All WalMart articles – Page 26
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AnalysisWalmart prospers in US but stuggles with digital
Recording its third consecutive quarter of positive comps growth, it appears Walmart has finally found momentum in the US by going back to basics Walmart US reported a 2.6% rise in first-quarter like-for-like sales, excluding fuel, last week.
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News
Bharti Walmart to open Best Price Modern Wholesale store
Walmart’s joint venture Bharti Walmart is to enter Gujarat with a 50,000 sq ft Best Price Modern Wholesale store, to open later this year.The retailer said: “We plan to open 12 to 15 Best Price Modern Wholesale stores in 2012, mainly in south and west India.” It also plans a ...
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NewsAsda reports 'gloomy' shopper sentiment
An Asda poll of its customers has revealed a “gloomy” picture with shoppers feeling pessimistic about budgets and spending.
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NewsAsda records 2.2% like-for-like sales rise
Asda has recorded a 2.2% uplift in like-for-like sales in the 12 weeks to March 31.
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News
Massmart appoints Guy Hayward as chief operating officer
Walmart-controlled Massmart has appointed Guy Hayward, chief financial officer since 2001, as chief operating officer. He reports to chief executive Grant Pattison. Group finance executive Ilan Zwarenstein succeeds Hayward as chief financial officer. Zwarenstein has also been appointed to the board and the Massmart executive committee.The retailer said Pattison would ...
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AnalysisQuotes of the day from the Retail Week Supply Chain Summit
Supply chain leaders on the big issues they face.
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AnalysisWalmart launches ‘pay with cash’ online option
Walmart is to launch a ‘pay with cash’ option for online shoppers.
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OpinionNick Bubb's verdict: The outlook for Argos
It is an uncomfortable truth that the catalogue showroom store format has died a painful death everywhere else in the world, except in the UK.
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News
Walmart Canada launches premium private-label
Walmart Canada has launched a new premium private-label range called Our Finest.The line of 50 new products are all priced at CAD10 (£6.23) or less and include essential barbecue ingredients such as premium burgers and frankfurters, side salads, ice cream desserts and essentials such as ketchup, barbecue sauces and buns.Asda’s ...
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News
Walmart accused of cover up
Walmart has been accused of covering up allegations that its managers in Mexico used widespread bribery to secure its presence in the country and expand market share. Walmart vice-president of corporate communications David Tovar admitted that the retail giant was investigating the allegations but said: “We don’t have a full ...
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News
Walmart’s global ecommerce division to double hiring target in India
Walmart’s global ecommerce division is doubling its hiring target in India to 200 employees to revamp the retailer’s ecommerce platform. Over the last five months, @WalmartLabs – which operates under Walmart’s global ecommerce unit – has been building Indian operations with a focus on social and digital technology. Jeremy King, ...
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News
Walmart to focus on expanding existing operations
Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities.Walmart highlighted it has no plans at present to enter Russia but said it would ...
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News
Bharti Walmart to establish online operations in India
Bharti Walmart is likely to set up an online operation in the country with the grocer reportedly looking to partner with domestic ecommerce companies. Online retailing is gaining ground in India with several companies such as Amazon’s Jungle.com coming to the market, an indirect entry owing to the current restrictions ...
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News
Walmart’s Japanese operation resumes new store openings
Walmart’s Japanese operation Seiyu is resuming new store openings for the first time in over four years. Four openings are scheduled for this year – in Tsukuba on March 28, Kawasaki in late April, Saitama in the summer and Fuchu in December. The retailer is looking for other properties, potentially ...
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AnalysisAuchan pins hopes on China for future growth
French retailer Auchan hopes its Chinese operations will drive growth because sales in Western Europe are expected to remain flat.
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News
Walmart to consider China expansion
Walmart may consider acquiring local retailers in China as it expands into new regions. Walmart International chief financial officer Cathy Smith said: “There are whole provinces in China that we haven’t even begun to think about.”However, she added that acquisitions are generally Walmart’s least-preferred way of growing because they are ...
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NewsGeorge at Asda acquires Turkish clothes sourcing arm
George at Asda has acquired the sourcing division of Turkish clothing supplier GAAT.
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AnalysisA safe passage to India
India is one of retail’s most attractive developing markets, but it’s also one of the most difficult to enter. Liz Morrell reports on how the doors are beginning to open.
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AnalysisWalmart US recovers with ‘back to basics’ strategy
Walmart’s results showed that although the US business is finally getting back on track, it must not take its eye off the core domestic division.
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NewsAsda poaches John Lewis Partnership director for CFO role
Asda has appointed John Lewis Partnership director of shared services Richard Mayfield as its new chief financial officer.