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Walmart Says Qtrly Inventory Fell 6.1% For Walmart U.S.
Walmart Reports Q1 GAAP Earnings Of $1.40 Per Share
Massmart Holdings Says Covid-19 Lockdown Had Significant Impact On Trading
Walmart Inc., formerly Wal-Mart Stores, Inc., is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States operating under the Walmart brands, as well as digital retail. The Walmart International segment consists of the Company's operations outside of the United States, including various retail Websites. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as samsclub.com. The Company operates approximately 11,600 stores under 59 banners in 28 countries and e-commerce Websites in 11 countries.
702 SW 8th St
Greg Boyd Penner
Non-Executive Chairman of the Board
C. Douglas McMillon
President, Chief Executive Officer, Director
M. Brett Biggs
Chief Financial Officer, Executive Vice President
Executive Vice President, Global Chief Technology Officer and Chief Development Officer
Rachel L. Brand
Executive Vice President, Global Governance, Chief Legal Officer, and Corporate Secretary
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The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.
-- Note: Reuters has not verified this story and does not vouch for its accuracy
Walmart Inc emerged among the winners of the coronavirus lockdowns, beating Wall Street's quarterly revenue and profit forecasts and setting an online sales record as millions of consumers stocked up on food and cleaning supplies.
Asda, the British supermarket arm of the world's biggest retailer Walmart, said on Tuesday its first-quarter comparable sales rose 3.5%, boosted by consumers stocking-up on food in response to the coronavirus crisis.
Americans increased their visits to supermarkets far more than to Walmart Inc stores as panic-buying peaked in mid-March, a Reuters analysis of foot traffic to retailers in the United States shows.
Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc, the world's largest retailer, added more than 90,000 jobs.
Walmart Inc's video-on-demand service, Vudu, said on Monday it would be acquired by Fandango Media LLC, a movie ticketing service owned by cable company Comcast Corp.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
* WALMART, FLIPKART AND WALMART FOUNDATION PROVIDE 460 MILLION RUPPES OF SUPPORT TO INDIA’S COVID-19 FIGHT
Walmart Inc <WMT.N> said on Friday it would hire 50,000 more workers at its stores, clubs and distribution centers to meet a surge in demand for groceries and household essentials from consumers stockpiling during the coronavirus outbreak.
* WALMART U.S. PRESIDENT FURNER SAYS WILL BEGIN REQUIRING THAT ASSOCIATES WEAR MASKS OR OTHER FACE COVERINGS AT WORK
Walmart Inc said on Friday it would hire 50,000 more workers at its stores, clubs and distribution centers to meet a surge in demand for groceries and household essentials from consumers stockpiling during the coronavirus outbreak.
Activist investor Starboard is withdrawing its nominations to eBay Inc's board after the e-commerce company appointed Walmart executive Jamie Iannone as its chief executive officer, the firms said on Thursday.
EBay Inc on Monday appointed former Walmart Inc executive Jamie Iannone as its chief executive officer, effective April 27, sending shares higher.
The family of a Walmart Inc employee in Illinois who died after contracting COVID-19, the illness caused by the novel coronavirus, has filed a lawsuit accusing the retail giant of failing to adequately screen and protect workers.
An Indian retail group has asked a court to allow the restart of an antitrust investigation into Amazon.com Inc <AMZN.O> and a Walmart <WMT.N> unit that is on hold following a legal challenge by the companies, a court filing seen by Reuters showed.
Walmart Inc said on Friday it would limit the number of customers in a store at a time, starting April 4, to encourage social distancing among its customers.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
Walmart <WMT.N>, the world's largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the coronavirus crisis is over, said a person familiar with the situation.
Walmart Inc said on Tuesday it would start taking the temperature of employees and provide them with masks as it addresses growing safety concerns among retail workers laboring through the coronavirus crisis.
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