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☆ Walmart customers and employees can now play pickleball for free at dozens of courts across the US. Here's how to sign up.
  + stars: | 2023-04-06 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +3 min
Walmart is partnering with a racket-sports booking platform to create access to pickleball courts. Walmart did not respond directly when asked who is paying for use of the pickleball courts, only reiterating that it is "offering 125,000 court reservations." And on the website link to book courts, Walmart advertises its "favorite" pickleball supplies. How to reserve a free pickleball courtTo book a pickleball court through the partnership, Walmart employees and customers can go to www.breakthelove.com/x/walmart and select a court and time in their area. Walmart employees can access the comped reservations by entering a code on the booking platform.
☆ Walmart will add thousands of EV charging stations to stores by 2030
  + stars: | 2023-04-06 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +1 min
(Photo by Jakub Porzycki/NurPhoto via Getty Images)Walmart announced Thursday it plans to add electric vehicle charging stations to thousands of U.S. stores by 2030. The company announced it would expand its EV fast-charging network to Walmart and Sam's Club locations across the country, adding to the nearly 1,300 EV stations currently in operation at 280 of the company's locations. It plans to own and operate the EV charging stations in its national network. The Biden Administration recently announced an over $7.5 billion investment to launch a national charging network particularly in lower-income and rural communities. This will likely boost EV sales, which accounted for 7% of new U.S. vehicle registrations in January.
☆ Walmart's betting big on automation to boost productivity and profits
  + stars: | 2023-04-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart's betting big on automation to boost productivity and profitsCNBC's Melissa Repko joins 'Power Lunch' to report her key takeaways from the recent Walmart's two-day investor meeting in Tampa, Florida.
☆ Walmart aims for 65% of stores to be automation serviced by 2026
  + stars: | 2023-04-04 | by ( Siddharth Cavale | ) www.reuters.com   time to read: +3 min
The announcement, amid the U.S. retail giant's annual investor meeting in Tampa, Florida, comes as Walmart increasingly uses its huge stores to handle online-order deliveries and invests heavily in automation to speed up order processing at its e-commerce fulfillment facilities. Walmart, which operates more than 5,000 U.S. stores, did not immediately respond to questions about whether the moves will result in any near-term layoffs. It also kept its forecast for first-quarter sales to rise between 4.5% and 5% in constant currency. On a post-earnings call in February, Walmart CEO Doug McMillon said he was "most excited about the automation opportunity we have" with plans to increase investments in automation technology as part of its more than $15-billion capital spending budget this year. Reporting by Siddharth Cavale in New York and Deborah Sophia in Bengaluru; Editing by Sriraj Kalluvila and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
☆ As retail gets choppy, Walmart flexes its grocery muscle, deep pockets and huge reach
  + stars: | 2023-04-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +6 min
In this article WMT Follow your favorite stocks CREATE FREE ACCOUNTBloomberg | Bloomberg | Getty ImagesAs shoppers get thrifty, Walmart is flexing its muscles. And its huge reach allows Walmart to make money in other ways, including selling ads, offering delivery services and fulfilling online orders for third-party sellers. Here's a closer look at some key themes for Walmart that could emerge at the investor event:Checking the consumer's healthAs the nation's largest retailer, Walmart is a bellwether. It said it expects same-store sales for Walmart U.S. will increase between 2% and 2.5% excluding fuel, in the fiscal year ahead. The retailer will likely showcase how it is growing online sales and trying to make them profitable.
☆ Walmart's new website design might look familiar to Amazon users
  + stars: | 2023-04-03 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +3 min
The redesign offers a "product-focused experience," according to Walmart's e-commerce lead. Walmart's new website and app represent its latest move to try to gain ground on rival Amazon. At the end of the company's second quarter in 2020, it reported e-commerce year-over-year sales growth of 97%. For comparison, Walmart's e-commerce sales grew a healthy, but not as remarkable, 17% year-over-year in the most recent quarter. What do you think of Walmart's redesign?
☆ Starbucks' new CEO plans to spend time working at his company's coffee shops. Here's why every retail leader should take a shift on the sales floor.
  + stars: | 2023-04-03 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +7 min
Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. David Swanson/ReutersOf course, times have changed — in the past, many retail CEOs got their start at the store level. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.
☆ Walmart rolls out fresh look for its website and app
  + stars: | 2023-04-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +2 min
Walmart has redesigned its website and app to try to encourage shoppers to browse and buy more. Starting this week, all customers who browse the company's website and app will see bigger and glossier photos, videos and social media-inspired content that Walmart hopes will nudge more purchases. It anticipates same-store sales for Walmart U.S. will increase between 2% and 2.5% excluding fuel, in the fiscal year ahead. He said along with offering low prices, Walmart wants to catch customers' attention by putting fresh, trendy and seasonal items in front of them, such as spring dresses, patio furniture and toys for Easter baskets. He said the website and app's new look could also lift sales for third-party sellers that have joined or could join Walmart's marketplace.
☆ Walmart is slapped with 2 lawsuits in a week accusing the retailer of unfairly firing workers with chronic illnesses
  + stars: | 2023-03-31 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +5 min
The lawsuits say Walmart didn't accommodate the former employees, one who has Crohn's disease, and other, epilepsy. Crohn's disease is a chronic condition that causes inflammation in individuals' digestive tract. In early November 2016, Tucker went to the emergency room due to a "medical episode" and had to miss work, according to the lawsuit. Per the lawsuit, Walmart ignored those requests as well as subsequent ones, and did not excuse absences for further medical episodes. Per the non-profit Crohn's & Colitis Foundation, Crohn's disease does count as a disability under the ADA.
☆ There's a simple reason why it's very likely that the stock market bottomed in October
  + stars: | 2023-03-31 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
The stock market's October low likely represented the bottom of the bear market, according to Fundstrat. @mattcerminaroThe second most popular month for the stock market to bottom during a bear market is March, which happened twice since 1950. March includes perhaps the most famous bear market bottom of March 9, 2009, in the throes of the Great Financial Crisis. "Over past 50 years, two consecutive quarters never seen in a 'bear market," Fundstrat's Tom Lee said in a Friday note. But just because the stock market may have hit its cycle low, that doesn't mean new highs are right around the corner.
☆ Walmart store locations appear positioned well for consumer environment, says Evercore's Greg Melich
  + stars: | 2023-03-30 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart store locations appear positioned well for consumer environment, says Evercore's Greg MelichEvercore's Greg Melich joins 'Closing Bell' to discuss slowing U.S. consumption levels, Walmart's strength against competitors, and the rationale behind Evercore's Walmart upgrade.
☆ BAE Systems to work with Heart Aerospace on electric airplane battery
  + stars: | 2023-03-30 | by ( ) www.reuters.com   time to read: 1 min
LONDON, March 30 (Reuters) - Britain's BAE Systems (BAES.L) said on Thursday it would collaborate with Sweden's Heart Aerospace in developing a battery system for Heart's ES-30 regional electric airplane. The ES-30 will be powered by four electric motors, with an all-electric range of 200 kilometers, an extended reserve hybrid range of 400 kilometers with 30 passengers and an ability to fly up to 800 kilometers with 25 passengers, BAE Systems said. Heart Aerospace has a total of 230 orders and 100 options for the ES-30, along with letter of intent for an additional 108 airplanes. Reporting by Paul Sandle Editing by William Schomberg and Sarah YoungOur Standards: The Thomson Reuters Trust Principles.
☆ Evercore ISI upgrades says it's time to buy this retail giant on improving traffic trends
  + stars: | 2023-03-30 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Evercore ISI thinks it's time for investors to consider scooping up shares of Walmart . Analyst Greg Melich upgraded the retail stock to outperform from in-line, citing normalizing inventory and improving traffic trends. "The traffic turn appears to be building, and with consumers across the demographic spectrum making wallet allocation choices after several years of record nominal retail spending, Walmart is poised to regain share." "We might be early, as the April analyst day could pose a risk if management tries to bludgeon the Street to their guidance range," Melich wrote. "That said, with traffic momentum and margin expansion likely amidst a decelerating Retail world we like Walmart's scale, balance sheet and stability."
☆ Inside a shake-up at the world's 'most feared law firm'
  + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com   time to read: +30 min
It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.
☆ Virgin Orbit fails to secure funding, will cease operations and lay off nearly entire workforce
  + stars: | 2023-03-30 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +3 min
Virgin Orbit is ceasing operations "for the foreseeable future" after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting Thursday afternoon. "Unfortunately, we've not been able to secure the funding to provide a clear path for this company," Hart said, according to audio of the 5 p.m. Hart has been giving the company's employees brief daily updates since Monday, when Virgin Orbit delayed a scheduled all-hands meeting at the last minute. Virgin Orbit stock closed at 34 cents a share at the end of the regular session, having fallen 82% since the beginning of the year. A Virgin Orbit representative did not immediately respond to CNBC's request for comment.
☆ Walmart sued by EEOC for firing deli worker with Crohn's disease
  + stars: | 2023-03-28 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +3 min
Equal Employment Opportunity Commission sued Walmart for firing a North Carolina employee with Crohn's disease after the retail giant allegedly refused to grant her disability-related leave. The EEOC's complaint, filed in Charlotte federal court, accuses Walmart of violating the Americans with Disabilities Act in its treatment of deli worker Adrian Tucker. Tucker worked for Walmart between February 2014 and April 2017 at its Statesville store. According to the complaint, Tucker suffers from Crohn's disease, a chronic bowel condition that causes inflammation of the digestive tract, which can lead to stomach cramps, dehydration, vomiting and diarrhea. The EEOC alleges Walmart refused to provide reasonable accommodation to her when she experienced symptoms multiple times between November 2016 and April 2017.
☆ How Walmart is using A.I. to make shopping better for its millions of customers
  + stars: | 2023-03-27 | by ( Susan Caminiti | Kevin Travers | ) www.cnbc.com   time to read: +1 min
Amid the recent flurry of excitement around the transformational potential of ChatGPT is the fact that companies have been using artificial intelligence across their businesses for years. But few companies have the ability to gather the massive data sets that power AI quite like Walmart . There are roughly 4,700 Walmart stores and 600 Sam's Clubs in the U.S. employing a combined 1.6 million workers — or associates as the company likes to call them. "[Customers] are generating all these breadcrumbs about what they like and want and that's allowing us to make the shopping experience better," she said. At Sam's, that means staying on top of roughly 6,000 items stacked on shelves in warehouse stores that average 136,000 sq.
☆ Adam Driver asked NASA how it plans to save Earth from world-ending asteroids
  + stars: | 2023-03-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com   time to read: +5 min
Don't worry about such a large asteroid — an extinction-level space rock — approaching Earth anytime soon, NASA astronomer Kelly Fast was quick to clarify. NASA is studying and tracking down near-Earth asteroidsFast added that NASA's approach to any asteroid would depend on the asteroid's size and composition. Another NASA mission, called Osiris-Rex, landed on the surface of an asteroid in 2020 and scooped up its rocky space dust. Even though Driver and Fast didn't discuss that mission, the actor seemed impressed with NASA's efforts. "Thank you for your work in keeping the planet safe from world-ending asteroids plummeting into our planet," Driver said.
☆ Walmart lays off hundreds of workers at e-commerce facilities
  + stars: | 2023-03-23 | by ( Melissa Repko | ) www.cnbc.com   time to read: +2 min
Walmart is laying off hundreds of employees at e-commerce facilities across the country, as the big-box giant and other retailers brace for a tougher year ahead. Walmart, the nation's largest private employer, is shrinking its workforce as many retailers plan on roughly flat or declining sales. Walmart's e-commerce rival, Amazon , announced 9,000 job cuts on Monday, following 18,000 layoffs in January. Walmart anticipates slower sales growth and lower profits in the coming year, as Americans put more of their money toward buying necessities like food and household essentials. E-commerce sales for Walmart's U.S. business rose 12% in the most recent fiscal year, which ended Jan. 31.
☆ Exclusive: Walmart laying off hundreds of US workers at five e-commerce fulfillment centers
  + stars: | 2023-03-23 | by ( ) www.reuters.com   time to read: +3 min
NEW YORK, March 23 (Reuters) - Hundreds of workers at five U.S. Walmart facilities that fulfill e-commerce orders are being asked to find jobs within 90 days at other company locations, a spokesperson confirmed to Reuters. The layoffs at Walmart, a retail bellwether because of its size, could be a harbinger of further turmoil in the U.S. economy, which many economists predict could enter recession this year. Walmart is the largest private employer in the United States with about 1.7 million U.S. workers. Apart from Pedricktown, New Jersey, Walmart did not post a Worker Adjustment and Retraining Notification (WARN) notice for the layoffs, according to a Reuters review of labor government data. This, however, still lagged Target and Amazon, which pay workers a starting wage of at least $15 per hour.
☆ Walmart laying off hundreds from its warehouses as it doubles down on automation and braces for new era in online shopping
  + stars: | 2023-03-23 | by ( Gloria Dawson | ) www.businessinsider.com   time to read: +2 min
Walmart plans layoffs at five e-commerce fulfillment warehouses, per Reuters. The move comes as Walmart executives have touted new warehouse automation. The layoffs come as Walmart has increasingly touted warehouse automation, including its "next-generation fulfillment center." Although Walmart noted it had seen 17% growth year-over-year growth in e-commerce in the fourth quarter. As demand grows, we are maximizing our network of stores and fulfillment centers, to deliver items for online customers, when and how they want them," a Walmart spokesperson told Insider.
☆ India's Tata Group mulls pumping $2 bln into super app venture -Bloomberg News
  + stars: | 2023-03-23 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, March 23 (Reuters) - Indian salt-to-software conglomerate Tata Group is considering injecting another $2 billion into its super app venture to bolster its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. Tata Group has also asked Tata Digital to look for ways to boost the valuation of the super app, according to the report. A Tata Group spokesperson and Tata Digital declined to comment on the report. Tata launched the e-commerce super app in April last year, offering everything from apparel to air tickets in a renewed push for a slice of a fast-growing market dominated by Amazon.com (AMZN.O) and Walmart's (WMT.N) Flipkart. Reporting by Hritam Mukherjee in Bengaluru; Editing by Savio D'Souza and Varun H KOur Standards: The Thomson Reuters Trust Principles.
☆ 18 countries sent sharpshooters to a US military base in Germany to see who has the best sniper team in Europe
  + stars: | 2023-03-22 | by ( Stavros Atlamazoglou | ) www.businessinsider.com   time to read: +6 min
The 2022 version of the European Best Sniper Team Competition was one of the largest ever. The European Best Sniper Team CompetitionEstonian troops in a replica of a downed UH-60 Black Hawk helicopter during the European Best Sniper Team Competition on August 6. An Italian sniper team in a replica of a downed helicopter during the European Best Sniper Team Competition on August 6. The winnersCompetitors in the "1917" event during the European Best Sniper Team Competition on August 6. Snipers and modern warfareA Finnish Army sniper team at the European Best Sniper Team Competition on August 7.
☆ How to make $10,000 a month or more on OnlyFans, according to creators
  + stars: | 2023-03-21 | by ( Marta Biino | ) www.businessinsider.com   time to read: +4 min
From DMs to personalized content, here's how creators make $10,000 a month or more on OnlyFans. Ami Gan, the company's CEO, said in October 2022 that OnlyFans had paid out $10 billion to creators since its founding in 2016, and that the platform had over 2 million creators. Read more about how seven OnlyFans creators established their pricing strategiesDirect messaging: Some creators build their presence on OnlyFans based on the direct communication they establish with their fans and on connecting with them on a personal level through messaging. Promo "shoutouts": Creators rely on marketing tactics to get new customers, like buying and selling "shoutouts" from each other to advertise on OnlyFans and on other social-media platforms. How 6 OnlyFans creators built their incomes to over $10,000 per month:How 3 OnlyFans creators are making over $100,000 per month:
☆ Walmart stops selling 'horrific' stand used to restrain dogs during breeding after activists file a complaint
  + stars: | 2023-03-16 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +2 min
Walmart previously sold breeding stands that PETA say breeders use to force female dogs to have puppies. These items are now unavailable on walmart.com after PETA filed a complaint last month with the retail giant. PETA said Walmart's removal of the item is "a win for dogs and sets an example of compassion." The item sold for $139.61, and PETA lodged a complaint on February 23 with the company for selling it, according to the New York Post, which also reported that Walmart was the only big-box retail chain selling these devices. Per PETA, certain breeders use these products to force female dogs into repeatedly making puppies.
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