WALMART news and archive

Walmart launches exclusive Jessica Simpson collection for spring and summer

Walmart has unveiled a partnership with The Jessica Simpson brand, introducing a fresh lineup of women's apparel, swimwear, and jewelry just in time for the summer seasons. Boasting a blend of boho-chic styles and timeless classics, the collection offers Walmart customers the perfect additions to their spring and summer wardrobes, Walmart said...

BusinessFeatured

Walmart partners with unspun, leveraging 3D weaving technology to reduce textile waste

Walmart has announced a new pilot project with textile innovator unspun to reduce the environmental impact of garment production. Through the project, Walmart will work with unspun to see how the company’s 3D weaving machines can be utilized to produce workwear-style pants under a Walmart house brand. A pioneering fashion tech company based in...

Retail

Walmart launches special Justice x Care Bear collection

Justice has launched a new, exclusively collaborative collection with the iconic Care Bears™️ brand. Developed in honor of Justice's 20th anniversary, the new collection brings together the timeless charm of the Care Bears with the brand's leading tween fashion sense. The Justice x Care Bears collection features well-beloved Care Bear characters...

Report

Walmart Q3 revenues increase by 5.2 percent

Consolidated revenue of 160.8 billion dollars at Walmart, were up 5.2 percent or 4.3 percent in constant currency. For fiscal 2024, the company expects consolidated sales to Increase approximately 5 percent to 5.5 percent, operating income to increase approximately 7 percent to 7.5 percent, and adjusted EPS in the range of 6.40 dollars to 6.48...

BusinessFeatured

Ralph Lauren, Diesel and Hugo Boss face Canadian watchdog investigation for forced labour claims

A number of fashion and apparel companies are facing investigations by a Canadian watchdog in regards to complaints alleging there was evidence of forced labour in their production. The Canadian Ombudsperson for Responsible Enterprise (CORE) published its initial reports for each of the companies in question, responding to a series of complaints...

Fashion Featured

Walmart and Rubi Laboratories launch pilot to convert carbon emissions into clothing

Walmart, the world’s largest omnichannel retailer, has signed manufacturing and brand pilot agreements with Rubi Laboratories to leverage the California-based start-up's carbon capture and conversion technology to disrupt supply chains and deliver affordable apparel from carbon emissions. The initial manufacturing pilot will explore how Rubi’s...

Report

FullBeauty to acquire plus size fashion brand Eloquii from Walmart

FullBeauty has agreed to acquire plus size fashion label Eloquii Inc. from Walmart. FullBeauty Brands offers a wide breadth of sizing with apparel from 12W to 44W, bras in bands from 30 to 58 and cups from A to O, footwear in medium, wide and wide-wide, and more. The company said in a statement that this acquisition will allow FullBeauty Brands...

ManagementFeatured

Express and WHP acquire menswear label Bonobos from Walmart

WHP Global and Express Inc (EXPR) have entered into a definitive agreement with Walmart to acquire menswear brand Bonobos for a combined purchase price of 75 million dollars. The company said in a release that WHP Global will acquire the Bonobos brand for a purchase price of 50 million dollars, while EXPR will acquire the operating assets and...

Report

Walmart aims to increase sales by 130 billion dollars in next five years

American retail group Walmart has outlined an ambitious growth strategy during its 2023 Investment Community meeting, where it also unveiled its fiscal 2024 Q1 and full-year guidance results. In the report, the company highlighted areas it was investing in in order to globally strengthen the business through its people, supply chain and across...

Business |Beauty

Tia Mowry launches haircare line exclusively at Walmart

Actress Tia Mowry has partnered with synthetic biotechnology company Amyris to launch a natural haircare range that celebrates curls. 4U by Tia Mowry is exclusive to Walmart and will be sold in more than 2,800 stores in the US, as well as on the retailer’s website and via the direct-to-consumer website 4UbyTia.com. The haircare line launches...

Business

Walmart lifts US wages in stores again amid tight labor market

Walmart announced Tuesday it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector. The retail giant, the biggest private employer in the United States, is boosting the pay range at US stores to between 14 and 19 dollars an hour from the prior...

Retail |Beauty

Pardon My Fro to debut haircare line at Walmart

Pardon My Fro, a fashion and lifestyle brand crafted for women “proud of their hair and their heritage,” is launching its first haircare line exclusively with Walmart on February 13. Founded by entrepreneur and self-taught graphic designer Dana Bly, the six-piece haircare collection features products developed and formulated for hair types up to...