All Walmart articles – Page 29
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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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News
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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News
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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News
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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News
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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News
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 ...
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News
Walmart considers entering Nepal
Walmart is considering entering Nepal through a partnership with a Nepali department store operator. Walmart India executive RP Singh expressed interest in expanding into Nepal at a meeting with officials. She also discussed the legal issues of expanding into the country. “On behalf of Walmart, Singh showed keen interest to ...
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News
Walmart to launch new store format
Walmart is to launch a new store format called Urban 90 in east Toronto in January 2012. Walmart Canada’s president and chief executive David Cheesewright said the initial urban store would be on a 4.5 acre site, roughly half the size of a typical Walmart site. Walmart also announced it ...
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News
Massmart to focus on integration with Walmart
Massmart has said that it is focused on integration with Walmart now that the deal has been approved, particularly in terms of governance, procurement processes and sharing best practice. Massmart chief executive Grant Pattison said the company is first and foremost putting in place measures to implement the conditions the ...
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News
Walmart to partner with "kirana"
Walmart has indicated its willingness to partner with ‘kirana’ or traditional mom and pop stores in India
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News
US Supreme Court throws out major suit
The US Supreme Court has thrown out a major employment discrimination class-action suit against Walmart that sought billions of dollars on behalf of about 1.5 million female workers. It signalled it wanted job bias disputes handled in the workplace and not the courts. The court did not decide whether Walmart ...
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AnalysisExpress format could be challenging for Walmart
The world’s largest retailer embarked on its small-store strategy in the US last week by opening its first Walmart Express in Gentry, Arkansas.
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AnalysisWalmart China takes a hit as two top executives quit
Walmart has said that two senior executives at its Chinese operation, chief financial officer Roland Lawrence and chief operating officer Rob Cissell - formerly of B&Q and Robert Dyas - have resigned.
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NewsWalmart gets green light for Massmart buy
Walmart has been given the green light for its proposed $2.4bn merger with South African retailer Massmart, subject to certain conditions.
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NewsGeorge at Asda turns 21 and sparks new plans
George at Asda managing director Andrew Moore has set out three key planks for growth as the brand celebrates its 21st birthday this week.
