WALMART news and archive

Walmart reports strong Q3, ups FY25 outlook

Consolidated third quarter revenue at Walmart of 169.6 billion dollars, increased by 5.5 percent or 6.2 percent on constant currency basis. Raising its outlook for FY25, the company said net sales to reach 642.6 billion dollars, adjusted operating income at 27.1 billion dollars and adjusted EPS of 2.22 dollars. We had a strong quarter,...

Fashion |Beauty

CeraVe launches first haircare offering

CeraVe, the number one dermatologist-recommended skincare brand in the US, is looking to disrupt the haircare market with its first hair products targeting dandruff. Backed by L'Oréal Dermatological Beauty, CeraVe haircare is launching with five targeted scalp solutions, including two shampoos, two conditioners, and a 2-in-1, all under 10 US...

Retail

Could Amazon's return-to-office mandate be a boon to physical retailers?

Amazon's recent announcement mandating a return to office for its corporate employees from January 2025 has received mixed reviews from the technology sector. However, the repercussions of this decision may extend far beyond the confines of Silicon Valley, potentially reshaping the broader retail landscape. The e-commerce behemoth's push for...

Business

Walmart sold its entire stake in JD.com

In a move that underscores the evolving landscape of global retail, Walmart has divested its entire stake in Chinese e-commerce giant JD.com for 3.6 billion dollars, as reported by the Financial Times this week. This strategic decision comes on the heels of Walmart's recent earnings report, where the company emphasised its commitment to...

Business|Beauty Featured

Jake Paul's personal care brand W secures 14 million US dollars in funding

W, the men’s personal care brand founded by content creator and boxer Jake Paul, has raised 14 million US dollars in seed and series A funding, led by Shrug Capital. The men’s vitamin-infused body care brand launched in June exclusively at Walmart and Walmart.com, to offer Gen Z men a “much-needed upgrade to their personal care routines” at an...

Business

John Lewis and Walmart among winners of Better Cotton's 2024 awards

Cotton sustainability initiative Better Cotton has announced the winners of this year’s Member Awards in a ceremony that took place as part of the organisation’s conference in Istanbul, Turkey. In a release, CEO of the group, Alan McClay, who presented this year’s winners, said it was a “privilege” to host the event with its partners. McClay...

Business

Walmart to relaunch youth-centric brand No Boundaries

US supermarket giant Walmart is set to reenter the young adult fashion space with the relaunch of its No Boundaries fashion brand. The “two billion dollar” label is focused on providing young adult fashion through a “relevant and youthful assortment” all in what the company says are new fabrications, shapes and styles. For the relaunch, Walmart...

Business|Beauty

Jake Paul unveils new personal care brand for men

Content creator and boxer Jake Paul has launched a new body care brand for men called W, designed to “motivate guys to go for the win”. Launching exclusively at Walmart and Walmart.com, W aims to offer Gen Z men a “much-needed upgrade to their personal care routines,” with a vitamin-infused line-up of body care products. W launches with three...

Business|Beauty

Pretty Smart beauty brand debuts at Walmart

Pretty Smart, a new female-founded beauty brand, has officially launched at Walmart as the US omnichannel retailer looks to expand its luxury beauty range and target Gen Z consumers. Founded by beauty veteran Marissa Shipman, Pretty Smart will exclusively be available in 2,800 Walmart doors across the US and online at walmart.com and Pretty...

Retail|Beauty

Ombré Men Launches at Walmart

Ombré Men, the doctor-formulated men’s plant-based personal care brand, has expanded into Walmart online and on the Walmart app. The move marks the brand’s first national retail partnership as it looks to increase its availability to consumers across the US and expand its direct-to-consumer strategy. The launch will see 16 Ombré Men products...

Retail

Walmart launches influencer-curated virtual shopping platform, Walmart Realm

Walmart has launched a new immersive online shopping platform designed to gamify consumers' shopping journeys. Dubbed Walmart Realm, the virtual platform features three different shopping environments that are driven by social trends and curated by social media influencers. The online shopping ‘realms’ include the underwater world of So Jelly,...

Business

Walmart profits rise on strong sales from wealthier shoppers

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales. Profits more than tripled to 5.1 billion USD for the quarter ending April 30 on a six percent rise in revenues to 161.5 billion USD. Earnings in the 2023 period were...