Walmart to sell 85% stake in Seiyu to Rakuten and KKR
The deal is meant to shore up Seiyu’s digital operations with the aid of its new owners as demand for online retail grows in Japan.
China unlikely to approve Oracle and Walmart's TikTok deal, state media says
Beijing is unlikely to approve an "unfair" deal Oracle Corp. and Walmart Inc. said they have struck with ByteDance over the future of video-streaming app TikTok, state-backed newspaper Global Times said in an editorial. The U.S. majors have said they will buy into a new ...
Walmart seen subsidizing vendors in online holiday price war with Amazon
Hold on to your smartphone — the holiday price wars between Walmart Inc. and Amazon.com Inc. are heating up. Walmart, the world's largest retailer, has introduced a program to temporarily lower the price consumers pay for some items on its marketplace site, where third-party vendors ...
El Paso mass murder suspect pleads not guilty, accused of targeting Mexicans
The Texas man accused of deliberately targeting Mexicans in a shooting spree that killed 22 people at an El Paso Walmart store pleaded not guilty on Thursday in his first court appearance. Patrick Crusius, 21, was indicted last month for capital murder and will face ...
Walmart to stop selling ammo for handguns and assault-style weapons
Walmart Inc. said on Tuesday it would discontinue sales of ammunition for handguns and some assault-style rifles in stores across the United States, in response to the recent mass shootings in Texas and Ohio. The largest U.S. arms retailer, which has been under pressure to ...
A junior Walmart Inc. employee organized a one-day strike and other actions to protest the retailer's stance on gun sales in the wake of shootings at two of its stores in recent weeks. Thomas Marshall, a 23-year-old category manager in Walmart's San Bruno, California-based e-commerce ...
Cornering e-commerce market: Amazon squeezes sellers that offer better prices on Walmart
Amazon.com Inc.'s determination to offer shoppers the best deals is prompting merchants selling products on its marketplace to raise their prices on competing websites, a testament to the company's growing influence over the e-commerce market. Amazon constantly scans rivals' prices to see if they're lower. ...
Walmart Inc. is facing a strike by thousands of workers in South America amid the retail giant's push to increase automation at its physical stores. About 17,000 Walmart workers in Chile went on an indefinite strike on Wednesday after labor talks between the company and ...
Walmart eyes listing Japanese supermarket unit Seiyu to raise funds for expansion
Walmart Inc. aims to list its wholly owned Japanese supermarket unit Seiyu G.K. to raise funds for the retail chain's expansion in Japan, the head of its local subsidiary said Wednesday. After a meeting with employees to explain Seiyu's medium-term strategy, Lionel Desclee, the president ...
Walmart agrees to pay $282 million to settle Brazil unit bribe claim
Walmart Inc. has agreed to pay a total penalty of $282 million to settle charges by the U.S. Justice Department and the Securities & Exchange Commission that its Brazilian unit violated the Foreign Corrupt Practices Act. The retailer will pay more than $144 million to ...
Democratic U.S. presidential hopeful Bernie Sanders on Wednesday told Walmart Inc. shareholders and top executives that the world's largest retailer should boost the "starvation"-level wages it pays its workers and stop fueling income inequality. Speaking at Walmart's shareholder meeting, the U.S. senator said: "Despite the ...
New Seiyu CEO says Walmart not looking to sell its Japanese supermarket chain
“I’m not here to sell a business,” Lionel Desclee tells reporters in Tokyo in his first public remarks since his appointment Friday. “Absolutely not at all.”
