BENTONVILLE, Ark. — Walmart on Friday reported fiscal first quarter income of $2.1 billion on a 4.4% increase in revenue, to $122.7 billion, thanks largely to a jump in online grocery sales. Walmart’s digital sales increased 33% in the quarter ended April 27. The company projects online sales will increase 40% for the full year.
ATLANTA and BENTONVILLE, Ark. — Sharecare, the digital health company helping people manage all their health in one place, and Walmart Inc. have announced a strategic partnership aimed at improving the health and wellbeing of the retail giant’s associates and their families and friends, as well as the people living in the communities in which
BENTONVILLE, Ark. – In an effort to continue to be part of the solution to the nation’s opioid epidemic, Walmart is introducing new policies, programs and tools aimed at curbing opioid misuse and abuse. These initiatives apply to all Walmart and Sam’s Club pharmacies and pharmacists in the United States and Puerto Rico. Walmart Inc. supports
NEW YORK — Walmart is reportedly in talks to acquire health insurer Humana Inc. in a move to keep up with the consolidating health care marketplace and be competitive with Amazon.com. The proposed deal, reported by The Wall Street Journal, would squarely position a Walmart-Humana combination against the CVS Health-Aetna union that is expected to
NEW YORK — According to a report in The Wall Street Journal on Friday, Walmart and health insurer Humana are in early talks regarding a possible merger. WSJ says it isn’t clear what terms the companies may be discussing, and the story said there is no guarantee they will strike a deal. However, if they
PLANO, Texas — FedEx Corp. plans to open FedEx Office departments at 500 Walmart U.S. stores over the next two years. FedEx said Tuesday that the Walmart FedEx Office locations will offering printing, shipping and other services. The expanded rollout follows a successful pilot program involving 47 stores in six states. Besides using the packing,
BENTONVILLE, Ark. — George Riedl, senior vice president at Walmart and president of the Walmart Health and Wellness division, has left the company. A Walmart spokeswoman said that Riedl, a key pharmacy executive at the retail giant, departed effective March 16. The company didn’t say if a successor had been named. A former Walgreens executive,
NEW YORK — It is a pivotal juncture for the beauty care category in the drug channel. Retailers and brands need to devise a game plan to wrest the business away from prestige power players. Sales in cosmetics, skin care and grooming are firing on all cylinders — but sadly, not in the mass beauty
SEATTLE— Amazon.com plans to offer discounts on its Amazon Prime service to Medicaid recipients. Low-income individuals who are eligible for the government health insurance program will be able to sign up for Prime for $5.99 a month, a $7 discount from its standard monthly cost of $12.99. To qualify for the Amazon Prime Medicaid discount,
BENTONVILLE, Ark. — Total health care spending in the U.S. climbed to $3.4 trillion in 2016 and is expected to reach $5.5 trillion by 2020, according to the Centers for Medicare and Medicaid Services. With these costs on the rise, the adoption of wellness incentive programs by health care plans is becoming very popular. Earlier
BENTONVILLE, Ark. — George Riedl, senior vice president at Walmart and president of the Walmart Health and Wellness division, is leaving the company. A Walmart spokeswoman said Wednesday that Riedl, a key pharmacy executive at the retail giant, is slated to depart on March 16. The company didn’t say if a successor had been named. A
BENTONVLLE, Ark. — Walmart saw sales rise for its 2018 fourth quarter and fiscal year, fueled by gains across its key divisions as well as robust e-commerce growth. Walmart on Tuesday reported $136.3 billion in revenue in its fourth quarter, an increase of 4.1% from a year earlier. Walmart’s fiscal 2018 sales totaled $500.3 billion,
NEW YORK — CVS Health and Walmart have been named to the 2018 Fast Company 50 Most Innovative Companies list. On this year’s 50 Most Innovative Companies listing, CVS finished in the top 10, coming in at No. 7 for “cleaning up the aisles,” Fast Company said. CVS had last made the list in 2016,
BENTONVILLE, Ark. — Sam’s Club has tapped Sean Jackson to succeed Jill Turner-Mitchael as senior vice president for consumables and health and wellness. Jackson, who joined Sam’s Club in 2009 from Linens ’n Things, most recently served as vice president for home. He began his career at May Department Stores. Turner-Mitchael retired effective January 31.