Walmart

Walmart eyes 100-bps+ hit in Q3 sales from Flipkart shifting of BBD sales

US-based retail giant Walmart has said the timing shift of the 'Big Billion Days' sales event of its Indian e-commerce arm Flipkart in FY27 will create a headwind in the third quarter, while it will provide a corresponding boost in the fourth quarter. Walmart said it expects a headwind of more than 100 basis points to third-quarter sales growth due to the shift in timing of Flipkart's Big Billion Days event between the third and fourth quarters. "For Q3 sales guidance, we expect a headwind of over 100bps to growth related to a timing shift of Flipkart's Big Billion Days between Q3 and Q4," said the Bentonville, Arkansas-headquartered retail giant in its earnings statement for the second quarter. Though Flipkart has yet to officially announce the date for its "Big Billion Days 2026" on its homepage, according to some reports, it is expected to start on September 23, 2026, with early access for Plus members on September 22, 2026 and is likely to run through October 2, 2026. Last year

Walmart reports rare sales miss as consumers cut spending, shares fall

"When fuel prices increase and get above $4, perhaps there's a psychological impact ‌to that ... consumers are making trade-offs," CFO John David Rainey said

Flipkart set to enter online food delivery with Bengaluru pilot next month

Bengaluru pilot in August as firm expands its consumer ecosystem

Flipkart approves second employee stock sale after meeting board milestones

The Walmart-owned ecommerce company will allow eligible employees to cash out up to 5 per cent of vested stock options at Rs 713.4 apiece, with payouts scheduled for August

Reserve Bank of India issues compounding order in Myntra Designs FEMA case

Walmart-owned online fashion retailer paid Rs 2.88 lakh to settle alleged contraventions related to overseas investment reporting and commitments

Walmart sticks to conservative annual targets, shares decline 7%

Walmart maintained cautious annual targets despite strong sales growth, sending its shares down over 7 per cent

Flipkart deploys AI tools to scale small-town sellers across India

Walmart-owned Flipkart is using AI-powered dashboards and regional-language support to help Tier 2 and 3 sellers expand nationally ahead of a planned IPO

India one of most dynamic opportunities in global commerce: Walmart CEO

India represents one of the most dynamic opportunities in global commerce, from where it has sourced goods worth USD 40 billion so far, said US-based retail giant Walmart Inc President and CEO John Furner. Walmart, which had earlier announced to source goods from India worth up to USD 10 billion per year by 2027, is focusing on strengthening entrepreneur and supplier capabilities. "We have already sourced more than USD 40 billion in goods from India and are focused on strengthening entrepreneur and supplier capabilities, raising compliance and quality standards, and helping scale manufacturing so more Indian businesses are ready to export," said Walmart Inc President and CEO John Furner. Under its Vriddhi initiative, which is designed to support MSMEs in modernising, expanding, and reaching their domestic ambitions, the company has supported the growth of over 1.15 lakh entrepreneurs. It is helping them to raise their compliance and quality standards, and to scale manufacturing so

Walmart CEO Furner visits India, addresses Flipkart townhall, may meet PM

Walmart chief executive officer John Furner is on his first India visit as CEO and highlighted the relevance of speed and growth in this market during a Flipkart townhall

Flipkart unifying technology under 'OneTech' as IPO window nears

The Walmart-backed firm is rebuilding its tech stack under 'OneTech', adopting AI-first systems and strengthening governance as it prepares for a potential IPO as early as next year

Flipkart Group CFO Sriram Venkataraman quits; Nishant Verman rejoins as SVP

E-commerce major Flipkart on Friday said its Group Chief Financial Officer (CFO) Sriram Venkataraman will be stepping down from his role. Venkataraman will remain with the company "for a period of time" to ensure continuity and a smooth transition, a company statement said. During this interim period, Ravi Iyer, CFO of Flipkart, will oversee the broader finance organisation, the statement added. Alongside the top-level transition, the Walmart-backed firm announced the appointment of Nishant Verman, who is rejoining the company as Senior Vice President, Corporate Development and Partnerships. Verman returns to Flipkart following his entrepreneurial venture, Bzaar, a cross-border exports platform. He has previously worked with Microsoft's Corporate Development team and in tech investment banking at Morgan Stanley. Established in 2007, the Flipkart Group includes companies such as Flipkart, Myntra, Flipkart Wholesale, Cleartrip, and super.money.

Flipkart's holding firm back home after Press Note 3 nod for Tencent

Flipkart has completed shifting its holding company from Singapore to India, removing a key hurdle for a potential domestic listing as it strengthens governance and readies for an IPO

Walmart-backed PhonePe targets up to $10.5 billion valuation in IPO

Walmart will trim its stake in PhonePe by about 12 per cent in the firm's initial public offering, while Tiger Global and Microsoft plan to exit their stakes, according to the firm's IPO filing

Amazon becomes world's largest company by annual sales, dethrones Walmart

Walmart is having more success developing its e-commerce operation than Amazon is having in creating a physical stores business despite its 2017 acquisition of Whole Foods Market

Myntra appoints Pramod Adiddam as Chief Technology Officer

Walmart-owned fashion e-commerce platform Myntra on Saturday announced the appointment of Pramod Adiddam as its Chief Technology Officer (CTO), effective immediately. Adiddam takes over the technology leadership role following the departure of Raghu Krishnananda, who served as the Chief Product and Technology Officer (CPTO) for over five years before leaving the organisation in April 2025. In his new role, Adiddam will oversee Myntra's overall technology strategy, focusing on innovation, long-term platform elasticity and technical capabilities to support the organisation's scale and momentum, Myntra said in a statement. Adiddam brings over two decades of experience in building and operating large consumer-facing platforms. Before joining Myntra, he held senior leadership roles at Google and Instacart, where he led global engineering teams across platform development and marketplace expansion. Commenting on the appointment, Myntra CEO Nandita Sinha said, "Technology underpins Myntra

Walmart becomes first retailer worth $1 trillion: What powered the growth | S&P 500 | Business news

Walmart has crossed a $1 trillion market capitalisation, becoming the first retailer in the world to do so. The milestone reflects its rapid digital expansion, growing e-commerce

Walmart's New CEO asks employees to air pain points in first memo

In his first companywide memo since taking over on Feb 1, Furner said he had a "simple ask: Tell me one thing that slows you down or makes it harder to do your job"

Walmart becomes first retailer worth $1 trn: What it means and what's next

Walmart's entry is significant because trillion-dollar valuations are usually linked to technology firms

Walmart, Tiger Global to offload stakes worth ₹10k cr in PhonePe IPO

PhonePe shareholders -- Walmart, Tiger Global and Microsoft Global Finance will offload stakes worth around Rs 10,115 crore through the company's forthcoming IPO, according to updated draft papers of the fintech firm. The IPO is entirely an Offer-for-Sale (OFS) by existing shareholders. The company will not be raising any additional primary capital in the Initial Public Offering (IPO). PhonePe promoter WM Digital Commerce Holdings Pte will sell 45,942,496 of 3,71,517,890 shares or about 0.12 per cent stake in the company through the OFS valued at Rs 1,996.8 per share, based on the weighted average cost of acquisition per equity share. Singapore-based WM Digital Commerce Holdings Pte. Ltd is the Walmart-controlled promoter entity of PhonePe. Tiger Global PIP 9-1 will sell 10,39,160 shares, and Microsoft Global Finance Unlimited Company will offload 36,78,790 shares. The total shares to be offloaded through the OFS are valued around Rs 10,115.87 crore based on the weighted-average

Centre to start recovery of taxes from Tiger Global after top court ruling

The US-based investment firm's substantial sale of Flipkart's stake to Walmart Inc. was one of the largest exits by a foreign investor in the Indian e-commerce sector