How the CEO of Walmart’s largest retailer transformed the retailer’s image.
Read moreRead moreThe acquisition by Walmart of Macy’s, which includes the country’s largest department store chain, is the latest in a string of deals Walmart has made in recent years.
It includes acquisitions of Walgreens and Kmart, among others, and is expected to result in a combined total value of about $7.5 trillion.
The move to Macy’s also comes after Walmart said it is adding over 400,000 retail jobs in the U.S. and plans to add an additional 2,000 more over the next two years.
Walmart is the third-largest private employer in the country, according to the Bureau of Labor Statistics, and the company has said it aims to add 2 million new jobs in 2018 and more than 4 million in 2019.
The acquisition of Macy is a good news story for Walmart, which has struggled with stagnant sales and growing competition.
While the company is struggling to maintain its current sales momentum, it is still the top-grossing retailer in the world.
It also has some of the lowest cost per-share earnings in the sector.
The deal will give Walmart access to Macy brand products and a suite of digital marketing and digital marketing services.
It is also expected to boost Macy’s e-commerce presence in the marketplace and give the retailer more direct access to its shoppers.
Walmart already has its own online store for men, and it has recently launched a line of apparel and accessories.
It has also launched its own beauty products line.
Macy’s is a division of the department store giant, which operates more than 2,500 stores in the United States and the United Kingdom.