PhonePe gets additional USD 100 million fund from General Atlantic
Decacorn fintech firm PhonePe has received an additional USD 100 million from General Atlantic during its ongoing fundraise round of USD 1 billion at a pre-money valuation of USD 12 billion, the company said on Wednesday.
Walmart lays off hundreds of employees to 'prepare for the future'
Retail giant Walmart is laying off hundreds of employees at its e-commerce facilities across the US as part of an adjustment in staffing "to better prepare for the future needs of customers".
Dominick Reuter
Meet the typical Walmart shopper, a 59-year-old white suburban woman earning $80,000 a year
The typical Walmart shopper visits at least once per week — about 63 trips per year — and picks up 13 products for a total cost of about $54 per trip.
Ben Gilbert
Why companies like Amazon, Walmart, and Target will let you keep some products you want to return — but issue you a refund anyway
There's a customer service reason, there's an economics angle, and it also has to do with sustainability, industry insiders say.
Rounak Jain
Flipkart and PhonePe complete separation six years after acquisition
Flipkart and PhonePe have announced that they are fully separated now, six years after the e-commerce giant acquired the latter. The separation comes at a time when PhonePe is reportedly in talks to raise funds at a valuation of close to $13 billion. Walmart will continue to be the largest shareholder of PhonePe and Flipkart, according to a joint statement by the companies.
Walmart, Netflix partner to expand Hub experience to more viewers
Retail giant Walmart has announced a partnership with Netflix to bring the Hub, which claims to bring viewers closer to their shows and movies.
Walmart reportedly raising up to $3 bn for Flipkart to expand India biz
Retail giant Walmart is reportedly raising up to $3 billion for its e-commerce giant Flipkart to further expand its operatio...
Vaamanaa Sethi
Walmart helps Indian exporters to grow their marketplace in US and Canada
Retail giant Walmart is helping Indian companies to strengthen its marketplace in the U.S. and Canada.After attracting Indian sellers to the US marketplace, the retail giant is now inviting the sellers to join its Canada marketplace.Indian companies like Welspun India, Rage Coffee, Mensa Brands — leveraging the Walmart Marketplace, coming on board the platform to grow in overseas markets.
Business Insider
Retailers are building their own ad businesses to compete with Amazon. Here's the latest news on Walmart, Instacart, and more.
Walmart, Target, Instacart, and others are building advertising businesses to boost their margins and capitalize on the online shopping boom.
Walmart lays off 200 corporate employees amid rising inflation
Retail giant Walmart has laid off at least 200 corporate employees as the economic downturn takes its toll on companies worldwide.
Theron Mohamed
Walmart just issued a major profit warning. 'Big Short' investor Michael Burry predicted the mega-retailer's problems
Burry said inflation would hit consumer demand, and retailers would cut prices to shift inventory, eroding company earnings. Walmart saw exactly that.
Grace Dean
Walmart is cutting prices of clothes and general merchandise to appeal to inflation-hit shoppers
Expect more markdowns on Walmart apparel in the coming months as the retailer tries to unload a huge buildup of inventory.
Jason Lalljee,Madison Hoff
Walmart just confirmed it's doubling down on a summer of sales, as prices for everything from department-store goods to high-end watches get deeply discounted as inventory stacks up
Big discounts are coming to Walmart to clear inventory amid inflation and supply chain pileups. Other big box retailers and luxury shops are joining.
Samantha Delouya
Walmart says the high cost of food and gas is hindering the ability of its customers to buy anything else, which will hurt its bottom line
Walmart said the increased cost of food and fuel is affecting customers' ability to spend on other goods Walmart offers, like clothing.
Julia Hood
Sustainable business is a journey, not a destination. Here are 8 takeaways from Insider's 'Financing a Sustainable Future' series that can help companies move forward
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Kazi Awal/Insider.
- Insider's "Financing a Sustainable Future" series included stor
Ben Tobin
Photos from Walmart employees show pallets of overstocked items crowding aisles and blocking access to a breastfeeding room as back rooms overflow
Walmart employees tell Insider about "overwhelming" and "ridiculous" working conditions as they sort through unending boxes of overstock.
Lisa Tanner
I'm a mom of 10 who's shopped at Walmart for 20 years. Here are 16 groceries I always buy there.
I shop at Walmart for my 10 kids.Lisa Tanner.
- As a mom of 10, Walmart is my go-to spot for frozen vegetables, snacks, and house
Jordan Hart
Walmart hit with lawsuit, accused of firing a Florida mom who claims managers harassed her and denied lactation accommodations
A former Walmart employee is suing the company for failing to meet her needs as a new mother and eventually terminating her.
Áine Cain
Check out Walmart's new fleet of electric delivery vans
The Canoo vehicles are specially "engineered for high frequency stop-and-go deliveries" and "speedy vehicle to door drop-off."
Jennifer Sor
Canoo surges 107% after the EV maker inks deal to sell up to 10,000 delivery vehicles to Walmart
The deal could be a course correction for the electric vehicle maker, which reported a steep loss in 2021.
Ryan Hogg
Woman sues Walmart after saying an employee 'violently' knocked her over with several shopping carts
Beverly Robinson says she was "violently" knocked down by an employee pushing the carts, causing extensive injuries and putting her out of work.
Jason Lalljee,Ben Winck
3 ways the US could avoid sinking into a recession as inflation slows, according to one of the first economists to call the 2008 housing crash
Shrinking gas, retail, and rent prices could mean that we are back on a path of healthy growth, says Dean Baker.
Mary Meisenzahl
I compared food courts at Sam's Club and Costco, and this is why Costco comes out on top
Mary Meisenzahl/Insider.
- Sam's Club and Costco both have food courts where they sell hot dog and soda combinations for just $1.
Zac Wang
A 61-year-old retiree says she bought $100 coats for $2.75 apiece as bargain stores are flooded with overstock from big retailers, report says
Retailers like Walmart and Target are flogging stock to discount chains before it even hits shelves, as pandemic backlogs flood warehouses.
Mary Meisenzahl
Costco and Sam's Club both sell $1.50 hot dogs, but here's why I'd pick Costco every time
Irene Jiang / Business Insider.
- Sam's Club and Costco both sell hot dog and soda combinations for just $1.50
- Sam's Club had bett
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