walmart news and archive

H&M and PVH supply chains could be hit by Suez blockage

When the Ever Given ship was refloated at the end of March its 6-day delay caused a backlog of 370 ships according to Reuters. The congestion will have a rolling effect on supply chains, which may be felt for months to come. Insights from S&P Global suggest U.S. East Coast imports from western India, Sri Lanka, Pakistan and the Middle East are...

Apr. 6, 2021

Business

Walmart bids on India as its preferred sourcing market

Walmart has announced that it will triple its exports of goods from India, aiming at 10 billion dollars per year by 2027. The announcement is in line with ongoing efforts including its Flipkart Samarth and Walmart Vriddhi supplier development programs. This major endorsement of India’s manufacturing is expected to boost micro, small and...

Dec. 14, 2020

Business

Walmart sells Asda in 6.8 billion pound deal

British supermarket giant Asda has been sold by Walmart to two billionaire brothers and private equity firm TDR Capital in a 6.8 billion pound (8.8 billion dollar) deal. Under the new ownership structure, Mohsin and Zuber Issa and TDR Capital have acquired a majority ownership stake in the retailer, while Walmart will retain an equity investment...

Oct. 5, 2020

Retail

Walmart preps for increased online shopping ahead of holiday season

Walmart is expecting increased online shopping for the 2020 holiday season and has made preemptive moves to prepare. The retailer has plans to hire over 20,000 seasonal associates in its e-commerce fulfillment centers across the country. The U.S. retailer has closely watched changing consumer behaviors over the past six months of the pandemic,...

Sep. 23, 2020

Business

Walmart sells two digital brands

Retail Dive has reported that Walmart has made deals to sell off two of its digital brands, Shoes.com and Bare Necessities. Walmart originally acquired Shoes.com for 9 million dollars in 2017 and has now sold it off to private equity firm CriticalPoint Capital. Bare Necessities is being sold to Israeli company Delta Galil Industries. The details...

Aug. 31, 2020

Business

Walmart confirms teaming up with Microsoft on TikTok deal

Walmart Inc. has issued a statement confirming discussions with Microsoft involving ByteDance Ltd.’s TikTok service in the United States. The retail giant said: “We believe a potential relationship with TikTok U.S. in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve...

Aug. 28, 2020

Retail

Target and Walmart to close on Thanksgiving Day this year

For Thanksgiving 2020, Target will be closing its doors for the first time, ending a decade long tradition of opening for early Black Friday doorbusters. Target follows in the footsteps of its competitor, Walmart, who also said they will not be opening on Thanksgiving this year, ending a tradition for them that goes back to the 1980s. In...

Jul. 27, 2020

Retail

H&M shutsdown 95 shops in the US amid protests

Swedish fashion retailer Hennes & Mauritz AB or H&M has temporarily shuttered 95 of its stores in various regions across the U.S. following violence and looting amid the unrest related to the death of George Floyd. Street protests, some peaceful and some violent, erupted across the nation after Floyd was mercilessly killed by Minnesota police....

Jun. 3, 2020

Fashion

Dressing from the waist up? Fashion's most stylish say no

Walmart, the world’s largest brick-and-mortar retailer, reported that sales of tops are surging during the shutdown. But bottoms are stagnant, surely also a metaphor for our sedentary new existence working from home, experiencing screen fatigue and snacking nervously between Slack and Zoom meetings. As navigating the latest videoconference...

Apr. 8, 2020

Fashion

Baby Yoda: How retailers are capitalising on the meme sensation

Whether you’ve seen the Disney+ flagship television series The Mandalorian or not, chances are you’ve still seen or heard of its breakout character, Baby Yoda, who has quickly become a meme sensation thanks to social media. The character has risen to the strange and often unexplainable world of internet fame, bringing with it, as often is the...

Jan. 17, 2020

Retail

July sales heat up as retailers compete with Amazon's Prime Day

Amazon kicked off its two-day sales event, Prime Day, today and its competitors are trying to beat the retail giant at its own game. Retailers including Target, Walmart and Ebay are offering their own sales to customers to take part of the trend Amazon started five years ago. Prime Day offers a series of flash sales to Amazon's Prime member...

Jul. 15, 2019

Video

Video: Welcome to the new Walmart home office

The new campus design will be built with the following concepts in mind: A Connected Campus for an Exciting Associate Experience; Smart and Sustainable; True to Walmart’s Roots and the Community. Source: Walmart, YouTube.

May 20, 2019