Matthew Boyle

Business, Technology, Logistics

Walmart Subsidizing Some Vendors in Price War With Amazon

Walmart vs. Amazon price war A Walmart sign (left, Patrick T. Fallon/Bloomberg News) and Amazon package (right, Andrew Harrer/Bloomberg News).

Hold on to your smartphone — the holiday price wars between Walmart Inc. and Amazon.com Inc. are heating up.

Matthew Boyle | Bloomberg News
October 15, 2019
Business

Walmart’s Vaunted Turnaround Artist, Greg Foran, Leaves for Air New Zealand

Greg Foran and John Furner Greg Foran (left) and John Furner via Walmart Inc.

Walmart U.S. CEO Greg Foran, the architect of the revival of Walmart Inc.’s U.S. stores, is departing to run an airline in his native New Zealand, leaving a big hole at the world’s biggest retailer on the cusp of the holiday season.

Matthew Boyle | Bloomberg News
October 10, 2019
Business, Technology, Logistics

Walmart Receives Outside Interest in JetBlack Unit

Exterior of a Walmart building Walmart is mulling the future of JetBlack, its text-based concierge shopping service for busy urban families. (Shutterstock)

Walmart Inc. is weighing the future of JetBlack, a pet project of its online chief that was the first business to emerge from its internal incubation arm.

Matthew Boyle | Bloomberg News
September 26, 2019
Business, Logistics

Walmart Testing a Fulfillment Service for Vendors to Match Amazon

Walmart box on table An employee packages products inside a Walmart fulfillment center in Bethlehem, Pa., on March 29, 2017. (Michael Nagle/Bloomberg News)

Walmart Inc., looking to generate more profit from its online unit, wants to start storing and shipping products for third-party vendors for the first time, just as rival Amazon.com Inc. has done for years.

Matthew Boyle | Bloomberg News
September 12, 2019
Business, Logistics

Target, Like Walmart, Proves Main Engine of Economy Is Humming

Target Corporation Store Victor J. Blue/Bloomberg News

Recession fears may be mounting in certain parts of the U.S. economy, but Walmart Inc. and Target Corp. are signaling that the all-important American consumer is doing just fine.

Matthew Boyle | Bloomberg News
August 21, 2019
Business, Technology

Walmart Hunts for New Online Revenue Chief as Losses Mount

Walmart Timothy Fadek/Bloomberg News

Walmart Inc. has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. The company is searching for a new chief revenue officer for its U.S. e-commerce business, who would work under online leader Marc Lore to help map out its battle plan against Amazon.com, Target Corp. and other rivals.

Matthew Boyle | Bloomberg News
July 12, 2019
Business, Logistics

Two Years After Amazon Deal, Whole Foods Is Just $10 Cheaper

Amazon Dania Maxwell/Bloomberg News

Amazon.com’s $13.7 billion purchase of Whole Foods Market spawned endless speculation about how the internet giant would change the upscale grocer. Two years later, we’ve got an answer: Ten bucks.

Matthew Boyle | Bloomberg News
July 10, 2019
Business, Technology

Target Takes a Hit From $50 Million Register Outage

Target Michael Liedtke/Associated Press

The impact of Target Corp.’s weekend register glitch won’t show up until the retailer discloses quarterly revenue in August, but it could have cost the company about $50 million in lost sales, according to one analyst.

Matthew Boyle | Bloomberg News
June 17, 2019
Government, Business, Logistics

Walmart’s New Pricing Tool Allows Suppliers to Factor in Cost of Tariffs

Walmart Patrick T. Fallon/Bloomberg News

Walmart Inc. has updated the information network used daily by its suppliers to let them submit cost increases that are directly attributable to higher U.S. tariffs on Chinese goods.

Matthew Boyle | Bloomberg News
June 12, 2019
Business

Walmart Rises After Strong Start to Year, but Tariffs Still Loom

Walmart A Walmart store. (Patrick T. Fallon/Bloomberg News)

Walmart Inc. rose after reporting sales that met analysts’ expectations. Still, concerns are growing that Chinese tariffs could soon force the retailer to raise its famously low prices or sacrifice its bottom line.

Matthew Boyle | Bloomberg News
May 16, 2019

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