Walmart CFO John David Rainey talked to FOX Business about how the company has been "upleveling" its brand, helping it gain more higher-income shoppers.
The Walmart Effect
New research suggests that the company makes the communities it operates in poorer—even taking into account its famous low prices.
Walmart accused of illegally forcing over 1 million of its drivers it open bank accounts - Walmart called the lawsuit factually inaccurate and said the agency didn’t give the company a fair chance to
The Consumer Financial Protection Bureau has filed a lawsuit against Walmart, alleging the company forced delivery drivers to use costly deposit accounts to get
Walmart and Branch Messenger, a payments platform, accused of deceiving workers about pay from retailer for two years.
The agency said that drivers on Walmart's Spark platform couldn't immediately access their earnings without giving the app a cut.
A woman was killed while standing in line at Walmart and investigators say a teenage gunman fired the shots “to incite fear” at the store, according to the Robeson County Sheriff’s Office. Ezekiel Burden, 17, remains on the run after killing 42-year-old Brandy Nicole Olson, the sheriff’s office said in a Dec. 23 news release.
The federal government is suing Walmart and the fintech company Branch Messenger, accusing the companies of forcing employees to use specific accounts to access their pay and of opening the accounts on the employees’ behalf.
In the most competitive holiday season in years, major U.S. retailers Target and Walmart are spending more on ads to reach shoppers on short-video app TikTok and streaming platforms. But while recent U.
Walmart's stock was climbing 1.3% in recent trading, which puts it on track to snap a four-day losing streak in which it shed 5.3%. J.P. Morgan analysts said in a note to clients that they were "more optimistic" on broadline retailer stocks going into 2025,