Tue, Nov 14, 2023
After a turbulent holiday season last year, when inflation peaked, shoppers' focus on buying essentials like bread, milk and toothpaste, left retailers with lots of unsold clothing and electronics, Wall Street is hoping recent economic data showing food disinflation and higher wages will spur shoppers to open their wallets this season.
Thu, Oct 26, 2023
Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose 8.5 per cent to 23 billion pesos.
Fri, Sep 08, 2023
Walmart is changing the hourly starting wage structure for entry-level store workers, as companies seek to reduce costs in a slowing job market. The change means that store workers including cashiers, personal shoppers, stockers, self-checkout helpers and associates manning departments such as sporting goods or electronics will all receive the same hourly starting wages that are paid at the store.
Mon, Jul 31, 2023
US retail giant Walmart has acquired the entire stake of Tiger Global for USD 1.4 billion at an enterprise valuation of USD 35 billion, sources aware of the development said.
Retail giant Walmart has reportedly paid $1.4 billion to acquire VC form Tiger Global's remaining shares in the e-commerce major.
Fri, Jul 14, 2023
Walmart-backed Flipkart on Friday began mega cash payout to staff, estimated to be worth USD 700 million, following its separation from fintech firm PhonePe.
Sat, Jul 08, 2023
The white Texas gunman who killed 23 people in a racist attack at a Walmart in 2019 is expected to learn his punishment Friday, after victims' relatives berated him for days over the shooting that targeted Hispanic shoppers on the US-Mexico border.
Fri, Jun 16, 2023
Walmart's CFO John David Rainey says Flipkart and PhonePe could be $100 billion businesses in the future. Flipkart is one of India's most valuable startups, and PhonePe controls a significant share of the payments market.
Tue, Apr 04, 2023
Walmart layoffs: Walmart had confirmed the staffing cuts at its warehouses without providing specifics.
Tue, Feb 14, 2023
Walmart Inc will close three of its technology hubs in the US and has asked the employees to shift to other primary offices to keep their jobs. Walmart has about 1.7 million US workers, the majority hourly staff in stores and warehouses, and about 0.6 million other staff abroad.
Thu, Jan 19, 2023
The company also plans to invest in new businesses, including insurance, wealth management, and lending.
Wed, Nov 23, 2022
Virginia Walmart Shooting News: The number of dead and wounded is still unclear, but no more than 10 people have died, local media outlet WAVY reported.
Thu, Nov 10, 2022
Flipkart invested USD 213 million in its business-to-business vertical, Flipkart India, formerly Walmart Wholesale, before the festive season sale of 2022.
Fri, Aug 05, 2022
Retail giant Walmart has laid off at least 200 corporate employees as the economic downturn takes its toll on companies worldwide.
Thu, Aug 04, 2022
Walmart described the layoffs as a way to "better position the company for a strong future," reports The Wall Street Journal. "We`re updating our structure and evolving select roles to provide clarity and better position the company for a strong future," a company spokesperson said in a statement late on Wednesday.
The list, topped by US retailer Walmart, has nine Indian companies -- five of them state-owned, and four from the private sector.
Thu, Apr 21, 2022
Retail giant Walmart on Thursday said that it is now offering manufacturers and trading firms in India to reach a growing market of more than 120 million US consumers each month.
Wed, Feb 16, 2022
The fast-food company is investing a big amount for this project and has already filed more than 10 patents for its virtual store.
Mon, Dec 13, 2021
Flipkart India and Walmart on Monday said they have invested USD 145 million in fresh produce supply chain company Ninjacart.
Sun, Aug 08, 2021
Walmart-owned Flipkart on Saturday said it has partnered with the Indian Institute of Management (IIM), Sambalpur, to support and promote small businesses, artisans and weavers by leveraging technology, e-commerce platform and market insights
Sun, Jul 18, 2021
Both Amazon and Flipkart have challenged the Competition Commission of India (CCI) in court as they seek revocation of an Indian court`s June decision to allow https://www.reuters.com/world/india/india-court-dismisses-pleas-by-amazo... an antitrust probe against them to continue. The companies deny any wrongdoing
Tue, Jun 29, 2021
Global retail major Walmart on Tuesday announced the launch of Vriddhi Cares, to extend COVID-19 support to MSME employees and their family members in the country.
Sat, May 01, 2021
Walmart will donate up to 20 oxygen-generating plants and 20 cryogenic containers to India for the storage and transportation of the life-saving gas, and also provide USD 2 million to non-governmental organisations to help them fight the devastating surge in coronavirus cases.
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