Page 11 - Walmart

Walmart cuts full-year profit forecast as fuel, labour costs spike

Shares tumbled 6.5% to $138.51 in premarket trading, dragging down those of rival retailers including Target Corp

Dow Jones rises nearly 300 pts on gains in banks, strong retail sales data

Walmart slides after cutting earnings forecast; April retail sales rise in-line with estimates

India to launch open e-commerce network to take on Amazon, Walmart

The government's so-called ONDC platform will allow buyers and sellers to connect and transact with each other online, no matter what other application they use

Billionaire tech pioneer Nilekani takes on Amazon, Walmart in India

India has become a battlefield for some global retail behemoths that are either shut out of China or are struggling to compete with local rivals there

US drone company Zipline commences delivering medicine in Japan

Zipline, founded six years ago, already is in service in the US, where it has partnered with Walmart Inc. to deliver other products at the retail chain as well as drugs

Walmart, Flipkart offer Indian manufacturers access to 120 mn US consumers

The roadmap is a part of Walmart's efforts to expand its sourcing from India to $10 billion a year by 2027.

Flipkart acquires ANS Commerce to strengthen its e-commerce ecosystem

Post the acquisition ANS Commerce will continue to operate as an independent e-commerce solutions platform under its existing leadership team, Flipkart said in a statement

PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month

The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country

Tata's Neu: Group packs power brands in all-in-one e-commerce app

Described as a "super-app" and in the pipeline since at least mid-2020, the website called it "a unified platform that connects several brands across the Tata universe like never before"

PhonePe plans to fill 2800 positions in 12 mths, to hire across functions

The Walmart-owned fintech firm is focused on doubling employee strength to about 5400.

Walmart forecasts profit above expectations as demand holds firm

Net revenue in Walmart's fourth-quarter showed a surprise 0.5% increase to $152.87 billion

Walmart invites Indian sellers to join its US marketplace

India is already one of the top sourcing markets for Walmart and the retail major has set an ambitious goal of exporting USD 10 billion from India each year by 2027

Walmart invites Indian sellers to expand overseas via its US marketplace

India is already one of Walmart's top sourcing markets, and the company has set an ambitious goal of exporting $10 billion from India each year by 2027.

Chinese police rap Walmart for violating cybersecurity laws: Local media

Walmart is already a target of accusations in the country for supposedly stopping sales of products from Xinjiang

Walmart sued over 'improper' disposal of e-waste, hazardous items

Walmart has been sued by the California Attorney General and 12 state district attorneys, over its alleged improper disposal of electronic and hazardous waste, compromising local landfills

Samsung's Galaxy S21 FE listed on Walmart for $699 ahead of launch

South Korean tech giant Samsung is likely to launch its upcoming smartphone -- Galaxy S21 FE -- on January 11, 2022

Walmart-owned PhonePe digitises 25 mn merchants, kirana stores across India

The company said that offline merchant transactions on its platform have shown 200 per cent growth since last year

Flipkart bets on Ninjacart to take on Amazon, JioMart in grocery biz

The $145 million investment has almost doubled valuation of Bengaluru-based Ninjacart from $500 million last year to about $900 million and the firm is approaching unicorn status

Walmart-owned Flipkart infuses $145 mn in agritech startup Ninjacart

'With this investment, we are further able to strengthen our grocery footprint,' says Kalyan Krishnamurthy, CEO, Flipkart Group

Walmart announces MoU with MP government to train and support MSMEs

The initiative comes under Walmart Vriddhi Supplier Development Programme