Page 19 - Walmart

Walmart sees slowing online sales growth after lackluster holiday quarter

Holiday sales for brick-and-mortar retailers were disappointing as 2019 saw a majority of shoppers switch to online buying, helping Amazon report "record" sales for the period

Is Walmart losing its business to Amazon? Fourth quarter results suggest so

The company's total revenue rose 2.1 per cent to $141.67 billion, missing the estimate of $142.49 billion

Amazon, Flipkart seek rollback of proposed new tax on online sellers

The online retail industry is braced for a possible 1% tax on each sale made by sellers on their platforms from April if the proposal is approved by parliament next month

Amazon seeks interim stay on CCI order, cites 'irreparable loss and injury'

The investigation covers Amazon and rival Flipkart, which Walmart owns now

Flipkart increases focus on Indian fintech market to take on Amazon, Paytm

From providing consumer credit, device insurance to seller financing, the category grew 40% in 2019

Flipkart ups physical retail presence to take on rivals, boost business

In Sept, Flipkart had said it brought onto its platform 27,000 kirana stores in non-metro cities to expand its reach

PhonePe launches digital ATM, users can withdraw cash from merchant shops

PhonePe said there will not be any charges for customers or merchants to avail of this service

Walmart plans to double down on supercenters to take on Amazon: Report

Walmart has spent heavily on remodeling its stores, including revamping its produce departments with wider aisles and displays that echo premium grocers

Top 10 business headlines: Sebi blinks on CMD role, layoffs in Oyo, Walmart

From Nusli Wadia withdrawing defamation suit against Ratan Tata to fiscal deficit for FY21, Business Standard brings you the top business headlines of the day

Walmart India lays off 56 employees in corporate restructuring exercise

The employees laid off include those in real estate and sourcing, industry sources said, as Walmart increasingly focuses on its online operations in India

Walmart sacks 56 executives in India as part of restructuring

The firings mostly affected executives in the company's real estate division because the growth in the wholesale model has not been that robust

Top headlines: Wadia withdraws case against Tata, Walmart fires 56 execs

From the latest on Nusli Wadia's defamation suit against Ratan Tata to Walmart's firing of top India execs, read all the top headlines here

PhonePe's fundraising process hits roadblock over valuation mismatch

The Walmart-owned firm has been in talks with several large global investors, to raise up to $1.2 billion

Walmart's PhonePe dives deeper into Indian financial services market

The start-up says Liquid Fund will allow its users to earn higher returns on savings with the ability to withdraw their money instantly 24x7

Walmart's Flipkart unveils new payment solution for frictionless shopping

The e-commerce company has unveiled Visa Safe Click (VSC), powered by Visa, which eliminates the need for OTP and points of friction, such as cart abandonment, connectivity and incorrect passwords

Myntra processes 13,000 orders per minute at peak of festive sale

600,000 new customers participated in the four-day sale, with 68 per cent of them coming from tier-2 and tier-3 cities and towns

We are building a financial marketplace, says PhonePe CEO Sameer Nigam

Its co-founder and Chief Executive Officer Sameer Nigam tells Yuvraj Malik about the firm's "platform" strategy, monetization, and future capital-raising plans

Cognizant appoints Walmart's Becky Schmitt as Chief People Officer

Currently at Sam's Club, Schmitt oversees the employee experience and career development of 100,000 associates across nearly 600 locations

Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth

The company said it is accepted as a payment option across 80 lakh micro, small and medium enterprises in over 215 cities in India

Walmart, Flipkart invest in Ninjacart to take on Amazon in grocery business

Flipkart is betting big on the grocery segment and is planning to scale its service across India, including tier-II and-III cities, in the next five years