Walmart Announces Plan to Invest $1.2 Billion to Upgrade Logistics in China
Walmart Newsroom
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5y ago
<b>DONGGUAN, China, July 1, 2019</b> <b>—</b> Ryan McDaniel, Senior Vice President of Walmart China Supply Chain, announced Monday that Walmart will increase its investment in its supply-chain logistics. In addition to building the first customized perishable food distribution center, the South China Fresh Food Distribution Center, the company plans to increase investment in its supply-chain logistics in China by RMB 8 billion, or about $1.2 billion, building or upgrading more than 10 logistics distribution centers over the next 10-20 years. Walmart invested more than R ..read more
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Walmart Reaches Agreements with the DOJ and the SEC to Resolve Their FCPA Investigations
Walmart Newsroom
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5y ago
<b>BENTONVILLE, Ark., June 20, 2019 </b>— Walmart has entered into a global settlement with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) that resolves a more than seven-year investigation into the company’s compliance with the U.S. Foreign Corrupt Practices Act (FCPA). Through the settlements, which cover conduct that took place years ago, Walmart has agreed to a combined payment of $282.7 million. The global resolution ends all FCPA-related investigations or inquiries into Walmart and its subsidiaries by the DOJ and the SEC.<br/><b ..read more
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More than 100 Entrepreneurs and Small Businesses Move on to Next Step During Walmart’s 6th Annual Open Call Event
Walmart Newsroom
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5y ago
<b>BENTONVILLE, Ark., June 20, 2019 </b>— Hundreds of entrepreneurs and small businesses lined the halls at Walmart’s Home Office on Wednesday to pitch their U.S.-manufactured products to Walmart buyers, hoping to land on store shelves and create more American jobs. During the sixth annual Open Call event, more than 100 companies moved on to the next step, with several dozen getting deals on the spot to go on Walmart store shelves. Everyone received valuable feedback on their product from the buyer, and – for the fourth year in a row – Walmart offered all suppliers with shelf-stabl ..read more
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At Walmart’s Open Call, Entrepreneurs Don’t Just Make Products – They Build Neighborhoods
Walmart Newsroom
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5y ago
June 19, 2019 <br/>By Greg Foran, President and CEO, Walmart U.S. <br/><br/><a href="http://news.walmart.com/2019/06/18/bentonville-bound-more-than-500-businesses-are-heading-to-walmart-headquarters-in-search-of-their-big-break" target="_blank" data-cms-id="0000016b-6773-df81-a9eb-7ffb5e280001" data-cms-href="http://news.walmart.com/2019/06/18/bentonville-bound-more-than-500-businesses-are-heading-to-walmart-headquarters-in-search-of-their-big-break">Open Call</a> is one of my favorite annual events at Walmart. It reminds me of why we do what we do: the love of gr ..read more
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Bentonville Bound! More than 500 Businesses Are Heading to Walmart Headquarters in Search of Their Big Break
Walmart Newsroom
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5y ago
<b>BENTONVILLE, Ark., June 18, 2019 </b>— More than 500 invited entrepreneurs will descend upon Walmart headquarters in Bentonville, Arkansas hoping to land the deal of a lifetime. On June 18-19, during Walmart’s 6<sup>th</sup> annual Open Call event, these eager entrepreneurs will meet face-to-face with buyers looking for new U.S.-manufactured products for store shelves and <a href="https://www.walmart.com/" target="_blank">Walmart.com</a>.<br/> <br/>The companies expected to attend this year’s event represent a broad geography, including 48 sta ..read more
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Need a New Phone? Walmart’s Got Easier Upgrades Online and More Wireless Experts in Stores
Walmart Newsroom
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5y ago
June 17, 2019 <br/>By Terrance Oliver, GMM of Electronics, Walmart eCommerce U.S. <br/><br/>Today nearly 77%<sup>1</sup> of U.S. consumers own a smartphone. So, it’s no surprise that when purchasing a new device, customers are looking for convenient options that allow them to research and choose the phone that best fits their needs, all at the best prices. With that in mind, we’re announcing new wireless experiences online and in stores.<br/><br/><b>Upgrading to a New Apple or Samsung Device Just Got Way Easier </b><br/>If you’ve sear ..read more
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IBM, KPMG, Merck and Walmart to Collaborate as Part of FDA’s Program to Evaluate the Use of Blockchain to Protect Pharmaceutical Product Integrity
Walmart Newsroom
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5y ago
<b>ARMONK, N.Y., NEW YORK, N.Y., KENILWORTH, N.J. and BENTONVILLE, Ark., June 13, 2019 </b>— IBM (NYSE:IBM), KPMG, Merck (NYSE:MRK), and Walmart (NYSE: WMT) today announced that the companies have been selected by the United States Food and Drug Administration (FDA) to be included in a program in support of the U.S. Drug Supply Chain Security Act (DSCSA) that addresses requirements to identify, track and trace prescription medicines and vaccines distributed within the United States.<br/><br/>The program is intended to assist drug supply chain stakeholders, including FDA ..read more
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Update on Our U.S. eCommerce Strategy and the Role of Jet
Walmart Newsroom
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5y ago
June 12, 2019 <br/>By Marc Lore, President and CEO, Walmart eCommerce U.S.<br/><br/>When we started Jet back in 2014, it was hard to imagine that we’d be changing lives at the scale we are today as part of Walmart. Walmart acquired Jet over two years ago, and it was incredibly exciting that Doug empowered the team and me to take on a role much bigger than running the Jet site, tasking us to help accelerate Walmart eCommerce overall. I’m really proud of our performance since then, with 40 percent eCommerce growth last year, but I’m much more excited about what we’ve been able ..read more
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Celebrating Over 100 Years of American Work in Warwick, Rhode Island
Walmart Newsroom
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5y ago
June 12, 2019 <br/>By Jane Incao <br/><div class="cms-textAlign-left"><i>Editor’s note: The above image was taken in 1990, picturing then-Kenney Manufacturing CEO Dick Kenney with Sam and Helen Walton at a supplier appreciation event. In 2013, Walmart pledged to source an additional $250 billion in products made, assembled, sourced, or grown in the U.S. by 2023. We’re proud to work with supplier partners like window hardware maker Kenney Manufacturing, whose <a href="https://corporate.walmart.com/global-responsibility/opportunity/investing-in-american-jobs" target="_ ..read more
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Jennifer Garner and Walmart Team Up to Inspire Acts of Kindness
Walmart Newsroom
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5y ago
June 12, 2019 <br/>By Janey Whiteside, Chief Customer Officer, Walmart U.S. and Walmart U.S. eCommerce <br/><br/>One by one, acts of kindness make our neighborhoods better and bring us together, making us a stronger community.<br/><br/>Walmart is part of so many neighborhoods across America and around the world – about 11,000 of them. Our customers and associates are already doing so many incredible things each day to make their neighborhoods a better, stronger place. That’s why we’re kicking off a new effort to showcase the passion that customers and associates h ..read more
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