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☆ Walmart will close all of its health care clinics
▼ + stars: | 2024-04-30 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Walmart, the largest retailer in the United States, will close all 51 of its health care clinics in six states and end virtual health care services, the company said Tuesday. Walmart had made a big push into health care in recent years, opening clinics next to its superstores that offered primary and urgent care, labs, X-rays, behavioral health and dental work in six states — Arkansas, Florida, Georgia, Illinois, Missouri and Texas. Walmart had targeted rural and underserved areas that have a shortage of primary care facilities. The announcement is an abrupt reversal in Walmart’s strategy and may leave a gap in health care access, particularly for lower-income patients without insurance who relied on the clinics. Walmart also said it will end virtual health care services.

Persons: “ Organizations: New, New York CNN, Walmart Locations: New York, United States, — Arkansas, Florida, Georgia , Illinois , Missouri, Texas

☆ Walmart-backed fintech One introduces buy now, pay later
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart-backed fintech One introduces buy now, pay laterCNBC's Melissa Repko and Hugh Son join 'Power Lunch' to report on. Walmart’s fintech startup One beginning to offer buy now, pay later loans for big-ticket items at some stores in the U.S.

Persons: Melissa Repko, Hugh Son Organizations: Walmart Locations: U.S

☆ Walmart shoppers could claim up to $500 as part of a class-action settlement
▼ + stars: | 2024-04-05 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +2 min

CNN —Walmart shoppers could be entitled to as much as $500 as part of a class-action lawsuit settlement by the retailer over allegations that it overcharged customers for certain products. Walmart reached a settlement late last year to pay $45 million to customers, while denying any allegations of wrongdoing. They include:–$10 without a receipt, but a shopper can attest to buying up to 50 weighted goods and/or bagged citrus in-person in a Walmart store during the settlement class period. –$25 without receipts or proof of purchase but attest to buying 101 or more weighted goods and/or bagged citrus. Walmart shoppers can file a claim online or via mail, postmarked, on or before June 5, 2024.

Persons: “ Organizations: CNN, Walmart, Citrus Locations: United States, Puerto Rico

The current Target Circle program has more than 100 million members. The relaunch comes as Target aims to copy the success of Amazon’s juggernaut Amazon Prime and follow Walmart’s membership program. As for its membership program, Target will continue offering its free-to-join membership with personalized deals, member-exclusive sales throughout the year and additional perks and saving. Target said that members of the free Target Circle membership program already shop five times more and spend five times more than non-members. Target Circle (formerly called Target RedCard) credit cardholders will be able to sign up for Target Circle 360 at $49 per year if they have their card saved to their Target profile, the company said.

Persons: —, Brian Cornell, Kendra Scott, Cardholders, Target Organizations: Target, Revenue, Walmart, Target Circle, Amazon Locations: Minneapolis, Manhattan, FactSet

☆ Kroger, Albertsons and the New Antitrust Playbook - The New York Times
▼ + stars: | 2024-02-28 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

“The proposed acquisition is by far the largest supermarket merger in U.S. history,” one that would unite “the No. 2 traditional supermarket chains in the United States,” it says in its complaint. is correct on the numbers, but the key word is “traditional.” Traditional supermarket chains no longer dominate the grocery business. Kroger is a distant second to Walmart, with a 10 percent market share, and Albertsons is fourth (behind Costco Wholesale), with 6 percent. So even if Kroger and Albertsons merged, they would be only a little more than half of Walmart’s size.

Organizations: Kroger Co, Albertsons Companies Inc, titans, Federal Trade Commission, Albertsons, Walmart, Sam’s Club, Solomon Partners, Kroger, Costco Wholesale Locations: United States

☆ Popular eye ointments may not be sterile, recall warns
▼ + stars: | 2024-02-28 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Eye ointments sold at CVS and Walmart may not actually be sterile, a recall posted by the US Food and Drug Administration warned. On Feb. 26, the FDA posted a voluntary recall from Brassica Pharma, which is recalling several eye ointments with expiration dates ranging from February 2024 to September 2025. This recall is the latest in the FDA’s increased focus on eye products. The agency warned that potential contamination can be a serious health risk because medication applied directly to the eye can “bypass some of the body’s natural defenses.”Brassica’s recall includes brands of eye ointments at popular retailers: Equate Lubricant Eye Ointment (Walmart’s private label), Equate Stye Lubricant Eye Ointment, CVS Health Lubricant Eye Ointment and the Lubricant PM Ointment, which is distributed by AACE Pharmaceuticals. The recall warned customers to stop using the eye ointment and said they can return it.

Persons: ointments, ”, CNN’s Carma Hassan Organizations: New, New York CNN, CVS, Walmart, US Food and Drug Administration, FDA, Pharma, AACE Pharmaceuticals, CNN Locations: New York

☆ Why Walmart is buying Vizio
▼ + stars: | 2024-02-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

Walmart announced Tuesday that it’s buying TV maker Vizio for $2.3 billion to shore up its advertising business and create a more potent rival to Amazon’s booming ad business. The deal would give Walmart more ways to offer ads through Vizio televisions, as well as create entertainment options exclusively for customers with Vizio TVs. “We also believe it enables a profitable advertising business that is rapidly scaling,” Walmart US chief revenue officer Seth Dallaire said in a news release Tuesday. Walmart wants to move into the lucrative advertising space to supplement its low-margin retail business. Its advertising business reached $3.4 billion last year, but makes up less than 1% of its total sales.

Persons: Seth Dallaire, Roku Organizations: New, New York CNN, Walmart, Smart, Kroger, Target, Google, Facebook Locations: New York, America

☆ Sam's Club CEO wants to use AI-powered cart scanners to ring you up automatically
▼ + stars: | 2024-02-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The high-tech system uses computer vision to recognize the contents of Sam’s Club members shopping carts to confirm their purchases as they exit the warehouse — dispensing with the need for physical receipt checks. Currently installed in 10 stores, the big blue gateways are already a hit with customers, Sam’s Club CEO Chris Nicholas said on Walmart’s fourth-quarter earnings call Tuesday. Sam’s Club is a Walmart-owned company. AdvertisementSam's Club uses computer vision and AI to confirm purchases in shoppers' carts in real-time. Sam's Club US's chief merchant, Megan Crozier, even threw some shade at the small-format tech during the company’s presentation at the Consumer Electronics Show in Las Vegas.

Persons: —, Chris Nicholas, Megan Crozier, Doug McMillon, ”, Sam's Club's Nichols, Nicholas Organizations: Service, Sam's, Sam’s Club, Business, Sam’s, Walmart, US's, Consumer Locations: Las Vegas

☆ Walmart Reports Rising Holiday Sales as Shoppers Seek Value
▼ + stars: | 2024-02-20 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +2 min

The NumbersWalmart said its comparable store sales were up 4 percent in the three months that ended in late January compared with the year before. In addition to its same-store sales, Walmart said its U.S. e-commerce business increased 17 percent. At the same time, many retailers, including Walmart, focused on value last year as the economy cooled and shoppers became more selective. The Road AheadAnalysts expect retail sales to continue to moderate this year after a surge in consumer spending during the early stages of the pandemic. U.S. retail sales fell 0.8 percent in January from a month earlier, according to data released from the Commerce Department last week.

Persons: John David Rainey Organizations: Walmart, Target, Kroger, National Retail Federation, Analysts, Commerce Department Locations: U.S

☆ Five moves Walmart is making to overhaul its business for the future
▼ + stars: | 2024-02-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. Stock splitThe mega-retailer announced a 3-for-1 stock split that takes effect this week. A stock split means a single share gets split into multiple shares. Under the plan Walmart announced, people who own shares by close of business on February 22 will get two additional new shares of Walmart for every share they own.

Persons: Doug McMillon, Jeffries, “, ”, McMillon, Burt Flickinger, Blake Droesch, CNN’s Parija Kavilanz, Nathaniel Meyersohn, Elisabeth Buchwald, Alicia Wallace Organizations: New, New York CNN, Walmart, ”, Labor, Consumer, Microsoft, Strategic Resource, CNN, Costco, Telsey Group, Target, Intelligence, FactSet Locations: New York, Arkansas, Las Vegas

☆ 3 ways buying Vizio would send Walmart's ad business surging and put Amazon on notice
▼ + stars: | 2024-02-15 | by ( Ryan Joe | Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Walmart is reportedly in talks to buy TV manufacturer Vizio for over $2 billion , in an effort to bolster its ad business, according to The Wall Street Journal. Here are three ways Vizio would power-up Walmart's ad business and make it a much bigger competitor to Amazon, according to several ad industry experts. While Walmart buying Vizio would grow its ads business, it would also improve the margins for its current ad business, said Nikhil Raj, chief business officer of adtech company Moloco’s retail media business. The new inventory Walmart would inherit would let it tap TV and branding budgetsIf Walmart buys Vizio, it would inherit connected-TV ad inventory, which it doesn’t currently have. Most of Walmart’s retail media business comes from search ads , though it’s expanded that to include some display and video ads.

Persons: you’ve, there’s, ”, Nikhil Raj, Raj, Walmart.com, ” Raj, doesn’t, it’s, ” Forrester, Nikhil Lai, Eric Franchi, Eric Seufert, Mobile Dev Organizations: Walmart, Wall Street, Amazon, Business, Vizio, CTV, “ Walmart, Walmart Connect, Connect, VC, Mobile Locations: Vizio, Walmart.com, “

☆ Biden calls on snack companies to stop shrinkflation ahead of Super Bowl
▼ + stars: | 2024-02-11 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Joe Biden doesn’t want corporate greed to eat into your Super Bowl snack spread. “The American public is tired of being played for suckers,” said Biden in the video. He called on companies “to put a stop to this,” but did not mention any actionable steps his administration would be taking. Biden also didn’t address the companies by name, although the video panned over snacks like Doritos, Wheat Thins and Gatorade, which were mentioned in Casey’s report. Another 13% who feel the economy is still in decline cite Biden or Democratic policies.

Persons: New York CNN — Joe Biden doesn’t, ”, Shrinkflation, Democratic Sen, Bob Casey of Pennsylvania, Biden, Wheat, SSRS, CNN’s Ariel Edwards, Levy Organizations: New, New York CNN, Twitter, Democratic, Gatorade, CNN, Democrats Locations: New York

☆ What Walmart’s new focus on employee stock could mean for the wealth of the average American household
▼ + stars: | 2024-02-03 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. It's not only managers that Walmart wants to encourage to buy into stock ownership. 1 employer, Walmart's decisions are likely to have significant ripple effects and could even lead to broader equity ownership among rank-and-file employees. Already companies such as Ingersoll Rand and Harley-Davidson have taken steps to broaden stock ownership to employees. "Stock ownership is a pillar of worker financial wellness."

Persons: John David Rainey, Chris Taylor, It's, John Furner, Doug McMillon, Biden, Marc Roloson, Aalap Shah, Pearl Meyer, Shah, Brian J, Albert H, Gordon, Stacey Kole, Ed Rataj, Michael Kestenbaum, Gallagher, Peter Follows, Kole, Ingersoll Rand, Davidson, Martin Whitman, Whitman, Pete Stavros's, Walmart's, Harvard's, WTW's Roloson Organizations: New York Stock Exchange, Walmart, International, NYSE, LinkedIn, Companies, Business Administration, Harvard Business School, The University of Chicago Booth School of Business, CBIZ, Carpedia, Harley, Just Locations: U.S

☆ Walmart’s stock is about to appear a whole lot cheaper
▼ + stars: | 2024-01-30 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: 1 min

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Walmart said it hasn't made any changes to store managers' pay structure in more than a decade. U.S. managers of the sprawling supercenters, which run about 180,000 square feet, will receive $20,000 in stock grants. Walmart said the stock grants will vest over a three-year period, with ownership for one-twelfth of the grant total coming every quarter. The new starting annual base salary for U.S. store managers will range from $90,000 to $170,000. That means that the average base pay for store leaders will go to $128,000 from $117,000, according to Cedric Clark, executive vice president of store operations at Walmart’s U.S. division.

Persons: hasn't, ”, John Furner, Furner, Cedric Clark Organizations: Walmart, U.S, Hometown, Walmart U.S, Walmart’s U.S Locations: Bentonville , Arkansas, U.S

☆ Walmart raises store managers’ pay for first time in a decade, average hits $128,000
▼ + stars: | 2024-01-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Now, Walmart is saying it’s going to pay the managers of those stores, charged with that huge responsibility, accordingly, with a new average salary of $128,000 a year. Walmart said Thursday it is boosting the average pay of its store managers from $117,000, or by just over 9%, the retailer announced Thursday. The company told CNN that it hasn’t made any changes to store managers’ pay structures in more than a decade, before a pandemic and all that followed subsequently, including a period of high inflation. Previously, the pay range for store managers was between $65,000 and $170,000, it said. The retailer noted that as many as 75% of its managers began their Walmart careers as hourly workers.

Persons: New York CNN —, hasn’t, ” Cedric Clark, ” Clark, “, CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Walmart, CNN, Walmart U.S, Target Locations: New York, The Minneapolis, Bentonville , Arkansas, U.S, Washington

☆ Ads for Match Group and Walmart ran alongside disturbing content on Meta’s platforms, court documents claim
▼ + stars: | 2024-01-10 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

Wednesday’s filing alleges that Match Group cut its advertising spending on Meta’s platforms over its concerns. Wednesday’s complaint cites an alleged email exchange between Match and Meta late last year in which the dating company asked how Meta prevented its ads from running next to inappropriate content. Meta responded saying it had removed some of the flagged content, including the group, the complaint states. Former Facebook employee-turned-whistleblower Arturo Bejar also told a Senate subcommittee in November that Meta’s top executives, including Zuckerberg, ignored warnings for years about harm to teens on its platforms. Zuckerberg and Meta are refusing to be honest and transparent about what is taking place on Meta’s platforms,” Torrez said in a statement to CNN Wednesday.

Persons: General Raúl Torrez, Torrez, Mark Zuckerberg, Meta, ” Meta, Andy Stone, “, we’ve, provocatively, Harley Davidson, ”, Zuckerberg, Arturo Bejar, Mr, Meta’s Stone Organizations: New, New York CNN, Group, Walmart, Meta, CNN, Wall, Facebook, Wednesday Locations: New York, New Mexico, Mexico, “, TikTok

☆ Walmart is betting big on new technology. But can it deliver where others haven’t?
▼ + stars: | 2024-01-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart is joining the AI, drone and tech race. The superstore announced that it is offering drone delivery for up to 75% of the Dallas area’s population, or about 1.8 million homes. But drone delivery as a concept isn’t new, and Walmart’s timeline to take off in Dallas is remarkably short. Normally, customers who need to shop for a Super Bowl party search for items on the Walmart app individually, the company said. Walmart also announced advancements in its InHome service, which it debuted in 2019 to deliver groceries straight into customer’s refrigerators.

Persons: Doug McMillon, Satya Nadella, it’s, ” McMillon, John Locher, Jeff Bezos, Prathibha Rajashekhar, It’s, Walmart’s InHome Organizations: New, New York CNN, Walmart, Consumer, Sam’s Club, CES, Sam’s, Fort, Dallas, Amazon, UPS, Volkswagen, Federal Aviation Administration, CNBC, FAA, Amazon’s, Air, Technology, Microsoft, Apple, Super, Business Locations: New York, Las Vegas, Dallas, Fort Worth Area, Italy

New York CNN —Walmart confirmed on Friday that it is not advertising on X, the social media platform owned by Elon Musk and formerly known as Twitter. “We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokesperson said in a statement to CNN. A number of prominent brands paused their advertising on X, last month following Musk’s public embrace of an antisemitic conspiracy theory favored by White supremacists. “I don’t want them to advertise,” Musk said at the New York Times DealBook Summit in New York. “If anyone is killing X, it’s Elon Musk – not advertisers,” she said.

Persons: Elon Musk, White supremacists, Joe Benarroch, Musk, dumbest, ” Musk, ”, didn’t, Craig Atkinson, CNN it’s, Big, they’re, Jasmine Enberg, it’s Elon Musk, “, Personally, ” Enberg, Benjamin Netanyahu, Isaac Herzog, Israel “ wasn’t, he’s, – CNN’s Jennifer Korn Organizations: New, New York CNN, Walmart, Elon, CNN, Reuters, New York Times DealBook, Disney, Paramount, Comcast, Lionsgate, Warner Bros, Insider Intelligence, Intelligence, Israeli Locations: New York, Israel

☆ The Best Walmart Black Friday Deals 2023
▼ + stars: | 2023-11-22 | by ( Leslie Yazel | ) www.wsj.com time to read: +1 min

Keep browsing sales in our guide to Target’s sale as well our big list of sale items from popular retailers and brands. For early access to Walmart deals that start on Nov. 22, consider joining Walmart+. The paid membership will enable you to shop the retailer’s deals six hours before nonmembers—and potentially before popular products sell out (our writer’s favorite home power station is one of those deals). You can find additional buys in our dedicated tech deals guide. For clothing and shoes from other retailers, don’t miss our handpicked guide with the latest deals for your wardrobe.

Persons: Leslie Yazel, nonmembers —, you’ve Organizations: Walmart, Paramount, Electronics, Apple, Samsung, Sony Locations: U.S

☆ Holiday shopping: Months-long sale season may dilute the impact of Black Friday
▼ + stars: | 2023-11-21 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

The day after Thanksgiving historically has marked the start of the holiday shopping rush. This matters because the November-December gift-buying months combined can account for about 20%, or a sizable chunk, of retailers’ sales for the full year. Retailers this year trotted out early Black Friday-like deals weeks ahead of the annual day-after-Thanksgiving shopping bonanza. “It is a lengthier shopping season because retailers were rolling out early Black Friday deals as early as October. Walmart’s first round of early Black Friday deals included a 50-inch TV house brand for $148.

Persons: New York CNN —, “, ”, Marshal Cohen, Cohen, Yuki Iwamura, Adam Davis, Wells, they’ll, Cohen doesn’t, doorbusters, Julie Ramhold, ” Ramhold, Charlie Riedel, Walmart’s, “ I’m, Chromebooks Organizations: New, New York CNN, National Retail Federation, Getty, Retailers, “, ”, Shoppers, Apple, Valentine’s Locations: New York, AFP, Wells Fargo

☆ Best Dyson Black Friday Sales & Deals 2023
▼ + stars: | 2023-11-20 | by ( Nick Guy | ) www.wsj.com time to read: +3 min

But parsing through the product lineup—with its many models and variations—can be confusing, especially when you’re trying to take advantage of holiday sales. Here are the Dyson Black Friday deals that are worth shopping this year. VacuumsWe ranked the V15 Detect as the best overall cordless vacuum after our hands-on testing and comparing it to other highly regarded models. The Outsize+ (not to be confused with the Outsize Plus) is another one of our favorite cordless, stick-style vacuums. HumidifierOur research and testing proved that the Dyson Purifier Humidify+Cool Formaldehyde is the best premium humidifier.

Persons: Nick Guy Dyson, Dyson, Vacuums, you’ve, that’s Organizations: Amazon Locations: Japan

Social media’s antisemitism problemThe rise in antisemitism since the outbreak of war in the Middle East has ignited a clash between Wall Street donors and universities, and divided some workplaces. Now, the pressure is building on social media platforms, particularly Elon Musk’s X and TikTok, with advertisers, celebrities and influencers pulling spending and confronting executives about the proliferation of hate speech. He posted to X his support for white nationalist conspiracy theories that Jewish communities were spreading hatred. Yaccarino was brought in to win back advertisers after Musk bought Twitter last year and culled many content moderators. More than a dozen Jewish celebrities and creators, including the actors Sacha Baron Cohen, Debra Messing and Amy Schumer, confronted TikTok executives this week.

Persons: Elon Musk’s, Adolf Hitler, Musk, X’s, Linda Yaccarino, Yaccarino, “ Linda, ” Martin Sorrell, DealBook, TikTok, Sacha Baron Cohen, Debra Messing, Amy Schumer, “ Hitler, Anne Frank ”, Cohen, ”, Osama bin, bin Laden, —, Alex Haurek, George Santos, Biden, Xi Jinping, Doug McMillon, Walmart’s, “, ” Brian Cornell, ’ Organizations: IBM, Media, America, Nazi Party, Apple, Oracle, Defamation League, Twitter, S4 Capital, House, Big, General Motors, Hyundai, Republican, Justice Department, Business, APEC, West Texas Intermediate, Consumers, Depot, Walmart Locations: TikTok, New York, Hong Kong, China, San Francisco, Beijing, Washington, U.S

☆ Welcome to Walmart’s Black Friday Sale
▼ + stars: | 2023-11-16 | by ( Leslie Yazel | ) www.wsj.com time to read: +1 min

Keep browsing sales in our guide to Target’s sale as well our big list of sale items from popular retailers and brands. For early access to Walmart deals that start on Nov. 22, consider joining Walmart+. The paid membership will enable you to shop the retailer’s deals six hours before nonmembers—and potentially before popular products sell out (our writer’s favorite home power station is one of those deals). ElectronicsMarkdowns on tech are common during Walmart’s Black Friday sales and this year is no exception. You can find additional buys in our dedicated tech deals guide.

Persons: Leslie Yazel, nonmembers — Organizations: Walmart, Paramount, Electronics, Apple, Samsung, Sony Locations: U.S

☆ Walmart can overcome its dulling inflationary edge
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

The company’s top line grew 5.2% in the third quarter from a year earlier while the bottom line swung to a profit. Revenue growth may now slow while costs, including wages, could take longer to come down and squeeze profit margins. Operating expenses ticked up nearly a percentage point, to 21% of net sales, from the previous three quarters. Even if the price of eggs is getting cheaper, there’s no clear reason Walmart’s stock should do the same. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Walmart Doug McMillon, Donald Trump, Eisenhower, Joshua Roberts, Doug McMillon, McMillon isn’t, Jennifer Saba, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Walmart, REUTERS, Reuters, X, Thomson Locations: Washington , U.S, China

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