Walmart agrees to sell its business in Argentina

1 week ago

Walmart China, Meituan in strategic partnership

People shop for groceries at a Walmart in Chongqing on Feb 8. Walmart China and Meituan, an online service platform, announced details of a strategic partnership on Tuesday, designed to enhance and expand real-time retail operations and capabilities. Zhu Jun, chief procurement officer at Walmart China, said the company has built an omni-channel retail matrix that combines online and offline …

China Retail Market Sales Platform Walmart Meituan

1 week, 1 day ago

Mexico’s regulators impose 10-year special restrictions on Walmart’s subsidiary

Associated Press

MEXICO CITY — Mexico’s anti-monopoly regulators on Monday imposed special conditions for a period of 10 years on Walmart’s Mexico subsidiary for allegedly pressuring suppliers. The Federal Competition Commission said Walmart must refrain from pressuring suppliers to grant it any discounts offered to competitors, among other things. “For 13 years, Walmart used its market power to impose abusive conditions on …

Mexico Walmart Walmart De Mexico

4 weeks, 1 day ago

Walmart Becomes Latest - And Biggest - Company To Roll Back Its DEI Policies

Huff Post

LOADING ERROR LOADING NEW YORK — Walmart, the world’s largest retailer, is rolling back its diversity, equity and inclusion policies, joining a list of major corporations that have been under pressure by conservative activists. The company confirmed on Monday to The Associated Press that it will better monitor its third-party marketplace items to make sure they don’t feature sexual and …

Company Walmart

4 weeks, 1 day ago

Walmart becomes latest — and biggest — company to roll back its DEI policies

NPR

Walmart becomes latest — and biggest — company to roll back its DEI policies toggle caption Steven Senne/AP NEW YORK — Walmart, the world's largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative activists. Sponsor Message Separately, conservative political commentator …

Company Policies Walmart Dei

1 month ago

Walmart keeps growing with shoppers making more than $100,000 a year

CNN

New York CNN — Walmart’s business is surging. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior, the company said Tuesday. Walmart said it gained market share last quarter, driven “primarily from upper-income households.” Low and middle-income shoppers have traditionally formed the core of Walmart’s customer base, and they …

Walmart

1 month, 1 week ago

Expert upbeat on Argentina's ties with China

China Daily

Visitors select products imported from Argentina at the seventh China International Import Expo in Shanghai on Sunday. "For Argentina, the relationship with China has been invaluable, especially in helping prevent inflation from spiraling into hyperinflation," Marcos said. Many argue that Argentina would have experienced hyperinflation without the support of the People's Bank of China," said Marcos. "Additionally, China consistently supplied …

Relationship China Argentina Latin America Chinese Both Countries Marcos

1 month, 1 week ago

Expert upbeat on Argentina's ties with China

China Daily

Visitors select products imported from Argentina at the seventh China International Import Expo in Shanghai on Sunday. "For Argentina, the relationship with China has been invaluable, especially in helping prevent inflation from spiraling into hyperinflation," Marcos said. Many argue that Argentina would have experienced hyperinflation without the support of the People's Bank of China," said Marcos. "Additionally, China consistently supplied …

Relationship China Argentina Latin America Chinese Both Countries Marcos

1 month, 2 weeks ago

Overnight lines, mall fights and instant sellouts: Labubu toy mania comes to America

LA Times

Every few Fridays, in the middle of the night, a line forms outside the Pop Mart store at Westfield Century City. “It’s a high and it’s excitement,” said Jon Shapiro, 48, who arrived at 2:30 a.m. to be first in line at a recent Pop Mart release in Century City. “You start buying sets and you’re like, ‘OK, well I …

City Tiktok Instagram Line Boxes Toy Store

3 months, 1 week ago

Walmart embarks on ‘style tour’ to prove it is a fashion destination, with two stops in L.A.

LA Times

In its latest bid to be seen as an affordable fashion destination, Walmart is hitting the road to prove that it has more to offer beyond household essentials and grocery staples. “Fashion basics — they’re not trying to get too far afield, but be on trend,” said Joe Feldman, senior managing director at Telsey Advisory Group. “It’s more about brand-building …

Fashion Walmart Retailer

6 months, 3 weeks ago

Sam's Club to open first Shandong store in Qingdao

China Daily

Sam's Club, the upscale members-only retail chain owned by the Fortune Global 500 company Walmart, is set to open its first outlet in Qingdao. Sam's Club, the high-end warehouse club chain of Walmart Inc, announced that it will open a store in Qingdao's Shibei district, according to a cooperation agreement inked at the Opening Ceremony of the 2024 Hong Kong-Macao-Shandong …

Hong Kong Club Open Qingdao Shandong Store Shibei

6 months, 3 weeks ago

Sam's Club to open first Shandong store in Qingdao

China Daily

Sam's Club, the upscale members-only retail chain owned by the Fortune Global 500 company Walmart, is set to open its first outlet in Qingdao. Sam's Club, the high-end warehouse club chain of Walmart Inc, announced that it will open a store in Qingdao's Shibei district, according to a cooperation agreement inked at the Opening Ceremony of the 2024 Hong Kong-Macao-Shandong …

Hong Kong Club Open Qingdao Shandong Store Shibei

7 months, 1 week ago

Walmart Layoffs: Retail Giant Fires Hundreds Of Employees, Relocates Remote Workers

ABP News

Walmart Layoffs: American multinational retail brand Walmart said on Tuesday that the firm will be laying off hundreds of employees from its corporate headquarters and relocating the majority of its remote workforce in the US and Canada to three main offices. "We are asking the majority of associates working remotely, and the majority of associates within our offices in Dallas, …

Employees Walmart Layoffs Walmart Layoffs

7 months, 1 week ago

Walmart lays off hundreds of employees, requires remote workers to relocate

India TV News

Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant's campus offices. It also said that it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area. Cutting hundreds of jobs Walmart Inc, opens new …

Remote Work Work New Jersey Dallas Remote Toronto Walmart

7 months, 1 week ago

Walmart to lay off hundreds of corporate staff and relocate others, says report

Live Mint

Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter. Meanwhile, workers at the US retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart's corporate headquarters in Bentonville as …

Work Walmart

7 months, 1 week ago

Walmart is scraping hundreds of corporate staff, restricts remote work: Report

Hindustan Times

Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter. Photographer: Gabby Jones/Bloomberg Meanwhile, workers at the U.S. retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart's corporate headquarters …

Work Walmart

8 months, 1 week ago

True scale of US retail bloodbath revealed: How a 5,500 shops have closed in just one year... and even big names Walmart, Bed Bath & Beyond and Nike have suffered

Daily Mail

US retailers shut a total of almost 5,500 stores in 2023 - with major corporations like Bed Bath & Beyond, Walgreens and Rite Aid leading the pack. Total closures were 5,463 in 2023, a 30 percent increase on 2022 Bed Bath & Beyond reported it would shut 866 stores, far more than any other retailer Many retailers, like Walgreens, pointed …

Bath Retail New Jersey Bankruptcy Locations Filed Total

9 months, 1 week ago

Apple to open eighth flagship store in Shanghai

China Daily

Shoppers look at products at an Apple Store on Nanjing Road Walkway in Shanghai on Aug 23, 2023. Apple Inc will open a new flagship store named Apple Jing'an in central Shanghai on March 21, the US tech giant announced on Monday. Attracting more than 83.4 million yuan of investment, Apple Jing'an is the company's second-largest flagship store after the …

Apple Chinese Shanghai Store

9 months, 4 weeks ago

San Francisco’s iconic Union Square Macy’s will close

LA Times

Macy’s massive store in downtown San Francisco’s Union Square, overlooking the holiday ice rink, will close as part of the company’s plan to shut 150 underperforming locations, about 30% of the Macy’s stores. As Macy’s announced plans to close 30% of its locations, including its store in San Francisco’s Union Square, Walmart said it will shut the doors to its …

San Francisco San Store Close Walmart Stores Macy

10 months, 3 weeks ago

Walmart to build or convert 150-plus stores in next 5 years. It hasn’t opened new stores in 3 years

Associated Press

NEW YORK — Walmart said Wednesday it plans to build or convert more than 150 stores in the next five years, while remodeling existing stores. In a memo shared with The Associated Press, John Furner, president and CEO of Walmart’s U.S. division, said that the first two new stores under this initiative, both Neighborhood Markets, are set to open later …

Store Walmart Stores

1 year, 7 months ago

Walmart shines in rough retail environment, ratchets up outlook after strong first quarter

Associated Press

NEW YORK — Walmart reported strong first-quarter sales results as the nation’s largest retailer’s low-prices continue to draw budget conscious consumers in a challenging economic environment of stubbornly high inflation, particularly in groceries. “We see it in the U.S. and in other markets like Mexico, Canada and Chile.” Other major retailers posted quarterly results this week, and there was a …

Retail Inflation Sales Share Quarter Walmart Mcmillon

1 year, 8 months ago

Walmart shuts four stores in Chicago - halving its footprint in Illinois city

Daily Mail

Walmart is shuttering half of its stores in Chicago, mostly located on the crime-ridden city's south and west sides, that have been losing millions each year. The closings were announced just days after Chicago's newly elected liberal mayor Brandon Johnson blamed the city's poverty and crime rates on businesses that don't pay taxes. Walmart is shuttering half of its stores …

Crime Florida City Statement Chicago Mayor Johnson

1 year, 8 months ago

Walmart is axing 2,000 warehouse jobs weeks after retail chain announced store closures

Daily Mail

Walmart Inc will cut more than 2,000 jobs at five U.S. e-commerce warehouses, the company reported on Monday. Walmart Inc will cut more than 2,000 jobs at five U.S. e-commerce warehouses, the company reported on Monday US Bureau of Labor Statistics shows Consumer Price Index February 2023 inflation since 1981 In February, Mail Online reported on a retail apocalypse across …

California Locations Store Close Walmart Stores Macy

1 year, 10 months ago

Walmart plans to close three US tech offices, asks employees to relocate to hub of their choice

India Today

Walmart is planning to shut down three of its tech hubs in the US, a Wall Street Journal report reveals. Walmart's global chief technology officer, Suresh Kumar, issued a memo to staff that says the retail giant will be closing its tech offices in Austin, Texas; Carlsbad, California; and Portland, Oregon. The Wall Street Journal quoted a spokeswoman from the …

Walmart Tech Hub

1 year, 10 months ago

Starbucks misses sales, revenue estimates as China falters

Associated Press

Starbucks reported lower-than-expected sales in its fiscal first quarter, with COVID store shutdowns in China overshadowing stronger results elsewhere. During a conference call with investors, Starbucks’ interim CEO Howard Schultz said China’s decision to end its zero-COVID policy in December caused a spike in infections that closed nearly 30% of Starbucks’ 6,000 stores at its peak. But Schultz said Starbucks …

China Sales Schultz Starbucks Stores

2 years, 3 months ago

India has a unique role to play in global economy: Walmart

The Hindu

India, with its deep pool of talent, proven ability to leapfrog existing digital technologies and extensive manufacturing expertise, has a unique role to play in the global economy, said Judith McKenna, President and CEO of Walmart International. “We’re building on what we’ve learned here in India, creating opportunities and access for customers and businesses that they never had before,’‘ she …

India Indian Walmart

2 years, 4 months ago

Walmart lays off hundreds of corporate workers

Live Mint

Walmart Inc. is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which affects various departments including merchandising, global technology and real-estate teams, the people said. …

Walmart Cut Thousands

2 years, 9 months ago

As South Korea votes, shopping mall bid spotlights regional split

Al Jazeera

Seoul, South Korea – When Yoon Seok-yeol visited the southwestern city of Gwangju while campaigning to be South Korea’s next president last month, the conservative frontrunner’s speech generated headlines for days. Among South Korea’s seven self-governing major cities, Gwangju is the only one without any large shopping complex or big-box retail stores. South Korea’s industrialisation Cho Gwi-dong, the author of …

Political Local South Korea Region City South Yoon

2 years, 11 months ago

Walmart invites Indian sellers to join its marketplace to serve U.S customers

The Hindu

Walmart has started inviting applications from select sellers in India to join Walmart Marketplace, a curated sellers community that serves over 120 million U.S. shoppers every month. Walmart was seeking new sellers from India as part of a global drive to attract international sellers and expand its marketplace’s product assortment, it said. Chosen Indian sellers would be able to take …

India Indian Sellers Join Walmart

3 years, 4 months ago

Walmart wants to deliver you stuff, even if you didn’t buy it at Walmart

CNN

New York CNN Business — Next time you order that waffle maker or rice cooker, it could be delivered to you by Walmart, even if that’s not where you bought it. It also did not disclose the fees it would charge businesses for deliveries, but said they would be at “competitive pricing.” Walmart is looking for ways to grow beyond …

Delivery Walmart Deliver

3 years, 4 months ago

India, Mexico markets push Walmart global business grow 13% in Q2

The Hindu

US retail giant Walmart saw its operations in markets such as India, China and Mexico push its international business growth by 13% in the second quarter ended July 31, with e-commerce continuing to expand its share in the segment. Net sales grew nearly 13 per cent in constant currency including strength in India, Mexico and China," Walmart president and CEO …

India Growth China Sales Company Mexico Billion

3 years, 6 months ago

San Francisco confronts surging crime, drugs and homelessness as it tries to bounce back from Covid-19

CNN

San Francisco CNN — Mark Dietrich and his neighbors didn’t know what to do with the luggage and purses they found dumped in the street. Suspected burglars hit again and again, police chief says From the San Francisco Police Department’s perspective, recent crime problems boil down to two factors: not enough cops on the street and a revolving door of …

Crime City San Francisco Cnn San Francisco Walgreens

3 years, 9 months ago

Disney downsize: Company plans to close 20 percent of shops

Al Jazeera

The company will close 60 of its North American shops and is considering shuttering its European retail outlets as more people shop online. Walt Disney Co. plans to close more than 60 of its North American Disney stores, eliminating roughly 20% of its global footprint, as it focuses more on e-commerce. The company has about 300 Disney stores now, a …

Retail Company Stores North American Disney Downsize

3 years, 10 months ago

Walmart sales still surging, but a chill may be on the way

Associated Press

NEW YORK — Walmart is raising wages for 425,000 of its 1.5 million U.S. workers and is investing $14 billion this year to speed up its distribution network as the nation’s largest retailer navigates vast industry changes that were accelerated by the pandemic. Walmart Inc. lost $2.09 billion, or 74 cents per share, compared with last year’s $4.14 billion profit …

Japan Billion Hour Wage Walmart Sales

3 years, 10 months ago

Store expansions, online orders help in keeping momentum on even keel

China Daily

A Starbucks Now Store in Beijing's financial area. CHINA DAILY Leading coffee chains are banking on the strong growth seen in the recent quarters to chart store expansions and penetration into more lower-tier cities, despite the huge surge in online orders due to the COVID-19 restrictions. Leading coffeehouse chain Starbucks Corp said its comparable store sales rose by 5 percent …

Quarter Stores Starbucks Comparable Store Sales Store Sales Coffee Chain Starbucks Now

4 years ago

Walmart commits to export $10 billion India-made goods each year by 2027

India TV News

Walmart on Thursday announced that it will triple its exports of goods from India to $10 billion each year by 2027. In a statement, Walmart said that its new export commitment is expected to provide a significant boost to micro, small and medium enterprises in India, alongside ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programs. …

India Indian Export Walmart

4 years, 1 month ago

Another booming quarter for Walmart, but sales are slowing

Associated Press

NEW YORK — Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. Sales at Walmart stores opened at least a year— a key barometer for a retailer’s health — rose 6.4%. “We think these new customer behaviors will largely persist, and we’re well positioned to serve customers.” McMillon …

Sales Quarter Walmart Stores

4 years, 2 months ago

Walmart to sell UK chain Asda in $8.8 billion deal

Associated Press

LONDON — Retail giant Walmart has agreed to sell its British chain of supermarkets, Asda, to the investors behind an international group of gas stations and food shops in a deal that values the company at 6.8 billion pounds. Brothers Mohsin and Zuber Issa, along with investors TDR Capital will acquire a majority of Asda, while Walmart will retain a …

Walmart Asda

4 years, 3 months ago

Walmart plans to hire 20,000 holiday staff to meet online demand

Live Mint

Walmart Inc. will recruit more than 20,000 workers ahead of the U.S. holidays to prepare for an expected surge in online shopping amid the pandemic, its first large seasonal hiring in five years. The world’s biggest retailer is readying itself for a holiday e-commerce battle with Amazon.com Inc. by bringing on more seasonal staff to handle online orders at its …

Demand Walmart Walmart Plans

4 years, 3 months ago

Sanlitun an epicenter for dedicated followers of fashion, bookworms

China Daily

Beijing's core district of Chaoyang has long been known as a center for its many foreign embassies, vibrant nightlife and cafe culture, as well as its ever-growing central business district. Day in and day out, Chaoyang district's fashion hub of Sanlitun throbs with activity as well-heeled and stylish shoppers flit from flagship stores to restaurants to luxury and independent boutiques …

China Chinese Beijing Store Chaoyang Skp Sanlitun

4 years, 3 months ago

Sanlitun an epicenter for dedicated followers of fashion, bookworms

China Daily

Beijing's core district of Chaoyang has long been known as a center for its many foreign embassies, vibrant nightlife and cafe culture, as well as its ever-growing central business district. Day in and day out, Chaoyang district's fashion hub of Sanlitun throbs with activity as well-heeled and stylish shoppers flit from flagship stores to restaurants to luxury and independent boutiques …

China Chinese Beijing Store Chaoyang Skp Sanlitun

Walmart agrees to sell its business in Argentina

History of this topic

Walmart reports strong US sales as it retreats from some overseas markets

Walmart Sells Argentina Stores to Regional Retail Group, Will Lose Over $1 Billion

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