Walmart has acquired technology and intellectual property from advertising tech company Thunder. The Bentonville retailer announced the acquisition on Thursday, Feb. 4 in a corporate blog post, stating that the technology will bolster Walmart’s display self-serve platform that will allow…
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Walmart, Walmart Foundation Donate $14.3 Million in Support of Racial Equity
by Tyler Haleby Tyler HaleWalmart and the Walmart Foundation have distributed $14.3 million to multiple nonprofits as part of an initiative to combat racial disparities in the United States. In June 2020, in the wake of the George Floyd killing, Walmart and the Walmart…
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Three Arkansas Companies Named Among World’s Most Admired in 2021
by Tyler Haleby Tyler HaleThree Arkansas companies were named to Fortune magazine’s annual “World’s Most Admired Companies” list for 2021. Walmart, Murphy USA and Tyson Foods were among the 332 companies listed as the most admired in the world. Walmart had the highest ranking…
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Former Sam’s Club CEO Rosalind Brewer Takes Top Job at Walgreens Boot Alliance
by Tyler Haleby Tyler HaleFormer Sam’s Club executive Rosalind Brewer has been named the chief executive for Walgreens Boot Alliance, Inc., a retail and wholesale pharmacy corporation that encompasses Walgreens, Duane Reade and other brands. She will also be joining the Walgreens Boot Alliance…
- BusinessJanuary 2021Magazine
2021 Influencers of the Year: John Furner, President/CEO, Walmart U.S.
by AMP Staffby AMP StaffAs president and chief executive officer of Walmart U.S., John Furner oversees the strategic direction and performance of more than 4,700 stores and more than 1 million associates. Furner previously served as president/CEO of Sam’s Club from 2017-2019. Under his…
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Walmart Launches New Fintech Startup with Ribbit Capital
by Tyler Haleby Tyler HaleWalmart is entering the fintech arena. The Bentonville retailer, on Monday, Jan. 11, unveiled its latest endeavor: a new fintech startup. Walmart is partnering with Ribbit Capital to provide high-tech financial solutions for Walmart’s customers. Walmart did not release the…
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Justice Department Sues Walmart for Alleged Role in U.S. Opioid Crisis
by Tyler Haleby Tyler HaleThe U.S. Justice Department has filed suit against Walmart, alleging that the retailer knowingly dispensed controlled substance prescriptions that were not issued for valid medical reasons. The civil lawsuit, filed on Tuesday, Dec. 22 in the U.S. District Court for…
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Walmart Teams Up with TikTok for Shoppable LiveStream Event
by Tyler Haleby Tyler HaleIn 2020, Walmart has been heavily investing in new technologies and partnerships designed to bring their products to a wider audience. From drone delivery service to a new subscription service, the Bentonville retailer has taken more innovative approaches to adapt…
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Walmart Extends COVID-19 Emergency Leave Policy to July 2021
by Tyler Haleby Tyler HaleWalmart is extending its COVID-19 emergency leave policy for company associates. This policy will be extended through July 5, 2021. The COVID-19 leave policy was first established in March 10 to provide employees with paid time off if they are…
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In Time for the Holidays, Walmart Planning More Than $700 Million for Employee Bonuses
by Tyler Haleby Tyler HaleThroughout the COVID-19 pandemic, Walmart is regularly provided bonuses to its associates, totaling more than $2 billion to date. On Thursday, Dec. 3, the retailer announced its plans to inject an additional $700 million into cash bonuses for U.S. employees…