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Topic

Walmart Inc

Silicon Valley self-driving startup Gatik works with Isuzu to build delivery trucks

Silicon Valley self-driving startup Gatik works with Isuzu to build delivery trucks

Published 06 Apr, 2021 10:14am
  • Gatik, which has raised nearly $30 million so far, said its trucks are owned by a major fleet operator which it isn't yet disclosing. So far it has been using the Ford Transit chassis for its existing fleet of autonomous delivery trucks.
  • Ford Motor Co Executive Chairman Bill Ford's venture capital fund Fontinalis Partners is an early investor in Gatik, according to Narang.
Walmart's Flipkart in early talks for US listing via SPAC deal

Walmart's Flipkart in early talks for US listing via SPAC deal

Updated 04 Mar, 2021 09:51pm
  • The talks for a deal with a special purpose acquisition company (SPAC) are at a very early stage and could fall apart as no plans have been finalized yet, said the people, who declined to be named as the information is confidential.
  • India's largest renewable energy firm ReNew Power last month struck a deal with a blank-check company to go public in the United States, while SoftBank-backed online grocery startup Grofers has also held talks with SPACs.
Walmart rides soaring holiday demand to beat same-store sales estimates

Walmart rides soaring holiday demand to beat same-store sales estimates

Published 18 Feb, 2021 07:17pm
  • Walmart, which employs 1.5 million people in the United States, also said it was raising wages for its workers in the country to more than $15 per hour on average.
  • Online sales rose 69% in the quarter, blowing past a 35% increase in the year-earlier period, but slower than a 79% surge in the third quarter.
Walmart expands vaccinations in boost to US COVID-19 program

Walmart expands vaccinations in boost to US COVID-19 program

Published 22 Jan, 2021 06:47pm
  • The move from the world's largest retailer comes as US President Joe Biden races to accelerate a frustratingly slow vaccination campaign.
  • Walmart is already vaccinating healthcare workers in New Mexico and its home state of Arkansas.
Walmart readies pharmacies for COVID-19 vaccine roll out

Walmart readies pharmacies for COVID-19 vaccine roll out

Updated 11 Dec, 2020 01:49am
  • The retailer said it was preparing over 5,000 Walmart and Sam's Club pharmacies with freezers and dry ice to handle vaccine storage requirements.
  • It said it was educating its employees about COVID-19 vaccine, and they can choose to receive it once they are eligible.
Walmart beats same-store sales estimates on buoyant online demand

Walmart beats same-store sales estimates on buoyant online demand

Published 17 Nov, 2020 05:23pm
  • Sales at US stores open at least a year rose 6.4%, excluding fuel, in the third quarter ended Oct. 31.
  • We think these new customer behaviors will largely persist and we're well positioned to serve customers with the value and experience they're looking for.
Walmart partners with GM's Cruise on self-driving delivery pilot in AZ

Walmart partners with GM's Cruise on self-driving delivery pilot in AZ

Updated 10 Nov, 2020 09:06pm
  • Walmart previously has partnered with tech startups Flytrex, Nuro and Gatik on pilot delivery programs with self-driving vehicles in several US locations.
  • Backed by Honda Motor Co, SoftBank Group and T. Rowe Price Cruise told Reuters in an email it is "laser-focused on making this first pilot successful with Walmart.
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