Walmart

Walmart

Walmart’s Sales Soar, Thanks to Grocery

Despite lowering its earnings forecast last month, Walmart’s double-digit growth in food sales propelled a same-store sales increase of 6.5% for the second quarter.

Walmart

How Inflation is Changing the Walmart Shopper

Surging grocery prices are bringing more mid- and high-income consumers to the value-focused retailer, while causing others to trade down; plus, sales of Walmart’s private label products are growing, executives revealed Tuesday.

The move, first reported by the Wall Street Journal, comes little more than a week after the retail giant said the impacts of inflation were forcing it to lower its earnings guidance for the coming year.

The retail giant partnered with Getaway, a company that rents very small camping cabins, on The General Store by Walmart, which will sell curated goods for vacationers.

The retail giant said it is being forced to take deep price cuts to move its inventory, cutting into its margins.

Customers can search in Spanish for more than 600,000 items.

The retailer plans to purchase 4,500 all-electric vehicles, set for Walmart deliveries beginning in 2023.

Previously a separate membership, Walmart's InHome service now will be an optional add-on for Walmart+ members.

"This announcement speaks to our bench strength of talent," Walmart Canada CEO Horacio Barbeito says in naming a new chief people officer and two new additions to the retailer's leadership team.

New tech will let shoppers scan store shelves to more easily find what they're looking for.

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