All WalMart articles – Page 23
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News
Walmart Latin America makes new appointment
Walmart has appointed Enrique Ostalé, president and chief executive of Walmart Chile, as executive vice-president, president and chief executive of Walmart Latin America.Based in Mexico City, Ostalé will assume his new role on March 1.
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Sales increase at Walmart-controlled Massmart
Walmart-controlled Massmart’s preliminary sales increased 14.6% to R36.1bn (£2.57bn) in the first half to December 23, 2012. Like-for-like sales increased 7.3%.
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NewsNRF: Walmart boss Bill Simon says retailers need to lead economic renewal
Retailers need to play a central role in leading an economic renewal, Walmart chief executive Bill Simon said at the NRF conference in New York today.
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Walmart promotes Lev Khasis to chief executive role
Walmart has promoted senior vice-president and chief leverage officer for Walmart International, Lev Khasis, to the position of president and chief executive of new formats for Walmart International.Khasis is a former chairman of the board of Russian grocer Perekrestok and former chief executive of Russia supermarket X5. He joined Walmart ...
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Walmart reportedly in talks with Migros Ticaret
Walmart is reportedly interested in entering Turkey through a majority stake in leading retailer Migros Ticaret.Walmart has not submitted a formal bid, but has reportedly held meetings with the private equity-backed retailer in recent days. A deal would value the business at more than $4bn (£2.47bn), including debt.Migros Ticaret has ...
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Walmart India spends $25m (£15.5m) on lobbying activities
Walmart in India has spent $25m (£15.5m) since 2008 on lobbying activities to facilitate its entry into the country, the BBC has reported. The revelation sparked angry exchanges in India’s parliament.The opposition Bharatiya Janata Party called for an investigation into Walmart’s lobbying.
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AnalysisAnalysis: Why have UK retailers struggled to crack America?
As Tesco looks set to exit the US, Retail Week takes a look at why British retailers have found it a tough market to crack.
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Walmart announces plans to enter cash and carry market
Walmart has announced plans to enter the cash and carry business with the launch of membership fascia Central Mayorista.The first store, boasting a sales area of 37,700 sq ft, is scheduled to open in Puente Alto, Santiago, in the first quarter of next year.Central Mayorista will be aimed at retailers, ...
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Walmart reports successful Black Friday promotion
The retailer revealed it sold 1.8 million towels, 1.3 million TVs, 1.3 million dolls and 250,000 bicycles.Walmart ran three Sales events at 8pm and 10pm on Thanksgiving evening and from 5am on Black Friday itself.
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Walmart takes action over corruption probe
Walmart has suspended several associates of its joint venture company Bharti Walmart as part of an ongoing corruption probe.Walmart has not disclosed the nature of its inquiry or the specific allegations it is looking into.
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Walmart reports third quarter sales rise
Sales at Walmart in the third quarter ended October 31 rose 3.4% to $113.2bn (£71.15bn). Net income increased 4% to $6.1bn (£3.83bn).Walmart Stores president and chief executive Mike Duke said: “Price will continue to be a major factor for US customers over the holidays. Across all of our markets, we ...
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AnalysisInternational analysis: Retailers can ill afford a scandal on a global scale
Growing anti-corporate sentiment has focused on the retail sector in recent weeks, as evidenced by the palpable anger with which Amazon director of public policy Andrew Cecil was quizzed by the UK Public Accounts Committee on the issue of tax avoidance.
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AnalysisAnalysis: Walmart's US business is back on track
Walmart has reported its fifth consecutive quarter of positive comparable store sales growth, a sign that its US business is well and truly back on track. How has the world’s biggest retailer achieved this?
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NewsAsda reports Q3 like-for-likes up 0.3%
Asda has reported like-for-like sales up 0.3% in its third quarter for the 13 weeks to September 29.
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Walmart launches temporary virtual wall
Walmart, in partnership with toy manufacturer Mattel, has launched a temporary virtual wall to enable shoppers to buy toys by scanning QR codes with their smartphones.The wall will operate for four weeks along Toronto’s underground commuter walkway and features two screens of 3D toy images.Walmart Canada toy merchandising director Cheri ...
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OpinionComment: Retail remains an ever-changing sector
It doesn’t seem that long ago that management consultants and business schools were kept busy churning out reports with titles such as ‘How to compete against Walmart’.
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Walmart to install 10,000 additional SelfServ checkouts
Walmart is to install 10,000 additional SelfServ checkouts from specialist NCR to more than 1,200 US stores next year.The initiative is designed to improve the customer experience and offer shoppers more choice about how they check out. The retailer has been deploying NCR’s self-checkout solutions for more than 10 years.“Our ...
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Walmart plans to open 100 more stores in China
Walmart plans to open 100 more stores in China, creating 18,000 jobs, in the next three years.The retailer said the new stores will primarily be Walmart Supercenters and Sam’s Clubs. Walmart also intends to focus on improving the performance of stores and supply chain efficiency.
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NewsAsda comes under scrutiny for tax avoidance
Asda is the latest retailer to come under scrutiny over tax avoidance after it was revealed that payments it has made to US parent Walmart has cut its UK tax bill by £250m.
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Walmart de México reports total revenue increase
Walmart de México has reported total revenues up 11.3% to pesos99.8bn (£4.49bn) in the third quarter. Net income increased 11.1% to pesos5.3bn (£237m) over the period. EBITDA rose 14.7% to pesos9.4bn (£420m).At present Walmart de México operates 2,868 outlets. There have been 151 store openings to date this year.