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July 28, 2021, 9:08 a.m. EDT

Walmart partners with Adobe to offer other businesses its technology

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By Tonya Garcia

Walmart Inc. /zigman2/quotes/207374728/composite WMT +1.51% said early Wednesday that it has partnered with Adobe Inc. /zigman2/quotes/200389143/composite ADBE -8.24% to bring its technology to other businesses. Walmart has built new capabilities to serve its customers, and its integrating its marketplace, online and in-store fulfillment with Adobe Commerce, which will allow other retailers to use Walmart's cloud-based services for pickup, delivery and other services. "Commercializing our technologies and capabilities helps us sustainably reinvest back into our customer value proposition," said John Furner, chief executive officer of Walmart U.S., in a statement. Companies like Coca-Cola Inc. /zigman2/quotes/209159848/composite KO +0.89% and Verizon Communications Inc. /zigman2/quotes/204980236/composite VZ +1.36% also use Adobe technologies. Walmart stock has fallen 1.1% for the year to date. Adobe shares have rallied 23.6%. And the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.17% is up 14.6% for the period.

/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 137.51
+2.04 +1.51%
Volume: 14.71M
Dec. 3, 2021 4:00p
P/E Ratio
48.15
Dividend Yield
1.60%
Market Cap
$381.44 billion
Rev. per Employee
$243,109
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/zigman2/quotes/200389143/composite
US : U.S.: Nasdaq
$ 616.53
-55.35 -8.24%
Volume: 6.74M
Dec. 3, 2021 4:00p
P/E Ratio
50.95
Dividend Yield
N/A
Market Cap
$293.34 billion
Rev. per Employee
$571,371
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/zigman2/quotes/209159848/composite
US : U.S.: NYSE
$ 53.54
+0.47 +0.89%
Volume: 21.06M
Dec. 3, 2021 4:00p
P/E Ratio
26.34
Dividend Yield
3.14%
Market Cap
$231.29 billion
Rev. per Employee
$411,320
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/zigman2/quotes/204980236/composite
US : U.S.: NYSE
$ 51.42
+0.69 +1.36%
Volume: 24.71M
Dec. 3, 2021 4:00p
P/E Ratio
9.67
Dividend Yield
4.98%
Market Cap
$212.89 billion
Rev. per Employee
$970,439
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,580.08
-59.71 -0.17%
Volume: 444.85M
Dec. 3, 2021 5:35p
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