All Walmart articles
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ArticleNational Vision posts good Q4, transitions out of Walmart partnership
National Vision, the third largest optical retail player in the U.S., has reported Q4 revenue of $500.4 million, up by 8.0 percent year-on-year. The company said that the quarterly growth was primarily driven by a 6.0 percent increase in comparable store sales that reflected both an increase in customer transactions ...
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News briefsWalmart introduces virtual try-ons
This month Walmart is inaugurating what it calls Optical Virtual Try-On (VTO), making the system available on both its app and its website. There will be a “Try them on” flag on or near the main image on the product page for any of about 750 items. Once they’ve clicked ...
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ArticleKarün Eyewear to get a Walmart boost
Karün Eyewear, the Chile-based brand of eyewear made from recycled and traceable materials, has signed a nationwide, but non-exclusive, partnership with Walmart for the distribution of its frames in the U.S. retail giant’s Walmart Vision Centers. ”We chose to work with Walmart as our U.S. national retailer to expand access ...
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ArticleNational Vision moves to offset Walmart divorce impact, on track to meet FY guidance
National Vision announced steps to offset the impact on profits of the previously announced end of its partnership with retailing giant Walmart next year, as it released third-quarter results showing it remains on track to meet full-year guidance despite a macroeconomic environment described as “challenging”. Starting in 2024, the company ...
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ArticleNational Vision raises 2023 earnings guidance as prepares for end of Walmart partnership
National Vision raised its earnings guidance for the full year while maintaining its outlook for sales, as the optical retailer’s management provided financial analysts with initial indications of how it intends to ride out the previously announced end next year of its long-standing partnership with the retailer Walmart. For the ...
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ArticleNational Vision reels as Walmart prepares to end partnership
National Vision shares took a hit in trade on the Nasdaq stock exchange July 27, tumbling 22 percent on the day after the surprise announcement that U.S. retailing giant Walmart has decided to end its long-standing partnership with the optical retailer next year. Walmart’s decision not to renew the partnership ...
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News briefsWalmart ups pay and benefits for optical, pharmacy staff
Walmart is raising wages and funding certifications for thousands of its pharmacists and opticians. Some 3,700 pharmacists have seen their pay rise to “more than $140,000” per year, exclusive of bonuses and incentives. Pay raises are still to come for about 4,000 opticians, who will be earning an hourly wage ...
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News briefsWalmart celebrates Elton John's farewell tour with limited edition sunglasses
Walmart is marking Elton John’s retirement – and end of his “Farewell Yellow Brick Road Tour” in Los Angeles – with a limited-edition pair of sunglasses within its Elton John Eyewear collection, according to VMail. We reported on the collection’s debut – at Walmart and its subsidiary, Sam’s Club – ...
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ArticleWalmart enters partnership with Waldo
Walmart has established a partnership with Waldo, a company in London that delivers contact lenses by subscription. The deal with Walmart concerns in particular Waldo’s Hydra Boost Daily lenses, which deliver vitamins such as B12 to the eye of the wearer. On July 26 Walmart began selling a pack of ...
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News briefs
The U.S. optical retail market consolidated further in 2021
The top 10 optical retailers significantly increased their share of the U.S. market to roughly 40 percent or $15.2 billion in value, in parts through acquisitions according to the annual report by Vision Monday. The top 3 positions in the ranking are held by Vision Source ($2.7 bn in total ...
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News briefs
Walmart to acquire Memomi Labs
Memomi Labs, a specialist in virtual try-ons through artificial intelligence, deep learning and augmented reality, has entered into a deal for its acquisition by Walmart, which seeks to “deliver integrated, omnichannel healthcare.” According to the huge American retailer, the acquisition should close in the coming weeks. Employees of Memomi will ...
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News briefs
Walmart and Sam’s Club Elton John collection
Walmart and a subsidiary, the warehouse-store chain Sam’s Club, are launching a line of eyewear designed in collaboration with the singer-songwriter Elton John. The model names – Rocketman, A-List and Prodigy, for example – also come from John and reflect his life and career. Walmart Inc. will be donating at ...
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News briefsWalmart sells Asda to a group of investors
The American retailer Walmart has agreed to sell a majority stake in Asda , its British chain of supermarkets, to a group of investors comprising the brothers Mohsin and Zuber Issa and TDR Capital . The deal values Asda £6.8 billion (€7.5bn-$8.8bn). Walmart will keep a minority ...
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ArticleU.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart
The U.S. Department of Commerce said that it has delayed until Sept. 27 the prohibition of the Chinese mobile application TikTok . The department had previously announced that the ban would start today. The decision comes after U.S. President Donald Trump said he had given his “blessing” to ...
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News briefsWalmart launches Walmart+ membership program
Walmart is launching the membership program Walmart+ , its much anticipated response to Amazon Prime . Membership will be available to all U.S. customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. Members will receive unlimited ...
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News briefs
National Vision extends partnership with Walmart to 2024
National Vision has extended its management and services agreement (MSA) with Walmart by three years to Feb. 23, 2024. National Vision has had a 30-year optical partnership with the American retailer and currently operates 231 Vision Centers inside selected Walmart locations. As part of the agreement, the ...
