T = Trends for a Stock’s Movement
Wal-Mart operates retail stores in various formats around the world. The company aims to price items at the lowest price every day. Wal-Mart operates in three business segments: the Walmart U.S. segment, the Walmart international segment, and the Sam’s Club segment. It manages retail stores, restaurants, discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, apparel stores, Sam’s Clubs, neighborhood markets, and other small formats, as well as Walmart.com and SamsClub.com. Through its retail channels, Wal-Mart is able to provide a variety of products and services at affordable prices to consumers and companies worldwide.
The research & development and innovation end of Wal-Mart, @WalmartLabs, has acquired the ecommerce startup Adchemy. The company announced the acquisition in a post published on Monday. The report details the technology branch’s growth. In the past year, it had hired about 1,000 people. Senior Vice President and Chief Technology Officer Jeremy King authored the post. He praised Adchemy for its work before the acquisition. “Adchemy is a product search company and a leader in e-commerce technology. The company was founded in 2004 in Foster City, California, and over the years has built an impressive team that will help Walmart transform the shopping experience for millions of shoppers each week. This latest acquisition continues our quest to build best-in-class e-commerce capabilities in-house,” wrote King in the post. King specifically mentioned three employees who would join the @WalmartLabs team; Adchemy’s Vice President of Engineering Rohit Deep, Vice President of Products Ethan Batraski, and Head of Research Esteban Arcaute. Deep is formerly of WebEx. Batraski and Arcaute previously worked at Yahoo (NASDAQ:YHOO).