117.20 +0.04 (0.03%)
After hours: 7:50PM EDT
|Bid||117.24 x 900|
|Ask||117.19 x 800|
|Day's Range||116.18 - 117.23|
|52 Week Range||85.78 - 118.19|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||26.49|
|Earnings Date||Nov 14, 2019|
|Forward Dividend & Yield||2.12 (1.82%)|
|1y Target Est||118.67|
Walmart's CIO Clay Johnson is leaving the retailer to join Yum Brands as the chief digital and technology officer, a newly created position. It marks the second executive to leave Walmart this year, as its CTO Jeremy King departed for Pinterest in March.
Walmart's CIO, Clay Johnson is leaving to join Walmart, and stepping into a newly created position as Yum Brand's Chief Digital and Technology Officer. Yahoo Finance's Brian Sozzi and Alexis Christoforous discuss Yum Brand's company outlook.
A Greater Cincinnati firm focused on consumer-centered design played a key part in Walmart’s new health care project, and there’s likely more on the horizon.
Citigroup’s Gregory Badishkanian reiterated a Buy rating and $135 price target on the shares, citing the company’s growth initiatives and resilience in the event of a recession.
The Zacks Analyst Blog Highlights: Chevron, Walmart, ConocoPhillips, TransDigm and Phillips 66 Partners
The Equal Employment Opportunity Commission (EEOC) believes Walmart may have paid some women less or denied them promotions because of their gender and has directed the company to resolve the matter or face a lawsuit, according to documents shared with The Wall Street Journal by a law firm that represented women in a failed 2001 class-action suit against the retailer. The memos provided to WSJ by Milstein Sellers & Toll showed that the EEOC has found reasonable cause that 178 women workers in 30 states experienced pay or promotion discrimination.
The Capital One Walmart Rewards Mastercard (MA) will become available to shoppers starting Sept. 24. The credit card’s rewards represent an upgrade to Walmart’s existing credit card, and was designed with online shopping in mind. The card comes with an introductory offer of 5% back on purchases made at the big-box store using Walmart Pay, the retailer’s mobile pay app, for the first 12 months after approval.
Defunct New York City boutique Scoop, a buzzy locale frequented by fashionistas and celebrities looking for on-trend pieces to complete their look before it closed two years ago, is being revived by an unlikely partner: Walmart. The relaunch is a partnership with Scoop co-founder, designer Stefani Greenfield, and Walmart (NYSE: WMT) promises elevated details that typically come at a more premium price, like certified vegan leather and faux fur, fully-lined outwear, and unique denim washes and trim. Denise Incandela, head of fashion for Walmart U.S. eCommerce, told Women’s Wear Daily the Scoop name had outsize influence and inspired passion in its followers, including Jennifer Lopez, Reese Witherspoon, Khloe Kardashian and Sophia Vergara.
Deloitte expects holiday sales to exceed $1.1 trillion during the November–January period. Also, e-commerce sales are projected to increase 14%–18%.
(Bloomberg) -- Amazon.com Inc.’s Alexa has mastered Hindi in just a few years.The voice assistant introduced to India in 2017 gets a major local makeover for one of the largest retail markets. From Wednesday, Amazon launches a version that now speaks Hindi and Hinglish -- a unique blend with English. It can also switch automatically between all three. The new, improved Alexa and Echo speakers hit the market in time for the Diwali shopping season.The voice assistant lets customers to ask for music, get Bollywood news, cricket updates and more in Hindi and Hinglish on its Echo and other voice-controlled smart speakers. It will respond in an unmistakably Indian accent to Hinglish questions such as “Alexa, Bollywood ke hottest gane sunao” and “Volume badhao” (to ask for the latest Bollywood hits and increase the volume, respectively). “Alexa, latest cricket score batao” yields the latest scores.Technology giants from Apple Inc. to Google are targeting this nation of 1.3 billion people by training virtual assistants in the heterogeneity of its languages and subcultures. Alphabet Inc. too has introduced a Hinglish-speaking Google Assistant, while Apple has hired native speakers to evolve and enrich Siri. In Amazon’s case, Alexa may prove key in a battle against Walmart Inc. in one of the world’s fastest-growing e-commerce arenas, a battle the Seattle online retailer has staked at least $5.5 billion on.Until now, Amazon’s virtual assistant had a limited vocabulary of names, places and popular songs in Hindi and a few others of the country’s roughly one dozen official languages.Read more: Amazon Teaches Alexa to Speak Hinglish. Apple’s Siri Is NextUnderstanding Hindi and Hinglish is critical for companies targeting first-time internet users in the countryside, who are coming online rapidly thanks to cheap devices and cut-rate wireless data. The Hindi internet user base will outgrow India’s English internet users by 2021, according to consultancy KPMG. But even Hindi has dozens of dialects and regional variations.“Hindi changes every 100 kilometers or so,” Rohit Prasad, Amazon’s head scientist of Alexa AI, said in an interview. Alexa can handle varied regional accents and dialects. “Alexa has an Indian personality.”Prasad, 43, grew up in Ranchi in India’s Hindi-speaking heartland, hailing from a family of engineers. Computers were still new then and as a teenager, he abandoned cricket games to run home and catch Star Trek episodes on the government-run TV channel. “It was in the realm of science-fiction then but I was endlessly fascinated by computers and humans communicating with each other.”He studied engineering in the same city before heading to the Illinois Institute of Technology, later working in speech recognition at Raytheon before joining Amazon in 2013. “Having grown up in diverse India, it was indelibly etched in my brain that Alexa has to work for everyone, and not just English speakers,” said Prasad, clad in a casual shirt and jeans and seated in a hotel conference room in New Delhi. “It’s a daunting task.”For instance, the virtual assistant was trained to differentiate between the oft-used Hindi word “achcha” or “okay,” which can sound close to its wake word. In many households, a single conversation can have Hindi and English words liberally interspersed. Alexa will be able to respond in either language without the user having to change settings. The AI will keep learning and improving with time, he said. Alexa in Hindi will also be available on Bose smart speakers, and soon in brands like Motorola and Sony.“It took me 20 years to get here,” Prasad said. “There’s a big deep learning wave right now and if I think of something new in conversational AI, I know I have a fighting chance of getting it right.”To contact the reporter on this story: Saritha Rai in Bangalore at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
MCLEAN, Va. and BENTONVILLE, Ark., Sept. 18, 2019 /PRNewswire/ -- Capital One and Walmart are introducing the Capital One Walmart Rewards Credit Card Program, which launches with two new credit cards that reward customers for shopping at Walmart and on purchases they make everywhere the card is accepted. The program's signature co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart purchases, the Walmart Rewards Card, will be available beginning September 24.
The agency urged Walmart and the women who filed complaints to come to a "just resolution," which could include a settlement and changes to Walmart's employment practices, after finding "reasonable cause" to believe there was gender discrimination. The memos were issued in July and viewed by Reuters on Tuesday after they were first reported by the Wall Street Journal. Bentonville, Arkansas-based Walmart is the world's largest retailer and the largest private employer in the U.S. with a workforce of 1.5 million.
Walmart has opened its first freestanding health care clinic about 30 miles northwest of Atlanta, promising to provide “low, transparent pricing” regardless of a patient’s insurance status. Services offered at the facility in Dallas, Georgia, population about 13,000, will include primary care, mental health, dental, hearing and optical care, as well as lab and X-ray facilities, nutrition and fitness services and and health insurance education and enrollment assistance, the company said in a news release. The health clinic has a separate entrance from the store and was created as part of a recent remodel of the city's Walmart (NYSE: WMT) Supercenter.
Keurig (KDP) opens production and supply-chain facility in Allentown, PA, which should add 400 jobs. Further, it expands the coffee-maker line, with the launch of the K-Duo portfolio.
Walmart reported stellar earnings last month and has outpaced the market so far this year. But what if the recession everyone's concerned about comes to life? Doesn't matter, Walmart is still a buy.
The nearly 1 million-square-foot distribution center in Johnstown employs 750 forklift operators, order fillers and support staff who supply food and nonperishable goods to 117 Walmart Supercenters between Rochester, eastern Long Island and northern New York state.
The trials and tribulations of the retail sector have been well documented. Some old-school retailers have completely disappeared, like Sears . Others, like JC Penney , seem destined to follow. JC Penney currently trades at less than $1 per share.