Wal-Mart

Bonobos Cuts Jobs After Push From Parent Company Walmart
October 9, 2019 at 12:00 pm

Men's apparel retailer Bonobos, which is owned by Walmart, announced earlier this week that it laid off dozens of employees following a push from Walmart to cut its e-commerce losses, reports The Wall Street Journal. Walmart acquired Bonobos in 2017, but the brand is still not profitable for the retail giant, even after its expansion…

Walmart Moves Further Into Healthcare Market With New Clinic
August 30, 2019 at 10:45 am

Walmart is moving further into the primary care and mental health market, according to CNBC. The world's largest retailer is opening a new clinic in Dallas, Georgia called Walmart Health. The company has launched a website for the new clinic, Walmarthealth.com, where patients can make appointments for immunizations, optometry and more. Walmart is testing the…

Walmart Sues Tesla Over Solar Panel Fires at 7 of its Stores
August 22, 2019 at 2:14 pm

Walmart is suing Tesla, Elon Musk’s electric vehicle and clean energy company, after its solar panels atop seven Walmart stores allegedly caught on fire, CNBC reported. The lawsuit, which details evacuations, damaged property and inventory, claims breach of contract, gross negligence and failure to live up to industry standards. Walmart is asking Tesla to remove its solar panels from…

Walmart Pilots a Driverless Delivery Program
July 29, 2019 at 12:48 pm

Walmart, in conjunction with autonomous vehicle company Gatik, is launching a driverless delivery pilot to deliver orders between two of its stores on a two-mile route in Bentonville, Arkansas, according to a company blog post. In March, Arkansas passed legislation allowing for autonomous vehicles to operate in the state. The Gatik vehicles, which will be staffed during the…

Report: Walmart Shuffling Execs to Further Integrate Stores, Digital
July 22, 2019 at 2:34 pm

Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a July 19 memo obtained by CNBC that was sent by CEO Doug McMillon to the retailer’s employees. The biggest change announced is Walmart's move to bring the U.S. supply chain teams together, which will be led…

Report: Walmart Appoints New Store No. 8 Head
June 5, 2019 at 2:15 pm

Walmart has hired Scott Eckert to run its investment arm and startup incubator, Store No. 8, according to an internal memo from Marc Lore, the retailer's head of e-commerce on Monday, and obtained by Reuters. Eckert is a former executive of Bain Capital Ventures, where he evaluated potential new investments and advised CEOs about existing…

Walmart to Offer Next-Day Delivery Without a Membership Fee
May 15, 2019 at 1:44 pm

In a blog post yesterday, Marc Lore, president and CEO of Walmart eCommerce, announced that Walmart will begin rolling out next-day delivery for more than 220,000 items on its website, including pet food, diapers, paper towels and laundry detergent, this week. Customers must spend at least $35 to be eligible for next-day delivery. "NextDay" delivery…

Walmart to Open More Pet Clinics, Online Pet Pharmacy
May 8, 2019 at 2:23 pm

Walmart announced this week that it's planning to open up dozens more in-store veterinary clinics as well as launch its first online pet pharmacy, hoping to lure more U.S. pet owners who are spending billions of dollars each year. Walmart currently operates 21 veterinary clinics in its stores across six states, but over the next…

Amazon Expected to Continue to Crush Walmart and Target This Holiday Season
December 13, 2018 at 10:17 am

Amazon.com has become synonymous with online shopping. Just as “google it” or “I need a Band-Aid” have become colloquialisms, so has “order it on Amazon.” I work with dozens of millennials and have a 5- and 7-year-old at home, and whenever they need something, their first response is “get it on Amazon.” The “culture of…