103.20 -0.32 (-0.31%)
After hours: 6:03PM EDT
|Bid||103.72 x 1300|
|Ask||103.73 x 1800|
|Day's Range||102.83 - 104.14|
|52 Week Range||81.78 - 106.21|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||45.81|
|Forward Dividend & Yield||2.12 (2.17%)|
|1y Target Est||N/A|
Walmart has unveiled an AI-enabled store in New York, which will help the retail giant track inventory levels and monitor the amount of time fresh foods spend on store shelves. The company says this technology will help associates spend more time with customers. Here's Yahoo Finance's Brian Sozzi.
Walmart this morning unveiled a new "store of the future" and test grounds foremerging technologies, including AI-enabled cameras and interactive displays
Mexico's largest retailer Walmart de Mexico reported on Thursday that first-quarter net profit rose 3.8 percent in a "challenging" start to the year, falling below market expectations. Analysts had expected net profit to rise 6.4 percent, according to a Reuters poll. The company attributed its weaker-than-expected performance to a gasoline shortage in Mexico that slowed shopper traffic, as well as a calendar shift to celebrate the Easter holiday in April rather than March.
Amazon's push into advertising and cloud computing is paying off, helping the online shopping giant's first quarter profit more than double from a year ago. In the same time a year ago, it reported net income of $1.63 billion, or $3.27 per share. LEVITTOWN, N.Y. (AP) -- Walmart is experimenting with using artificial intelligence to manage its physical stores.
First-quarter results at UPS were slammed by severe winter weather in the U.S. Northeast and Midwest, but executives said cost cuts and a multibillion-dollar network revamp to improve efficiency would help the company meet its 2019 profit target with a strong second half. "It implies a heroic ramp" up from an expected 5 percent year-over-year decline in earnings per share in the first half to a rise of 10 to 18 percent in the second half, Bernstein analyst David Vernon said in a note, using his own estimates.
LONDON/BENTONVILLE, Ark. (Reuters) - Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco. The Competition and Markets Authority (CMA) ruling is also a major setback for Sainsbury's Chief Executive Mike Coupe, the architect of the deal and the group's boss since 2014. For Walmart , the deal was a way to exit Britain, one of the weakest performers in its global portfolio, as it moves to revamp its international operations.
U.K. regulators blocked the deal that would have combined Walmart’s U.K. unit Asda with J Sainsbury, arguing that it would be anticompetitive and benefit shareholders over shoppers.
Walmart, which faces fierce competition from Amazon and other online retailers, is experimenting with digitizing its physical stores to manage them more efficiently, keep costs under control and make the shopping experience more pleasant. On Thursday, the retail giant officially opens its Intelligent Retail Lab inside a 50,000-square-foot Neighborhood Market grocery store on Long Island. Thousands of cameras suspended from the ceiling, combined with other technology like sensors on shelves, will monitor the store in real time so workers can quickly replenish products or fix other problems.
U.K. antitrust regulators’ decision to block the 7.3 billion-pound ($9.4 billion) deal threw up a roadblock to the world’s largest retailer as it moves to reshape its international operations. Walmart was aiming to focus on faster-growing markets than Britain, where a shift to online shopping and the rise of discounters Aldi and Lidl are making life difficult for traditional supermarket chains. As Sainsbury struggles to contain fallout after the U.K. Competition and Markets Authority’s move, Walmart signaled that it’s in no hurry to move on.
LONDON (AP) — British regulators blocked Sainsbury's 7.3 billion-pound ($9.4 billion) purchase of Walmart's Asda unit on Thursday amid concerns the deal would have increased prices and reduced the quality and range of products available. For Walmart, it's another setback as it tries to refocus its international operations on higher-growth markets.
Britain's competition regulator on Thursday blocked Sainsbury's £7.3 billion takeover of Walmart owned Asda, saying it would have resulted in higher prices for shoppers. With their plan to overtake market leader Tesco thwarted, what next for Sainsbury's and Asda? WHAT DOES SAINSBURY'S DO NOW?
Britain's competition regulator on Thursday blocked Sainsbury's 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda, saying it would have resulted in higher prices for shoppers. With their plan to overtake market leader Tesco thwarted, what next for Sainsbury's and Asda? WHAT DOES SAINSBURY'S DO NOW?
Walmart could be stuck in the U.K. longer than it hoped. On April 25, the country’s Competition and Markets Authority blocked the planned £12 billion merger between J Sainsbury (JSAIY) and ASDA because it would lead to higher prices and a poorer shopping experience. The deal would have given Walmart (WMT) the owner of ASDA, a smart way to downsize its U.K. effort as part of its wider drive to tidy up some of its less profitable overseas operations.
LEVITTOWN, N.Y. (AP) — Inside one of Walmart's busiest Neighborhood Market grocery stores, high resolution cameras suspended from the ceiling point to a table of bananas. They can tell how ripe the bananas are from their color.
Almost a year since British grocery giant J Sainsbury Plc clinched a clever 7.3 billion pound ($9.4 billion) deal to buy Walmart Inc.’s Asda, the U.K.’s Competition and Markets Authority has blocked the transaction. British supermarkets will have to continue to do their best to compete, with one potential response – combining as a way to cut costs and ease the pressure from price-slashing rivals – shut off to them. Mike Coupe, Sainsbury’s chief executive, can legitimately say he tried to do a deal that was in the best interests of consumers, employees and shareholders, but was prohibited from doing so.
LONDON/BENTONVILLE, Ark., April 25 (Reuters) - Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco. The Competition and Markets Authority (CMA) ruling is also a major setback for Sainsbury's Chief Executive Mike Coupe, the architect of the deal and the group's boss since 2014.
A year ago, the confidence among executives at UK supermarket group J Sainsbury that its bold bid for rival Asda would clear the inevitable competition inquiry verged on ebullience. Barely 12 months later, the deal is dead, after the competition regulator wielded the ultimate sanction: a total block.
CNBC's "Power Lunch" hosts the 2019 Stock Draft. Celebrity chef Bobby Flay makes his second round pick. This year's other participants include professional poker player Maria Ho, New York Mets pitcher Noah Syndergaard, O'Shares ETFs chairman Kevin O'Leary, Wall Street mentalist Oz Pearlman, the Beardstown Ladies, Seymour Asset Management founder Tim Seymour, former NFL defensive end Jarvis Green, former NFL player Nick Lowery and entrepreneur and author Bethenny Frankel.
CNBC's "Power Lunch" hosts the 2019 Stock Draft. Professional poker player Maria Ho and New York Mets pitcher Noah Syndergaard make their second round picks. This year's other participants include Seymour Asset Management founder Tim Seymour, former NFL defensive end Jarvis Green, former NFL player Nick Lowery, entrepreneur and author Bethenny Frankel, celebrity chef Bobby Flay, O'Shares ETFs chairman Kevin O'Leary, Wall Street mentalist Oz Pearlman and the Beardstown Ladies.
Inside one of Walmart’s New York stores, thousands of cameras track when products are running low or when produce start to lose its freshness. Under increasing pressure from Amazon, Walmart is using artificial intelligence to manage stores in real time. (April 25)