Walmart Delivers Strong Revenue for Holiday Quarter
Walmart still maintains a significant market share and investors appear pleased with the firm’s performance thus far.
Flipkart Considers Up to $3B Fundraising to Expand Product Range in India and Challenge Rivals
The fundraising will give Flipkart the push to compete with its rivals.
WMT Stock Up 2%, Walmart Performance Durpass Estimates as Revealed in Q1 Earnings Report
By staff writer
In Q1, the net income of Walmart was $2.73 billion. This increased the earnings per share by 97 cents.
WMT Stock Down, Outgoing Walmart e-Commerce Chief Views Refrigerator as New ‘Big Revolution’
Walmart’s e-commerce chief Marc Lore is retiring from the company after five years of positively impacting US online sales.
WMT Stock Up 1% as Walmart Announces Prolonging of Remote Work
Walmart Inc announced through its global chief technological officer, Suresh Kumar that thousands of its employees will continue remote work as a post COVID-19 reality.
WMT Stock Down 0.36% Now, Walmart to Kill Off Grocery App in Favor of New Platform
By Darya Rudz
Walmart has already started to gradually transfer its customers to the new Walmart app that now places 50% of online grocery orders. WMT stock closed in the green yesterday but declined in the pre-market today.
Walmart (WMT) Stock Rises More Than 3%, Sale of Majority Stake in UK Chain Asda Postponed
By Darya Rudz
Various private-equity firms have shown a strong interest in Asda. The deal could value Asda at more than 7 billion pounds ($8.6 billion). But because of coronavirus, Walmart has paused the sale process.