All Walmart articles – Page 33
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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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News
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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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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News
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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News
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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News
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.
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AnalysisA world of international retail opportunities
Emerging markets globally have retail potential, but could any be the new China? By Tim Danaher
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NewsWalmart reconsiders terms of Massmart deal
Walmart may modify its offer to acquire South African retailer Massmart, meaning the Johannesburg company could retain a listing.
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AnalysisWalmart turns attention to small-format US stores
At its annual investor conference last week, Walmart announced plans to roll out 30 to 40 medium and small-sized stores in the US next year.
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NewsAsda to source an extra £270m of British food by 2013
Asda is to ramp up the quantity of food sourced from British producers, including local and specialist suppliers, as part of a sustainable agriculture push by parent Walmart.
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NewsStores vie for Halloween bonanza but growth ‘unlikely to continue’
Retailers expect this year’s Halloween to deliver bumper sales, with the event set to be the third biggest for retail after Christmas and Easter.
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AnalysisSlow road to South Korea will help Ikea’s prospects
Ikea has reported that group sales for the year ended August 31, 2010, rocketed 7.7% to €23.1bn (£19.2bn).
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News
Walmart's Indian JV calls government to remove wholesale trading restrictions
Walmart’s Indian joint-venture, Bharti Walmart, has called for India’s government to remove restrictions allowing FDI-backed wholesale firms to sell no more than 25% of their total turnover to a group retailer.The latest relaxation in FDI rules by the government lifted restrictions on products being sold only for internal use. However, ...
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NewsAsda receives rebate from parent Walmart
Asda received a £115m rebate from its US parent which boosted profits but lifted its tax bill, according to figures filed at Companies House.
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AnalysisWalmart poised to strike huge deal in South Africa
It is no secret that Walmart has been evaluating an acquisition in South Africa for a number of years. A number of local retailers have informed Planet Retail that Walmart executives from the US and UK are not an unfamiliar sight at stores and head offices.