Walmart stock tumbles as supply chain snarls hit margins ahead of holidays

(Reuters) -Walmart Inc shares on Tuesday suffered their biggest intraday drop since May after high labor and supply chain costs ate into quarterly margins, even as the world’s biggest retailer raised its annual sales and profit forecast. Major retailers, including Amazon.com, have been struggling to bring products into the United States ahead of the peak […]

Walmart raises full-year sales, profit forecasts as holidays start strong

(Reuters) -Walmart Inc on Tuesday raised its annual sales and profit forecast in anticipation of a surge in demand for toys and apparel during the crucial holiday season, even as global supply chain disruptions hit its margins in the third quarter.FILE PHOTO: Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, […]

Walmart to launch delivery service for other businesses

NEW YORK — Walmart says it will start commercializing its delivery service, using contract workers, autonomous vehicles and even drones to deliver other retailers’ products directly to their customers’ homes as fast as just a few hours. The Bentonville, Arkansas-based retailer launched delivery and Express delivery for its shoppers three years ago on more than […]