Walmart powered through a strong second quarter, with comps gaining 2.8% in the U.S. and the retailer’s e-commerce operations boosting sales.
Walmart is reportedly making organizational changes as it continues to integrate its store, digital and omnichannel operations, according to a memo obtained by CNBC that was sent by CEO Doug McMillon to the retailer’s employees.
With rain and flooding continuing and expected to worsen across much of the Midwest and South, and communities in Ohio, Kansas, Missouri, Indiana, and Texas still experiencing ongoing relief needs due to the recent outbreak of tornadoes, Walmart, Sam’s Club and Walmart.org have committed to double the support provided so far this spring, bringing the total commitment to $1 million.
According to eMarketer, Walmart will overtake Apple to become the third largest e-commerce retailer in the U.S. by the end of the year, with online sales growth outpacing even Amazon.com gains.
The Walmart U.S. business delivered the best quarterly comp sales results for the retailer in more than a decade during the second quarter. Walmart also highlighted new features in its home category online shopping platform as well as the expansion of its brand assortments.
Walmart is testing a smaller format retail concept from its Sam’s Club division, according to a recent report in the Dallas Morning News.
Walmart is inviting entrepreneurs to its upcoming Open Call, which is scheduled for June 13 in Bentonville, AR.
Sam’s Club has partnered with Instacart to bring same-day delivery of groceries and everyday essentials to several markets across the U.S.
In what it characterized as a decision to share the benefits of a lower tax rate, Walmart is increasing the starting wage rate for all hourly associates in the U.S. to $11, expanding maternity and parental leave benefits and providing a one-time cash bonus for eligible associates of up to $1,000.