Walmart news 

Walmart International's President and CEO, Judith McKenna took a deep dive into global retail at the Shoptalk event in Las Vegas. We look at the shifts it’s seeing in consumer priorities and how it’s responding. Shifting priorities Walmart International, with a presence in six major markets serving nearly 40% of the world's population, holds a distinctive perspective on global retail. The c...

Earlier this month, Walmart's CFO John Rainey spoke at the Raymond James Institutional Investors Conference in Orlando, sharing insights into the retailer's future. We explore some of the key points from the interview. Plans to continue growing its marketplace Walmart will continue to add more third-party sellers to its marketplace, therefore broadening its online offer. It currently has ov...

As Walmart’s revenue crosses $600 bn for the first time in its history, we look at what’s driving its performance and consider its priorities for the year ahead. Walmart's key numbers Walmart's total revenue in Q4 increased by 7.3% to $164 bn Sales in its US stores grew by 8%, with Sam’s Club up 11.3% US ecommerce sales increased 17%, up 18% on a two-year stacked basis US comp s...

Walmart plans to open around 30 new Sam’s Club warehouses across the US over the coming five years. The decision, which represents its most aggressive expansion in years, was made following record same-store sales growth and an all-time high in memberships. Most aggressive expansion in years Walmart operates close to 600 Sam’s Club stores across the US. Its most recent opening was in Hanove...

Following a succesful soft launch in September, Walmart has launched Walmart Business, a standalone B2B ecommerce platform tailored to the needs of small and medium businesses (SMBs), as well as non-profit organisations.  What is it? Walmart Business is a new online delivery service targeted at SMBs. The platform offers a curated assortment consisting of more than 100,000 products, which ar...

Walmart first announced its plans for drone delivery back in 2021. Last year, it opened its first drone delivery hub in the home of its headquarters, Bentonville, Arkansas and it announced plans to expand its delivery network to 34 sites by the end of the year. The retailer has successfully surpassed this target, closing the year with 36 delivery hubs spread across seven states: Arizona, Arkan...

It was another year of investment and innovation for Walmart. We share our pick of the best new initiatives from the retailer in its largest market, the USA, and consider what its focus will be in 2023. Testing the Metaverse The Metaverse was big news this year, with several retailers starting to dip their toes into the water. Walmart was leading the way, launching two different experienc...

Walmart has announced new leaders for its businesses in Canada and Chile. The changes are being made following the departure of Haio Barbeito earlier this year from the top seat in Canada to lead US clothing retailer, Old Navy. Gonzalo Gebara to lead Walmart Canada Taking up the president and CEO position in Canada is Gonzalo Gebara, effective January 30, 2023. He currently leads the Walmar...

Speaking at the Morgan Stanley Global Consumer and Retail Conference, Walmart’s president and CEO, Doug McMillon, outlined why he remains confident on the retailer’s ability to continue delivering profit growth, and why it could be even stronger going forward. 1. Productivity enhancements driven by a greater role for automation Walmart views a key role for automated storage and retrieval sy...

Walmart delivered a strong Q3 sales performance, setting it up for the holiday trading period. We look at the factors driving its results and expectations going forward. Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 8.7% to $152.8 bn, representing an additional $12.3 bn year-on-year Sales in its US stores increased by 8.5%, with Sam’s Club up 12.8% US ecommerc...