Walmart Inc. has filed a lawsuit against BJ’s Wholesale Club Holdings Inc. for allegedly stealing technology related to a self-checkout option in the Sam’s Club mobile app, CNBC reported Wednesday. What Happened Walmart and its big-box warehouse subsidiary Sam’s Club accused BJ’s of using the technology in its contactless offering ExpressPay, launched last year. “Express Pay…
Heartbroken Dog Abandoned in Walmart Parking Lot Can’t Stop Hugging the Humans Who Rescued Him
A lonely, abandoned golden retriever mix had taken to living in a Walmart parking lot in rural Georgia. Although his owners knew of his whereabouts from locals, who told them more than once, they said they didn’t want him. He was flee-ridden, his fur matted, but more than anything else, the dog, who was later named…
Walmart to Hire More Than 5,000 Workers, Add Two New Hubs
Retail chain Walmart Inc. plans to hire more than 5,000 new associates globally to its tech hubs during the current fiscal year, the company said on Tuesday. The company’s technology unit Walmart Global Tech would be hiring for positions such as cybersecurity professional, product manager, and data scientist, among others. Walmart Global Tech will also…
Walmart Launches Virtual Fitting Room Technology: What Investors Need to Know
It appears one of the world’s top retailers, Walmart Inc., is making moves to improve its e-commerce business after the company on Wednesday introduced a new and innovative shopping experience that makes it easier for customers to shop for clothes online. What Happened Following Walmart’s acquisition of virtual fitting room platform Zeekit last year, the company is rolling out the acquired technology for customers shopping…
Target Raises Minimum Wage for Some Jobs to $24 an Hour
U.S. retailer Target Corp. announced on Monday that it will adopt a minimum wage system that would increase starting pay for some employees by as much as $9 an hour, with the highest pay going to hires in the most competitive markets. Target, which has roughly 1,900 stores and 350,000 employees in the United States,…
Walmart Tops Estimates as Demand Holds Firm Among Price-Sensitive Consumers
Walmart Inc. beat profit and sales expectations on Thursday and set a strong full-year earnings forecast, showing steady consumer demand at stores even as supply-chain issues and rampant inflation pressured margins. While Walmart increased prices on some products, the biggest U.S. retailer still undercuts rivals due to its scale and negotiating power with suppliers, helping…
Wall Street Eyes Walmart Results for Signs of Tighter Margins, Slower Growth
NEW YORK, NY—When Walmart on Thursday reports how it fared during the holiday quarter, investors also will want to see how higher labor, transportation, and materials may affect the retailer’s margins, given its “Everyday Low Price” strategy. Refinitiv estimates total gross margins to be 23.90 percent in the fourth quarter, down from 25.26 percent in…
Credit Suisse Chairman Resigns; Walmart Planning to Create Crypto, NFTs | NTD Business
The chairman of one of Europe’s largest banks is resigning, why is he leaving, and how will it impact the bank? Walmart appears to be entering the metaverse, with plans to sell virtual products and create its own digital currency. Tesla seeking to cut its reliance on China for a key component for batteries. Why the…
US Companies Continue to Cave in to Pressure From Beijing Over Human Rights
January 11, 2022
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News Analysis The lure of money that can be earned in the Chinese market has driven major U.S. companies to give in to Beijing’s demands at the expense of data security, integrity, and human rights. Recently, Walmart was censured by Beijing’s top disciplinary agency after its warehouse retailer Sam’s Club removed Xinjiang-sourced products from its…
Chinese Police Put Walmart on Notice Over Violation to China’s Cybersecurity Law
January 9, 2022
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Walmart has recently struggled in China. After being accused of allegedly halting the sale of products from Xinjiang, the retail giant received a warning issued by Chinese police for alleged breaches of China’s cybersecurity regulations, as the regime tightens its grip on how companies inside its borders process data. According to a report dated Jan. 5 by…
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