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  • Axios NW Arkansas

    Walmart news worthy of your time

    By Worth Sparkman,

    18 days ago

    It's already been a busy news week for Bentonville's largest employer. Catch up on top headlines: Walmart will close its 51 health centers in five states because the "challenging reimbursement environment and escalating operating cost" make the business segment unprofitable, it said Tuesday. ( AP )


    No specific dates were announced.

    • All displaced employees are eligible to transfer to a Walmart or Sam's Club location, the company said.

    The Federal Trade Commission is requesting more information from Walmart and Vizio on their proposed $2.3 billion deal, Vizio said. ( Axios Pro: Retail Deals )

    • Walmart in February announced it would acquire Vizio in a bid to boost its retail media network.
    • The move could indicate the FTC is preparing to block the deal.

    🛍️ Bettergoods will be Walmart's new private label food brand meant to appeal to higher-income shoppers. More than 300 items will be added to stores this year — many for $5 or less. ( Wall Street Journal )

    • Items like plant-based shredded mozzarella cheese, pistachio butter, organic chocolate milk and Greek yogurt will fall under the new brand flag.
    • The company's 4,000 or so generic Great Value-branded items will remain on shelves.

    💵 The world's largest retailer added One to its buy-now-pay-later credit options for customers at some of its U.S. stores . ( Northwest Arkansas Democrat-Gazette )

    • Walmart holds a majority stake in the financial-tech firm.
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