Walmart Files Lawsuit Against Credit-Card Issuer Synchrony Financial

Walmart Inc. filed a lawsuit Thursday against its longtime credit-card issuer, Synchrony Financial, alleging the lender breached terms of its contract with the retail giant. The lawsuit, filed in the U.S. District Court of the Western District of Arkansas, alleges that some of Synchrony’s underwriting standards financially harmed Walmart. The merchant said it is seeking…

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Walmart will have 30% more toys in stores this holiday season, in a bid to win sales Toys R Us left behind

It’s a land grab for Toys R Us market share. Walmart said Thursday it is expanding its assortment of toys by 30 percent at all brick-and-mortar locations this holiday season, and it will offer 40 percent more toys on Walmart.com. At some locations, the physical space dedicated to toys also will be larger, Walmart said…

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Walmart closes on Flipkart investment

Walmart (NYSE:WMT) completes its investment to become the largest shareholder in Flipkart with a 77% stake. Walmart’s investment includes $2B of new equity funding to help accelerate the growth of the Flipkart business. Both companies will retain their unique brands and operating structures in India The company says the Flipkart investment transforms its position in…

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