Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.
Walmart posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online purchases showed it can hold its own against Amazon.
Asda, the British supermarket arm of Walmart reported a 2.6 percent rise in quarterly underlying sales, showing its recovery was gaining speed ahead of an expected takeover by bigger rival Sainsbury’s.
Japanese discount retailer Don Quijote Holdings Co Ltd said it would be interested in buying Seiyu if Walmart Inc puts the Japanese supermarket chain up for sale, as it expands its presence in the domestic market.
German-owned discount supermarket Aldi Inc is rolling out scores of new products in the United States, in an aggressive push to expand in the country even as rivals are struggling in a drawn-out price war.
India’s antitrust regulator on Wednesday approved U.S. retail giant Walmart Inc’s $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc in the fast growing market.