"I don't think I'm losing my job specifically in the near future," a Sam's Club worker said after seeing the company's approach to AI.
Walmart warehouse work is physically taxing. Now, robots and forklifts are lightening the load, and could give workers longer careers, its CFO said.
Gen Z "believes it's cool to save money, and we agree with them," Sam's Club CEO Chris Nicholas said.
Mustafa Tovi, 45, started off as a part-time employee for Walmart and has stayed with the company for 25 years.
The typical Amazon shopper makes more than 70 purchases per year from the site. Walmart says its members are making more one- and two-item orders.
Walmart now has 15 of its 42 distribution centers with some level of automation, and those numbers are growing fast.
Walmart is enjoying a flywheel with inflation bringing in new customers, digital customers leading to lower costs, and that leading to lower prices.
"We believe the stock adds a strong balance of defense and offense on both the top and bottom lines in a soft consumer backdrop," JPMorgan said.
The three surviving children of Walmart founder Sam Walton have a collective net worth of about $262 billion, more than either Jeff Bezos or Elon Musk.
The heirs to Walmart founder Sam Walton have seen their wealth balloon as the company's stock price reaches all-time highs.
Walmart announced a slate of pay and benefits perks as the company tries to encourage more employees to stick with the job for longer.
Amazon, Target, Walmart, and more are offering deals on thousands of items to woo inflation-weary consumers this summer.
Greg Harden, a Walmart store manager near Dallas, told Bloomberg the company's new compensation plan could lead to a hefty pay increase for him.
Meet the top billionaire sports team owners who have teams in the NBA, NFL, NHL, MLB, soccer, and cricket.
Deals
2024-05-27T16:02:10Z
Memorial Day is a great chance to find furniture deals. Here are all that are currently available, including CB2, West Elm, and more.
Target is having less success so far emulating Walmart than Walmart has had emulating Target.
Walmart has opened the first two of more than 150 new or up-sized locations it has planned for the next five years.
The 74-year-old Walmart heiress Alice Walton has spent her $84 billion fortune amassing a huge art collection and breeding horses.
Walmart's return-to-office mandate isn't just another big company reversing pandemic-era remote work. It's also a return to its historic ways.
Walmart keeps posting strong earnings thanks to its revamped stores, growing product selection, and e-commerce convenience.