Walmart Store

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

Flipkart and China businesses lift Walmart's sales numbers in Q2FY26

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

11 injured, 6 critical in stabbing at Michigan Walmart; suspect held

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 ...

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

Why Walmart is cutting scores of jobs, relocating employees to main offices

Last year, Walmart instructed employees in Dallas, Atlanta, and Toronto to relocate to larger hubs, with most transitioning to the company's headquarters in Bentonville

Walmart to roll back diversity policies amid pressure from conservatives

The retailer will scale back racial equity training, stop participating in rankings by an LGBTQ advocacy group and review its support for Pride and other events

Walmart expands snack sourcing from India for US market ahead of Diwali

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 joins hands with Burger King to offer discounted deals to members

Walmart's members can avail discounts at Burger King, including 25 per cent off on any digital order every day, the company said

Walmart seeks to raise $3.74 bn in sale of JD.com stake, term sheet shows

Walmart said in a statement that JD.com had been a valued partner over the past eight years, and the US retailer was committed to a continued commercial relationship with the Chinese e-commerce giant

US retailers rush holiday imports, fearing strikes & disruptions in Red Sea

Container imports and freight rates surged in July, signaling an earlier-than-usual peak season for the ocean shipping industry that handles about 80 per cent of global trade

Google, Amazon, Walmart seeks to join RBI'S digital currency project

Google Pay and Amazon Pay are payments applications offered by Alphabet Inc's Google and Amazon.com, respectively, that facilitate retail payments over India's widely used Unified Payments Interface

Nvidia's Huang now richer than every member of Walmart's founding family

Huang's net worth jumped to $91.3 billion Thursday, bumping him up three spots on the Bloomberg Billionaires Index to become the 17th-richest person in the world

Walmart shares surge, market value hits $500 billion as results impress

Its shares climbed 7 per cent, the most since March 2020, to close at an all-time high of $64

Retail giant Walmart to fire hundreds of corporate staff, relocate others

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

Flipkart bets big on generative AI to improve customer, seller experience

Datar believes that, as the company builds scale, it will be able to improve on the returns on investment (ROI) it is witnessing from its AI bets

Walmart experiments with AI to enhance customers' shopping experiences

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 ...

AI, cloud services disrupting retail industry: Experts at Walmart event

Today's consumers expect options in products, pricing, payments and delivery, and technology powers transformations across each

Walmart shares seen gaining 30% in next year after $100 bn rally: Report

Walmart is expected to report fiscal second-quarter results before the market opens August 17

India can repeat UPI success in e-commerce: Walmart CEO Doug McMillon

'We talk about India in every board meeting'

Walmart laying off hundreds of employees to better prepare for future

Retail giant Walmart is laying off hundreds of employees at its e-commerce facilities across the US as part of an adjustment in staffing "to better prepare for the future needs of customers"