This holiday season, Walmart has added new features to make online shopping easier for gift givers, the company announced, including new categories in the Gift Finder tool, new ways to inform customers which items can be sent as a gift and a new eGift Card feature in the Walmart app.
According to a Placer.ai whitepaper report, the 2020 holiday shopping season kicked into high gear long before the leaves changed colors, with consumer concerns over unemployment and uncertainty about meeting-up with friends and families to exchange holiday gifts prompting consideration of new ways to celebrate, not to mention Amazon’s shift of Prime Day.
As the COVID-19 pandemic enters a new phase, Walmart third quarter sales and earnings maintain momentum as consumers turn to it, in store and online, to meet their ongoing needs.
In a deal that reduces its role in the Japanese retail market, Walmart has signed a definitive agreement with investment firm KKR & Co. and Internet services provider Rakuten under which KKR will purchase a majority stake and a new Rakuten subsidiary will purchase a minority stake in Seiyu GK at $1.6 billion.
Walmart is preparing for the holidays by leveraging new and existing technology in its supply chain network, using some of its current real estate differently by increasing its e-commerce fulfillment capabilities.
Market research firm Numerator has released new Prime Day 2020 findings that, coupled with survey data, indicate Amazon will lead the holiday shopping season in terms of household penetration in the U.S.
Gourmia said that both Costco and Walmart will be featuring the company’s air fryers on sale this holiday season in-store and online.
In a move that further intensifies its competition with Walmart and Amazon, Alibaba Group said it will invest approximately $3.6 billion in Sun Art Retail Group Limited, a leading hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately 72%.
Walmart is adapting to meet the evolving needs of its customers this holiday season. This includes a revamped Black Friday savings event, which will be spread out from one single day to three events to bring customers “Black Friday Deals for Days.”
More than 800 small businesses from across the country pitched their U.S.-manufactured products during 30-minute, one-on-one meetings with Walmart and Sam’s Club merchants as part of the company’s first-ever virtual Open Call event. Approximately 56% of these businesses self-report as diverse, and more than 175 received a “yes,” advancing them to the next stage in the process to land on store and club shelves.
Walmart is selling Asda, the company’s wholly owned U.K. business, for an enterprise value of £6.8 billion, on a debt-free and cash-free basis. The company is selling the chain to the Issa brothers, founders and co-CEOs of EG Group, a global convenience retailer, and investment funds managed by TDR Capital, a private equity firm.
In an initiative to tailor stores to operations as they’ve evolved, Walmart has developed a “customer-centric” redesign initiative that better accommodates the digital element of the business.
Normal is never going to look the same again, and although circumstances are shaping up to provide profound opportunity for housewares and home furnishings retailers, the emerging marketplace is going to require sweeping, even radical, departures from past practices.
Drew Barrymore is continuing to expand her Flower home brand with the launch of Flower Hair tools, a new category within the company’s portfolio.
After reviewing changing customer shopping behaviors and speaking with customers over the past six months, Walmart plans to address three key shopping trends expected for this unique holiday season: an increase in online shopping, evolving wish lists and the need for a fast, easy and safe shopping experience.
To support what has become an important part of its online business, Walmart said that Marcus by Goldman Sachs will invite its eligible marketplace sellers to apply for lines of credit offered.