Walmart released its Q2 fiscal year 2026 financial results, posting new sales of $120.9 billion, a 4.8% increase year over year. Comparable sales for the second quarter were $5.5 billion, a 0.4% increase year over year. Walmart attributes the increase …
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Retailers Ramp Up Sales to Compete With Amazon Prime Day
This year, Amazon Prime Day will take place across four days from July 8-11 and has prompted other major retailers to respond with their own weeklong sales in hopes to compete with the e-commerce giant. Target announced it will be bringing …
Read More »Walmart Launches AI Shopping Assistant for Customers
Walmart recently announced the launch of a new GenAI-powered shopping assistant, Sparky. Using the smiling, “Ask Sparky” button in the Walmart app, Walmart customers can use Sparky to search for items, synthesize reviews and answer product questions. Walmart also announced …
Read More »Q1 2025 Financials Round-Up
During the first quarter of 2025, big-box home improvement retailers Lowe’s, Home Depot and Tractor Supply Company saw year-over-year increases in net sales but declines in net earnings. See the round-up and side-by-side comparisons below and read the full stories …
Read More »Walmart Launches Program for Small Businesses
Walmart recently announced its new training program for small businesses, Grow with US. The program is aimed at providing small U.S. businesses with training, mentorship and resources needed to grow their business with Walmart. “Small businesses play a powerful role …
Read More »Walmart and Amazon Step Up Delivery Game
With the release of its 2024 annual financial reports, two big-box retailers—Amazon and Walmart—have shared goals for 2025 in terms of improving product delivery times to customers. In a letter to shareholders in April, CEO of Amazon Andy Jassy shared …
Read More »Walmart Shows Strong Growth in Q4
Q4 2024 Walmart released its Q4 2024 financial results, noting $180.6 billion in total revenue, up 4.1% year over year. The Arkansas-based store chain also reported an operating income of $7.3 billion in Q4, up 30% from the same quarter …
Read More »Walmart Seeks to Expand Footprint in Canada
Walmart Canada announced a $6.5 billion investment over the next five years as the company plans to expand into new and existing Canadian markets. Walmart Canada will build dozens of new stores across the country, beginning with five new Supercentres …
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