Walmart and Capital One have reportedly settled a lawsuit centering on their former credit card partnership. The case was dismissed Thursday (June 20) by a judge after the companies resolved their claims and counterclaims, Reuters reported Friday (June 21).
Walmart settled its lawsuit against Capital One over their credit card partnership, which had made Capital One the exclusive issuer of Walmart-branded consumer credit cards before ending last month.
Shares of Walmart have rallied since the release of its solid Q1 earnings report. The latest figures show that the retailer's e-commerce business is driving growth.
24/7 Insights Target Corp. (NYSE: TGT) is the third-largest big-box retailer in America.
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Walmart stock has risen by 49% in value over the last three years. The S&P 500 rose by just 34% over that period.
Paulsen Perspectives compares the share price to the S&P Global Luxury Index to capture the movement when shoppers shift toward Walmart and away from more expensive goods.
After extensive tests in Texas, Walmart has decided to introduce digital shelf labels at 2300 of its stores in the next two years. The labels, developed by Vusion Group will allow the retailer to update prices at the shelf using a mobile app.
The retailing powerhouse is already nearer a $1 trillion market cap than many investors might recognize. Walmart is evolving more mindfully than it has in the past, setting the stage for stronger, more reliable growth.
Zacks.com users have recently been watching Walmart (WMT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Walmart will relaunch its private-label fashion brand No Boundaries in stores and online July 16. Aimed at young adults, the No Boundaries brand has been refreshed by a Generation Z-focused design team, the retailer said in a Thursday (June 13) press release.