After a seven-year investigation, Walmart has entered into a global settlement with the United States Department of Justice and Securities and Exchange Commission regarding the company’s compliance with the U.S. Foreign Corrupt Practices Act, the retailer announced.
Hundreds of entrepreneurs and small businesses lined the halls at Walmart’s home office to pitch their U.S.-manufactured products to Walmart buyers. During the sixth annual Open Call event, more than 100 companies moved on to the next step, with several dozen getting deals on the spot to go on Walmart store shelves, the company said.
Tariffs are shaking up the supplier picture today for mass-market retailers while changing consumer preferences for trendier products is continuing to transform the market. Walmart’s two-day open call event, ending today, June 19, comes at an appropriate moment in a shifting retail landscape.
As it looks to sharpen its e-commerce growth opportunities, Walmart said it is repositioning the Jet.com business, integrating Jet’s teams into its core e-commerce operations.
Tramontina has teamed up with Walmart to allow consumers the ability to purchase cookware pieces they need, without having to invest in a set.
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.
To promote its 6th annual Open Call event, scheduled for June 18 and 19, Walmart surprised 25 entrepreneurs across the country by asking the unsuspecting business owners to stop by their local Walmart stores prepared to pitch their products to store managers, at which point they were presented with Open Call invitations.
In response to the floods and tornados that have continued to impact midwestern and southern states, including Alabama, Arkansas, Georgia, Iowa, Kansas, Missouri, Nebraska, Oklahoma, South Dakota and Texas, Walmart has stepped up its disaster relief efforts.
Walmart said that the merger of its subsidiary in the United Kingdom, Asda, with rival retailer Sainsbury, has been blocked by the U.K. Competition and Markets Authority.
Bed Bath & Beyond’s efforts to test new store layouts and merchandising techniques is the latest move by a major retailer to update its stores.