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Walmart Seeking $15 Billion Stake in Indian E-Commerce Giant Flipkart

“Walmart Inc.’s WMT +0.42% battle with Amazon.com Inc. is heading to India. Walmart is near a deal to invest around $15 billion for a roughly 75% stake in Flipkart Group, India’s largest e-commerce company, according to a person familiar with the matter. It would be a big bet by Walmart that India will be a source of growth at a time […]
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Companies

Walmart to roll out over 500 more Pickup Towers to U.S. stores this year

“Walmart  announced this week it’s going to roll out more than 500 additional Pickup  Towers to its U.S. stores over the course of the year. The towers, which are like high-tech vending machines distributing customers’ online purchases, were first introduced into nearly 200 stores in 2017. The towers are one of the ways Walmart is taking on Amazon by leveraging […]
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Companies

Walmart Said To Weigh Bids From Capital One, Synchrony For Its Credit-Card Business

“Walmart has narrowed the competition for its credit card business to bids from two lenders, Capital One and its current card partner Synchrony Financial, according to a report by Bloomberg on Thursday. The retail giant wants its credit card partner to support its aspirations for Walmart Pay, with a substantial part of that being an expansion in its offering of mobile […]
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Companies

Microsoft Reportedly Working On Rival Amazon Go Tech For Cashier-Free Stores

“Microsoft is reportedly working on technology that could be used to power check-out free retail stores. Reuters reports that the software giant has been talking to Walmart about using the tech, which will rival Amazon’s own Go initiative. Amazon first launched its cashier-free convenience store in the company’s hometown in Seattle last year. Shoppers can simply grab items and leave, […]
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Companies

Walmart Looks to Blockchain for Retail Product Resales

“The document, released last Thursday by the U.S. Patent and Trademark Office, outlines a blockchain ledger which would track the items that stores sell to a particular customer. It’s the latest example of an intellectual property play by Walmart, which has filed a number of related applications and has also piloted the tech for tracking food […]

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