Walmart news 

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 ...
12 July 2022
Walmart has signed a definitive agreement with Canoo to purchase 4,500 units of its all-electric Lifestyle Delivery Vehicle, with an option to purchase up to 10,000 units. Plans to launch in 2023 The Lifestyle Delivery Vehicle (LDV) is a US-made commercial elective vehicle (EV) which has been optimised for sustainable last mile delivery use cases. Using steer by wire technology, the design ...
06 July 2022
Walmart is integrating its InHome delivery programme by adding it as an option for members of Walmart+. Walmart InHome expansion InHome delivery enables customers to have their online grocery orders delivered straight into their homes, including into the fridge. This had previously been offered as a separate, fee-based service, in locations where the service was available. With Walmart expa...
23 June 2022
Two of Canada’s leading retailers, Loblaw and Walmart, are launching new programmes to provide shoppers with a range of grocery items in as fast as 30 minutes. While Walmart is adopting a more conventional model for quick commerce, Loblaw is bringing some innovation to the channel. Two launches in two days The announcements from Loblaw and Walmart Canada signal that the Canadian retail mark...
21 June 2022
Our latest research reveals that Walmart’s revenue is set to reach almost $750 bn by 2027. Between 2021 and 2027 it is expected to grow by 4.7% on a CAGR basis, reaching $747.6 bn. $180 bn growth opportunity Our new report Strategic outlook for Walmart , reveals that Walmart’s growth will be led by its operations in the USA, India and Mexico. Over recent years the retailer has recast i...
17 June 2022
Walmart is partnering with the Roku streaming TV service on a pilot project to enable users to purchase products directly from the platform. Media opportunities This new partnership has been developed to make TV streaming an ecommerce shopping destination. The new experience offers product discovery with a seamless checkout experience, enabling purchase directly at the time of inspiration. ...