Walmart-Backed Flipkart Turns to Videos and Livestream to Woo Indian Online Shoppers
Using videos to showcase and sell products is one of the leading new forays at Flipkart, Neha Agrahari, a senior director at the retailer, said in an interview to Bloomberg News.
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Yahoo
18 minutes ago
- Yahoo
Walmart earnings expected to show US sales growth continued in Q2 as consumers seek value
Walmart (WMT) is expected to post another robust quarter as consumers likely turned to the big box retailer's low-price strategy as tariff-related uncertainty pushed consumers to more carefully scrutinize their household budgets. Total US same-store sales are expected to grow 4.2%, which includes both Walmart US and its wholesale subscription business, Sam's Club, per Bloomberg consensus estimates. Wall Street expects Walmart US same-store sales growth to increase 4.05%, driven by higher foot traffic, ticket size traffic, and e-commerce. Sam's Club is expected to drive growth, with sales forecast to rise 5.3%. Gains in grocery, improvement in select nondiscretionary categories, progress on e-commerce and marketplace, as well as "gains from rollbacks and selective promotions" will benefit the results, Telsey Advisory Group analyst Joe Feldman said in a note to clients. "We also anticipate continued increases in share of wallet across all income cohorts, including upper-income households," Feldman added. Revenue is expected to clock in at $176.05 million, alongside adjusted earnings of $0.74. Investors will also be looking for further commentary around tariffs after the company said it would have to raise prices earlier this year. Read more: 5 ways to tariff-proof your finances Walmart CEO Doug McMillon told analysts in May, "We aren't able to absorb all the pressure given the reality of narrow retail margins." He added that tariffs had already led to price increases in April and May. At the time, McMillon said the "reset of costs" would continue throughout the year, adding that for an imported item, "You pay the tariff at the time it comes through customs ... even if the tariff rate comes down later, the cost has been elevated." Robert Ohmes of Bank of America estimated Walmart imports roughly 15% of its US sales from China. Around 60% of the US sales are groceries, which are largely tariff-exempt if they're produced domestically or in Mexico and Canada. Ahead of this report, Ohmes said the retailer is "well positioned to manage tariffs given its scale with suppliers, advanced pricing, automation, and inventory management." Year to date, shares of Walmart are up 12%, compared to the S&P 500's (^GSPC) 9% gain. Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Click here for all of the latest retail stock news and events to better inform your investing strategy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
22 minutes ago
- Forbes
Walmart Radioactive Shrimp Recall: Smarter Grocery Shopping With Cash-Back Cards
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. A recent U.S. Food and Drug Administration (FDA) advisory prompted Walmart to recall certain lots of frozen shrimp due to safety concerns over potential radioactive contamination. While the situation may affect only specific products, it's a reminder that relying on one big-box store for discounts isn't the only way to save. Smaller grocers, local markets and smart credit card use can help you stretch your food budget without compromising your peace of mind. Many shoppers head to Walmart for one reason: low prices. But it's worth looking at alternatives to recalls, crowded aisles and, sometimes, limited options. Regional supermarkets, warehouse clubs and farmers' markets often run competitive weekly promotions. Combine those deals with the right cash-back credit card, and you can create savings that rival, or even beat, Walmart's everyday discounts. If grocery shopping takes up a significant chunk of your budget, pairing the right store with a high-earning cash-back card can give you an immediate rebate. If you're ready to hop on the bandwagon, here are some of the best cash-back credit cards that stand out. Blue Cash Everyday® Card from American Express rates & fees : This card earns 3% cash back at U.S. supermarkets, U.S. online retail purchases, and U.S. gas stations (on up to $6,000 in each category per year in eligible purchases, then 1%), and 1% cash back on other purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit and at checkout. Cardholders are also eligible for a $200 statement credit after spending $2,000 on purchases within the first 6 months. It's an ideal choice if groceries make up a large share of your monthly spending. rates & fees This card earns 3% cash back at U.S. supermarkets, U.S. online retail purchases, and U.S. gas stations (on up to $6,000 in each category per year in eligible purchases, then 1%), and 1% cash back on other purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit and at checkout. Cardholders are also eligible for a $200 statement credit after spending $2,000 on purchases within the first 6 months. It's an ideal choice if groceries make up a large share of your monthly spending. Capital One Savor Cash Rewards Credit Card : This Capital One card earns 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®), 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases. It also offers a $200 cash bonus after spending $500 on purchases within the first 3 months from account opening, plus a $100 credit to use towards flights, stays and rental cars booked through Capital One Travel during your first cardholder year. This Capital One card earns 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®), 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases. It also offers a $200 cash bonus after spending $500 on purchases within the first 3 months from account opening, plus a $100 credit to use towards flights, stays and rental cars booked through Capital One Travel during your first cardholder year. Citi Double Cash® Card : Cardholders earn 2% cash back on all purchases—1% when purchases are made and another 1% when they're paid off, and earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel. It also offers a welcome bonus of $200 cash back after spending $1,500 on purchases in the first 6 months of account opening, fulfilled as 20,000 ThankYou® Points. With no categories to track or caps on rewards to worry about, this card is best for anyone who prefers a set-it-and-forget-it approach to earning solid rewards. Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed. With grocery prices still climbing, making your money go further is more important than ever. Here are a few strategies to keep in mind when shopping and cooking for your family: Mix and match stores. You don't have to rely on just one chain. Smaller neighborhood markets may offer weekly specials that beat national retailers. You don't have to rely on just one chain. Smaller neighborhood markets may offer weekly specials that beat national retailers. Use store loyalty programs. Digital coupons and app-based discounts can stack with your credit card's cash-back rewards. Digital coupons and app-based discounts can stack with your credit card's cash-back rewards. Plan meals around sales. Instead of shopping with a fixed recipe list, check weekly flyers and build your meals around what's discounted. Instead of shopping with a fixed recipe list, check weekly flyers and build your meals around what's discounted. Don't waste leftovers. Turning last night's dinner into tomorrow's lunch can cut down on both food waste and grocery runs. The Walmart shrimp recall is a timely reminder that chasing the lowest price isn't always the best move. Shopping at smaller local grocers and using the right cash-back card can also help lower your grocery bill while offering more choice and flexibility. Whether you prefer the category boosts of the Blue Cash Everyday® Card from American Express or Capital One Savor Cash Rewards Credit Card, or the simplicity of the Citi Double Cash® Card, the right card ensures that every grocery run pays you back. To view rates and fees for the Blue Cash Everyday® Card from American Express please visit this page. Was this article helpful?
Wall Street Journal
22 minutes ago
- Wall Street Journal
Hertz to Sell Used Cars on Amazon Autos
Your Amazon AMZN -1.74%decrease; red down pointing triangle shopping cart could soon include a late-model used car from Hertz. The rental-car company has started selling its used vehicles directly to consumers through the online giant. Hertz HTZ 5.10%increase; green up pointing triangle shares soared as much as 17% on Wednesday after the company said it would sell its used cars on Amazon's automotive marketplace. They were up 4% at $5.41 in the afternoon.
