Wal-Mart's top American executive, Bill Simon...
Walmart announced that William Simon, president...
New York Times columnist Timothy Egan fired...
No smiley face.
Walmart has issued a statement saying one of...
In a giant coliseum early Friday morning...
Wal-Mart is America's biggest retailer. The...
The heirs to Wal-Mart's fortune are among the...
Wal-Mart workers are planning strikes in more...
Nordstrom grew online sales 33% over the same quarter last year.
Walmart's CEO made about $US10 million last year...
CEO Murthy Nukala will get $US2.4 million in total golden parachute compensation.
Proxy advisory firm Institutional Shareholder...
Target's $US4.4 billion expansion into Canada is...
For a long time, Whole Foods was one of the...
@WalmartLabs has acquired Adchemy, the slightly...
Walmart country and Whole Foods country are...
Apple is said to be looking for payments talent.
Costco is often praised by politicians and...
Wal-Mart is launching a new service that will...
The grocery industry in the U.S. is undergoing...
The German grocery chain Aldi has the cheapest...
Duracell's commercial starring Seattle Seahawks...
After "Dirty Jobs" host Mike Rowe received...
Forbes has released its annual list of the world’s billionaires. We sorted through the rankings to find the richest people in retail, from grocery store king Karl Abrecht to fashion designer Miuccia Prada. The heirs to the Wal-Mart fortune continue to have the strongest presence on the billionaires list compared […]
One-half of Target's online shoppers are mobile-only.
Former “Dirty Jobs” host Mike Rowe says he’s become the target of death threats after narrating a Wal-Mart commercial about investing in American manufacturing. The ad first aired more than two weeks ago during the Winter Olympics in Sochi. In it, Rowe talks about the importance of reinvesting in American […]
Operating issues in its supercenters, for one.
Wal-Mart announced Q4 adjusted earnings of $US1.60 per share, which was a penny higher than analysts’ expectations. Revenue climbed 1.5% year-over-year to $US129.7 billion, which was a hair below the $US130 billion expected. U.S. comparable store sales fell 0.4% during the period. And guidance was clearly weak. Management expects to […]
Police in Texas have arrested two Mexican citizens for alleged credit card fraud related to the massive data breach at Target over the holidays, The Wall Street Journal reports. Mary Carmen Garcia Vaquera, 27, and Daniel Guardiola Dominguez, 28, allegedly used credit card data stolen from Target to spend tens […]
Authorities are warning consumers of a new scam offering $US100 gift cards at Target and Wal-Mart. The gift card offer, which has been spotted in Ohio and North Carolina, comes on a postcard and lists a toll-free number for consumers to call and claim their reward. “If you call the […]
Retail is an incredibly dynamic industry. “We will see more disruption in the next 10 years of retail than we did in the previous one thousand,” said Doug Stephens, founder of industry website Retail Prophet and author of The Retail Revival: Re-Imagining Business for the New Age of Consumerism. Stephens […]
NITIN JAIN is the big man in Lasalgaon, a dusty town a day’s drive from Mumbai that boasts it has Asia’s biggest onion market. With a trim moustache and a smartphone stuck to his ear he struts past a thousand-odd tractors and trucks laden with red onions. Farmers hurl armfuls […]
The price of the iPhone 5C is slashed by 72$.
Other Apple gadgets will be discounted as well.
It took Wal-Mart Chairman Rob Walton a matter of seconds to burn through millions of dollars on a race track last year. He was reportedly tearing around a corner in his rare Shelby Daytona Cobra Coupe, one of five ever made, when he ran it off the track and wrecked […]
Here’s a great little Black Friday nugget. Wal-Mart’s #1 seller was a washcloth. From NBCNews: The retailer announced it had sold 2.8 million towels during the shopping event, which this year started even earlier at 6 p.m. on Thanksgiving Day. The textile sales outpaced the 300,000 bicycles, 1.4 million tablets, […]
Retailers opened more stores than ever on Thanksgiving Day this year in an effort to boost holiday sales and give customers more time to take advantage of Black Friday deals. But the earlier openings largely detracted from Black Friday’s sales, leading to a lackluster Thanksgiving weekend for retailers, according to […]
Last week, American retailers were vying for customers’ time and dollars during Black Friday sales. Three retailers’ strategies stood out as the best during post-Thanksgiving sales, according to a note by Goldman Sachs. Here are their favourites: Wal-Mart: The retailer was a leader and “drove the market vis-à-vis store hours […]
Wal-Mart and Best Buy are making strides to compete with online behemoth Amazon this holiday season. But Amazon will continue to gain market share in electronics and general merchandise, according to a recent report by Trefis. The report lists a few reasons why Amazon will continue to dominate. Online retail […]
More than 22 million customers made 10 million register transactions at Wal-Mart stores on Thursday night, while the retailer was holding its Black Friday sales. Wal-Mart U.S. CEO Bill Simon called it a “fantastic night” and said the environment in stores was “energetic and optimistic and much more calm than […]
A video posted to YouTube Thursday appears to show a screaming mob fighting over flat-screen televisions at a Wal-Mart in North Carolina during the retailer’s Black Friday sales. The video shows at least 50 people crowded around the televisions, when several people start pushing and shoving each other, with one […]
The National Labour Relations Board says it’s legal for the United Food and Commercial Workers International Union to pay Wal-Mart employees to strike, the Washington Examiner reports. In a Nov. 15 memorandum, NLRB lawyers said the union’s award of a $US50 gift card to Wal-Mart employees who walked off their […]
The holiday shopping season is upon us with Black Friday just around the corner. For those shoppers planning to hit the stores over the holiday, we have compiled a complete list of opening times on Thanksgiving and Black Friday that have been announced to date. Thanksgiving Day: 6 a.m.: Kmart […]
Martha Sellers hasn’t been able to pay her rent on time since her husband died three years ago. She works as a cashier at Wal-Mart making $US13.40 an hour. Even after 10 years with the company, the 55-year-old says she has to borrow money every month from co-workers just to […]
A second Wal-Mart location in Ohio is holding an employee food drive for workers who are unable to afford Thanksgiving dinner. The Wal-Mart in Franklin confirmed to Business Insider that it is asking employees to donate to other workers in need. The local Fox affiliate first reported on the drive. […]
Wal-Mart has come forward to defend an employee food drive. The Canton, Ohio, Wal-Mart made the news earlier this week for asking employees to donate to other employees in need. “We’re proud of the pay and benefits at Walmart, but this issue has nothing to do with how much we […]
Wal-Mart’s Black Friday sales attract mobs of people every yearthat inevitably turn into absolute chaos at many store locations throughout the U.S. Last year, two people were shot in a dispute over a parking spot at a Tallahassee, Fla., Wal-Mart. The year before, a mob fought over a $2 waffle […]
There are thousands of Wal-Marts across the U.S. that allow overnight parking for cars RVs. In some cases this had led to the development of whole communities. Brooklyn writer and photographer Nolan Conway got to know some of these people while living out of his car for 3 weeks in […]
A new Wal-Mart store in Washington D.C. has been inundated with applications for associates. The store is currently combing through more than 23,000 applications for 600 available positions, reports NBC Washington. That means that Wal-Mart will be able to hire one person for every 38 applications it receives — i.e., […]
Yesterday, it was revealed that employees at a Cleveland Walmart are holding a holiday food drive for other Walmart employees. This situation says everything about what’s wrong with the U.S. economy right now. Walmart is one of the richest companies in the world. Walmart has a market value of $US260 […]
A Cleveland Wal-Mart store is holding a food drive — for its own employees. “Please donate food items so associates in need can enjoy Thanksgiving dinner,” reads a sign accompanied by several plastic bins. The Cleveland Plain Dealer first reported on the food drive, which has sparked outrage in the […]
Business at Costco is thriving. The retailer is posting gains even as competitors like Wal-Mart and Target have struggled to attract cash-strapped consumers. Analysts at Trefis have pinpointed a few reasons for Costco’s incredible success. 1. Customers want deals. It’s estimated that shoppers can save up to 55% on groceries […]
Walmart’s Q3 financial results are out. Earnings came in at $US1.14 per share, which was a bit higher than the $US1.13 expected. Revenue climbed 1.6% to $US114.9 billion. This was a bit lower than the $US116.8 billion expected. Walmart’s comparable U.S. store sales fell 0.3%. “The retail environment, both in […]
With Black Friday just three weeks away, it’s time for shoppers to start clipping coupons and scouring the Internet for the best doorbuster deals. For those shoppers planning to hit the stores over the holiday, we have compiled a complete list of opening times that have been announced to date. […]
Lots of fat. And love.
Wal-Mart’s supporters say that the retail giant brings much-needed jobs to depressed areas. But an urban planner from Asheville, North Carolina found that Wal-Mart is much less beneficial than downtown businesses, according to the book “The Happy City.” Salon recently published an excerpt from the book. Wal-Mart’s main detriment is […]
More than 50 people demanding better wages for Wal-Mart workers in a protest organised by a union activists were arrested outside the retailer’s store in the Chinatown section of Los Angeles on Thursday night. The protesters were taken into custody without incident after refusing an order by officers to disperse, […]
Strapped for cash, consumers who once shopped at Wal-Mart and Kmart are turning to dollar stores. But the shift to dollar stores is about more than price, Brian Sozzi, chief equities strategist at Belus Capital Advisors, told us. While Wal-Mart and Kmart are cutting costs and trimming staff, chains like […]
Tis the season for glitchy websites, it seems. Walmart says it suffered a problem with its website on Wednesday that accidentally priced expensive items like computer monitors and televisions for a few dollars, as we previously reported. Items that were put on sale by the website glitch included $US600 treadmills […]
Shoppers looking for a bargain got some big ones at Walmart.com Wednesday morning. A technical glitch on the Wal-Mart Stores Inc U.S. website offered some items at a fraction of their actual retail price. Treadmills, which normally cost hundreds of dollars, were priced at $US33.16. LCD computer monitors were offered […]
Wal-Mart is America’s largest retailer. But as the American economy declines, Wal-Mart does too. Brian Sozzi at Belus Capital Advisors recently took a series of photos that he says illustrate how understaffed Wal-Mart locations have become. “What spurred this investigation?” asked Sozzi. “On Wal-Mart’s recent analyst day, it was shared […]
This is becoming a nice ritual. Apple introduces a new product, Walmart announces it will sell the product at a little discount. Walmart just announced plans to sell the iPad Air for $US479, which is $US20 less than Apple will charge for the iPad Air. As 9to5Mac notes, Best Buy […]
You'll have trouble poaching from these high-paying places.
Wal-Mart loses billions of dollars every year to thefts, and it is also home to some really bizarre crimes. We dug up a few that have been reported just within the last week and this is what we found: A 24-year-old man allegedly high on synthetic marijuana blew up fireworks […]
Wal-Mart is America’s biggest retailer. We compiled some facts about Wal-Mart that will blow your mind:
Walmart expects its strongest holiday season on record with tablets representing four out of the top five items in layaway so far this year. “I’m excited about the holiday season and I expect this to be the best year ever,” Walmart U.S. Executive Vice President and Chief Marketing Officer Duncan […]
Walmart executives say a “tough” and “unpredictable” economy and gridlock in Congress are hurting business. “When all people hear about on the news is the economy and the debt ceiling, that’s not helpful,” Walmart U.S. CEO Bill Simon said at Walmart’s annual meeting with investors and analysts. “We’re battling through […]
Good morning, AdLand. Here’s what you need to know today: Walmart is taking efforts to more actively respond to criticisms lobbed at its social media accounts. It’s new internal credo is, “no free shots,” according to Digiday. Walmart now has a Twitter SWAT team that will attempt to respond to […]
A technical glitch briefly lifted the spending limits on food stamp benefits over the weekend, setting off a shopping frenzy that emptied store shelves within a matter of hours at two Walmart locations in Louisiana. The chaotic scene on Saturday drew police to the Walmart locations in Mansfield, La., and […]
Wal-Mart is the predominant retailer in the world, with an estimated 35 million shoppers per day. But Wal-Mart hasn’t been able to succeed in four major countries, reports Susan Berfield at Bloomberg Businessweek: India. Wal-Mart faces several obstacles in India. This week, it cut ties with its Indian partner, Bharti […]
The Waltons are the richest family in America. The descendants of Wal-Mart founder Sam Walton, the family controls more than 50% of the Wal-Mart Corporation, according to Bloomberg, and combined are worth at least $US150 billion based on Forbes’ wealth estimates. Four Walton family members are currently in the top […]
Wal-Mart is building a series of fulfillment centres for online orders as part of its e-commerce initiative. But one statistic shows just how much Wal-Mart is lagging behind Amazon online, according to Shelly Banjo at the Wall Street Journal. Amazon’s online sales were $US61 billion last year, while Wal-Mart’s sales […]
Dollar stores are beating Wal-Mart in the competition for budget-conscious customers. Wal-Mart’s merchandise has been “piling up because consumers have been spending less freely,” Renee Dudley at Bloomberg reported last week. The company is also preparing for a tough holiday season. Meanwhile, Dollar Tree is opening legions of stores and […]
Bananas have been the best-selling item at Walmart for several years. While America’s largest retailer doesn’t disclose just how many bananas it sells, the number has to be immense considering that more than 200 million people shop in its stores worldwide every week. We asked Wal-Mart spokeswoman Brooke Buchanan why […]
Keeping customers happy.
Also promoting workers.
Coors at 0.6% of cost.
Walmart will sell the iPhone 5S and iPhone 5C at a slight discount. Instead of charging $US99 for the entry level iPhone 5C, it will charge $US79. For the iPhone 5S it will charge $US189 instead of $US199. Walmart has often discounted the iPhone, but we can’t remember it happening […]
Starting in 2014.
In 90-degree heat.
Suspects still at large.
International sales stunk.
An unstoppable rise.
An unstoppable rise.
Watch them wipe out.
What strategies are succeeding and aren't.
If workers made $12.50 an hour.
More than a trillion donated by the top 5 alone.
"I thought I was doing the right thing."
Would require paying $12.50 per hour.
The world's largest retailer severed ties with the Southern cook.
Things got awkward.
Accuses them of being "confrontational and abusive."
180-day contracts by the bushel.
Clothing from factories that don't measure up.
Tom Cruise, Hugh Jackman, and more.
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