Tag: Walmart
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Walmart is Closing The Gap With Amazon As Internet Sales Grow 24% As Consumers Flock to Walmart+ Service
Walmart saw a 24% increase in online sales in the second quarter as it closes the gap with e-retail giant Amazon. In its second-quarter report released today, Walmart said it generated $24 billion in eCommerce sales. The company posted overall revenue of $161.1 billion, with online orders comprising 15% of the total. In comparison, Amazon…
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Walmart Reportedly in Talks to Take Over DVD & Blu-Ray Disc Business
As sales for DVDs and Blu-ray Discs plummet, Walmart may be considering taking over management of Studio Distribution Services (SDS), which handles the distribution of physical media. Walmart submitted a request for proposal for SDS, according to Media Play News. The move would help streamline the distribution of merchandise from studios to independent suppliers. Walmart…
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Warner Bros Discovery, despite a rough year, slides into Fortune 500 for the first time
Warner Bros. Discovery, which has dealt with big bombs like The Flash, a head-scratching rebrand of its streaming service, layoffs amid cratering advertising and an actors and writers strike halting its productions, can at least point to one positive: Its debut on the Fortune Global 500 list. The media giant, formed last year from the…
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Walmart Lets You Use AR to See if That Jumbo TV Really Can Fit in Your Living Room
When eyeing a new TV in your living room, you take a look at your space and inevitably ask, could I go bigger? Thanks to Walmart and augmented reality, you can be sure before you walk into a store. Walmart is expanding the “View in Your Home” feature in its app to show 7,000 AR-enabled…
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Walmart Offers Full Refunds to Customers Who Unintentionally Purchased a Walmart+ Membership
Walmart recently held a Walmart Plus Week from July 10th through July 13th to rival Amazon’s Prime Day sales. During this week, a year-long Walmart+ membership was discounted half off to $49. The promotion was heavily featured on self-checkout lanes in stores as well, which hit a few snags. While checking out, customers were promoted…
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Walmart Rolls Out New Sensory Friendly Hours For Back to School Shopping
Tired of shopping trips accompanied by blaring music and an array of bright lights? Walmart is listening to customers with sensory sensitivities by announcing new quiet shopping hours to make back-to-school shopping more bearable for a larger range of customers. The sensory-friendly shopping hours will begin in July and go through August on Saturdays from…
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Walmart is Closing Another Store, Joining a List of Over 20 Stores
This year, Walmart announced the company will close a number of underperforming stores. Most of the closures are Walmart’s Neighborhood Market locations which are basically a Walmart-lite grocery store only version of the Supercenters. Walmart is downsizing its number of locations as the company shifts focus to encouraging customers to place more online orders via…
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FTC Says Walmart Facilitated Scams That Stole Hundreds of Millions
Today the FTC announced that it has filed an amended complaint against Walmart in the U.S. District Court for the Northern District of Illinois. The FTC says Walmart failed to properly protect its wire transfer service that, allowed scammers to use it to steal hundreds of millions of dollars. Scammers often use money transfers in…
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Walmart is Rolling Out Faster Shipping Speeds In Its Fight With Amazon With Next Generation Fulfillment Centers
Earlier this month, Walmart opened a new, massive 2.2 million square foot fulfillment center in McCordsville, Indiana. Along with being the largest fulfillment facility yet, the company is striving to roll out faster shipping speeds to stores and customers alike. “The McCordsville grand opening marks a major milestone in our supply chain modernization journey. With…
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Walmart’s New Drone Home Deliveries Are Expanding to New Areas As It Moves Ahead of Amazon
Things are going well for Walmart’s eCommerce division. Walmart recently announced that its online sales had increased by 27 percent in the first quarter of 2023, while total revenue grew 7.6 percent year over year in the United States. Total sales tallied in at $152.3 billion. International sales also saw significant increases, reported to have…