TOPIC

/ company

Walmart

Wal-Mart Stores was founded in 1962 by Sam Walton, and is headquartered in Bentonville, Arkansas. It is the world’s largest retailer, and is controlled by the Walton family. Its supermarkets are branded as Walmart.

Chairman / President

Doug McMillon

CEO / Managing Director

Doug McMillon

CFO / Finance Director

John David Rainey

Industry

Retail

Website

walmart.com

Headquarters address

702 S.W. 8th Street, Bentonville, AR 72716, USA

Stock Code

NYSE:WMT

Year founded

1962

last updated:

2 October, 2024

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E-commerce

Walmart partners with Chinese delivery giant Meituan for speedy service

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Christmas

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E-commerce

Temu, Shein branch deeper into selling toys during holiday shopping season

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Both Temu and Shein are seeing increased international demand for toys. Photo: Shutterstock

Smartphones

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Xiaomi says an investigation report on Flipkart contains sensitive business data on the smartphone firm that was not redacted, sources say.

23 Sep 2024 - 4:34PM

Banking & finance

Explainer | How 5 international brands are growing in China despite spending downturn

Arc’teryx, Adidas, Ralph Lauren, Sam’s Club and Yum China are all growing their China sales, but for different reasons.

22 Sep 2024 - 11:30AM

United States

Gas pipeline near Houston erupts in a towering flame, forcing evacuations

Pipeline explosion in Deer Park, Houston, was sparked by a vehicle hitting an above-ground valve.

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A pipeline with a giant plume of fire burns on Monday in La Porte, Houston, Texas. Photo: Houston Chronicle via AP

E-commerce

Walmart sells JD.com stake for US$3.6 billion, ending relationship since 2016

The deal comes as a property crisis, market volatility and uncertain job prospects take a toll on consumption in mainland China.

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China's economic recovery

Mindful China shoppers embrace members-only retailers like Walmart’s Sam’s Club

Some bulk retailers on the mainland have carved out niche roles among shoppers, including bargain hunters from across the border in Hong Kong.

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India

Delivered in an instant: India’s quick commerce apps shake up online shopping

There’s no minimum spend, prices are low and orders from apps like Blinkit and Swiggy’s Instamart arrive in a matter of minutes.

17 Jun 2024 - 12:00PM

A delivery rider picks up groceries from a Swiggy warehouse in New Delhi. Swiggy, which launched Instamart in 2020, was a pioneer of India’s quick-commerce industry. Photo: Reuters

Millionaires and billionaires

How Walmart’s discreet heirs make and spend their billions

The billionaire Walmart heirs are collectively worth more than Elon Musk or Jeff Bezos – from Sam Walton to his children, and the late John’s wife and son

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Rob, Alice and Jim Walton are all members of the enormously wealthy Walton family. Photo: Getty Images

Celebrity children

Who is Walmart heiress Paige Laurie – and where is she now?

Rumour has it that billionaire Walmart heiress Paige Laurie has tied the knot again – she was spotted sporting a white minidress while in Paris with her fiancé Alexander Ersoff and parents last weekend

7 Jun 2024 - 6:00AM

US-China relations

US should reform China tariffs to target tech transfers, panel hears

Make ‘knowledge-intensive sectors’ a focal point and remove import taxes that offer no strategic value and hit working Americans hard, economist says.

24 May 2024 - 3:59AMvideocam

Hong Kong economy

Exclusive | ‘Retail crisis’ ahead? Megastore Sam’s Club to offer online shopping in Hong Kong

Supermarket chain will roll out an e-commerce service for Hongkongers soon, with free delivery available for purchases of 599 yuan, Post learns.

12 May 2024 - 11:45AM

Shoppers line up to check out items at a Sam’s Club in Qianhai, Shenzhen. The US retailer is planning to launch online shopping in Hong Kong, sources have said. Photo: Eugene Lee

Hong Kong economy

Hongkongers hunt for roast chicken, other bargains at US warehouse store in Shenzhen

Residents catch cross-border buses and sign up for shopping spree tours to visit Sam’s Club outlet in Qianhai, buoyed by bargain prices and strong Hong Kong dollar.

10 Jan 2024 - 12:17AMvideocam

Hongkongers at a Sam’s Club outlet in Shenzhen stock up on goodies. Photo: Eugene Lee

Banking & finance

Exclusive | Hong Kong, Greater Bay Area to fuel US$50 million decarbonisation fund

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3 Jan 2024 - 9:55AM

Bangladesh garment industry

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Fame and celebrity

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Actress Sofia Vergara and her son Manolo Gonzalez Vergara at the People’s Choice Awards in 2017. Photo: FilmMagic

Bangladesh

Fashion brands face higher costs as Bangladesh workers get almost 60% pay hike

Following a week of deadly clashes between garment workers and police over pay, the government announced a 56.25 per cent wage hike starting on December 1 – the first increase in five years.

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Bangladesh

Striking Bangladesh garment workers clash with police as factories reopen

Clashes broke out after thousands of workers attempted to prevent their colleagues from returning to their shifts. Workers say an increase in living costs has left them struggling to provide for their families, and are demanding a pay-rise.

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Canada

Canada probes Walmart and Hugo Boss over forced Uygur labour claims

In March, the UN said it was concerned about China’s treatment of its Muslim minority, including the use of forced labour against Uygurs. China denies the allegations.

25 Aug 2023 - 5:16AM

Canada is investigating allegations of Uygur forced labour in the supply chains and operations of companies such as Walmart. Photo: AFP / Getty Images North America

Singapore

How Singapore-based, China-founded Shein is beating Amazon, Walmart in Africa

Shein has already caused such a stir that retailers are spooked and regulators are investigating if it has exploited import tax loopholes when sending parcels to shoppers.

20 Aug 2023 - 1:19PM

Energy

Saudi Arabian oil giant Aramco’s profit falls nearly 40 per cent on lower prices

Aramco, which reported a nearly 40 per cent decline in second-quarter profit, attributed the decrease to lower crude oil prices and smaller refining and chemicals margins.

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Gun violence in the US

90 life sentences for shooter who killed 23 at Texas Walmart

Patrick Crusius, 24, pleaded guilty and agreed to the life sentences to avoid the death penalty but still faces Texas state charges that could result in the death penalty.

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Millionaires and billionaires

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The world’s richest women in 2023 include Alice Walton, Julia Koch, Françoise Bettencourt Meyers and Mackenzie Scott. Photos: AP, @julia_margaret_flesher_koch/Instagram, Reuters

China's border reopening

Shenzhen fair boosts hopes of strong post-pandemic recovery in e-commerce

Hundreds of e-commerce vendors and platforms including Alibaba Group Holding and Amazon flocked to a trade fair in Shenzhen in the hopes of connecting with producers and clients and stocking up for what they hope is a bout of robust post-Covid recovery in the global economy.

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More than 100,000 visitors are estimated to have attended the three-day China (Shenzhen) Cross-border E-commerce Fair. Photo: Iris Ouyang

Business of climate change

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13 Feb 2023 - 8:30AMvideocam

US-China relations

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17 Dec 2022 - 12:52AMvideocam

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