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Posts Tagged ‘Walmart’

Big Box Retailer Walmart Has Cut its 2019 Outlook for This Reason

Walmart has slashed its 2019 earnings forecast citing the impact of its acquisition of Flipkart, an Indian e-commerce company. Walmart purchased a 77 percent stake in Flipkart for $16 billion this past May. The acquisition was the biggest on record for Walmart in its history. The retailer has warned that e-commerce growth won’t be as…

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Sears Declares Bankruptcy and CEO Steps Down

Struggling department store retailer Sears has announced that it has declared bankruptcy and that it is closing over 140 stores. The 125-year old company filed for Chapter 11 bankruptcy protection and said that 142 Sears and Kmart stores would be closing. The liquidation sales at the locations will start immediately. It was in January that…

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Walmart: Will Underwear and Autoparts Help Online Sales?

Walmart Supercenter

Recently Walmart (NYSE:WMT) has been on an acquisition frenzy in the apparel industry with its recent deal with Bonobos and Modcloth.  In their most recent deal, Walmart has acquired Bare Necessities, one of the top retailers for lingerie and swimwear.  Although the company will continue to operate independently, Walmart plans to have Bare Necessities products…

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Will Walmart be Getting in to Cannabis?

Walmart store

With Canada recently legalizing marijuana nation-wide, companies across the globe are trying to get their slice of the pie.  The cannabis market has a lot of opportunity available in producing extracts or other deviations of the raw plant. Walmart (NYSE:WMT) recently told Hemp Industry Daily, that the company is currently in the fact-finding phase of…

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Walmart May Soon be Selling CBD Products in its Walmart Stores in Canada

We are just around the corner from Canada starting legal sales of recreational marijuana for adults and there’s one big-box retailer who is considering jumping into the game. Walmart is considering selling cannabis products in its Canadian stores according to reports. The retailer’s Canadian division is exploring the sale of marijuana products in its stores…

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