All Walmart articles – Page 27
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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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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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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.
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AnalysisWalmart plants flag with Chinese ecommerce site
Walmart has unveiled plans to take a majority share in fast-growing Chinese ecommerce website Yihaodian.com, cementing its commitment both to ecommerce and international investment in the growing Chinese market.
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AnalysisPlan for overseas growth
Suppliers are an invaluable source of customer insight. Sarah Butler considers why retailers could benefit from their expertise – particularly when it comes to international success.
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News
Walmart Canada sets out ambitious expansion schedule
Walmart Canada has set out an ambitious expansion schedule for its 2012 financial year in which it hopes to complete a company record of at least 73 new projects. The various initiatives include building new stores and expanding, remodelling or relocating existing outlets. The retailer currently operates 333 stores, including ...
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NewsAsda creates sustainability network for suppliers
Asda has signed a deal to increase sustainable practices in its supply chain.
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OpinionStyle and value have global appeal
Andrew Moore is executive managing director of George at Asda. Moore joined George in 2008, after spending 25 years at Marks & Spencer where he held several senior buying positions.
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News
Walmart announces key executive changes
Walmart said that Brian Cornell is stepping down as chief executive of Sam’s Club. Cornell cited personal reasons for the decision to leave. From February 1, he will be replaced by Rosalind Brewer who most recently served as president of the Walmart US east business unit. Walmart disclosed several other ...
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NewsAsda Income Tracker: Weekly spending power falls by £12
Asda has said UK families were £12 a week worse off in December 2011 than a year earlier.
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AnalysisEtail has left the future of hypermarkets in doubt
The 1960s were a momentous decade for retail.
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News
Walmart Canada to cut prices on 7,000 items
Walmart Canada is cutting prices on 7,000 items during January. The cuts are on all major categories across grocery and general merchandise and, Walmart says, are expected to translate into customer savings of more than C$25.7m (£16.2m) this month.“With the holiday season over, we know our customers are experiencing budget ...
