Walmart News Updates

Walmart is poised to raise about $6.5 billion from the sale of U.S. and Canadian dollar bonds as the world’s largest retailer seeks to diversify its funding sources amid a spending spree. 

Walmart described the project as one of its next-generation fulfillment centers, which the retailer places in strategic markets to support same-day and next-day shipping across the U.S.

The DOJ expanded its antitrust inquiry of the meatpacking industry by demanding information on surging beef prices from Amazon, Costco, Walmart and others.

Nike said it hired Jane Ewing from Walmart to become the sportswear company’s chief commercial officer.

Private fleet operators are facing a barrage of cost pressures including elevated fuel prices, escalating costs and driver pay, and higher insurance premiums.

Faced with high prices, dwindling savings and slowing wage growth, Americans are searching for deals and unique merchandise while shying away from big purchases. 

Walmart’s U.S. e-commerce business, which has become an engine of growth for the retailer, rose 24%, trailing the first-quarter pace of 26%.

Target is expanding the size of the grocery section by more than 20% in nearly 150 remodeled stores and more than 50% in 300 new locations, carving out additional space for fresh produce and trendy items.

In a matter of months, Walmart has become a major player in the burgeoning business of quickly fueling electric vehicles, speeding past Costco with its in-house network of electron pumps. 

Walmart has benefited in part from higher inflation under Trump, as consumers have turned to its stores and website in search of lower prices.