Walmart needed to buy Jet.com rather than build its e-commerce capabilities and there's three things that will happen after the acquisition is complete. (Forbes)
Walmart Pharmacy & Business News
Overall, Walmart realized a 0.5% increase in second-quarter sales to $120.9 billion.
Walmart and the Walmart Foundation have coordinated efforts as part of the $500,000 donation to send truckloads of water to affected areas.
It's been a contentious election cycle so far, but who are "Walmart moms" voting for? Penn Schoen Berland and Public Opinion Strategies recently spearheaded the third polling of "Walmart moms" - moms who have shopped at Walmart in the month prior. According to an ABC News report, it's a group that makes up 14% to 17% percent of the American electorate. "They voted for Obama in 2008 and 2012, and for the respective GOP and Democratic congressional majorities in 2010 and 2014," ABC News reported. This year, however, it doesn't appear either candidate, Clinton or Trump, is favored. (ABC News)
Doug McMillon, president and CEO of Wal-Mart Stores, and Mark Lore, co-founder and CEO of Jet.com, discussed Walmart’s acquisition of the online site and other industry topics on CNBC’s “Squawk Box.”
Walmart Stores announced it will acquire retail start-up — and would-be Amazon rival — Jet.com for approximately $3 billion in cash.
At Walmart, Michelle Gloeckler led the merchandising strategies in areas including beauty and personal care, pets, household paper and chemicals, baby, over-the-counter, pharmacy and optical.
In this report, DSN examines sales activity in the healthy snack category, highlighting new products that are shaking up the consumables aisle.
In what may be a direct shot across Amazon.com's bow, Wal-Mart is in talks to buy rival Jet.com according to a CNBC report published Wednesday, citing Dow Jones. "Though it isn't clear how much the world's largest retailer would cough up for Jet, a personal familiar with the talks told Dow Jones that the website could be worth $3 billion, the organization reported Wednesday," the report stated. "Wal-Mart CEO Doug McMillon said at the company's shareholder meeting in June that it would soon become more aggressive in growing its online business." (CNBC)