Walmart’s planned investment in TikTok is being called “transformative.” Another analyst predicted the deal could “redefine retail” across the industry. “It is a bigger-picture opportunity,” said Oliver Chen, a retail analyst at Cowen. Known for its homogeneous big-box stores in rural and suburban America, Walmart has turned more than a [...]
Kroger Co. was downgraded to neutral from buy at Bank of America with analysts citing intensifying competition with other mass grocers. Bank of America moved its price objective to $40 from $42. Grocers have seen sales soar during the coronavirus pandemic as more customers, who are working, schooling and spending [...]
Walmart is rolling out its newest and much-anticipated attempt to compete with Amazon Prime: a membership service that will give customers free shipping on tens of thousands of items, including produce and groceries. The service, Walmart+, will cost $98 a year. That is lower than the $119 charged for Amazon [...]
Amazon may have a 15-year head start, but Walmart is close to finally unveiling its own membership program that it hopes will eventually become an alternative to Amazon Prime. Walmart had planned to launch a new subscription service in July called Walmart+ that will cost $98 a year. It will [...]
A trip to the supermarket — once no more than an afterthought for most people before the coronavirus pandemic hit — now represents one of the few "normal" activities for many people. Once inside, though, things are changing from what shoppers were used to, as stores remain one of the few [...]
Traffic at Walmart Inc., Costco Wholesale Corp. and Target Corp. dropped for the first time in the weeks since the coronavirus pandemic ramped up in the U.S., according to Placer.ai. Walmart traffic was down 6.7% year-over-year for the third week of March. The previous week, traffic was up 18.4%. At Costco, [...]
In Calhoun, Georgia, a city of around 16,000 residents 70 miles outsideof Atlanta, Walmart is testing out a new health center. If successful, Walmart may expand its initiative across the United States, potentially upending the way millions of Americans receive medical care. At "Walmart Health," which has a separate entrance [...]
The nation’s largest grocer is not taking a back seat in the race to streamline in-store fulfillment of online grocery orders. Walmart has been piloting a new technology called Alphabot that is designed to enable quicker, more efficient picking of online grocery orders at the store level. The retail giant [...]
Panic is sweeping through supermarket aisles. Profits are meagre, convenience is king, discounters are rife. Even Amazon, Walmart and Alibaba, the worldʼs three biggest retailers, are trembling. No one has fully mastered the art of selling groceries online. The business represents just 2.3%, or $160bn, of a worldwide grocery market [...]
Walmart is getting out of the vaping business, but still sells cigarettes. It is working to reduce plastic packaging for the products on its shelves, but continues to use plastic grocery bags in its checkout lines. After a gunman killed 22 people at a Walmart in El Paso this summer, [...]