All Walmart articles – Page 24
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News
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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News
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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News
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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News
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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News
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.
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NewsAsda reshuffles general merchandise team
Asda has reshuffled its general merchandise team under new chief merchandising officer Andrew Moore.
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News
Walmart to team up with small and mid-level Indian suppliers
Walmart plans to team up with small and mid-level suppliers in India on sourcing various product categories.The partnership arrangement will enable the retailer to create private labels that will be priced as much as 10% to 15% lower than established brands. Private labels are already being sold in its BestPrice ...
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News
Massmart must invest in supplier development fund
Walmart-controlled Massmart must invest up to R200m (£14.4m) in a supplier development fund over the next five years, South Africa’s Competition Appeal Court has ruled.The sum does not include the R40m (£2.9m) which Massmart has previously committed but not yet disbursed to its supply development fund.
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News
Walmart discloses capital plan for 2014
Walmart has disclosed that its capital plan for fiscal 2014 (calendar year 2013) will range from $12bn (£7.5bn) to $13bn (£8.1bn), slightly lower than the $12.6bn (£7.8bn) to $13.5bn (£8.4bn) expected to have been invested in the current fiscal year.The capital expenditure budget includes new store growth and supply chain ...
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AnalysisAnalysis: The rise of the supermarkets
Food retail has been transformed in the last 20 years. Rebecca Thomson looks at how the sector has changed and its prospects.
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News
Walmart launches health food programme
Walmart has launched a health food programme with HumanaVitality, a subsidiary of the Humana healthcare company.The Vitality HealthyFood scheme offers members an incentive to purchase healthier foods by offering a 5% discount on items awarded Walmart’s ‘Great For You’ symbol.The scheme is due to begin on October 15.Shoppers can join ...
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NewsWalmart boss Cheeseright: 'Low price is our best loyalty scheme'
Asda’s everyday low prices stance means it does not need to launch a loyalty card, according to Walmart boss David Cheesewright.
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NewsIndian foreign investment law relaxation opens the door for Tesco
A relaxation of the laws on foreign direct investment (FDI) in India has opened the door for Tesco to trade under its own brand in the country for the first time.
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OpinionComment: Retail lessons from Home Depot's failure in China
US retailer Home Depot has decided to pull out of China, shutting all its stores.
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OpinionComment: Walmart is quietly becoming quite the mobile hipster
Despite a staggering $444 billion in annual revenue, Walmart has generally been sluggish and conservative, allowing tech innovations to be toyed with by rivals such as Amazon.
