Walmart Confirms No Partnership With Litecoin
A fake press release said the retailer would begin accepting payments in Litecoin, driving up the cryptocurrency's price by over 26%.
Walmart Is Hiring a Digital Currency and Cryptocurrency Product Lead
The executive will be in charge of identifying crypto-related investment and developing a digital asset strategy.
Flipkart Gets $3.6B to Invest in Indian E-Commerce
The largest-ever funding round for an Indian startup "reflects the promise of digital commerce in India."
Justice Department Sues Walmart Over Opioid Prescriptions
The retail giant called the suit a "transparent attempt to shift blame" and vowed to defend itself in court.
Walmart’s E-Commerce Surge Continues in Q3
“We’re convinced that most of the [shift to online shopping] will persist beyond the pandemic," CEO Doug McMillon says.
Walmart Offloads 85% Stake in Seiyu to KKR, Rakuten
KKR will acquire 65% of the Japanese retailer and Rakuten will take a 20% share through a newly-created subsidiary.
Walmart to Launch Subscription Service This Month
The retailer’s new $98 a year subscription program is expected to compete with Amazon Prime.
Walmart Online Sales Grow Record 97% in Q2
The surge in e-commerce reflects shifting shopping habits amid the coronavirus pandemic and helped power a 9.3% gain in Walmart's same-store sales.
Walmart Gets Big Boost From Pandemic Panic
For many grocery staples and cleaning supply items, "we were selling in two or three hours what we normally sell in two or three days."
Walmart Earnings Miss as Online Growth Slows
Walmart's Q4 results show “the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online."