All Walmart articles – Page 23
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News
Walmart to develop global ecommerce platform
Walmart is developing a global ecommerce platform called Pangea. Speaking to investors at the Bank of America Merrill Lynch Consumer & Retail Conference, Walmart chief financial officer Charles Holley said: “We want to have a common global platform that can flex to the market.”The US retail giant also aims to ...
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Bharti Walmart puts Indian expansion on hold
Walmart’s joint venture in India, Bharti Walmart, has put its expansion plans on hold as a result of an anti-bribery probe into the grocer’s investments and operations in the country.A Bharti Walmart spokeswoman said: “There had been some delays in store openings as the company developed and implemented enhanced procedures ...
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Walmart launches online product range
Walmart has launched an online range of products from small and medium-sized enterprises owned by women on its website, to support economic empowerment.More than 200 items, from jewellery and iPad cases to coffee beans and clothing, will be sold on the Empowering Women Together section of Walmart.com.The range comes from ...
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Walmart records solid trading for fourth quarter
Walmart recorded solid trading in its fourth quarter. In the 13 weeks to January 25 group net sales increased by 3.9% to $127.1bn (£84.13bn). Group income from continuing operations rose 7.9% to $5.6bn (£3.71bn).Much of the growth was driven by overseas operations. Walmart International reported a 6.9% increase in fourth-quarter ...
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Walmart to continue expansion drive in Mexico and Central America
Walmart plans to continue its expansion drive in Mexico and Central America this year.The retailer will invest between MXN17.3bn (£902.4m) and MXN17.9bn (£933.7m) in the region this year to expand and modernise. That would be at least MXN2.5bn (£130.4m) higher than investments made in 2012.
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Walmart has 'worst sales start to a month in seven years'
Walmart has reportedly had the worst sales start to a month in seven years, according to a leaked internal email obtained by Bloomberg.The email, from the company’s vice-president of finance and logistics Jerry Murray, reported that month-to-date sales were “a total disaster”.Possible reasons for the poor performance from the retailer ...
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NewsAsda profits increase despite flat Christmas like-for-likes
Asda’s gross profit increased over the fourth quarter despite like-for-likes remaining flat over Christmas, and the grocer has launched an online offensive on international markets by its fashion brand George.
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Walmart begins testing self-scanning technology
Walmart has begun testing self-scanning using shoppers’ smartphones at 40 stores in Denver, Colorado.Customers can download the Scan & Go app to their phones, and then scan products in-store. Once their shop is complete, they select ‘done shopping’ on the app. A QR code is created and shoppers are prompted ...
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OpinionComment: India remains challenging despite relaxation of rules
This week’s Retail Leadership Summit in India showed the playing field remains as level as it ever was between multinationals and Indian retailers, but that the turnstile is open.
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Walmart reveals plans to boost US sourcing
Walmart has revealed plans to boost the sourcing of US products by $50bn (£31.5bn) over the next decade.The retailer will buy more US products in categories such as sporting goods, clothing basics, games and paper products, and aims to encourage US production in high-potential areas such as textiles, furniture and ...
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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.
