Walmart news and archive

Walmart Q3: Leadership transition, fashion momentum and Nasdaq shift

Walmart reported solid performance in the third quarter of the current financial year as the US retail giant prepares for a change in leadership and a shift in its stock exchange listing. Long-serving president and CEO Doug McMillon announced his planned departure earlier this month, with John Furner due to succeed him in early 2026. In the...

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Business

Clarks strikes partnerships with Shein, Walmart and TikTok Shop

Footwear retailer Clarks has announced a slew of new wholesale partnerships with digital platforms as part of wider efforts to strengthen its online footprint. The company has announced its launch on fast fashion giant Shein; US retailers Walmart and Target; off-price platform Secret Sales; and social media site TikTok Shop. Speaking on the...

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Long-term Walmart CEO exits, head of US business takes helm

US retail chain Walmart has announced the scheduled departure of its current president and chief executive officer, Doug McMillon. The executive, who took up the helm of the company in 2014, will retire effective January 31, 2026. John Furner has been named as McMillon’s successor. Furner has also been elected to the board of directors, a...

Retail

Customers will soon be able to shop Walmart products via ChatGPT

US retail giant Walmart has announced a new partnership with OpenAI, through which it will soon make its products available to shop via AI-driven chatbot, ChatGPT. The move is already being hailed by Walmart executives as a next step in e-commerce, shifting from a static to dynamic experience. “For many years now, e-commerce shopping experiences...

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Walmart on Trump tariffs: our costs are rising every week

US President Donald Trump's import tariffs are increasingly affecting supermarket giant Walmart. Chief executive officer Doug McMillon stated in a conference call following the release of quarterly figures that Walmart's costs have been increasing "every week" when replenishing stock. He expects this trend to continue in the current quarter and...

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Business

E-commerce surge lifts Walmart's Q2, outlook raised

Walmart Inc. announced its second-quarter fiscal year 2026 results, highlighting revenue growth across all business segments. The company reported total revenue of 177.4 billion dollars, a 4.8 percent increase, or 5.6 percent on a constant currency basis, compared to the same period last year. The company has raised its full-year earnings and...

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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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Business

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...