All Walmart articles – Page 26
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News
Walmart de México reports total revenue increase
Walmart de México has reported total revenues up 11.3% to pesos99.8bn (£4.49bn) in the third quarter. Net income increased 11.1% to pesos5.3bn (£237m) over the period. EBITDA rose 14.7% to pesos9.4bn (£420m).At present Walmart de México operates 2,868 outlets. There have been 151 store openings to date this year.
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NewsAsda reshuffles general merchandise team
Asda has reshuffled its general merchandise team under new chief merchandising officer Andrew Moore.
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News
Massmart must invest in supplier development fund
Walmart-controlled Massmart must invest up to R200m (£14.4m) in a supplier development fund over the next five years, South Africa’s Competition Appeal Court has ruled.The sum does not include the R40m (£2.9m) which Massmart has previously committed but not yet disbursed to its supply development fund.
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News
Walmart to team up with small and mid-level Indian suppliers
Walmart plans to team up with small and mid-level suppliers in India on sourcing various product categories.The partnership arrangement will enable the retailer to create private labels that will be priced as much as 10% to 15% lower than established brands. Private labels are already being sold in its BestPrice ...
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News
Walmart discloses capital plan for 2014
Walmart has disclosed that its capital plan for fiscal 2014 (calendar year 2013) will range from $12bn (£7.5bn) to $13bn (£8.1bn), slightly lower than the $12.6bn (£7.8bn) to $13.5bn (£8.4bn) expected to have been invested in the current fiscal year.The capital expenditure budget includes new store growth and supply chain ...
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AnalysisAnalysis: The rise of the supermarkets
Food retail has been transformed in the last 20 years. Rebecca Thomson looks at how the sector has changed and its prospects.
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News
Walmart launches health food programme
Walmart has launched a health food programme with HumanaVitality, a subsidiary of the Humana healthcare company.The Vitality HealthyFood scheme offers members an incentive to purchase healthier foods by offering a 5% discount on items awarded Walmart’s ‘Great For You’ symbol.The scheme is due to begin on October 15.Shoppers can join ...
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NewsWalmart boss Cheeseright: 'Low price is our best loyalty scheme'
Asda’s everyday low prices stance means it does not need to launch a loyalty card, according to Walmart boss David Cheesewright.
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NewsIndian foreign investment law relaxation opens the door for Tesco
A relaxation of the laws on foreign direct investment (FDI) in India has opened the door for Tesco to trade under its own brand in the country for the first time.
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OpinionComment: Retail lessons from Home Depot's failure in China
US retailer Home Depot has decided to pull out of China, shutting all its stores.
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OpinionComment: Walmart is quietly becoming quite the mobile hipster
Despite a staggering $444 billion in annual revenue, Walmart has generally been sluggish and conservative, allowing tech innovations to be toyed with by rivals such as Amazon.
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NewsThorntons inks deal to supply Massmart in South Africa
Thorntons has begun supplying products to Massmart, the Walmart-owned South African retailer.
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AnalysisInternational analysis: Auchan signs franchise deal to power growth in India
French grocer Auchan has signed a franchise agreement with Landmark Group (India)-owned Max Hypermarkets to develop hypermarkets in India.
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OpinionComment: A true brand is more than a fascia
Many aspire to be a truly successful brand but very few succeed.
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AnalysisAnalysis: Why have so few retailers entered Brazil?
As the countdown to the Rio Olympics begins, Rebecca Thomson looks at the country’s retail industry and asks why few UK retailers have ventured into one of the world’s largest economies.
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News
Massmart reports group sales growth
Walmart-controlled Massmart reported 15.6% growth in group sales to ZAR61.2bn (£4.61bn) for the year ended June 24.Operating profit increased 21% to ZAR2.1bn (£158m), or 3.7% when costs related to the Walmart transaction were taken into consideration. Sales in foreign markets represented 7.8% of total sales.Sales at Massdiscounters, comprising Game and ...
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AnalysisInternational analysis: Walmart slows expansion in some overseas territories
Last week Walmart reported a strong set of results for its second quarter ended July 31.
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AnalysisAnalysis: Asda takes on Tesco in battle for spend
Asda’s chief executive is getting ready to fight off a revived Tesco.
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News
Walmex to face fresh investigation by US Congress
Walmart’s Mexican subsidiary Walmex is facing fresh investigation by the US Congress, which says it has documents suggesting that the retailer may have engaged in tax evasion and money laundering.This follows probes over allegations that the retailer bribed local Mexican officials to open stores more quickly.Congressmen Elijah Cummings and Henry ...
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NewsAsda posts 0.7% increase in like-for-likes
Asda revealed like-for-likes, excluding fuel and VAT, edged up 0.7% as it increased market share in its second quarter to June 30.