Walmart news covering earnings, e-commerce growth, supply chain, Sam's Club, advertising, grocery pricing, and the largest US retailer.
Walmart is reassuring its workforce that artificial intelligence will enhance their roles rather than eliminate them. The company emphasizes AI as a tool to assist employees, aiming to alleviate concerns about job displacement.
Walmart and Target are ramping up beauty investments, with Target planning Beauty Studio in over 600 locations and Walmart introducing Beauty Expert associates. The moves aim to capture share from specialty retailers as the global beauty market is projected to reach $590 billion by 2030.
Warehouse workers in Mississauga, Ontario signed the first-ever collective agreement with Walmart, including a pay bump, working condition guarantees, and a lump sum payout to settle unfair labour practice allegations. Unifor president Lana Payne called the deal a 'historic and powerful step'.