Walmart

Walmart Selling JD.com Stake To Focus On Its Own China Operations

Walmart is seeking to raise up to $3.74 billion (€3.40 billion) by selling its stake in Chinese e-commerce firm JD.com, according to a term sheet seen...

Mars' Biggest Deal Clinched By Secretive, Deep-Pocketed Family

A running joke among residents of McLean, Virginia, is that the most secretive organisation headquartered in their Washington D.C. suburb is not the Centra...

Walmart Boosts Outlook After Strong Second-Quarter Performance

US retailer Walmart raised its sales and profit forecasts for a second time this year, as Americans kept flocking to its stores for inexpensive essentials.

Walmart's Low Price Promise In Focus After Amazon's Warning

Walmart's 'Everyday Low Price' promise will be put to the test when it reports quarterly results.

Vertical Farming Startup Plenty To Expand Via $680m JV With UAE's Mawarid

US vertical farming startup Plenty is forming a joint venture with Mawarid, a subsidiary of Alpha Dhabi Holding, in a $680 million deal to develop a networ...

US Online Sales Hit $7.2bn On First Day Of Amazon Prime Day Event, Adobe Says

Shoppers spent about $7.2 billion online across retailers during the first day of Amazon's Prime Day in the United States on 17 July, according to a report...

US Back-To-School Spending To Remain Muted In 2024, Deloitte Says

Back-to-school spending this year is expected to be flat or lower in the United States, as shoppers dial down on expensive electronics such as laptops and...

Walmart To Build Five New Warehouses To Speed Up Distribution Of Perishable Goods

Walmart plans to build five new warehouses with a high tech spin in the United States aiming to bolster and speed up the distribution of perishable product...