Latest Wal-Mart Stores Inc News

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Sept. 22, 2020. Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain. (AP Photo/Vincent Yu)

Asian shares track Wall Street retreat on pandemic pains

Sep. 22, 2020 12:41 AM EDT

Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain. Hong Kong's Hang Seng lost 0.3% to 23,894.72 and the Kospi in South Korea sank 1.7% to 2,348.24. The S&P/ASX 200 in Australia lost 0.6% to 5,787.00 and the Shanghai Composite index edged 0.1%...

Passers-by examine a storefront window, Tuesday, Sept. 15, 2020, in Boston's fashionable Newbury Street shopping district.  The U.S. Commerce Department said Wednesday that retail sales rose 0.6% last month, the fourth straight month of growth.   (AP Photo/Steven Senne)

Retail sales rise for 4th straight month as growth slows

Sep. 16, 2020 10:08 AM EDT

NEW YORK (AP) — Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600 a week boost in their unemployment checks. Retail sales rose 0.6% last month, the fourth consecutive month of growth, the U.S. Commerce Department said...

FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Walmart launched a pilot program Wednesday, Sept. 9, 2020, using drones to deliver groceries and household essentials in a North Carolina city. The retail giant is using drones from Flytrex in Fayetteville, where it says it hopes to gain insight into customers' and its workers' experience with the technology. (AP Photo/Gene J. Puskar, File)

Walmart to test drone delivery with Zipline in latest deal

Sep. 14, 2020 10:16 AM EDT

NEW YORK (AP) — Walmart is teaming up with a company called Zipline to launch drone delivery program early next year that will deliver health and wellness products close to the retailer's headquarters in Northwest Arkansas. Walmart, based in Bentonville, Arkansas, said Monday that it plans to eventually...

FILE - In this Feb. 14, 2019 file photo, people stand in the lobby for Amazon offices in New York. While other companies are shrinking, Amazon is growing. The company said Wednesday, Sept. 9, 2020, that it is seeking to hire 33,000 people for corporate and tech roles in the next few months (AP Photo/Mark Lennihan, File)

What slowdown? Amazon seeks to hire 33,000 people

Sep. 9, 2020 3:21 PM EDT

NEW YORK (AP) — Amazon is on a hiring spree. In the latest sign of how it's prospering while others are faltering during the pandemic, Amazon said Wednesday it is seeking to bring aboard 33,000 people for corporate and tech roles in the next few months. It's the largest number of job openings it's had at...

FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Walmart launched a pilot program Wednesday, Sept. 9, 2020, using drones to deliver groceries and household essentials in a North Carolina city. The retail giant is using drones from Flytrex in Fayetteville, where it says it hopes to gain insight into customers' and its workers' experience with the technology. (AP Photo/Gene J. Puskar, File)

Walmart testing drones for deliveries in North Carolina city

Sep. 9, 2020 9:21 AM EDT

NEW YORK (AP) — Walmart launched a pilot program Wednesday using drones to deliver groceries and household essentials in a North Carolina city. The retail giant is using drones from Flytrex in Fayetteville, where it says it hopes to gain insight into customers' and its workers' experience with the...

FILE - In this March 31, 2020 file photo, a woman pulls groceries from a cart to her vehicle outside of a Walmart store in Pearl, Miss. Walmart is launching a new membership service for shoppers this month that it hopes can compete with Amazon Prime. Called Walmart+, it will cost $98 a year or $12.95 a month, and give members same-day delivery on 160,000 items, a fuel discount at certain gas stations and a chance to check out at Walmart stores without having to wait at a register. (AP Photo/Julio Cortez, File)

15 years later, Walmart to launch its answer to Amazon Prime

Sep. 1, 2020 11:12 AM EDT

NEW YORK (AP) — Walmart is launching a new membership service that it hopes can compete with Amazon Prime. Called Walmart+, it will cost $98 a year, or $12.95 a month, and give members same-day delivery on 160,000 items, a fuel discount at certain gas stations and a chance to check out at Walmart stores...

FILE - In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. Walmart said Thursday, Aug. 27,  that it's interested in teaming up with Microsoft to buy the U.S. business of TikTok, the popular Chinese video app.  (AP Photo/Anjum Naveed, File)

What does Walmart see in TikTok? Millions of young shoppers

Aug. 29, 2020 11:09 AM EDT

NEW YORK (AP) — Walmart may be the world's largest retailer but it has mostly failed in its efforts to break Amazon's online dominance. Could TikTok, a fast-growing 3-year-old app filled with goofy videos, be the answer? TikTok's U.S. business appears up for grabs, with the Trump administration trying to...

FILE - In this Jan. 2, 2019 file photo, a woman, who declined to give her name, pauses to take a photo of a sign outside Lord & Taylor's flagship Fifth Avenue store which closed its doors for good after a months-long blowout sale, in New York. Lord & Taylor, one of the country’s oldest department stores, is going out of business after filing for bankruptcy earlier this month. It will close its remaining 38 stores and shut down its website, the company said Thursday, Aug. 27, 2020.   (AP Photo/Kathy Willens, File)

After nearly 200 years, Lord & Taylor goes out of business

Aug. 28, 2020 9:41 AM EDT

NEW YORK (AP) — Lord & Taylor, one of the country's oldest department store chains, is going out of business after filing for bankruptcy earlier this month. The retailer was sold just a year ago for $100 million to Le Tote, a San Francisco online clothing rental company, by Canadian parent Hudson's...

FILE - In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. Walmart said Thursday, Aug. 27,  that it's interested in teaming up with Microsoft to buy the U.S. business of TikTok, the popular Chinese video app.  (AP Photo/Anjum Naveed, File)

Walmart joins Microsoft in bid for video app TikTok

Aug. 27, 2020 7:29 PM EDT

Walmart is the latest company to want a piece of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration. The world's largest retailer made a joint bid with tech giant Microsoft to buy TikTok's U.S. business, according to a person close to the deal who isn't authorized...

In this Aug. 27, 2019 photo, the Best Buy logo is shown on a store in Richfield, Minn.  Best Buy Co. reported that online sales more than tripled in the fiscal second quarter, Tuesday, Aug. 25, 2020, as shoppers bought computers, tablets and large appliances to help them cook, work and learn from home during the pandemic.    (AP Photo/Jim Mone)

Best Buy's 2Q online sales surge but challenges remain

Aug. 25, 2020 12:49 PM EDT

NEW YORK (AP) — Best Buy Co. reported that online sales more than tripled in the fiscal second quarter, as shoppers bought computers, tablets and large appliances to help them cook, work and learn from home during the pandemic. Overall, the nation's largest consumer electronics chain, based in Richfield,...