Walmart news 

As part of its plan to develop new revenue and profit pools, Walmart is to start offering several of its technologies and capabilities to other businesses. Enabling further investment in the customer value proposition Under this initiative, Walmart will aim to monetise the technologies it has developed over the last few years to support its digital transformation and moves towards creating ...

The retailer announced the official opening of Guangzhou Tianhe store on 20 July. It is the retailer’s second store in Guangzhou and the 33 rd in the country. More than 4,000 SKUs sourced globally The store is situated in Merrill Lynch M·LIVE World, Huangpu Avenue, Tianhe District, Guangzhou. Covering an area of more than 20,000 sq m, the store offers 1,500 parking spaces. The range consis...

Having undertaken three major divestments in the last year and digital growth set to outpace sales through physical formats, a very different Walmart will emerge over the next five years. We highlight the five major changes to plan for. Business in transformation Walmart is the world's largest retailer, with activities spanning North America, Latin America, Asia and Africa. It has emerged a...

Sam’s Club has developed a new feature as part of its Scan & Go technology which enables members to scan a product in-store for delivery direct to their home or business. Integrated into Scan & Go The Scan & Ship programme has been integrated into the retailer’s Scan & Go feature within its app. Members using the feature scan a product in the club and choose to have it delivered to their ho...

Flipkart has recently raised an additional US$ 3.6bn in its first external funding since it was acquired by Walmart in 2018.  The deal now values the company at US$ 37.6bn. Walmart-owned Flipkart doubles its valuation in less than three years After Walmart has acquired a 77% stake in Flipkart for US$ 16bn in 2018, it has expanded its operations to smaller towns and cities, added more items ...

Walmart, along with H&M Group, Ingka Group (IKEA), and Kingfisher plc, are launching a new climate change initiative to accelerate movement in the retail industry. More for retail to do The ‘Race to Zero Breakthroughs: Retail Campaign’ initiative has been developed to encourage other retailers to set out their plans to achieve 1.5 degree aligned carbon reduction targets. In partnership with...

North America’s grocery retailers* added over $100bn in sales last year as the pandemic caused a surge in demand and a shift from out-of-home to at-home dining. We compare this to previous years and identify some of the key winners in 2020. More growth than the previous three years combined Combined sales of over 40 of the region’s largest retailers increased by $103.6bn last year. This i...

Walmart and Kraft Heinz have partnered to launch 11 episodes focused on healthy, convenient meal solutions, across its shoppable interactive video hub, Walmart Cookshop. Walmart initially partnered with tech company eko in 2018 to develop original, interactive content to help the retailer develop more frequent and deeper engagement with its customers. The technology enables a new level of pers...

Walmart-owned Flipkart has launched Shopsy, a new social commerce platform.  It can benefit individuals and small businesses who can now resell products in their own networks, through social messaging apps such as WhatsApp. Free for individuals & small businesses, who earn a commission for selling Shopsy is a social commerce platform that will allow budding entrepreneurs to register on the ...

Pride month is observed across many markets in Asia, although it is not as huge as the celebration in Europe and the Americas.  COVID-19 restrictions have hindered plans to have physical gatherings for Pride month, but the pandemic has not stopped some retailers in Asia to launch virtual campaigns for this occasion. Philippines: Alibaba-owned Lazada recognises the LGBTQIA+ stigma  Man...