❌ Walmart Shuts Down Four Stores in Chicago.
Since Walmart set up shop in one of the biggest U.S. cities, it has lost tens of millions of dollars, with its yearly losses doubling in the last 5 years. Walmart has acknowledged that they have failed to improve their stores in and around Chicago, despite investing over $70 million to make it better.
Walmart's CEO, Doug McMillon, recently unveiled sweeping changes in customer shopping experiences during a fourth-quarter earnings call with investors.
J.B. Hunt Transport Services has struck a long-term deal with Walmart, snagging their intermodal assets and committing to volume and capacity provisions.
Walmart has announced its acquisition of TV maker Vizio for $2.3 billion in cash, aiming to bolster its profitable advertising business.
Walmart, already a retail giant, is aiming to get even bigger. Over the next five years, the company plans to build or convert more than 150 large-format stores, with some expanding from smaller locations into Supercenters offering groceries and merchandise.
With approximately 14,000 drivers, Walmart has one of the industry's most elite driving forces and has added 5,800 drivers in the past five years.
Walmart has unveiled its largest drone delivery expansion plan, covering 1.8 million households in the Dallas-Fort Worth area.
Walmart's stock reached an all-time high, hitting $166.30, as investors anticipate the retail giant to outperform its competitors during the holiday season due to its reputation for offering value.
Former Walmart U.S. CEO Bill Simon has highlighted that ongoing inflation and various economic pressures are impacting retailers' ability to offer bargains, leading American consumers to be more cautious with their spending.
Walmart is planning to increase the involvement of its employees in making last-mile deliveries as it expands its third-party fulfillment capabilities, according to President and CEO Doug McMillon.
Walmart is expanding its drone delivery service by partnering with Wing Team, powered by Alphabet (Google's parent company).
The author unexpectedly joined a garbage truck ride-along, thinking it would involve residential recycling but ending up servicing commercial customers in Chicago.
Zara's billionaire founder, Amancio Ortega, is further expanding his logistics network in the U.S. with the acquisition of a logistics center in Inland Empire, California, for $109 million.
Retail giant Walmart has set its sights on promoting sustainable fashion within its supply chain
Walmart has opened its largest fulfillment center in McCordsville, Indiana, as part of its e-commerce growth strategy to reach 95% of the US population within two days of ordering.
Walmart and Sam's Club have announced an enhanced seafood policy aimed at improving transparency and data collection in the tuna supply chain.
Walmart has announced that it is implementing stricter standards for its tuna supply chain in an effort to combat issues that threaten the ocean ecosystem, including illegal fishing and abandoned fishing equipment.
Walmart suppliers have made significant progress toward achieving the retailer's goal of reducing greenhouse gas emissions from its value chain.
Walmart has announced new measures to reduce packaging waste in its online orders.
While supply chain disruptions have eased, inflation continues to persist.
Costco, Walmart, and Union Pacific have joined the Biden administration's Freight Logistics Optimization Works (FLOW) program, which aims to provide real-time visibility into U.S. supply chains through the exchange of company data.
The closure of major retailers like Walmart and Starbucks in big cities is driven by a combination of factors, including oversaturation of stores, remote work trends, online shopping, high rents, crime concerns, and difficulties in hiring workers.
While operating in different industries, Walmart, Chevron, and Cummins are all large, multinational corporations with significant global reach and impact.
Since Walmart set up shop in one of the biggest U.S. cities, it has lost tens of millions of dollars, with its yearly losses doubling in the last 5 years.
The retail giant Walmart/Sam's Club has announced plans to add more electric car charging ports to many of its locations around the country by 2030.
The retail giant has announced that it is now using autonomous forklifts to move supplies from trucks, which also lowers the cost of moving goods around a warehouse.
The Chicago Transit Authority is adjusting the strategy of operating electric buses throughtout the city, especially during the year’s coldest months.
Amazon is now exceeding Walmart in total retail sales and is continuing to expand, beating out Walmart by 0.1% at 7.3% of total retail sales.
While 41% of Americans were still working for home (with full-time or hybrid) in January, it’s safe to say that America’s biggest cities have faced a major shock to the system.
Walmart has signaled that customers will likely slow their purchasing, even after strong holiday sales and profit last quarter.
Walmart’s recent success, driven by higher-income shoppers, might not last.