Walmart news 

27 September 2022
Walmart is launching two different experiences on Roblox, developed to offer unique interactive content and entertainment for users of the platform. Launching on large, fast-growing platform Roblox is an immersive, 3D online platform developed to play and create new games. Accessible through desktop and mobile browsers, its predominantly used with gaming consoles. Roblox is often considered...
21 September 2022
We look at how Walmart is partnering with a range of companies to enhance its retail media opportunities through expanding its social commerce presence. Taking advantage of social commerce growth Walmart’s retail media business, Walmart Connect, is set to pilot new programmes with a range of ‘Innovation Partners’, including TikTok, Snap and Firework. This will enable advertisers to reach sh...
16 September 2022
Following a successful pilot, Walmart Canada is planning a nationwide roll out of its AI (Artificial Intelligence) solution for on-shelf availability. Technology will reduce out-of-stocks The technology was developed by Focal Systems, a San Francisco based company that specialises in retail automation. It uses a network of shelf-edge cameras to automatically detect availability issues (e.g....
29 August 2022
Walmart and Massmart have reached an agreement in principle on a R6.4 bn offer from Walmart to acquire the outstanding shares (47%) in Massmart that it does not already own. Missed expectations Walmart initially acquired a 51% stake in Massmart in 2011. While it was seen as a long-term investment in the region, to capitalise on a significant growth opportunity, the deal hasn’t lived up to i...
25 August 2022
As part of a continued build-out of benefits within its fee-based Walmart+ membership programme, Walmart is adding a new feature, Rewards, which will enable members to earn additional savings off future purchases. How it works Powered by the Ibotta Performance Network, members will be able to earn cash savings. As they search for products on Walmart.com or within the Walmart app, they’ll se...
22 August 2022
Walmart is acquiring Delivery Drivers Inc., a key partner in its Spark driver delivery platform. Simplifying the driver experience Delivery Drivers Inc. is a specialist in last-mile contractor management, helping individual operators complete deliveries. This is an integral element of Walmart’s Spark delivery platform which powers its own deliveries and those of other businesses through its...
16 August 2022
Last month, Walmart announced it had lowered its projected sales for Q2 and the rest of 2022 . Net sales were expected to be up by around 7.5% for the quarter, with US comp store sales expected to be up around 6%, but itsQ2 results surpassed its expectations. However, its gross profit continues to face pressure from higher-than-usual levels of mark down activity, which it has employed to cl...
16 August 2022
Walmart is partnering with Paramount to provide members of Walmart+ with access to a Paramount+ Essential subscription for no additional cost. Adding new benefits Starting next month, Walmart+ members will be able to access a range of shows and movies from Paramount+. The Essential subscription usually costs $4.99 per month. This is the latest benefit to be added to the programme following t...
04 August 2022
Walmart is reported to be laying off around 200 associates at its HQ in the US. The retailer is the latest in a long line of companies to make a reduction in headcount. We consider what this means for the business and the wider economy. Big headlines, small change Anytime Walmart makes any type of cut in associate numbers, it generates a lot of headlines. In part, this is because the busine...
25 July 2022
Against a backdrop of high food inflation, Walmart expects profits to be lower in the second quarter and for the full year. This is mainly due to pricing actions to clear slow-selling general merchandise items as shoppers cut back on discretionary spending.  Food inflation limiting discretionary spend The retailer is seeing double digit food inflation, which is impacting the ability of its ...