Walmart said that prices for shoppers would rise due to higher tariffs on goods from China as the world’s largest retailer reported its best comparable sales growth for the first quarter in nine years. Bentonville, Arkansas-based Walmart called out the impact of tariffs on consumers
Walmart told the US government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed.
Walmart plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the US retail giant said on its social media account.
Walmart also called for a strengthening of background checks for gun buyers and action to take guns out of the hands of those who pose a risk of violence, which was followed by an almost identical message from grocery operator Kroger Co.
The back-to-back massacres have reopened the national debate over gun safety and led protesters in Dayton to heckle Ohio's Republican governor, Mike DeWine, at a vigil for the shooting victims with chants of "Do something!"
Shares in the world’s top brick-and-mortar retailer rose as much as 3.4% and are up about 7% so far this year, outpacing Wall Street’s blue chip index, which is down nearly 14% for the year.
Walmart said it would hire 50,000 more workers at its stores, clubs and distribution centers to meet a surge in demand for groceries and household essentials from consumers stockpiling during the coronavirus outbreak.
Major players including Facebook, Intel and others have already ploughed some $15 billion into Jio Platforms this year, as Ambani — India's richest man — seeks to take on US giants Amazon and Walmart in India's growing online retail sector.
Backed by multi-billion-dollar investments from global tech giants, India’s richest man is ready to rumble with Amazon and Walmart for the country’s huge e-commerce market through his conglomerate Reliance.
President Donald Trump said Saturday he had approved a deal allowing Silicon Valley giant Oracle to become the data partner for Tiktok to avert a shutdown of the massively popular Chinese-owned video app that Washington has called a security risk.