The president has been a vocal advocate of requiring retailers to collect sales tax in every state.
The retailer says it will focus on its profitable jewelry and jeans businesses.
The retailer's new underwear ads emphasize comfort and feature women of many shapes and sizes — without any retouching.
The settlement comes less than three years after the retailer paid $2.8 million to settle similar claims of hiring discrimination.
This is the third time since Thursday that the president has lashed out against the retail giant on Twitter.
A troubling precedent for Walmart: Paying $1.3 million to a city for abandoning plans to open stores
The retailer, which has three stores in the District, abruptly canceled plans to open two stores in underserved neighborhoods.
"Unlike others, [Amazon pays] little or no taxes to state & local governments,” the president tweeted Thursday. (Amazon does collect taxes in states that charge a sales tax.)
The retailer says it has $4 billion worth of unsold merchandise.
The executive behind Little Tikes and Bratz is looking to raise $800 million in a crowdfunding campaign.
“Not saving enough is a long-held American tradition, right up there with baseball and apple pie,” one financial adviser says.