All Walmart articles – Page 32
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NewsMassmart shareholders approve Walmart deal
South African retailer Massmart’s shareholders have approved a $2.39bn tie-up with Walmart.
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NewsHodkinson joins Floors-2-Go
Floorings specialist wins £3.25m cash injection and hires sector veteran as it guns for growth
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Walmart in Brazil cuts prices of 2000 items by up to 20%
Walmart has adopted an EDLP pricing model at its Brazilian operations with immediate effect. Dubbed Preço Baixo Todo Dia, the introduction of the scheme resulted in the prices of 2,000 items being cut by up to 20%.Walmart has also ended its Bomclube loyalty programme in Brazil as part of the ...
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AnalysisCarrefour enters India solo with cash and carry store
Following in the footsteps of its global rivals, Carrefour has finally entered the Indian market with its first cash and carry store
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NewsBond stands down as Asda chairman
Asda chairman Andy Bond has stepped down from his position just nine months into the role and will leave parent Walmart at the end of March after completing its acquisition of South African general merchandise retailer Massmart.
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Sears to launch movie download service
Department store group Sears has unveiled plans to launch a movie download service at its eponymous and Kmart stores. The service, called Alphaline Entertainment, would be available to users on a variety of devices, including mobile, and will offer customers the ability to download movies and TV shows the same ...
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Walmart is to close office in Moscow
Walmart is to close its office in Moscow. International chief executive Doug McMillon said: “The Russian market is a compelling retail opportunity and we believe that Russian consumers could benefit from Walmart’s value proposition.“Since we have decided to enter the market through acquisition, not greenfield development, and since there is ...
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AnalysisInternationalism is high on the agenda for 2011
In the past few years the retail sector has been dominated by the effects of the global economic crisis, with consumers in search of value and low prices.
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NewsWalmart closes Moscow office
Walmart is to close its office in Moscow, but said that it remains interested in entering the Russian market through “an attractive acquisition”.
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Massmart launches website for extended food offer
In the run-up to its expected acquisition by Walmart, South African retailer Massmart has launched a dedicated website for the extended food offer that has recently been piloted at a Game variety store in Cape Town. The site - at Foodco.co.za - describes Foodco as “a supermarket inside Game that ...
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AnalysisWalmart to take Latin American lessons to Asia
In China, Walmart is launching compact hypermarkets as it aims to profitably penetrate the market, reaching more consumers in both rural and urban environments.
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AnalysisWeb sales to be a cracker this Christmas
With an increasing number of people shopping online, Gemma Goldfingle looks at how retailers are harnessing the web to boost seasonal sales
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NewsWalmart trials new format in China
Walmart has embarked on a new strategy in China in a bid to reach lower-income and rural shoppers.
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Walmart set to acquire 51% of Massmart
Walmart has made a cash offer of R16.5bn (£1.48bn) to buy a controlling 51% of South Africa’s Massmart Holdings, its first foray into the growing retail market in sub-Saharan Africa. Massmart will remain listed in Johannesburg if the deal is completed, it said. “The more we learn about South Africa ...
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AnalysisWalmart to take on big cities with small stores
Today, Walmart’s influence across America’s heartland is unmatched, and now it is looking to prove its competitors wrong once again by reaching out to a new, unconventional consumer: the city dweller.
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NewsWalmart's Jack Shewmaker dies
Jack Shewmaker, one of Walmart’s leading figures, has passed away.
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AnalysisJapan’s Aeon to triple spend on emerging Asian markets
Japan’s second largest retailer Aeon recently announced an ambitious new three-year business plan, in which the company will nearly triple its investment in overseas Asian markets by fiscal 2013.
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Distribución y Servicio (D&S) to change its name to Walmart Chile
Grocery retailer Distribución y Servicio (D&S) is to change its legal name to Walmart Chile. The move will have to be ratified at the next company shareholder meeting, which will take place in late November. The decision will not affect the fascias that the retailer operates such as Líder, Ekono ...
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Walmart submits bid for Matahari hypermarkets
Walmart has reportedly submitted a bid for Indonesian retailer Matahari’s hypermart stores, joining regional competitor Lotte Shopping and private equity firm Carlyle Group.Although it is unclear whether Walmart has formally bid for the business, Reuters reports that the retailer has hired Barclays Capital to advise on the transaction, which could ...
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AnalysisWalmart rethinks majority stake offer for Massmart
The latest news from South Africa suggests Walmart is considering scaling back its offer to acquire a majority stake in Massmart following discussions with its shareholders. Walmart had previously announced a non-binding proposal, which could lead to a cash offer to acquire the entire issued share capital of Massmart, on September 27.