice President of Supplier Development - Sourcing at Walmart International, said. This will also help the Bentonville-headquartered retail company amplify its sourcing of goods from India for its global operations, for which it had earlier set a goal of exports worth US

India remains key strategic market for global brands: Myntra CEO Sinha

After launching in Singapore, Myntra Global sees rising engagement, strong order values and repeat customers while focusing on the Indian diaspora and Gen Z users

Walmart's Flipkart secures RBI approval for direct lending in India

The central bank issued its certificate of registration - a document that officially recognises a company as an NBFC - to Flipkart Finance Private Limited on March 13

India a huge opportunity in ecommerce: Walmart executive Kathryn McLay

The retail giant is supporting Flipkart's quick-commerce push and applying global best practices to scale digital operations and tap India's booming online retail space

Adidas, Shein, Walmart to hike product prices in US after Trump's tariffs

Some retailers in the US have cautioned that they won't, as Trump suggested, eat the additional costs caused by the increased import taxes

Domicile shift key to aligning with India's economy, rules: Flipkart CEO

Flipkart CEO Kalyan Krishnamurthy highlights growth, AI investment, IPO plans, and the company's legal domicile shift to India to better align with the country's economy and regulations

Walmart slashes 1,500 jobs in technology team amid reorganisation push

Walmart's plan will affect teams in its global operations, e-commerce fulfilment in US stores and its advertising business. It is the largest US private employer with about 1.6 million employees