All WalMart articles – Page 28
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NewsAsda staff share £17m Christmas package
Staff at Asda are to share a £17m ‘Festive Thank You’ this Christmas.
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Walmart launches apps for iPhone and iPad
Walmart has launched two new apps for the iPhone and iPad in its home market. The grocery and general merchandise retailer says they will enable “millions of customers to enjoy an enhanced, seamless shopping experience across Walmart’s 3,800 US stores and Walmart.com through mobile devices”.The apps are the first to ...
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NewsGrocers focus on own-labels in the battle for margins and share
Supermarkets are setting their sights on own-label products to create differentiation and drive margin improvements as they fight for market share.
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Walmart to shut apparel office in New York
Walmart is to shut its apparel office in New York to reduce costs and concentrate on more basic clothing.The office has about 275 workers in areas including product development and buying. These functions will be transferred to Walmart’s home town of Bentonville, Arkansas by February next year.Walmart US chief executive ...
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Walmart to roll back health care coverage
Walmart is significantly rolling back health care coverage for part-time workers while raising premiums for many full-time employees. All future staff who work less than an average of 24 hours per week will no longer qualify for any of the company’s health insurance plans.Additionally, new workers who average 24 to ...
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AnalysisSouth Africa’s Pick n Pay seeks to follow Tesco’s lead
South Africa’s second-largest grocery retailer Pick n Pay has launched a premium private-label line.
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Builders Warehouse enters Botswana
Builders Warehouse, the DIY chain operated by Walmart-controlled South African retail and wholesale group Massmart, has entered Botswana, marking its first step outside its home market.Llewellyn Walters, chief executive of Massmart’s DIY holding Massbuild, said: “We look forward to bringing customers the best choice at the lowest possible prices, with ...
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News
Walmart de México opens first standalone pharmacy
Walmart de México has opened its first standalone pharmacy in the country, Planet Retail has learned. The opening is part of a trial project and the retailer has not revealed any further details about it. Walmart already operates a number of pharmacies in Mexico, generally located next to larger stores ...
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Walmart announces resignation of key executives
Walmart has announced the resignation of key executives from its online business. Eduardo Castro-Wright, vice-chairman of global sourcing operations, is to retire in July and Wan Ling Martello, vice-president of ecommerce, is to leave the company to take up a new position at Nestlé. The departures come amid a drive ...
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NewsWalmart gives Cheesewright new role overseeing UK
Former Asda chief operating officer David Cheesewright has been appointed to a new senior role at Walmart which includes oversight of the UK business.
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AnalysisGlobal grocers turning to smaller stores for growth
A trend that has become increasingly prevalent among the global grocers has been the focus on smaller footprints.
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Lev Khasis joins Walmart
International grocer Walmart has appointed Lev Khasis as senior vice-president and chief leverage officer.Khasis is the former chief executive of Russia’s largest retailer, X5 Retail Group. He will report directly to Doug McMillon, who heads Walmart’s international division, and will be responsible for integrating new retail acquisitions and combining purchasing ...
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Walmart launches new double-decker store
Walmart has launched a new double-decker store concept in Dallas, Texas, featuring a Walmart store on the top floor and Sam’s Club below. The store has been designed to save Walmart money by maximising the use of the land being used, while offering customers the convenience of a one-stop shop. ...
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Walmart to reorganise its ecommerce business
Walmart is to reorganise its ecommerce business in several key markets. It has disclosed the departure of two senior online executives as part of a strategy to better integrate online retailing with local bricks and mortar operations.Raul Vazquez, who was in charge of ecommerce initiatives in developed markets, including the ...
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News
Walmart hires investment bank to advise on potential takeover
Walmart has hired investment bank UBS to advise on a potential takeover of Carrefour’s Brazilian subsidiaries, according to reports.Both Walmart and Carrefour have remained tight-lipped about the rumoured takeover, but it is understood that Walmart is assembling a team of expert advisers prior to making a bid.Talk of a takeover ...
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Bharti Walmart embarks on first major investment
Bharti Walmart, an equal joint venture between Bharti Enterprises and Walmart, is the first major investment made by the partners together.The partners have issued 120 million new shares from unissued share capital with a face value of INR10 (£130,000) each. Walmart will purchase 60 million shares for INR600m (£8.2m) through ...
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OpinionComment: American shoppers are loyalty card addicts
As an American in the UK, I have grown to accept certain things. Pre-packed sandwiches. The weather. Instant coffee.
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AnalysisWalmart joins US grocers opening in ‘food deserts’
Walmart, Supervalu and Walgreens joined First Lady Michelle Obama to announce plans for the opening of hundreds of stores in neglected areas of the US known as ‘food deserts’.
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Walmart de Mexico reports net profit decrease
Walmart de Mexico has reported net profit of MXN4.5bn (£232m) for its second quarter, down 3.4% on the previous year.Net sales increased 9.1% to MXN87.9bn (£4.53bn). EBITDA for the quarter amounted to MXN7.7bn (£397m).Executive president and chief executive of Walmart de Mexico Scot Rank said the quarter was characterised by ...
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Indian government panel recommends easing restrictions
An Indian government panel is said to have recommended easing restrictions on Foreign Direct Investment in Indian retail, which could allow international companies to own as much as 51% of multichannel retailers if they invest a minimum of $100m (£61.3m). This would allow retailers such as Walmart and Carrefour access ...