Walmart revealed plans to construct four new high-tech fulfillment centers, of which one will be located in McCordsville, Indiana. According to the US retailing giant, the new 2.2 million square-foot facility will open in spring 2023. It will generate over 1,000 new jobs in Hancock County. The Walmart fulfillment center in McCordsville will employ automation […]
Walmart-owned Massmart has agreed to sell its non-core food assets to rival South African retailer Shoprite Checkers for ZAR 1.360 billion ($89.2 million). The sale includes Cambridge Food, cash and carry chain Rhino, and Massfresh, which is made up of produce wholesaler The Fruitspot, and a meat processing facility, along with a dozen Cash & […]
EDP Renewables (EDPR) has commissioned the 198MW Headwaters II Wind Farm in Randolph County, Indiana. The Spain-based renewable energy company owns the wind farm through its subsidiary EDP Renewables North America. The Headwaters II Wind Farm is the second phase of the operational 200MW Headwaters I Wind Farm. It is supported by power purchase agreements […]
Indian e-commerce giant Flipkart has raised $3.6 billion from a new funding round to take its valuation to $37.6 billion. The new funding round of Flipkart was led by Singaporean sovereign fund – GIC, SoftBank Vision Fund 2, Canada Pension Plan Investment Board (CPP Investments), and retail giant Walmart. Sovereign funds DisruptAD, Khazanah Nasional Berhad, […]
ChromaDex, a California-based dietary supplement and food ingredient company, has launched Tru Niagen, its flagship consumer product, in 3,800 Walmart stores across the US. Tru Niagen is a form of vitamin B3 which is known for elevating nicotinamide adenine dinucleotide (NAD+), which is important in cellular energy metabolism and energy production. Apart from that, Tru […]
Walmart Health, the primary care unit of retailing giant Walmart, has agreed to acquire multi-specialty telehealth provider MeMD for an undisclosed price. Founded by Dr. John Shufeldt in 2010, MeMD offers virtual care across the US. By utilizing the latest online technologies, the telehealth provider caters to patients round the clock in a convenient and […]
Walmart Canada said that it is constructing a distribution center in Moncton, New Brunswick, its first in the Atlantic Canada region, with an investment of over CAD56 million ($45.56 million). The new Walmart distribution center in Moncton will supply fresh and frozen groceries for the retailer’s 43 Atlantic Canada stores. According to Walmart Canada, the […]
Grupo Carrefour Brasil, a subsidiary of French supermarket chain Carrefour, has agreed to acquire Grupo BIG Brasil, a Brazilian food retailer, from Advent International and Walmart, for R$7.0 billion (€1.1 billion). The consideration consists of 70% in cash and 30% in newly issued shares of Carrefour Brazil. Grupo BIG Brasil has a multi-format network, made […]
American insurance firm Nationwide has joined forces with retailing giant Walmart to launch a new pet prescription program called Nationwide Pet Rx Express. The pet prescription program has been designed to help pet owners save time and money at the time of filling their pet prescription medications at any of the 4,700 pharmacies of Walmart […]
Indian e-commerce company Flipkart said that it will carry out a partial spin-off of Indian payment app PhonePe. Founded nearly four years ago, PhonePe is said to have surpassed 250 million registered users, with more than 100 million monthly active users (MAU) generating almost a billion digital payment transactions in October 2020. Flipkart said that […]