Walmart Tops Q2 Expectations as Americans Continue Spending
NEW YORK — Walmart reported better-than-expected second-quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.
Walmart Cuts 200 Corporate Jobs as Costs, Inventory Sap Profit
Walmart Inc. is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise.
Walmart Hawks Refurbished Goods to Inflation-Squeezed Shoppers
Walmart Inc. has a new sales pitch for consumers contending with soaring prices: Buy used goods.
Walmart Cuts Full-Year Profit Outlook
Walmart Inc. cut its annual profit outlook for the second time this year, citing the need to lower prices to clear out bloated inventories.
Walmart Canada Adds 60-Foot Multizone Refrigerated Trailer
Walmart Canada has expanded its fleet to include for the first time in North America a 60-foot multitemperature-zone refrigerated trailer, built by Utility Trailer Manufacturing Co.
Can You Canoo? Terms of Deal Say Walmart Can, Amazon Can’t
Walmart Inc.’s deal backing an electric vehicle startup has some strings, including a provision preventing sales to rival Amazon.
Walmart Orders 4,500 Canoo Electric Vans
Canoo Inc. shares doubled in value after the struggling electric vehicle startup won an order for 4,500 vans from Walmart Inc.
Walmart Expands Program That Delivers Right to Your Fridge
Walmart can now drop off groceries right into customers’ refrigerators via its InHome delivery service in several large metropolitan areas, the retailer announced July 6.
Walmart Announces New Charges for Suppliers
Walmart Inc. is hitting some suppliers with two new charges as it struggles to soften the blow of surging transportation costs.
Walmart to Add Four E-Commerce Warehouses to Speed Deliveries
Walmart Inc. announced plans to build what it said would be a “high-tech” fulfillment center in Joliet, Ill., which is 45 miles southwest of Chicago.
June 3, 2022