Walmart news and archive

Walmart reportedly planning 1,500 job cuts amid restructuring

US retailer Walmart is said to be planning to cut 1,500 jobs as part of restructuring efforts intended to simplify operations. Teams in global technology operations, e-commerce fulfillment in US stores and its advertising business are among those said to be impacted. This was first reported by the Wall Street Journal. A Walmart spokesperson told...

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Walmart signals price hikes ahead

Walmart reported a dip in first-quarter profit, citing the mounting cost pressures from tariffs imposed by the current administration as a key challenge. Despite a 2.5 per cent rise in revenue to 165.61bn dollars and stronger-than-expected adjusted earnings per share of 61 cents, the retail giant said it will be forced to raise prices in the...

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Walmart outlines strategy to drive growth and flexibility against ‘more fluid backdrop’

In its latest Investment Community Meeting, US department store Walmart has outlined a strategy focused on driving growth in a market it currently deems to be “more fluid”, as the company seeks to improve on business flexibility and profit diversification. In the meeting, Doug McMillon, Walmart’s president and CEO, said that despite this present...

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Walmart forecasts slower growth for 2025/26

Walmart adopts cautious outlook for 2025/26 amid anticipated growth moderation. Walmart, the world's largest retailer, is entering the new financial year with a measured outlook. The company, headquartered in Bentonville, Arkansas, announced on Thursday that growth is expected to slow slightly. For the financial year 2025/2026, which ends in...

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Retail|Study

5 Tips for Retailers to achieve winning strategies in 2025

With the new year truly underway, retailers around the world are putting their game faces on for a volley of fresh challenges. From ever-changing consumer behaviors to emerging technologies, market fluctuations, and shifting regulations to convoluted trade dynamics, retailers will have to square off with a new retail game in 2025. Thriving...

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Fashion

How Walmart’s Birkin-esque handbag sparked a viral sensation

In the world of high fashion, few accessories command as much attention—or aspiration—as the Hermès Birkin bag. Prized for its exclusivity, craftsmanship, and astronomical price tag that starts in the five figures, the Birkin has become a status symbol for the elite. Yet, an unexpected contender has entered the fray: a 78 dollar bag sold on...

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Walmart says it won’t hit ESG targets in latest report

US department store giant Walmart has said it is no longer expecting to hit some of its ESG targets despite making slight progress elsewhere. In its latest climate change report, the company said that while it continued to work towards the “aspirational goal of zero emissions by 2040, progress will not be linear”. Walmart cited its “trajectory...

Retail

Walmart launches four new immersive holiday shopping experiences on Walmart Realm

Walmart has expanded its immersive online shopping platform Walmart Realm with four new experiences. Launched just in time for the holiday season, the new experiences aim to capture the spirit of the season and inspire customers looking for the perfect holiday gift. The newly launched holiday rooms, powered by the Emperia platform and produced...

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Walmart reports strong Q3, ups FY25 outlook

Consolidated third quarter revenue at Walmart of 169.6 billion dollars, increased by 5.5 percent or 6.2 percent on constant currency basis. Raising its outlook for FY25, the company said net sales to reach 642.6 billion dollars, adjusted operating income at 27.1 billion dollars and adjusted EPS of 2.22 dollars. We had a strong quarter,...

Fashion |Beauty

CeraVe launches first haircare offering

CeraVe, the number one dermatologist-recommended skincare brand in the US, is looking to disrupt the haircare market with its first hair products targeting dandruff. Backed by L'Oréal Dermatological Beauty, CeraVe haircare is launching with five targeted scalp solutions, including two shampoos, two conditioners, and a 2-in-1, all under 10 US...

Retail

Could Amazon's return-to-office mandate be a boon to physical retailers?

Amazon's recent announcement mandating a return to office for its corporate employees from January 2025 has received mixed reviews from the technology sector. However, the repercussions of this decision may extend far beyond the confines of Silicon Valley, potentially reshaping the broader retail landscape. The e-commerce behemoth's push for...

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Walmart to fuel its Marketplace accelerated growth through series of new initiatives

Walmart is set to grow its e-commerce Marketplace platform, as it unveiled several new initiatives at the Let’s Grow! 2024 Walmart Marketplace Seller Summit. Key growth areas include category expansion, enhanced multichannel fulfillment, and new features that will make it easier for sellers to sell across several markets. “We’re executing...