This story appears in the August/September 2022 issue of Forbes Magazine. Subscribe Amazon Acquires One Medical (Photo by Smith Collection/Gado/Getty Images) Getty Images With Amazon’s $3.9 billion ac...
Tag: Walmart
Refurbished Products At Walmart? Why Not? They’re Everywhere Else.
WalmartWMT has launched a program selling refurbished appliances and consumer electronics that it says will offer high-quality products at a fraction of the cost of buying them new. “Good as new” is t...
Walmart Acquires Bolt Systems To Advance Omnichannel Capabilities
Walmart Inc. continues to lean into technology with the acquisition of Volt. Courtesy of Walmart Wesley Hitt 2019 WalmartWMT has acquired Volt Systems, a technology company that provides suppliers wit...
Recession Heats Up; Investors Keep Your Shorts On
Walmart said this week that it was laying off more than 200 senior managers and lowered their … [+] forecasts as the economic slowdown continues thanks to rising costs. (Photo by J.D. Pooley/Get...
Walmart Stock Falls After Report of Hundreds of Layoffs
Text size Shares of Walmart are down about 10% this year. Photo by Michael Ciaglo/Getty Images Walmart is eliminating about 200 jobs in a bid to restructure the company, according to a report from The...
Walmart Reportedly Slashes 200 Corporate Jobs After Falling Profit Warnings
Topline Walmart, America’s largest private employer, is laying off about 200 corporate workers, according to the Wall Street Journal, a week after the company cut its quarterly and full-year profit fo...
Amazon’s market cap tops Alibaba and Walmart combined despite a 35% Q2 slump
Amazon (NASDAQ: AMZN) has maintained its status as one of the largest companies globally, mainly powered by its ecommerce business and other diversification like video streaming that continue to drive...
Auto Makers Expect Car Sales to Defy Economic Gloom
Listen to article (2 minutes) Even as consumer spending cools, one place buyers continue to splurge is at the car dealership. Auto executives reporting earnings earlier this week displayed confidence ...
Who owns Walmart? It’s not China. A look at the biggest shareholders in the company.
Since opening in 1962 in Rogers, Arkansas, Walmart has grown to approximately 10,500 stores and Sam’s clubs in 24 countries, according to its corporate website. What started as a small shop has ...
Walmart Is Testing ‘Cute’ Tiny Stores In Vacation Spots Far From Big Boxes
The nation’s largest retailer is exploring new ways to cater to travelers. Walmart Say you’re on vacation and forgot sunscreen. The last thing you want to do is trek through a sprawling supercen...
Amazon Reports Earnings Today. What to Expect.
Text size Amazon Web Services, the company’s cloud computing arm, is expected to boost revenue 33% in the quarter from a year ago. Stefano Guidi/Getty Images Amazon ’s June quarter financial report is...
The ‘good news’ about Walmart and Target inventory warnings, according to BofA
Walmart (WMT), the world’s biggest retailer, gave a snapshot on Monday of how inflation is pressuring consumers’ ability to spend on discretionary items. But there could be relief ahead as retai...
S&P 500 Falls Over 1% After Walmart’s Profit Warning, Consumer Confidence Tumbles
Topline The stock market fell on Tuesday, with retail stocks leading declines after Walmart slashed its profit outlook for the rest of the year and warned that high inflation is having an impact on co...
Walmart, Shopify, 3M, General Electric and more
Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. Walmart – Share...
Walmart, General Motors, Polaris and more
Check out the companies making headlines before the bell: Walmart (WMT) – Walmart slumped 9.5% in the premarket after cutting its outlook for the current quarter and full year. The retail giant said h...
Walmart slashes profit outlook – shares plummet almost 10% after-hours
On Monday, July 25, in the extended trading session, shares of Walmart (NYSE: WMT) dropped by 9.86% in after-hours trading, following a guidance cut caused by inventory issues and inflation concerns. ...
Walmart Tumbles as Discounts Spur New Cut to Profit Forecast
(Bloomberg) — Walmart Inc. cut its profit outlook again in a surprise warning weeks ahead of its earnings report, sending retailer shares tumbling and raising new questions about US consumers’ a...
Dow Jones Futures Fall As Walmart Dives On Outlook; What To Do Ahead Of Fed Decision| Investor’s Business Daily
Dow Jones futures were squarely lower following Monday’s stock market action. The Federal Reserve’s two-day meeting will kick off Tuesday, followed by an interest-rate policy decision Wedn...
Walmart warning sends stock price plunging, renews recession worries
Walmart just gave all the recession mongers on Wall Street a huge adrenaline shot in the collective arm. The world’s largest retailer slashed its second quarter and full-year profit outlooks lat...
Stock futures fall after Walmart cuts forecast, says inflation hit consumer spending
Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE U.S. stock futures fell on Monday night after Walmart cut its profit forecast, sending retail stocks tumbling after hou...
Walmart Shares Plunge Nearly 10% After Company Warns Of Profit Slowdown Due To Inflation
Topline Shares of Walmart fell nearly 10% in after-hours trading on Monday after the company slashed its profit outlook for the second quarter and rest of the year, warning that high inflation is havi...
Walmart shares just slid 10%: what happened?
Walmart Inc (NYSE: WMT) shares slid nearly 10% in extended trading on Monday after the big box retailer trimmed its profit guidance both for the current quarter and the full financial year. Discretion...
Walmart, Target, Whirlpool and more
People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas. Rick Wilking | Reuters Check out the companies making headlines after hours. Walmart — Shares dropped more than 8% in exte...