close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Wal-Mart Stores Inc

Wal-Mart to buy Bonobos, but shares dip on Amazon-Whole Foods deal

Wal-Mart Stores Inc said on Friday it would buy online men`s fashion retailer Bonobos Inc for $310 million, in its fourth e-commerce deal in under a year, as it seeks to bridge the gap with e-commerce leader Amazon.com Inc.

Jun 17, 2017, 10:53 AM IST

Wal-Mart to sell China online unit to JD.com for a 5% stake

Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart`s reach in China to more customers.

Jun 21, 2016, 03:14 AM IST

Wal-Mart to shut 269 locations, to affect 16,000 employees

The move includes Wal-Mart`s largest-ever single culling in the United States, where the company is closing 154 stores. The other 115 stores are in Latin America, including 60 in Brazil. 

Jan 16, 2016, 10:13 AM IST

Wal-Mart to begin 'Cyber Monday' sales on Sunday post Thanksgiving

In an interesting change to 'Cyber Monday' sales day, global retail chain Wal-Mart Stores Inc has decided that the biggest online shopping day of the year will not start on Monday but start from Sunday.

Nov 24, 2015, 00:33 AM IST

Wal-Mart presses suppliers to share benefits of cheaper yuan

Wal-Mart Stores Inc is seeking price cuts from suppliers that produce goods in China, saying the retailer should share in the savings generated by China`s devaluation of the yuan, people with knowledge of the matter said.

Sep 24, 2015, 09:38 AM IST

Wal-Mart earnings miss estimates; company cuts outlook

Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its full-year forecast on Tuesday, citing investments in staffing and weaker margins in its U.S. pharmacy business.

Aug 18, 2015, 17:28 PM IST

Wal-Mart to launch e-commerce marketplace in India in July

Wal-Mart Stores Inc will launch its business-to-business e-commerce platform in the Indian cities of Lucknow and Hyderabad in the first week of July, its India boss said on Friday.

Jun 14, 2014, 09:57 AM IST

Walmart spent $334 mn in severing ties with Bharti Enterprises

US retail giant Wal-Mart, which ended 6-year-old joint venture with Bharti Enterprises last year, spent USD 334 million to break ties with the Indian firm.

Apr 28, 2014, 11:42 AM IST

Wal-Mart’s plans to become India’s top retailer by 2015 hit roadblock

Three years ago Wal-Mart Stores Inc. set out to be India's top retailer by 2015, calling it Project Jai Ho, meaning ‘let there be victory’.

Apr 02, 2013, 18:15 PM IST

Studying India's conditions on FDI in retail: Walmart

US-based global retail giant Walmart Thursday said it is studying the conditions related to India's allowing foreign direct investment in multi-brand retail before making the final announcement on its entry plans.

Jan 25, 2013, 00:04 AM IST

Walmart denies any wrongdoing in India

Walmart had triggered a controversy in India after it revealed about Rs 125 crore was spent in India.

Dec 12, 2012, 09:17 AM IST

No early hearing on Wal-Mart lobbying issue: SC

"This is not a matter which should be given priority now. We won't pass any orders. You may make an application," a bench headed by Chief Justice Altamas Kabir said.

Dec 11, 2012, 18:49 PM IST

RBI has no data of Wal-Mart's Rs 455 cr in Bharti unit

In a written reply to the Rajya Sabha, Commerce and Industry Minister Anand Sharma said on March 29, 2010, Cedar Support Services Ltd (a subsidiary of Bharti Ventures) issued 45.58 crore compulsorily convertible debentures (CCDs) with face value of Rs 10 each.

Sep 05, 2012, 19:04 PM IST

Wal-Mart profit below Wall St despite better sales

Wal-Mart Stores Inc's quarterly profit growth missed Wall Street expectations on Tuesday as the economy continues to weigh on customers at Walmart US, by far the company's largest division.

Nov 15, 2011, 20:06 PM IST

Walmart updates apps to reach tech-savvy shoppers

Wal-Mart Stores Inc shoppers can now research the trove of product data the world`s largest retailer gathers, through a new iPad app.

Nov 09, 2011, 12:49 PM IST

Walmart updates apps to reach tech-savvy shoppers

Wal-Mart Stores Inc shoppers can now research the trove of product data the world`s largest retailer gathers, through a new iPad app.

Nov 09, 2011, 12:49 PM IST

Final FDI policy to decide entry into multi-brand: Walmart

US retail giant Wal-Mart Stores Inc Friday said its entry into India's multi-brand retail would depend on the FDI policy and the conditions required for getting into the segment.

Jul 29, 2011, 17:58 PM IST