Walmart just shared its quarterly results with investors and with the world, and its sales and profits are up. Great news! Only a lot of the chain’s profits have come because of aggressive cost-cutting, and its cutbacks in security have meant increases in petty and violent crimes that can be a burden on local law enforcement. [More]
What happens when a monkey gets loose in a Walmart parking lot and jumps a store employee? Someone catches the whole thing on video, that’s what happens, and the Internet goes crazy.
Following the crash of the housing market nearly ten years ago, some big box stores that had previously only dabbled in groceries started to give over more floor space to fresh and frozen foods. Walmart shoppers took to the idea of buying their food in the same store they purchase their TV, cleaning supplies, underwear, sporting goods, and just about anything else. Across the parking lot at Target, things aren’t as rosy. [More]
E-commerce companies don’t have to collect sales tax from customers who live in states where they have no physical presence, which could be anything from their headquarters to a distribution center. That’s been one of the advantages that Jet has had in the marketplace over its chief rival Amazon, which has facilities in 28 states, including the most populous ones. Jet customers in most states don’t have to pay sales tax. However, that could change soon, after Walmart’s acquisition of the young e-commerce company. [More]
When the CEOs of Walmart and of Jet met for the first time, they fell in corporate love. The two men couldn’t stop envisioning the future of their companies together, sketching out their dreams of combining Walmart’s inventory and supplier relationships and Jet’s e-commerce algorithm. The companies announced their engagement this week, and Walmart CEO Doug McMillon explained what it was he ever saw in the startup, which has barely been selling to the public for a year. [More]
Back at the beginning of 2015, before it launched to the public, e-commerce site Jet used a contest to encourage people to refer others to the site. The winner was a Pennsylvania man who spent $18,000 on online ads, recruiting new Jet users through sites like Facebook and Swagbucks. He received 100,000 shares in the company, which he couldn’t cash in until the company went public or were sold. Today, the company announced that Walmart acquired it for $3.3 billion. [More]
The Oklahoma Walmart Bee Invasion began with a routine transaction. No, Walmart isn’t selling bees now: two beekeepers met up in the store’s parking lot to complete the sale of three hives of around 10,000 bees each in a public place. Instead, the bees got loose, stinging people in the parking lot. Three people had severe enough problems that they were transported to the hospital. [More]
Getting an email from a retailer telling you to reset your password because you may have been the victim of a data breach is alarming enough. Imagine you’re one of the Walmart.com shoppers who say they have received dozens of emails directing them to reset their login credentials.
How seriously should retailers take loss prevention? Back in February, a Florida man in his 60s filled a cart with DVDs in the wee hours of the morning, What was different from most incidents was that store employees chased him and pinned him to the ground until police arrived. He was later pronounced dead at the hospital, and police are done investigating the incident, charging the three employees who chased and restrained him with manslaughter. [More]
A dog owner in West Virginia did what she probably thought was the responsible thing while out with her pets, leaving them in the car with the engine running while she was inside Walmart. However, in one of the best arguments against automatic transmissions that we’ve ever seen, the dogs shifted the car and drove it very slowly into the outside of the store. [More]
Earlier this year, Walmart put an end to its Walmart Express experiment, shuttering all 102 of the smaller-format stores, some of which had been opened for less than a year. But not all of these locations will remain vacant, with Dollar General deciding to open up shop in dozens of former Express stores. [More]
Those electric scooters at Walmart aren’t just for shopping. They can also apparently be used to shoplift, shake off store employees, and make a clean, if slow, getaway.
A little more than a month after police in Oxnard, CA found a chemical weapon inside a Walmart store, officials say they’ve arrested a 31-year-old man accused of putting it there. [More]