Walmart has been pruning the less productive parts of its business, such as selling its Asda business in Britain and closing 63 Sam’s Club locations in the U.S., the better focus on areas of growth. Its Walmart business in the U.S. is transforming its website into an online mall offering a slew of brands and expanding its grocery delivery, while the shuttered Sam’s Clubs will be repurposed as e-commerce distribution centers to speed up delivery. Meanwhile, Walmart is making big moves in both China and India, looking to rev up international growth again.
Looking for leads, investment insights, or competitive intelligence?
News about Walmart
The companies had argued over pricing.
The chain couldn't compete with discount fashion trends at the likes of Target and Kohl's.
Lampert has a severely depleted retailer on his hands.
Walmart was demanding higher reimbursements for its in-store pharmacies.
The hires will help with in-store technology including robots that scrub floors and scan shelves.