Tag: Walmart

Walmart is overhauling 200 stores based on airport-inspired theme

  • Walmart is redesigning 200 supercenters across the country, with an eye toward combining shoppers’ digital and in-store experiences.
  • The newly-refurbished stores will feature bolder signage to reflect and encourage app usage, more self-checkout kiosks, and separate sections for toys, electronics, and baby products.
  • “We’ve tried to think through how we help customers discover and get inspiration online and reflect that in terms of a completely new store look and feel,” Walmart Chief Customer Officer Janey Whiteside told Business Insider.
  • The remodeling project will expand to 1,000 stores by the end of 2021.
  • Visit Business Insider’s homepage for more stories.

Walmart will remodel 200 of its Supercenters by the end of 2020 to encourage a more “digitally-enabled shopping experience” featuring bolder signage, contactless checkout, and airport-inspired crowd management techniques, according to the company’s Chief Customer Officer Janey Whiteside.

The retail giant’s remodeling project will expand to 1,000 stores by the end

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Goldman Sachs and Walmart Team Up On Small Business Loans |

Wall Street goes to Main Street. That would be Goldman Sachs partnering with Walmart to offer working capital loans to small businesses that sell on the retailer’s marketplace site. They join other payment players and fintechs, such as PayPal, Square, and Stripe, in providing funds to their small business stakeholders.

All these companies have good data on the risk profiles since they handle the sales transactions for their merchant clients. It’s also another added-value service in addition to core offerings. But remember that small businesses are most impacted by the trials and tribulations of the economy, and the jury is still out on the timing of the post COVID-19 recovery.

The following excerpt from a Motley Fool article reports more on the topic:

Until a couple of years ago, Goldman Sachs was almost exclusively an investment bank. However, over the past few years it has started to make a big

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Walmart to hire another 20,000 and other business news

Walmart to hire another 20,000

Walmart said Wednesday it will hire 20,000 seasonal employees who will help pack and ship online purchases at its fulfillment centers as it anticipates more holiday shopping to shift online during the coronavirus pandemic.

Since March, the world’s biggest retailer has hired more than 500,000 employees across its U.S. stores and supply chain to keep up with demand for everything from groceries to hair color and bicycles.

In a news release Wednesday, Walmart said it will stretch Black Friday sales throughout the holiday season and have more deals online, rather than squeezing them into a single day that jams up stores — though it shared few details about specific offers.

“Over the past six months, our customers have been shopping differently, and we expect that will continue into the most important shopping season of the year — the holidays,” said Scott McCall, chief merchandising officer

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Walmart, UPS and others are staffing up for an online shopping surge this holiday season

The upcoming holiday shopping stretch will look much different for retailers in a pandemic.

Instead of preparing for door-busters on Black Friday and frenzied shopping in stores before Christmas, many retailers and shipping companies are beginning to staff up in anticipation of a flood of online delivery and curbside pickup orders.

Walmart, which has already hired more than 500,000 workers in stores and across its supply chain since March to meet growing demand in the pandemic, said Wednesday that it will hire more than 20,000 seasonal workers in e-commerce fulfillment centers across the country “to prepare for an expected increase in online shopping.” Walmart has stores every year that bring on seasonal associates, according to a spokesperson, but the last time Walmart hired a “large number of seasonal associates” was in 2015, when Walmart added 60,000 holiday workers for stores.

Other companies are also preparing for the online shopping rush

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Goldman Sachs Is Partnering With Walmart to Expand Its Consumer Banking Business

Until a couple of years ago, Goldman Sachs (NYSE:GS) was almost exclusively an investment bank. However, over the past few years it has started to make a big push into the consumer banking side of the business. First, it rolled out the Marcus brand, which offers personal loans and high-yield savings accounts. Then, Goldman jumped head-first into the credit card business by partnering with Apple (NASDAQ:AAPL) to launch the Apple credit card product.

More recently, Goldman introduced an investment platform for everyday Americans, and partnered with Amazon (NASDAQ:AMZN) to provide small business credit lines to merchants. And as if pairing up with Amazon didn’t give Goldman enough reach into the e-commerce world, another major partnership was just announced.

Man holding fanned-out $100 bills

Image source: Getty Images.

Goldman and Walmart are teaming up

The latest expansion of the Marcus brand’s reach comes in the form of a small business lending partnership with Walmart (NYSE:WMT).

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Walmart teams up with Goldman Sachs to offer online sellers business credit lines

Walmart (WMT) is getting into business lending — with some help from Goldman Sachs (GS).

Beginning on Tuesday, small and medium-sized businesses that sell on the retail giant’s Marketplace will see invites to apply for business lines of credit offered by Marcus, Goldman’s online consumer banking unit. It’s part of a new partnership between the big-box retailer and the Wall Street giant.

“Access to affordable capital is more important than ever as businesses large and small world to adapt and evolve to serve customers and grow their businesses,” Jeff Clementz, vice president of Walmart Marketplace, said in a blog post.

Walmart.com sellers invited to apply for a business line of credit from Marcus will see a notification in the Seller Center dashboard. 

Initially, sellers can access lines of credit between $10,000 and up to $75,000. A source familiar with the matter told Yahoo Finance that, over time, Marcus hopes to

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With Plans to Turn Around Fashion Business, Walmart Debuts ‘Elevated’ Men’s and Women’s Brand

Over the past few years, Walmart has ramped up its arsenal of fashion brands in a bid to compete more heavily in the style space and nab a larger share of consumers’ wallets. Today, the big-box giant is doubling down on that goal with the launch of a new men’s and women’s label — developed by an in-house team of designers led by former Bonobox exec Dwight Fenton.

In a statement, the Bentonville, Ark.-based company announced the debut of Free Assembly, touted as a “modern fashion brand that offers elevated style essentials at an incredible value.” The fall line includes more than 30 items for women and 25 pieces for men, each priced between $9 and $45.

“Through our ongoing strategy of expanding our assortment for our customers, we’ve shown that we’re serious about establishing Walmart as a fashion destination,” said Denise Incandela, SVP of Walmart’s women’s group, elevated and

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TikTok Confirms Proposed Deal With Oracle, Walmart For US Business

TikTok says Oracle to be tech provider, Walmart to be commercial partner. (File)

Washington:

Popular video app TikTok announced Saturday it has proposed an agreement with Oracle as its US technology provider and Walmart as a commercial partner, a potential deal US President Donald Trump touted as “fantastic.”

“We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US Administration and settle questions around TikTok’s future in the US,” a spokeswoman for TikTok, owned by China’s ByteDance, told AFP.

Oracle will become the “trusted technology provider, responsible for hosting all US user data and securing associated computer systems to ensure US national security requirements are fully satisfied,” the spokeswoman said. “We are currently working with Walmart on a commercial partnership as well.”

She gave few further details about the deal, other than saying that the companies will “maintain and expand” TikTok’s global

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Can’t say teachers are safer in class than at Walmart

CLOSE

Going back to school amid COVID-19 outbreaks means uncertainty and fear for students and teachers, but staying home presents problems too.

USA TODAY

The claim: Teachers are safer in the classroom than they are at Walmart

In the early stages of the COVID-19 pandemic, schools shut down nationwide in attempt to minimize the spread of the coronavirus. Months later, community outbreaks continue as some students and teachers return to the classroom with in-person instruction.

While classrooms have implemented safety steps to mitigate the challenges of reopening — such as mask requirements, social distancing measures and temperature checks — parents and teachers fear for the possibility of a widespread outbreak. Yet others claim teachers are safer in a classroom “bubble” than they are in public spaces.

“TEACHERS ARE SAFER IN THE CLASSROOMS THAN THEY ARE AT WALMART,” reads a Facebook post from late July has been shared over 1,200 times.

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Online Fashion Market Growing Popularity and Emerging Trends | Amazon, Walmart, Alibaba

The MarketWatch News Department was not involved in the creation of this content.

Sep 10, 2020 (Market Insight Reports) —
A new business intelligence report released by HTF MI with title “Global Online Fashion Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025” is designed covering micro level of analysis by manufacturers and key business segments. The Global Online Fashion Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Amazon Inc. (United States) , Walmart (United States) , Alibaba Group Holding Limited (China) , Zara (Spain) , Aras Kargo A.S. (Turkey) , 11Street Co., Ltd (South Korea) , Asos.com (United Kingdom) , BRT S.p.A. (Italy) , DPD GeoPost Deutschland GmbH (Germany)

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