Amazon has overtaken Walmart to become the world’s largest company by sales, ending Walmart’s 13-year run at the top. The technology and retail giant reported $717bn in revenue for 2025, edging past Walmart’s $713bn, according to figures released by the US retailer on Thursday. While both companies compete heavily in consumer retail, Amazon’s faster growth…
For budget-conscious fashionistas, Walmart has become an unlikely hero, offering a handbag dubbed the “Wirkin” as an affordable alternative to the iconic Hermès Birkin bag. This look-alike has taken the internet by storm, drawing widespread attention and quickly selling out on Walmart’s website. The Hermès Birkin bag is a symbol of exclusivity, flaunted by celebrities…
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Walmart and fintech company Branch Messenger on Monday, accusing them of forcing more than a million Walmart delivery drivers to use costly deposit accounts to access their paychecks. According to the CFPB, Walmart and Branch Messenger opened bank accounts for the company’s Spark Drivers using…
Walmart, the United States’ largest private employer, is scaling back some of its diversity, equity, and inclusion (DEI) programs, signalling a broader shift in corporate America as companies face mounting political and legal pressures from conservative groups. The retailer recently announced plans to end racial equity training for employees, reevaluate supplier diversity initiatives, and review…
Walmart has issued a recall for nearly 10,000 cases of its Great Value brand apple juice due to the discovery of elevated levels of inorganic arsenic, a potentially harmful chemical. The recall affects products sold in 25 states, Puerto Rico, and the District of Columbia. The recall, which was originally announced by the U.S. Food…
While many businesses like McDonald’s and Home Depot are struggling to attract cost-conscious shoppers, Walmart is experiencing significant growth as consumers flock to its stores for affordable groceries and essential items. Walmart announced on Thursday that sales at stores open for at least a year rose by 3.8% in the latest quarter compared to the…
Walmart customers across the United States and Puerto Rico may find themselves eligible to claim compensation of up to $500 as part of a recently settled class-action lawsuit against the retail giant. The lawsuit, which was initially filed in late 2022 and subsequently amended in 2023, alleges that Walmart engaged in deceptive pricing practices, particularly…
Walmart, the retail giant known for its expansive presence in the grocery and retail sectors, is making a bold move into the media and advertising landscape with its recent acquisition of TV manufacturer Vizio for $2.3 billion. The strategic purchase, announced on Tuesday, underscores Walmart’s ambition to expand its advertising arm and position itself as…
Walmart plans to close half its stores in Chicago, a reversal of the retail giant’s high-profile commitment in 2020 to expand in the city as part of its corporate racial justice initiative in the wake of George Floyd’s murder by police. Walmart announced that next week it will close four poor-performing stores out of the…
A new online shopping platform linked to one of China’s top retailers has quickly become the most downloaded app in the United States, surpassing Amazon and Walmart. Now it’s looking to capitalize from an appearance on America’s biggest stage. Temu, a Boston-based online retailer that shares the same owner as Chinese social commerce giant Pinduoduo,…
