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Walmart to invest US$350M into Cullman, Alabama, distribution center as part of broader renovation of company's 42 regional distribution centers; investment will leverage robotics, AI to nearly double the number of products it can ship to stores

Major retailers including Walmart, Foot Locker face challenging back-to-school shopping season amid uncertain demand for discretionary items, including clothing and sneakers, when cost of necessities, such as pencils and notebooks, strains many households

Walmart says it still expects to double the amount of gross merchandise volume it sells in foreign markets to US$200B in five years; company expects growth to come from implementing its omnichannel strategy globally, scaling existing and new marketplaces

Retail giants are reportedly addressing oversized packaging and creating tailor-made boxes for online orders by adopting innovative technology in ecommerce operations; Walmart uses technology from Packsize International, Amazon uses technology from CMC

Walmart showcases technological innovations at its Store 100 market fulfillment center in Arkansas during shareholder week, including robotics-powered fulfillment solutions, drones, AI chatbots

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