Latest news with #employee discount
Yahoo
a day ago
- Business
- Yahoo
Tariff fears drive Walmart to slash employee grocery prices 10%
Walmart has expanded its employee discount to cover more grocery items, including dairy, frozen foods, meat, and seafood. Walmart has expanded its employee discount programme to include nearly all grocery items, providing a 10% discount year-round. This change aims to support the company's 1.6 million US workers amid rising food prices and increased competition for retail employees. Expanded discount coverage Previously, Walmart's 10% employee discount applied only to fresh produce and general merchandise, with some seasonal exceptions. Effective immediately, the discount now encompasses a broader range of grocery items, including dairy, frozen foods, dry goods, meat, and seafood. However, clearance items remain excluded from the discount. Eligibility and implementation The expanded discount is available to Walmart employees after 90 days of employment. The change was announced at a managerial meeting in Houston, with Chief People Officer Donna Morris noting that the update addresses one of the most requested employee benefits. This move aligns Walmart's offerings with competitors such as Target and Whole Foods, which already provide broader in-store purchase discounts to employees. Strategic response to economic pressures The decision to extend the grocery discount reflects Walmart's response to ongoing inflation and the rising cost of food. With grocery prices for staples like eggs and beef remaining elevated, the expanded discount aims to alleviate financial pressures on employees. Additionally, the move is part of a broader strategy to enhance employee satisfaction and retention, complementing other recent initiatives such as wage increases and potential bonuses for hourly staff. By broadening its employee benefits, Walmart seeks to maintain a competitive edge in the retail sector, particularly as it faces challenges related to inflation and labour market dynamics. "Tariff fears drive Walmart to slash employee grocery prices 10%" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Fast Company
5 days ago
- Business
- Fast Company
Walmart's 10% staff discount just got expanded. Here's what's included
Walmart is expanding its 10% employee discount to nearly all of its grocery items, including dairy and meat, through the year, the company's chief people officer told its staff in a letter on Wednesday. The discount, previously limited to fresh produce and general merchandise such as apparel, now extends to almost all food categories — including milk, meat, dry grocery, and seafood — in stores and online, effective immediately. Walmart, the largest private employer in the United States, had previously extended its grocery discount during the holidays, but the perk will now be available year-round, the company said. 'We've heard your feedback that these savings make a real difference for you and your families,' Donna Morris, Walmart's chief people officer, wrote in the letter. Morris said the extension of the discount card program, first introduced more than 50 years ago, was among the company's most requested benefits. The company has also raised wages for U.S. hourly workers and launched a bonus program for about 700,000 front-line staff over the last couple of years to help retain workers. The Wall Street Journal first reported on the extension of the discount program.
Reuters
6 days ago
- Business
- Reuters
Walmart broadens 10% staff discount to include most grocery products
Aug 13 (Reuters) - Walmart (WMT.N), opens new tab is expanding its 10% employee discount to nearly all of its grocery items, including dairy and meat, through the year, the company's chief people officer told its staff in a letter on Wednesday. The discount, previously limited to fresh produce and general merchandise such as apparel, now extends to almost all food categories — including milk, meat, dry grocery, and seafood — in stores and online, effective immediately. Walmart, the largest private employer in the United States, had previously extended its grocery discount during the holidays, but the perk will now be available year-round, the company said. "We've heard your feedback that these savings make a real difference for you and your families," Donna Morris, Walmart's chief people officer, wrote in the letter. Morris said the extension of the discount card program, first introduced more than 50 years ago, was among the company's most requested benefits. The company has also raised wages for U.S. hourly workers and launched a bonus program for about 700,000 front-line staff over the last couple of years to help retain workers. The Wall Street Journal first reported on the extension of the discount program.
Yahoo
6 days ago
- Business
- Yahoo
Walmart broadens 10% staff discount to include most grocery products, WSJ reports
(Reuters) -Walmart has expanded its 10% employee discount to nearly all of its grocery items, as the retail giant looks to retain workers, the Wall Street Journal reported on Wednesday, citing a letter from chief people officer to the company's staff. The 10% discount, previously available on products such as fresh produce and general merchandise, now extends to almost all grocery purchases at its stores and online, effective immediately, according to the report. Walmart, the largest private employer in the country, did not immediately respond to a Reuters' request for comment. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
6 days ago
- Business
- Reuters
Walmart broadens 10% staff discount to include most grocery products, WSJ reports
Aug 13 (Reuters) - Walmart (WMT.N), opens new tab has expanded its 10% employee discount to nearly all of its grocery items, as the retail giant looks to retain workers, the Wall Street Journal reported on Wednesday, citing a letter from chief people officer to the company's staff. The 10% discount, previously available on products such as fresh produce and general merchandise, now extends to almost all grocery purchases at its stores and online, effective immediately, according to the report. Walmart, the largest private employer in the country, did not immediately respond to a Reuters' request for comment.
