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☆ 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
☆ Walmart CEO says food deflation may come soon
  + stars: | 2023-11-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
New York CNN —Lower grocery prices may soon be coming for shoppers. Food prices have increased 25% since the pandemic started. The pace of food inflation has slowed in recent months, but food prices are mostly still going up. Food prices rose 3.3% annually in October from a year ago, according to the latest reading from the Labor Department. If you think prices will go down in the future, you may delay making a lot of purchases today.
Persons: Doug McMillon, ” McMillon, CNN’s Elisabeth Buchwald Organizations: New, New York CNN, Walmart, Labor Department, Federal Reserve Locations: New York, United States, Japan
☆ Why Walmart is closing half its stores in Chicago
  + stars: | 2023-04-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +8 min
Walmart announced Tuesday that next week it will close four poor-performing stores out of the eight it operates in Chicago. Now, it's closing four Chicago stores. Walmart said its remaining four Chicago stores “continue to face the same business difficulties,” but it believes closing these four will give the others the best chance of staying open. There were fears that Walmart and other businesses would leave Chicago, but Walmart pledged to stay and invest in the city. Some retailers have also cited higher levels of theft and other crime in their city stores.
☆ Walmart CEO says prices for toys and sporting goods are coming down
  + stars: | 2022-12-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Rob Wile | ) www.nbcnews.com   time to read: +1 min
Even as inflation persists, there are some bright spots where high prices are easing, Walmart's CEO said Tuesday. Toys, clothing, and sports equipment categories are all seeing prices come down, Doug McMillon told CNBC. “In toys, sporting goods, apparel, and categories like that, prices have come down more aggressively,” McMillon said in the interview. The categories are all ones in which big-box retailers placed large backlogs of orders as the pandemic set in. In the same interview on Tuesday, Walmart's McMillon warned that some grocery prices are still rising, including chicken and some dry goods.
☆ Walmart CEO: Inflation on toys, clothing and sports equipment is easing
  + stars: | 2022-12-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +1 min
New York CNN Business —Finally, shoppers are getting some good news about prices: Inflation is falling on discretionary merchandise just in time for the holidays, Walmart chief Doug McMillon said Tuesday. “In toys, sporting goods, apparel, categories like that, prices have come down more aggressively,” McMillon said in an interview on CNBC. Sporting goods were up 3%, while apparel was up 4.1%. McMillon said budget-conscious customers were most pressured by inflation, but other shoppers “have money to spend.”Kroger (KR)also said last week that food inflation was easing. “If you look at in our fresh departments, clearly, inflation is slowing down in many categories,” Kroger chief Rodney McMullen said on a call with analysts.
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