Welcome to our dedicated page for Walmart news (Ticker: WMT), a resource for investors and traders seeking the latest updates and insights on Walmart stock.
Walmart Inc. reports developments across its global omnichannel retail business, including store operations, ecommerce, mobile ordering, delivery services, and merchandising across grocery and general merchandise. The company’s recurring updates cover Walmart U.S., Sam’s Club, and Walmart International, with news on club services, digital fulfillment, pharmacy and health offerings, Vision Centers, and store remodel programs.
Company announcements also address supply chain investments, including owned milk processing capacity, local sourcing, and retail infrastructure. Governance and shareholder communications appear through annual report and proxy materials, board and committee matters, executive leadership updates, and shareholder proposals tied to the company’s public-company reporting cycle.
On October 30, 2020, Sam's Club announced a partnership with DoorDash to provide same-day pharmaceutical delivery services across more than 500 locations in 41 states. This service allows Sam's Club members to receive free delivery on their first two pharmacy orders until January 31, 2022, with subsequent deliveries priced at $7.99. Customers can schedule deliveries by contacting their local Sam's Club pharmacy. This initiative aims to enhance healthcare convenience for members, reflecting Sam's Club's ongoing commitment to member wellness and responsiveness to changing consumer needs.
Walmart has filed a lawsuit against the U.S. Department of Justice and the DEA, seeking clarification on the responsibilities of pharmacists under the Controlled Substances Act. The case, Walmart Inc. v. DOJ, et al, is in the U.S. District Court for the Eastern District of Texas. Walmart argues that DOJ officials are pressuring pharmacists to refuse valid opioid prescriptions from approved doctors, potentially harming legitimate patients. The company seeks judicial guidance to balance regulatory demands and ensure proper patient care amidst the opioid crisis.
Walmart and Sam's Club are hosting medication disposal events on Oct. 24 as part of the DEA's National Prescription Drug Take Back Day. This initiative addresses the misuse of controlled prescription drugs, which affected 9.9 million Americans in 2018. The events will run from 10 AM to 2 PM at select locations, with law enforcement assisting in safe disposal. Additionally, Walmart is installing in-pharmacy medication disposal kiosks at nearly 1,000 locations and offers an at-home opioid disposal product, DisposeRx, to further combat prescription medication misuse.
Walmart is transforming its Black Friday event into a multi-day savings opportunity titled "Black Friday Deals for Days" to enhance customer convenience and safety this holiday season. The event will span three separate days in November, with deals starting online on Nov. 4, Nov. 11, and Nov. 25, followed by in-store deals. Customers can enjoy discounts on popular brands like HP, LEGO, and Roku, including options for curbside pickup. Walmart emphasizes a commitment to maintaining safety through social distancing measures.
Sam's Club is enhancing its holiday offerings in response to member feedback, anticipating increased online shopping and early purchases. Key initiatives include hiring 2,000 supply chain associates, extending holiday savings events, and introducing more new products throughout the season. Notable events include the October Savings Event starting Oct. 4 and a new 'Ship from Club' service to fulfill online orders. Sam's Club aims to improve convenience and provide unique shopping experiences, ensuring members can access high-quality items and services.
Walmart has launched a new website, Safe & Well, in recognition of National Substance Abuse Prevention Month and National Medicine Abuse Awareness Month. This interactive resource aims to provide education on prescription drug safety and mental health, addressing the rising concerns over drug misuse and mental health issues exacerbated by the COVID-19 pandemic. The initiative, developed in partnership with EVERFI, Inc., aims to enhance community understanding of prescription medication risks and mental wellness.
Walmart hosted its inaugural virtual Open Call event, featuring over 800 small businesses pitching U.S. manufactured products. Approximately 56% of these businesses identified as diverse, with more than 175 advancing in the selection process. The event aligns with Walmart's commitment to source an additional $250 billion in U.S. products by 2023. Nearly 900 meetings were conducted, a 44% increase from last year, highlighting strong participation amid the pandemic. Notable attendees included various celebrities who inspired entrepreneurs, underlining Walmart's dedication to supporting small businesses.
Walmart hosted its first virtual Open Call event, where over 800 small businesses pitched their U.S. manufactured products. Around 56% of the businesses identified as diverse, and more than 175 received approval to advance in the selection process. This initiative supports Walmart's commitment to source an additional $250 billion in U.S. manufactured goods by 2023. The event saw increased participation, with nearly 900 meetings conducted, a 44% rise from last year. Popular product categories included healthy foods and personal care.
Walmart and Schneider Electric have launched the Gigaton PPA Program, aimed at increasing access to renewable energy for Walmart's U.S. suppliers. This initiative directly supports Walmart's Project Gigaton, which seeks to reduce carbon emissions by one billion metric tons by 2030. Over 2,300 suppliers have engaged, achieving 230 million metric tons of avoided emissions since 2017. The program will educate suppliers on renewable energy purchases and facilitate collective agreements, making it easier for smaller companies to access the renewable energy market.