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Walmart Goes Upscale on Two-Buck Chuck Playbook With $10 Wines
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Walmart Offers Low-Priced Insulin to Counter Amazon s Drug Push
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Walmart Overhauls Media Unit in Push to Become Ad Titan
Bloomberg 1/28/2021 Thomas Buckley © Photographer: Michael Nagle/Bloomberg Packages move along a conveyor belt inside a Wal-Mart Stores Inc. fulfillment center in Bethlehem, Pennsylvania.
(Bloomberg) Walmart Inc. plans to ramp up growth in its digital media business as the world’s largest retailer seeks to become a top-ten advertising platform in the U.S. within five years.
The media group, which will be renamed Walmart Connect, will offer targeted ads on e-commerce platforms such as Walmart.com and the Walmart app to shoppers as they’re purchasing in real time, the company said Thursday in a statement. Walmart will also allow brands to advertise on almost 170,000 digital screens at self-checkout kiosks and on TV walls in more than 4,500 stores.
Walmart Loses Marc Lore, Architect of Its E-Commerce Revival
Bloomberg 1/15/2021 Matthew Boyle and Henry Ren
(Bloomberg) Walmart Inc.’s Marc Lore, the architect of its digital operations, is leaving the retailer at a time when its battle with Amazon.com Inc. is growing even more intense.
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Lore, 49, plans to retire from the role effective Jan. 31. He will stay on as a strategic adviser through September, the company said in a filing. His contract required him to stay at Walmart for five years, and he’s fulfilling that with his short-term consulting role.
Walmart shares fell as much as 2.2% on Friday in New York, the most intraday since September.
Walmart Loses Marc Lore, Architect of Its E-Commerce Revival
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January 15, 2021
(Bloomberg) Walmart Inc.’s Marc Lore, the architect of its digital operations, is leaving the retailer at a time when its battle with Amazon.com Inc. is growing even more intense.
Lore, 49, plans to retire from the role effective Jan. 31. He will stay on as a strategic adviser through September, the company said in a filing. His contract required him to stay at Walmart for five years, and he’s fulfilling that with his short-term consulting role.
Walmart shares fell as much as 2.2% on Friday in New York, the most intraday since September.
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