WMT

Nextbase Dash Cams Expands North American Retailer Availability; Offers Accessible Pricing and Deals for the Holiday Shopping Season

Retrieved on: 
Monday, November 21, 2022

Dash cams are rapidly gaining popularity in the U.S. as drivers look to have a clear and reliable record of events while on the road.

Key Points: 
  • Dash cams are rapidly gaining popularity in the U.S. as drivers look to have a clear and reliable record of events while on the road.
  • There is no question the consumer demand for dash cams is at an all-time high, said Richard Browning, Chief Marketing and Sales Officer for Nextbase.
  • Expanding Nextbases distribution through these strategic retail partnerships delivers on consumer needs by making dash cams more readily available and within reach for every driver.
  • In stores now, Sams Club currently offers two of Nextbases best-selling products at all 605 retail locations throughout the U.S.

Walmart Announces Nationwide Opioid Settlement Framework

Retrieved on: 
Tuesday, November 15, 2022

Walmart announced today it has agreed to a $3.1 billion nationwide opioid settlement framework designed to resolve substantially all opioid lawsuits and potential lawsuits by state, local, and tribal governments, if all conditions are satisfied.

Key Points: 
  • Walmart announced today it has agreed to a $3.1 billion nationwide opioid settlement framework designed to resolve substantially all opioid lawsuits and potential lawsuits by state, local, and tribal governments, if all conditions are satisfied.
  • Walmart believes the settlement framework is in the best interest of all parties and will provide significant aid to communities across the country in the fight against the opioid crisis, with aid reaching state and local governments faster than any other nationwide opioid settlement to date, subject to satisfying all settlement requirements.
  • Walmart strongly disputes the allegations in these matters, and this settlement framework does not include any admission of liability.
  • Walmart will continue to vigorously defend the company against any lawsuit not resolved through this settlement framework.

Company delivers strong revenue growth of 8.7% with strength across segments; Q3 FY23 GAAP EPS of ($0.66); Adjusted EPS of $1.50; Company raises full-year outlook on strong results for Q3

Retrieved on: 
Tuesday, November 15, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221114006112/en/
    Company delivered strong revenue growth globally, with strength in Walmart U.S., Sams Club U.S., Flipkart, and Walmex.
  • Walmart International net sales were $25.3 billion, an increase of $1.7 billion, or 7.1%, negatively affected by $1.5 billion from currency fluctuations.
  • Global advertising business grew over 30%, led by 40% at Walmart Connect in the U.S. and strength in Flipkart Ads.
  • Adjusted operating expenses as a percentage of net sales decreased 75 basis points, primarily due to strong sales growth and lower Covid-related costs.

Gatik named a TIME Best Invention of 2022 for World-First Fully Driverless Middle Mile Trucking Solution

Retrieved on: 
Thursday, November 10, 2022

Gatik has been named by TIME as a Best Invention of 2022 on its prestigious annual list.

Key Points: 
  • Gatik has been named by TIME as a Best Invention of 2022 on its prestigious annual list.
  • (Graphic: Business Wire)
    A few months after launching fully driverless deliveries with Walmart, Gatik expanded its fully driverless solution with Canadas leading food and pharmacy retailer, Loblaw Companies Limited (TSX: L, Loblaw).
  • We are humbled to have been named to the 2022 TIME Best Inventions list, said Gautam Narang, Gatiks CEO and co-founder.
  • In 2022, Gatik was named to Forbes list of Americas Best Startup Employers and by Fast Company as a World Changing Idea.

Walmart To Host Third Quarter Earnings Conference Call Nov. 15, 2022

Retrieved on: 
Tuesday, November 8, 2022

Walmart Inc. (NYSE: WMT) today announced it will hold a live conference call with the Investment Community at 7 a.m. CST Tuesday, Nov. 15, 2022, to discuss the companys third quarter earnings results for fiscal year 2023.

Key Points: 
  • Walmart Inc. (NYSE: WMT) today announced it will hold a live conference call with the Investment Community at 7 a.m. CST Tuesday, Nov. 15, 2022, to discuss the companys third quarter earnings results for fiscal year 2023.
  • The event will be webcast live and is accessible by visiting corporate.walmart.com/newsroom/financial-events and selecting the Third Quarter Earnings Release event.
  • The company will release its third quarter earnings results and related materials at 6 a.m. CST Nov. 15.
  • With fiscal year 2022 revenue of $573 billion, Walmart employs approximately 2.3 million associates worldwide.

Rubicon Announces Multi-Year Extension Agreement with Walmart

Retrieved on: 
Wednesday, November 2, 2022

Rubicon uses this data to increase tonnage per haul, which eliminates unnecessary trips to service partially full containers.

Key Points: 
  • Rubicon uses this data to increase tonnage per haul, which eliminates unnecessary trips to service partially full containers.
  • Since the two companies began working together in 2013, Rubicon has supported Walmart in a number of circularity projects.
  • We are thrilled to announce this extension agreement with Walmart, said Phil Rodoni, CEO of Rubicon.
  • Rubicon does not undertake, and expressly disclaims, any duty to update these forward-looking statements, except as otherwise required by applicable law.

POPABLE AND WALMART JOIN FORCES TO HELP SMALL BUSINESS RETAILERS GET BACK ON THEIR FEET AFTER THE PANDEMIC

Retrieved on: 
Monday, October 31, 2022

Small businesses will have the opportunity to rent out pop-up space in designated Walmart stores without being committed to a long-term lease.

Key Points: 
  • Small businesses will have the opportunity to rent out pop-up space in designated Walmart stores without being committed to a long-term lease.
  • Walmart partners with tech start-up Popable to offer small businesses pop-up shop opportunities inside their stores.
  • Small businesses can then be paired with their local participating Walmart to connect and enter into an agreeable temporary leasing agreement.
  • Due to the pandemic, many small businesses across the nation severely suffered to the point where they had to close shop.

EQS-News: Could MySize’s Brand New Apparel Sizing Tech Be Ideally Timed, With A Boom In Fashion E-Commerce?

Retrieved on: 
Friday, October 28, 2022

Could MySizes Brand New Apparel Sizing Tech Be Ideally Timed, With A Boom In Fashion E-Commerce?

Key Points: 
  • Could MySizes Brand New Apparel Sizing Tech Be Ideally Timed, With A Boom In Fashion E-Commerce?
  • Even amid the economic downturn, one sector fashion and apparel could fuel the e-commerce industrys growth.
  • A trend report by BigCommerce Holdings Inc. (NASDAQ: BIGC) revealed that the fashion and apparel sector has been an e-commerce powerhouse this year, outpacing overall e-commerce sales in North America.
  • The sector is expected to grow by 13% this year, with consumers set to spend $204.9 billion on fashion items online.

Walmart Transforms Regional Distribution Center in Palestine, Texas into High-Tech Facility

Retrieved on: 
Wednesday, October 26, 2022

Today, Walmart is announcing the completion of the renovations made to the retrofitted regional distribution center (RDC) in Palestine, Texas, transforming it into a high-tech automation center.

Key Points: 
  • Today, Walmart is announcing the completion of the renovations made to the retrofitted regional distribution center (RDC) in Palestine, Texas, transforming it into a high-tech automation center.
  • View the full release here: https://www.businesswire.com/news/home/20221026005699/en/
    Walmart Transforms Regional Distribution Center in Palestine, Texas into High-Tech Facility (Photo: Business Wire)
    Walmarts Palestine distribution center has been a pillar in the community for the last 42 years, and were excited to transform our building into an industry-leading, high-tech distribution center.
  • Walmart supports local businesses, spending $81.3 billion with Texas suppliers in FYE22 and supporting 781,994 Texas supplier jobs.
  • In FY22, Walmart and the Walmart Foundation contributed more than $142.4 million in cash and in-kind donations to local nonprofits in Texas.

Walmart Health Grows in Florida with 16 New Health Centers Opening in 2023

Retrieved on: 
Wednesday, October 26, 2022

Today, Walmart Health announced plans to bring more accessible, convenient, and affordable healthcare to communities in Florida with 16 new health centers.

Key Points: 
  • Today, Walmart Health announced plans to bring more accessible, convenient, and affordable healthcare to communities in Florida with 16 new health centers.
  • With these 16 new Walmart Health centers across the state, even more Floridians will have easy access to a wide range of high-quality health services at convenient hours and easy to understand prices.
  • Walmart Health offers omnichannel access to care seven days a week at convenient hours through in-person centers and Walmart Health Virtual Care.
  • Beginning in January 2023, select Walmart Health centers in Florida and Georgia will also offer comprehensive value-based care to certain Medicare Advantage patients, as part of a recent collaboration announcement between Walmart and UnitedHealth Group.