Walmart has been making headlines for various reasons recently. The retail giant has been expanding its operations by acquiring companies like Vizio for $2.3 billion to enhance its advertising business and access Vizio's SmartCast operating system. Additionally, Walmart announced plans to open over 150 new stores and remodel 650 existing ones in the US over the next five years. The company is also focusing on its employees, with initiatives such as awarding store managers annual stock grants of up to $20,000 and increasing the average salary for store managers to $128,000.
Walmart Inc., formerly known as Wal-Mart Stores, Inc., is an American multinational retail corporation headquartered in Bentonville, Arkansas. Founded by Sam Walton in 1962, Walmart operates a chain of hypermarkets, discount department stores, and grocery stores. It is one of the world's largest companies by revenue and employs over 2.3 million associates worldwide. Walmart is known for its wide range of products, competitive pricing, and extensive presence both in physical stores and online. The company has a significant impact on the retail industry and the economy as a whole.
-
Consumers are still spending on value and convenience.
-
Workers at the retail giant’s smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs.
-
Rue21 is planning to close over 500 stores in the coming months
-
The Better Goods store brand will carry plant-based, gluten-free and higher-end food and could help the retailer attract more affluent shoppers.
-
“You’ll see a lot more people deciding to close when their leases expire,” a California franchisee said, explaining that Subways lease their spaces usually with five-year options.
-
A class-action lawsuit accusing the retail giant of inflating prices of certain weighed foods and produce resulted in a settlement. Customers may be eligible for a payment of up to $500.
-
For the first time, Walmart is selling Macs directly, starting with the MacBook Air with an M1 chip, which is no longer being sold new at Apple.
-
A driver crashed an SUV into a Walmart store in suburban Detroit, likely due to a health incident, injuring several people.
-
Consumer Reports discovered major security flaws in Eken video doorbells, allowing potential hackers to access footage and control the devices.
-
Recent data shows varying trends in customer demographics and shopping habits across major US retailers.
-
Amazon replaces Walgreens Boots Alliance in the Dow Jones Industrial Average following Walmart's stock split
-
Walmart acquires Vizio for $2.3 billion to expand its advertising business and gain access to Vizio's SmartCast operating system.
-
Chefs express concerns about the impact of restaurant closures and the challenges faced by women of color in the industry.
-
Federal Reserve officials express concern over potential disruption to progress in reducing inflation due to strong growth in spending and hiring
-
Tucker Carlson expressed amazement at a security feature on a Russian grocery store shopping cart, leading to widespread mockery and criticism.
-
Ride-hailing drivers in at least 10 US cities plan to refuse rides to and from airports between 11am and 1pm on Valentine's Day.
-
Snoop Dogg and Master P have filed a lawsuit against Walmart and Post Consumer Brands, alleging that their cereal brand was intentionally kept off store shelves.
-
Walmart will open over 150 new stores and remodel 650 existing ones in the US over the next five years.
-
Gig workers for DoorDash and Walmart's Spark app are facing challenges with pay transparency and identity verification.
-
Walmart is awarding store managers annual stock grants of up to $20,000 and announced a 3:1 stock split to make purchasing full shares more accessible for individual investors.