Walmart news and archive

Walmart performs better than expected, but consumer is under pressure

New York - American retail giant Walmart published a higher-than-expected turnover on Thursday for its first quarter, which runs from February to April. Its executives warned that American consumers were being constrained by the return of inflation. Turnover reached 177.8 billion dollars, an increase of 7 percent compared to the same period last...

Fashion |In Pictures

Lee unveils collaboration with Kacey Musgraves for Walmart

American denim brand Lee, part of Kontoor Brands, has unveiled its first celebrity collaboration designed with eight-time Grammy Award winner Kacey Musgraves exclusively for Walmart, with all pieces priced under 50 US dollars. The 100-plus-piece collection is named Kacey Lee, after Musgraves’ first and middle names, and spans men’s and women’s...

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Walmart among US retailers backing Unspun’s domestic automated production hubs

A number of US retailers, including Walmart and REI, have signed letters of support for Unspun’s plan to build automated apparel manufacturing hubs in the US using AI-enabled 3D weaving technology. The initiative aims to bring production closer to consumers at a commercial scale, supported by supply chain partners such as Bethel Industries,...

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Walmart highlights fashion strength while navigating macroeconomic headwinds

The US-based retail giant Walmart concluded fiscal year 2026 with record annual revenue of 713.16 billion dollars, marking a 4.7 percent increase (5.1 percent in constant currency). Despite achieving standalone profitability in its e-commerce segment, management emphasized a balanced outlook for fiscal year 2027, factoring in significant...

Fashion

Millie Bobby Brown launches teen fashion line at Walmart

Actress Millie Bobby Brown, star of Netflix’s show ‘Stranger Things’, has launched a new fashion line for teens and young women for Walmart in collaboration with Delta Galil USA, the global manufacturer and owner of fashion companies such as Splendid, 7 For All Mankind, and P.J. Salvage. The Mills by Millie Bobby Brown fashion line draws on the...

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Walmart Q3: Leadership transition, fashion momentum and Nasdaq shift

Walmart reported solid performance in the third quarter of the current financial year as the US retail giant prepares for a change in leadership and a shift in its stock exchange listing. Long-serving president and CEO Doug McMillon announced his planned departure earlier this month, with John Furner due to succeed him in early 2026. In the...

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Clarks strikes partnerships with Shein, Walmart and TikTok Shop

Footwear retailer Clarks has announced a slew of new wholesale partnerships with digital platforms as part of wider efforts to strengthen its online footprint. The company has announced its launch on fast fashion giant Shein; US retailers Walmart and Target; off-price platform Secret Sales; and social media site TikTok Shop. Speaking on the...

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Long-term Walmart CEO exits, head of US business takes helm

US retail chain Walmart has announced the scheduled departure of its current president and chief executive officer, Doug McMillon. The executive, who took up the helm of the company in 2014, will retire effective January 31, 2026. John Furner has been named as McMillon’s successor. Furner has also been elected to the board of directors, a...

Retail

Customers will soon be able to shop Walmart products via ChatGPT

US retail giant Walmart has announced a new partnership with OpenAI, through which it will soon make its products available to shop via AI-driven chatbot, ChatGPT. The move is already being hailed by Walmart executives as a next step in e-commerce, shifting from a static to dynamic experience. “For many years now, e-commerce shopping experiences...

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Walmart on Trump tariffs: our costs are rising every week

US President Donald Trump's import tariffs are increasingly affecting supermarket giant Walmart. Chief executive officer Doug McMillon stated in a conference call following the release of quarterly figures that Walmart's costs have been increasing "every week" when replenishing stock. He expects this trend to continue in the current quarter and...

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E-commerce surge lifts Walmart's Q2, outlook raised

Walmart Inc. announced its second-quarter fiscal year 2026 results, highlighting revenue growth across all business segments. The company reported total revenue of 177.4 billion dollars, a 4.8 percent increase, or 5.6 percent on a constant currency basis, compared to the same period last year. The company has raised its full-year earnings and...

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Walmart forecasts slower growth for 2025/26

Walmart adopts cautious outlook for 2025/26 amid anticipated growth moderation. Walmart, the world's largest retailer, is entering the new financial year with a measured outlook. The company, headquartered in Bentonville, Arkansas, announced on Thursday that growth is expected to slow slightly. For the financial year 2025/2026, which ends in...