walmart - Unusual Whales

Sign in Subscribe

walmart

A collection of 5 posts

Walton family sold $4.39 billion worth of Walmart shares during 2023's first half

Per Business Insider The Walton family are reportedly the heirs to both Sam's Club and Walmart, and recently, on CNBC, it was revealed that they actually sold some of their shares. This came as the family sold $4.39 billion worth of Walmart stock. This came as Walmart&

Walmart sold its Bonobos menswear brand, losing over $200 million

Per CNN Walmart once bought the Bonobos menswear brand in 2017 for $310 million; now, it sold the clothing line for $75 million. This resulted in a $235 million loss for the company. The buyers of the menswear brand are WHP Global and retailer Express Inc. The brand was previously

Walmart plans thousands of U.S. stores to offer EV charging in 2030

Per The Washington Post As the leading retail company by revenue, Walmart plans to expand its business further, entering the EV industry on the "charging" end. By 2030, the company wants thousands of its stores in the U.S. to offer EV charging, adding another potential profit driver

Walmart wants two-thirds of stores to be automated by 2026 to improve costs per unit by about 20%

Per Fox Business Walmart is planning a huge automation drive for the majority of its stores. By 2026, the retailer giant wants 65% of its stores to be serviced by automated supply chains to improve costs per unit by about 20% potentially. The company's press release revealed its

Walmart blocked ChatGPT with new guidelines barring employees from sharing customer info with the AI tool

Per Business Insider Walmart Global Tech has decided to take a strong stance against using ChatGPT by employees. The company has decided to block the use of the AI bot with new guidelines saying employees shouldn't share any customer info with the tool. An internal memo to employees