Today, Wal-Mart Stores, Inc. announced that it has entered into a definitive agreement to acquire online retailer Jet for $3 billion in cash. In addition, $300 million of Walmart shares will be paid over time as part of the transaction. The purchase …
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Like Home Depot, Lowe’s to Open Direct Fulfillment Center
Here’s a change for Lowe’s: The company is opening a direct fulfillment facility to ship products straight to consumers in an effort to expand its online sales and speed up deliveries. Rival Home Depot already operates three direct fulfillment centers that support its growing online …
Read More »Walmart Asks Suppliers to Drop Certain Chemicals
More consumers than ever are concerned about the chemicals found in everyday items inside their homes. To help relieve customers’ fears, Walmart is taking a stance by seeking to eliminate specific chemicals from thousands of products found on its store shelves. The company recently announced …
Read More »Building Materials Sales’ Impact on Lowe’s, Home Depot
Consumers are dedicating time and money to home improvement projects this summer, and June was a hot month for spending in the building materials category. Forbes reported that sales in building materials were up 3.9 percent in June, and overall …
Read More »New Lowe’s TV Series to Feature DIY Blogger
As more consumers head online to stream television shows and watch video clips, Lowe’s is making sure to get in on the action. The big box retailer has a new streaming show, called The Weekender, which is a 10-part original series …
Read More »Lowe’s App to Offer 3-D Planning Aids via Phone
When consumers head to Lowe’s in the future, they’ll have a better chance of mapping out their homes and making sure products they buy fit just right. Through Lowe’s Vision, an app using Google’s 3-D smartphone platform Tango, users will be able …
Read More »Is Amazon on Its Way to Becoming the Biggest U.S. Company?
Amazon has grown to a stock market value that places it among the top 10 biggest companies in the U.S., and is on its way from No. 6 in size toward No. 1, according to a recent report. The retailer has …
Read More »All U.S. Walmart Stores Now Accept Payments via Smartphone
Walmart announced this month that customers at all 4,600 of its retail stores in the U.S. can now use Walmart Pay to pay for in-store purchases with their smartphones. Walmart began testing the mobile payment platform at stores starting in December. Walmart Pay is part …
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