All WalMart articles – Page 22
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AnalysisInternational analysis: Walmart steps up to the multichannel plate
The world’s largest retailer, Walmart, has revealed it will be piloting in-store collection lockers in its home market.
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News
Walmart bribery allegations likely to incur losses
Walmart is likely to incur losses relating to bribery allegations in Mexico. The allegations surfaced last year and centred on company representatives reportedly bribing officials in Mexico in support of new store openings. The disclosure was made in Walmart’s recently filed annual report.The matter cost Walmart $157m (£103.5m) in the ...
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AnalysisAnalysis: Can Walmart's idea to crowd source online deliveries work?
As Walmart considers using a crowd-sourcing approach to deliver online orders, Retail Week looks at the practicalities and implications of the move.
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News
Walmart to develop global ecommerce platform
Walmart is developing a global ecommerce platform called Pangea. Speaking to investors at the Bank of America Merrill Lynch Consumer & Retail Conference, Walmart chief financial officer Charles Holley said: “We want to have a common global platform that can flex to the market.”The US retail giant also aims to ...
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News
Bharti Walmart puts Indian expansion on hold
Walmart’s joint venture in India, Bharti Walmart, has put its expansion plans on hold as a result of an anti-bribery probe into the grocer’s investments and operations in the country.A Bharti Walmart spokeswoman said: “There had been some delays in store openings as the company developed and implemented enhanced procedures ...
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News
Walmart launches online product range
Walmart has launched an online range of products from small and medium-sized enterprises owned by women on its website, to support economic empowerment.More than 200 items, from jewellery and iPad cases to coffee beans and clothing, will be sold on the Empowering Women Together section of Walmart.com.The range comes from ...
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News
Walmart records solid trading for fourth quarter
Walmart recorded solid trading in its fourth quarter. In the 13 weeks to January 25 group net sales increased by 3.9% to $127.1bn (£84.13bn). Group income from continuing operations rose 7.9% to $5.6bn (£3.71bn).Much of the growth was driven by overseas operations. Walmart International reported a 6.9% increase in fourth-quarter ...
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News
Walmart to continue expansion drive in Mexico and Central America
Walmart plans to continue its expansion drive in Mexico and Central America this year.The retailer will invest between MXN17.3bn (£902.4m) and MXN17.9bn (£933.7m) in the region this year to expand and modernise. That would be at least MXN2.5bn (£130.4m) higher than investments made in 2012.
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News
Walmart has 'worst sales start to a month in seven years'
Walmart has reportedly had the worst sales start to a month in seven years, according to a leaked internal email obtained by Bloomberg.The email, from the company’s vice-president of finance and logistics Jerry Murray, reported that month-to-date sales were “a total disaster”.Possible reasons for the poor performance from the retailer ...
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NewsAsda profits increase despite flat Christmas like-for-likes
Asda’s gross profit increased over the fourth quarter despite like-for-likes remaining flat over Christmas, and the grocer has launched an online offensive on international markets by its fashion brand George.
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News
Walmart begins testing self-scanning technology
Walmart has begun testing self-scanning using shoppers’ smartphones at 40 stores in Denver, Colorado.Customers can download the Scan & Go app to their phones, and then scan products in-store. Once their shop is complete, they select ‘done shopping’ on the app. A QR code is created and shoppers are prompted ...
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OpinionComment: India remains challenging despite relaxation of rules
This week’s Retail Leadership Summit in India showed the playing field remains as level as it ever was between multinationals and Indian retailers, but that the turnstile is open.
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News
Walmart reveals plans to boost US sourcing
Walmart has revealed plans to boost the sourcing of US products by $50bn (£31.5bn) over the next decade.The retailer will buy more US products in categories such as sporting goods, clothing basics, games and paper products, and aims to encourage US production in high-potential areas such as textiles, furniture and ...
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News
Walmart Latin America makes new appointment
Walmart has appointed Enrique Ostalé, president and chief executive of Walmart Chile, as executive vice-president, president and chief executive of Walmart Latin America.Based in Mexico City, Ostalé will assume his new role on March 1.
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News
Sales increase at Walmart-controlled Massmart
Walmart-controlled Massmart’s preliminary sales increased 14.6% to R36.1bn (£2.57bn) in the first half to December 23, 2012. Like-for-like sales increased 7.3%.
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NewsNRF: Walmart boss Bill Simon says retailers need to lead economic renewal
Retailers need to play a central role in leading an economic renewal, Walmart chief executive Bill Simon said at the NRF conference in New York today.
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News
Walmart promotes Lev Khasis to chief executive role
Walmart has promoted senior vice-president and chief leverage officer for Walmart International, Lev Khasis, to the position of president and chief executive of new formats for Walmart International.Khasis is a former chairman of the board of Russian grocer Perekrestok and former chief executive of Russia supermarket X5. He joined Walmart ...
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News
Walmart reportedly in talks with Migros Ticaret
Walmart is reportedly interested in entering Turkey through a majority stake in leading retailer Migros Ticaret.Walmart has not submitted a formal bid, but has reportedly held meetings with the private equity-backed retailer in recent days. A deal would value the business at more than $4bn (£2.47bn), including debt.Migros Ticaret has ...
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News
Walmart India spends $25m (£15.5m) on lobbying activities
Walmart in India has spent $25m (£15.5m) since 2008 on lobbying activities to facilitate its entry into the country, the BBC has reported. The revelation sparked angry exchanges in India’s parliament.The opposition Bharatiya Janata Party called for an investigation into Walmart’s lobbying.
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AnalysisAnalysis: Why have UK retailers struggled to crack America?
As Tesco looks set to exit the US, Retail Week takes a look at why British retailers have found it a tough market to crack.