WALMART news and archive

Ralph Lauren, Diesel and Hugo Boss face Canadian watchdog investigation for forced labour claims

A number of fashion and apparel companies are facing investigations by a Canadian watchdog in regards to complaints alleging there was evidence of forced labour in their production. The Canadian Ombudsperson for Responsible Enterprise (CORE) published its initial reports for each of the companies in question, responding to a series of complaints...

Fashion Featured

Walmart and Rubi Laboratories launch pilot to convert carbon emissions into clothing

Walmart, the world’s largest omnichannel retailer, has signed manufacturing and brand pilot agreements with Rubi Laboratories to leverage the California-based start-up's carbon capture and conversion technology to disrupt supply chains and deliver affordable apparel from carbon emissions. The initial manufacturing pilot will explore how Rubi’s...

Business

FullBeauty to acquire plus size fashion brand Eloquii from Walmart

FullBeauty has agreed to acquire plus size fashion label Eloquii Inc. from Walmart. FullBeauty Brands offers a wide breadth of sizing with apparel from 12W to 44W, bras in bands from 30 to 58 and cups from A to O, footwear in medium, wide and wide-wide, and more. The company said in a statement that this acquisition will allow FullBeauty Brands...

BusinessFeatured

Express and WHP acquire menswear label Bonobos from Walmart

WHP Global and Express Inc (EXPR) have entered into a definitive agreement with Walmart to acquire menswear brand Bonobos for a combined purchase price of 75 million dollars. The company said in a release that WHP Global will acquire the Bonobos brand for a purchase price of 50 million dollars, while EXPR will acquire the operating assets and...

Business

Walmart aims to increase sales by 130 billion dollars in next five years

American retail group Walmart has outlined an ambitious growth strategy during its 2023 Investment Community meeting, where it also unveiled its fiscal 2024 Q1 and full-year guidance results. In the report, the company highlighted areas it was investing in in order to globally strengthen the business through its people, supply chain and across...

Business |Beauty

Tia Mowry launches haircare line exclusively at Walmart

Actress Tia Mowry has partnered with synthetic biotechnology company Amyris to launch a natural haircare range that celebrates curls. 4U by Tia Mowry is exclusive to Walmart and will be sold in more than 2,800 stores in the US, as well as on the retailer’s website and via the direct-to-consumer website 4UbyTia.com. The haircare line launches...

Business

Walmart lifts US wages in stores again amid tight labor market

Walmart announced Tuesday it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector. The retail giant, the biggest private employer in the United States, is boosting the pay range at US stores to between 14 and 19 dollars an hour from the prior...

Retail |Beauty

Pardon My Fro to debut haircare line at Walmart

Pardon My Fro, a fashion and lifestyle brand crafted for women “proud of their hair and their heritage,” is launching its first haircare line exclusively with Walmart on February 13. Founded by entrepreneur and self-taught graphic designer Dana Bly, the six-piece haircare collection features products developed and formulated for hair types up to...

Fashion |In Pictures Featured

Walmart launches inclusive sleepwear and intimates brand

Walmart has unveiled a new inclusive and elevated sleepwear and intimates brand Joyspun, as it looks to continue to evolve and grow its fashion category. Joyspun will replace Secret Treasures, Walmart’s previous billion-dollar private intimates and sleepwear line, which according to the retailer captured the “largest customer base across the...

Retail

Claire’s expands Walmart partnership into additional stores

Claire’s has announced the expansion of its strategic partnership with Walmart, which will see the accessories retailer grow its presence throughout US stores. The retailer will be rolling out its accessories and jewellery offer to more than 1,200 additional Walmart locations. The expansion will see Claire’s become available in over 2,500...

Business

Walmart beats Q2 earnings estimates

US retail giant Walmart has topped analysts’ earnings estimates in the second quarter of the year, which it lowered last month as it warned of inflationary pressures. In the three months to July 29, adjusted earnings per share was 1.77 dollars, just one cent lower than a year ago, and higher than analysts’ estimates of 1.62 dollars, according to...

RetailFeatured

Does America have an inventory problem?

America may be on the cusp of an inventory problem. Research from the Wall Street Journal says the compounding excess of apparel and other stock is filling up US warehouses faster than goods are being sold. As supply chains continue to hinder deliveries, companies are stockpiling to avoid the perils of shipping bottlenecks, which has seen...