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Walmart Inc News
Walmart beats estimates for sales on stimulus spending boost, raises profit forecast
Tue, May 18, 2021
Walmart Inc raised its full-year earnings forecast on Tuesday and beat estimates for same-store sales as it benefited from additional stimulus checks that put more money in consumers` pockets and boosted demand for apparel and electronics
Walmart partners with Shopify to expand online marketplace business
Tue, Jun 16, 2020
Walmart Inc has partnered with Canadian e-commerce firm Shopify Inc, as the world`s biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping
Amazon paid $0 worth dividends in 2019 while Walmart paid $12 bn!
Wed, Feb 19, 2020
Walmat spent $11.8 billion on dividends in 2019 while Amazon paid nothing to Wall Street investors, despite generating $13 billion more than Walmart in cash.
Over 600 US Companies urge Trump to resolve Chinese trade tension
Fri, Jun 14, 2019
Walmart Inc, Target Corp and more than 600 other companies urged U.S. President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers.
Walmart announces overhaul of its e-commerce start-up Jet.com to compete with Amazon
Thu, Jun 13, 2019
Walmart Inc on Wednesday announced a sweeping overhaul at Jet.com, an e-commerce start-up it acquired in 2016 for $3.3 billion, as the world`s largest retailer competes with Amazon.
Bernie Sanders to push for $15 an hour minimum wage at Walmart shareholder meeting
Wed, Jun 05, 2019
The U.S. Senator from Vermont will present a shareholder proposal at the event asking the world`s largest retailer to give its hourly employees a seat on its board and will press the company to raise wages.
Walmart says higher tariffs on Chinese imports will increase prices for US shoppers
Fri, May 17, 2019
US President Donald Trump increased tariffs on $200 billion worth of Chinese imports to 25% from 10% last week. The move is widely expected to raise prices on thousands of products including clothing, furniture and electronics. China retaliated on Monday, though on a smaller scale.
Income tax returns shocker for Flipkart founders Sachin Bansal and Binny; this is what taxman wants from duo
Thu, Nov 22, 2018
Income tax returns: The I-T department has written to Flipkart founders Sachin Bansal and Binny Bansal seeking to know the details of the income earned following their share sale to US retail giant Walmart and when they would be depositing the advance tax, an official said.
Ford, Walmart to collaborate on designing automated-vehicle delivery service
Wed, Nov 14, 2018
The project is the latest to grow out of Ford’s broader effort to develop businesses that could use automated delivery vehicles. Ford was working with San Francisco-based Postmates already to develop delivery services that could employ automated vehicles.
Walmart India opens 22nd Cash and Carry store in India
Sat, Sep 22, 2018
Walmart India, the wholly-owned subsidiary of Walmart Inc, Saturday announced the opening of its 22nd business-to-business Cash and Carry store in the country, making it the second Best Price Modern Wholesale store in Ludhiana and the sixth in Punjab.
Flipkart IPO coming? What Walmart may want to do in India revealed
Sat, May 12, 2018
Minority investors holding 60 percent of Flipkart`s shares "acting together, may require Flipkart to effect an initial public offering" (IPO) four years after the close of the Walmart-Flipkart transaction, the Bentonville, Arkansas-based retailer said in a May 11 filing with the U.S. Securities and Exchange Commission
Flipkart-Walmart deal fallout: These stocks will gain, but others set to lose
Wed, May 09, 2018
Walmart will likely end up with 60-80 per cent of Flipkart. Walmart has valued Flipkart at about $20 billion, say reports. Flipkart was valued at about $12 billion last year, according to researcher CB Insights.
With Flipkart, J Sainsbury, Walmart attempts turnaround after losses
Mon, Apr 30, 2018
Walmart Inc`s urgency to stem market share losses to rivals around the world is driving it to partner with local players in the UK and India, even as it scales back in some other markets like Brazil.