The online giant now claims twice the market share of Walmart, thanks to its acquisition of Whole Foods, according to One Click Retail.
Goldman raises its rating for Walmart to buy and adds the retailer to its “Americas Conviction List.”
Walmart has reportedly appointed Judith McKenna to head up its international unit, of which UK grocery chain Asda is a part. According to Reuters , McKenna is to be promoted from her current role as chief operating officer of Walmart’s domestic operations in the US and will succeed David Cheesewright as international chief from February 1. READ MORE: Asda beats Big 4 in Christmas sales battle Asda starts new year with more head office job cuts Asda’s turnaround continues with second consecutive quarter of sales growth McKenna herself is a UK citizen and a veteran of Asda, where she served as both chief operating officer and finance chief before crossing the pond in 2014 to work at the headquarters of parent company Walmart.
Amazon's takeover of Whole Foods has pushed retailers like Kroger and Walmart to innovate.
Shares of H&R Block jumped nearly 1 percent Tuesday after the company announced an exclusive partnership with Walmart.
The warehouse retailer sees an opportunity in Walmart's store closings, but it’s Costco that could get the greatest benefit.
News comes after Walmart announced raising its minimum wage and later acknowledged Sam's Club store closures.
The closure or conversion of 10 percent of Sam's Club locations is a good move for Walmart, says Bill Simon.
Mnuchin said the “most important issue” is for companies, like Walmart, to raise their own pay rates over time.
Wall Street still wants to know where the rest of Walmart's tax savings will be spent.