News

Walmart Slams Analyst Who Accused It Of Running Deceptive Facebook Ads

[credit provider=”Rich Greenfield / Twitter”] Walmart just told us that BTIG analyst Rich Greenfield — who yesterday accused Walmart of using “deception” to gather likes on Facebook — was completely wrong to accuse the company of breaking Facebook’s rules by selling its own ad space to third parties such as […]
Walmart Slams Analyst Who Accused It Of Running Deceptive Facebook Ads
News

Why This Analyst Says A Walmart ‘Deception’ Is Overwhelming Facebook With Spam

[credit provider=”Sonnenbrand via Flickr” url=”http://www.flickr.com/photos/sonnenbrand/2617249825/”] Walmart is breaking Facebook’s rules for advertisers and overwhelming the social network with spam ads, Rich Greenfield, a media equities analyst at BTIG, wrote in a note to investors seen by Business Insider. UPDATE: Walmart Slams Analyst Who Accused It Of Running Deceptive Facebook Ads […]
Why This Analyst Says A Walmart ‘Deception’ Is Overwhelming Facebook With Spam
News

Woman Claims Walmart Workers Tore Up Her $100 Bills During A Christmas Shopping Trip

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:2008-08-28_Black_Friday_shoppers_at_Wal-Mart.jpg”] A Texas woman is suing Walmart for false imprisonment and emotional distress, claiming the store detained her for two hours over counterfeit money that wasn’t counterfeit.Store employees tore up two $100 bills, Julia Garcia contends, then tried to return them to her when a police officer […]
Woman Claims Walmart Workers Tore Up Her $100 Bills During A Christmas Shopping Trip
Strategy

Indian Merchants Are Totally Underestimating The Walmart Threat

[credit provider=”AP”] Mr Luthra, the shopkeeper in my local market who sells me ancient imported cheese, packets of sliced salami and a variety of other once-scarce western delicacies that he produces like some kind of illicit contraband from a fridge buried in the back of his store, has views on […]
Indian Merchants Are Totally Underestimating The Walmart Threat
News

Walmart Took Over Chile In Only Three Years And Other Countries Are Terrified

[credit provider=”Mark Wilson/Getty Images”] Three years after entering Chile, Walmart controls a staggering 34 per cent of the entire market. Walmart entered Chile in 2009 when it acquired D&S, a leading food retailer there. It promptly changed its name to “Walmart Chile” and built off the existing infrastructure. 
Walmart Took Over Chile In Only Three Years And Other Countries Are Terrified
Tech

Wal-Mart Will Stop Selling Amazon’s Kindles

[credit provider=”Screenshot”] (Reuters) – Wal-Mart Stores Inc will no longer sell Amazon.com Inc’s Kindle products, making it the second major chain to stop selling Amazon’s devices, as the world’s largest retailer makes a bet that consumers are more interested in other gadgets.”We have recently made the business decision to not […]
Wal-Mart Will Stop Selling Amazon’s Kindles
News

Customer Sues Walmart For A ‘Humiliating Ordeal’ At The Hands Of Two Employees

[credit provider=”Walmart Stores via flickr” url=”http://www.flickr.com/photos/walmartcorporate/5684811762/”] If you’re going to accuse someone of trying to pay with counterfeit money, it’s a good idea to actually test the bills first.Walmart customer Julia Garcia claims in court that she had two $100 bills torn up by Walmart workers who claimed that the […]
Customer Sues Walmart For A ‘Humiliating Ordeal’ At The Hands Of Two Employees
News

Walmart Was Just Blocked Again From Getting Into NYC

[credit provider=”Mark Wilson/Getty Images”] Walmart really wants to break into New York City, but its latest attempt has fallen apart.The world’s largest retailer says that it failed to agree on economic terms for opening its first store in the city, which was supposed to be at a development in Brooklyn’s […]
Walmart Was Just Blocked Again From Getting Into NYC
Markets

Layaway Is Generally A Horrible Idea

Layaway is the topic du jour in consumer news this month as big-box retailers like Walmart, Kmart and Toys ‘R Us battle it out for the best interest-free payment options this holiday season.
Layaway Is Generally A Horrible Idea
News

Why Adam Smith, Karl Marx, And Joseph Schumpeter Would Have Loved Walmart

[credit provider=”Wikipedia”] Walmart supposedly provides the greatest value for the buck. Coming out of one of the greatest recessions in human history, U.S. shoppers are still looking for bargains, so Walmart is sure to attract a plethora of wild money-savers.Free-market financial analyst and radio talk-show host Peter Schiff recently went […]
Why Adam Smith, Karl Marx, And Joseph Schumpeter Would Have Loved Walmart
Markets

Layaway Is Making A Huge Comeback Because Of Walmart And Kmart

[credit provider=”Flickr / Walmart Stores” url=”http://www.flickr.com/photos/walmartcorporate/5684862146/in/photostream/”] Layaway made a comeback last year when Walmart offered it for the first time since 2006. The program allows shoppers to put an item on “hold” with a small down payment and pay for it over time.
Layaway Is Making A Huge Comeback Because Of Walmart And Kmart
Markets

Is Walmart’s 15-Cent-Per-Gallon Discount A Good Deal?

Walmart will offer its prepaid, credit and gift card holders a 15-cent discount on gas from Friday, August 31st until Christmas Eve. Walmart prepaid and credit cards earn a 15 cent per gallon discount at Murphy USA and Walmart gas stations. Gift cards earn a 10-cent discount. But unfortunately, it’s […]
Is Walmart’s 15-Cent-Per-Gallon Discount A Good Deal?
Strategy

Why Walmart Can Pull Off ‘Everyday Low Prices’ But Everyone Else Keeps Failing

[credit provider=”Flickr / Walmart Stores” url=”http://www.flickr.com/photos/walmartcorporate/5684862146/in/photostream/”] NEW YORK (AP) — Joelle Daddino is making it difficult for stores to make money.Like many Americans who’ve grown accustomed to deep discounts, Daddino has become so obsessed with sales that she refuses to shop any place that isn’t having one.
Why Walmart Can Pull Off ‘Everyday Low Prices’ But Everyone Else Keeps Failing
Markets

Walmart’s Layaway Plan Is A Better Deal For Them Than For Struggling Consumers

[credit provider=”Flickr / dolanh” url=”http://www.flickr.com/photos/reneeanddolan/4026340046/sizes/m/in/photostream/”] In what is perhaps a sign of serious and continued economic distress here in the United States, Walmart, citing customer demand, will be offering its holiday layaway financing once more — even earlier this year than last year. Starting in September, customers will be able […]
Walmart’s Layaway Plan Is A Better Deal For Them Than For Struggling Consumers
Tech

Walmart Is Testing A Scan-And-Go iPhone App That Could One Day Replace Cashiers

[credit provider=”Flickr / Walmart Stores” url=”http://www.flickr.com/photos/walmartcorporate/5684862146/in/photostream/”] In Rogers Arkansas, Walmart recently asked employees and their friends with iPhones to test out a new self scan-and-go app. It’s one of a few mobile initiatives Walmart is working on that could one day replace or aid its many cashiers.The test was put […]
Walmart Is Testing A Scan-And-Go iPhone App That Could One Day Replace Cashiers
News

Taylor Swift’s High School Concert Contest Was Hijacked By Trolls

There is no chance Taylor Swift will go to Alaska for the recently launched Papa John’s internet contest. On August 21st, Papa John’s announced an internet contest targeting k-12 schools across the country. The school with the most votes on Facebook will win a free Taylor Swift concert, to be aired […]
Taylor Swift’s High School Concert Contest Was Hijacked By Trolls
Markets

A New Walmart Tool Lets You Compare Prices To Just About Everywhere Else

[credit provider=”Walmart.com”] If you haven’t heard about Walmart’s new receipt comparison tool yet, you’re not alone. The mega-retailer quietly launched the new service in select U.S. stores earlier this month; a move that’s sure to irritate its bricks-and-mortar competitors. Like Amazon’s price check app, Walmart gives consumers the ability to see […]
A New Walmart Tool Lets You Compare Prices To Just About Everywhere Else
News

Target Is Actually Cheaper Than Walmart Right Now

[credit provider=”Nate Grigg/Flickr” url=”http://www.flickr.com/photos/nateone/3519404549/”] Target actually has cheaper stuff than Walmart and the price disparity is the greatest in two years, according to a Bloomberg analysis. Bloomberg compared 150 similar items at Walmart and Target stores within five miles of each other. 
Target Is Actually Cheaper Than Walmart Right Now
Markets

Wal-Mart Dusts Off Layaway Plan For The Holidays

[credit provider=”Flickr / Walmart Stores” url=”http://www.flickr.com/photos/walmartcorporate/5684862146/in/photostream/”] NEW YORK (AP) — After seeing high customer demand for layaway during last year’s winter holiday season, Wal-Mart is expanding the interest-free pay-over-time program for Christmas.The new program will last a month longer than last year’s and will include more items than the toys and electronics […]
Wal-Mart Dusts Off Layaway Plan For The Holidays
Strategy

The Brilliant Tactic Walmart Uses To Fend Off Competition From Dollar Stores

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:2008-08-28_Black_Friday_shoppers_at_Wal-Mart.jpg”] In the horrible economy of the past few years, some consumers have avoided Walmart in search of cheaper alternatives. Dollar stores, which had cheaper basic supplies like toilet paper and medicine, began to present big competition, the New York Times reported in 2010.
The Brilliant Tactic Walmart Uses To Fend Off Competition From Dollar Stores
News

Here’s How Many Shopping-Oriented Tweets There Are Every Day

[credit provider=”Pink Sherbert Photography / Flickr, CC” url=”http://www.flickr.com/photos/pinksherbet/2796862756/”] Last month we told you about LocalResponse, the New York-based mobile ad startup that has a plan to end “showrooming,” the shopping trend in which customers visit a store and then use their mobile phones to find cheaper goods elsewhere.The company does […]
Here’s How Many Shopping-Oriented Tweets There Are Every Day
News

Walmart Is Going To Sell The Genetically Modified Corn That Its Competitors Rejected

[credit provider=”flickr” url=”http://www.flickr.com/search/?q=eating+corn&l=4#page=2″] Monsanto has developed genetically modified sweet corn, and it’s the first time that the company is doing this with fresh produce, as opposed to processed foods.Activists have worked to try to keep it off store shelves, and its health effects are still being debated.
Walmart Is Going To Sell The Genetically Modified Corn That Its Competitors Rejected
News

Police: 11 Midwestern Walmart Bomb Threats Could Be Connected

[credit provider=”Walmart” url=”http://walmartstores.com/pressroom/Photos/Gallery.aspx?id=440″] Eight Missouri Walmarts and three in Kansas received bomb threats over the phone, and police now believe they’ve found the number from which all the calls were made.The threats began with a call at 6:45 p.m. on Friday to a Fredricktown, Mo., Walmart that warned of a […]
Police: 11 Midwestern Walmart Bomb Threats Could Be Connected
Markets

Walmart Comes Out Against The $7.25 Billion Swipe Fee Settlement

[credit provider=”markyeg/Flickr” url=”http://www.flickr.com/photos/markjms/3466232927/sizes/m/”] Though many businesses considered the recent decision to settle a massive class action suit against the world’s two largest credit and debit card payment processors to be a big success, larger companies have expressed concern over it.Walmart recently came out in opposition to the $7.25 billion settlement between merchant groups and […]
Walmart Comes Out Against The $7.25 Billion Swipe Fee Settlement
Markets

Walmart Shopper Tricked Into Letting A Man Suck Her Toe To Get Free Groceries

[credit provider=”Iknownowforsure” url=”http://www.flickr.com/photos/iknownowforsure/400900397/sizes/m/in/photostream/”] A bizarre report circulating out of a Southeast Georgia Walmart shows just how far some consumers may be willing to go for a discount. An 18-year-old woman claims a man offered to suck her toe in exchange for paying for all her groceries, according to a police report […]
Walmart Shopper Tricked Into Letting A Man Suck Her Toe To Get Free Groceries
Strategy

A Town Converted An Abandoned Walmart Into One Gigantic Public Library

[credit provider=”Courtesy of Lara Swimmer” url=”http://dev.msrltd.com/projects/mcallenmainlibrary”] What would you do with an old abandoned Walmart?Creating a massive library probably isn’t the first thing to come to mind, but that’s what happened in the town of McAllen, Texas, reports Dave Pinter at PSFK.
A Town Converted An Abandoned Walmart Into One Gigantic Public Library
Markets

Here’s Why Walmart Doesn’t Give A Darn About ‘Showrooming’

[credit provider=”Flickr / Walmart Stores” url=”http://www.flickr.com/photos/walmartcorporate/5684720360/in/photostream/”] Showrooming—when customers test out items in-store then buy them at a cheaper price on sites like Amazon later—has retailers trembling in their boots.Well, everyone that is, except for Walmart. 
Here’s Why Walmart Doesn’t Give A Darn About ‘Showrooming’
Strategy

This 73-Year-Old Walmart Greeter’s Life Was Ruined By One Split-Second Reaction

[credit provider=”Flicker/laurieofindy” url=”http://www.flickr.com/photos/joanieofarc/4139299138/”] John Woodrow Cox at the Tampa Bay Times has written a fascinating, though tragic, profile of a 73-year-old Walmart greeter whose life was changed forever after a split-second reaction while on the job.Here’s what happened, according to Jan Sullivan, the greeter who had worked at Walmart for […]
This 73-Year-Old Walmart Greeter’s Life Was Ruined By One Split-Second Reaction
Strategy

WALMART CMO: ‘You Don’t Just Move To Bentonville On A Whim’

[credit provider=”Screengrab from AdAge on YouTube” url=”http://www.youtube.com/watch?v=Wg4CkXIDrK8″] AdAge’s Jack Neff spoke with Walmart CMO Stephen Quinn about what’s happening at the world’s largest retailer.Quinn shared an interesting personal tidbit about how he has managed to stay at Walmart throughout a seven-year rollercoaster, and had some good advice for marketers looking […]
WALMART CMO: ‘You Don’t Just Move To Bentonville On A Whim’
News

Sony, AT&T And Others Face A New Chinese labour Scandal

[credit provider=”picdrops on flickr” url=”http://www.flickr.com/photos/picdrop/357914637/”] I think we all already knew that Foxconn was not the only China manufacturer with tough labour conditions. Indeed, those of you with business experience over here know that Foxconn is nowhere near the worst employer. I wonder if Foxconn honcho Terry Gou is quietly […]
Sony, AT&T And Others Face A New Chinese labour Scandal
Markets

22 Companies Who Are Addicted To Walmart

[credit provider=”Mark Wilson/Getty Images”] Last year Walmart moved more than $443 billion worth of goods through its 10,000 global locations. For hundreds of businesses, Walmart’s decision to carry a product can mean increased payrolls and surging top line results.
22 Companies Who Are Addicted To Walmart
News

They Had To Evacuate A Walmart After A Shoplifter Tried To Cook Meth In It

[credit provider=”Walmart Stores via flickr” url=”http://www.flickr.com/photos/walmartcorporate/5684811762/”] Here’s something a retail loss prevention officer doesn’t deal with every day.A St. Louis Walmart had to be evacuated after a woman, who was being detained for shoplifting, was found allegedly making meth with her portable “shake and bake” lab in the loss prevention […]
They Had To Evacuate A Walmart After A Shoplifter Tried To Cook Meth In It
Strategy

This Walmart Exec Is Betting His Career On The Success Of ‘EDLP’

[credit provider=”Screengrab from BloombergTVBest on YouTube” url=”http://www.youtube.com/watch?v=mja3b56pSmw”] “EDLP” is one of Walmart’s favourite acronyms.It stands for “every day low prices” — promising consumers a low price without having to watch for sales and promos — and it’s a key part of its pricing and marketing strategies in the U.S.
This Walmart Exec Is Betting His Career On The Success Of ‘EDLP’
Strategy

Wal-Mart Is Backing Down And Giving Employees Almost $5 Million In Unpaid Overtime

[credit provider=”Flickr / Walmart Stores” url=”http://www.flickr.com/photos/walmartcorporate/5684720360/in/photostream/”] Wal-Mart is known for its low prices, but the company’s most recent headlines highlight its low wages. The retail giant has agreed to pay its current and former employees nearly $4.83 million in unpaid overtime following an investigation by the U.S. Department of labour’s […]
Wal-Mart Is Backing Down And Giving Employees Almost $5 Million In Unpaid Overtime
Markets

The Ultimate Guide To Finding The Best Stores For Couponing

[credit provider=”Flickr / Thomas Hawk” url=”http://www.flickr.com/photos/thomashawk/218264327/in/photostream/”] Veteran couponers know to bring a copy of their local stores’ coupon policies when they shop.Policies vary from store to store – and many stores’ policies have changed since TLC’s Extreme Couponing show revealed how some couponers game the system to pay virtually nothing […]
The Ultimate Guide To Finding The Best Stores For Couponing
Markets

How Walmart’s One-Stop Shop Concept Gets Us To Impulse Shop

[credit provider=”Flickr / StephenMcleod” url=”http://www.flickr.com/photos/greenboy/6195653406/in/photostream/”] Walmart is reshaping consumer expectations and the manufacturing industry, as Stacy Mitchell details at Grist.One way is to enduce impulse buys by creating a one-stop shopping experience that can only be reached by car.
How Walmart’s One-Stop Shop Concept Gets Us To Impulse Shop
Markets

FINANCE GURU: Here’s What You Need To Know About Investing In Corrupt Companies

[credit provider=”www.antonkusters.com” url=”http://www.antonkusters.com”] Although the allegations have yet to be proven regarding Walmart’s reported involvement with Mexican bribes, the story has shed light on some shady business practices which many experts already consider to be rampant.On his Musings On Markets blog, NYU’s finance guru Aswath Damodaran discusses the existence of […]
FINANCE GURU: Here’s What You Need To Know About Investing In Corrupt Companies
News

These Walmart Customers Say They Bought iPads, But All They Found In The Boxes Was Paper

[credit provider=”Screengrab from myFOXDetroit” url=”http://www.myfoxdetroit.com/dpp/news/local/customers-say-they-got-notepads-not-ipads-20120503-ms”] A few scattered Walmart customers say they found something unexpected when they opened their iPad 3 boxes, reports Ron Savage at myFOXDetroit.One customer in Michigan bought her iPad 3 from a Walmart and found nothing in the box but yellow notepads. When she went back to the […]
These Walmart Customers Say They Bought iPads, But All They Found In The Boxes Was Paper
News

This Woman Claimed Walmart’s CEO Took Diamonds And Yachts From A Contractor

[credit provider=”JulieRoehm.com” url=”http://juliearoehm.com/?page_id=2″] Thus far, the Department of Justice probe into whether Walmart paid bribes in Mexico to expand its operations there is focusing on violations of the Foreign Corrupt Practices Act. As the name of the law suggests, it covers alleged crimes committed by American companies in foreign countries.But […]
This Woman Claimed Walmart’s CEO Took Diamonds And Yachts From A Contractor
Strategy

Walmart’s Not Going To Get More Than A Fine For Bribing Officials In Mexico

[credit provider=”Mark Wilson/Getty Images”] You’re the CEO of a global, publicly traded corporation. You’ve just learned that some employees may have bribed foreign government officials to help your business get contracts.Now federal prosecutors and regulators want to see company records as part of an investigation under a law called the […]
Walmart’s Not Going To Get More Than A Fine For Bribing Officials In Mexico
News

Wal-Mart Must Pay $4.8 Million For Screwing Workers Out Of Overtime Wages

[credit provider=”By Clean Wal-Mart on Flickr” url=”http://www.flickr.com/photos/cleanwalmart/419588767/sizes/z/in/photostream/”] As if the embarrassing bribery cover-up scandal in Mexico hasn’t sparked enough bad PR for Walmart, the U.S. Department of labour has now ordered the company to pay $4.8 million in back wages and damages to around 4,500 employees who were screwed out […]
Wal-Mart Must Pay $4.8 Million For Screwing Workers Out Of Overtime Wages
News

ANGRY ADMEN: The 10 Most Bitter Personal Feuds On Madison Avenue

[credit provider=”commons.wikimedia.org” url=”http://commons.wikimedia.org/wiki/File:Boxing_at_the_2000_Olympic_games-cropped-small.jpeg”] It’s often said that the advertising business is all about relationships. But what happens when those relationships turn sour?Here are 10 huge fights, all involving CEOs—such as WPP’s Martin Sorrell and Deutsch’s Donny Deutsch—where the hatchets remain unburied.
ANGRY ADMEN: The 10 Most Bitter Personal Feuds On Madison Avenue
Markets

Forget Costco’s New Health Plan If You Plan On Starting A Family

[credit provider=”Flickr via jae_yong” url=”http://www.flickr.com/photos/jae_yong/2683518263/”] Costco’s rapidly expanding its growing inventory of financial products. Last week, the wholesaler rolled out two new partnerships that will make mortgages and health insurance available to members. The mortgage venture seems harmless enough, but the retailer’s stab at the health insurance market raised our eyebrows.
Forget Costco’s New Health Plan If You Plan On Starting A Family
Strategy

These Shocking Statistics Should Have Kept Walmart Executives Up At Night

[credit provider=”Mark Wilson/Getty Images”] Up until this past weekend, there was a very good chance that the average New York Times business page reader had never heard of the Foreign Corrupt Practices Act. It’s the sort of law that the public ordinarily doesn’t have much reason to think about, even as it […]
These Shocking Statistics Should Have Kept Walmart Executives Up At Night
News

Security Officer Reveals How To Get Away With Shoplifting

[credit provider=”Mahalie Stackpole on Flickr ” url=”http://www.flickr.com/photos/mahalie/416984595/”] A loss prevention agent’s job is to keep people from shoplifting, often incognito.  A professional at a “major, Wal-Mart style retail chain,” recently took to Reddit to share secrets of the trade, including the easiest way to steal.[Note: Reddit’s Ask Me Anything series […]
Security Officer Reveals How To Get Away With Shoplifting
News

Top Republican Says Obama Is Running The ‘Most Corrupt Government In History’

[credit provider=”Bloomberg TV/screencap”] Darrell Issa is back to saying that President Barack Obama is running the “most corrupt government in history.”Issa appeared on Bloomberg TV earlier today, when he was asked what role Congress would play in investigating the Walmart bribery scandal. He said it had some role to review […]
Top Republican Says Obama Is Running The ‘Most Corrupt Government In History’
News

Former Walmart Mexico Chief Eduardo Castro-Wright Resigns From MetLife Board

[credit provider=”kosmix2011″ url=”http://www.youtube.com/watch?v=03s-tQl8uJM”] MetLife board member Eduardo Castro-Wright has resigned from the company’s board, according to a release.According to Businessweek, he was “the driving force behind years of bribery” at Wal-Mart’s Mexican unit and had become a “distraction.”
Former Walmart Mexico Chief Eduardo Castro-Wright Resigns From MetLife Board
News

REPORT: Department Of Justice Opens Probe In Walmart Bribery Allegations

[credit provider=”AP Images”] Bloomberg is reporting the Department of Justice has opened a probe into bribery allegations exposed over the weekend by the New York Times.David Welch, Thom Weidlich and Seth Stern report that federal investigators are looking into whether the retail giant violated the Foreign Corrupt Practices Act by […]
REPORT: Department Of Justice Opens Probe In Walmart Bribery Allegations
Markets

DEUTSCHE BANK: 5 Reasons This Walmart Scandal Is A Big Freaking Deal

[credit provider=”Flickr / Walmart Stores” url=”http://www.flickr.com/photos/walmartcorporate/5684881640/in/photostream/”] Walmart shares are are diving more than four per cent after The New York Times reported on massive bribery allegations in Mexico.Already analysts out of Citi have said that The Times report would have a muted impact on the stock, and ended up raising their […]
DEUTSCHE BANK: 5 Reasons This Walmart Scandal Is A Big Freaking Deal
Markets

CITI: Ignore Walmart Headlines And Buy On Weakness

[credit provider=”Flickr / Walmart Stores” url=”http://www.flickr.com/photos/walmartcorporate/5684720360/in/photostream/”] Walmart is getting crushed today by bad press related to an alleged Mexican bribery scandal.However, Citi analyst Deborah Weinswig isn’t too worried just yet.
CITI: Ignore Walmart Headlines And Buy On Weakness
News

DEAR WALMART: If The Bribery Story Is True, You Need To Fire Your CEO

[credit provider=”AP Images”] Walmart’s stock is getting hammered following allegations that the company engaged in systematic bribery in Mexico for several years and then covered it up.If true, the allegations are a huge black eye for the global retailing leader, which prides itself on its reputation for integrity and transparency.
DEAR WALMART: If The Bribery Story Is True, You Need To Fire Your CEO
Markets

These 10 Hedge Funds Are Getting Slammed On Wal-Mart This Morning

[credit provider=”Milken Institute” url=”http://www.milkeninstitute.org/events/gcprogram.taf?function=detail&EvID=2818&eventid=GC11″] Everyone is talking about the New York Times’ report about how Wal-Mart’s Mexican subsidiary (Wal-Mart del Mexico) was involved in an illegal bribery in the country.Of course, that violates U.S. laws against bribing foreign governments.  And what’s more is the report alleges an internal investigation was […]
These 10 Hedge Funds Are Getting Slammed On Wal-Mart This Morning
Strategy

Walmart Responds To NYT Article: Internal Investigation Is Ongoing, But In Big Companies ‘Sometimes Issues Arise’

[credit provider=”El Ángel Exterminador” url=”http://www.flickr.com/photos/mulucmx/3834810425/sizes/l/in/photostream/”] Responding to a New York Times investigation that its Mexican subsidiary allegedly bribed local officials, Walmart spokesman David Tovar said the company is actively investigating decisions that may have violated the Foreign Corrupt Practices Act.”The investigation is ongoing and we don’t have a full explanation […]
Walmart Responds To NYT Article: Internal Investigation Is Ongoing, But In Big Companies ‘Sometimes Issues Arise’
Strategy

Wal-Mart Has A Massive Mexican Bribery Scandal On Its Hands

[credit provider=”K2 images / Shutterstock.com” url=”http://www.shutterstock.com/gallery-269047p1.html?cr=00&pl=edit-00″] NEW YORK (AP) — Wal-Mart Stores Inc. hushed up a vast bribery campaign that top executives of its Mexican subsidiary carried out to build stores across that country, according to a published report.The New York Times reported Saturday that Wal-Mart failed to notify law […]
Wal-Mart Has A Massive Mexican Bribery Scandal On Its Hands
Markets

Amazon Blows Walmart Out Of The Water On Value Survey

[credit provider=”Flickr / StephenMcleod” url=”http://www.flickr.com/photos/greenboy/6195653406/in/photostream/”] Low-income Internet shoppers vastly prefer the world’s largest online retailer to the world’s largest bricks-and-mortar chain, finds new research by BrandIndex. Perceived as offering a better bang for their buck, adults 18+ earning $50,000 or less per year said they prefer Amazon’s online convenience to Walmart’s in-store experience, […]
Amazon Blows Walmart Out Of The Water On Value Survey
Strategy

This Is How Badly iPhone Games Are Destroying Toys ‘R’ Us

[credit provider=”Tony Sprackett on Flickr ” url=”http://www.flickr.com/photos/sprackett/4987523848/”] Toys ‘R’ Us may have missed its opportunity to go public.Video game sales have tanked ever since kids have told their parents they prefer iPhones and iPads, according to Stephanie Clifford and Peter Lattman at the New York Times.
This Is How Badly iPhone Games Are Destroying Toys ‘R’ Us
Strategy

There’s Another Starbucks-Owned Coffee Brand That’s Preparing To Blanket America

[credit provider=”By janine1968 on Flickr” url=”http://www.flickr.com/photos/janine1968/5631244291/sizes/l/in/photostream/”] Starbucks is just about everywhere in America. Now, it has big plans for one of its other brands too.Bought by Starbucks in 2003, Seattle’s Best Coffee took a big hit when Borders Bookstores went out of business. It lost nearly 475 stores after the liquidation, and […]
There’s Another Starbucks-Owned Coffee Brand That’s Preparing To Blanket America
Strategy

How The Once-Biggest Discount Retail Brand In America Turned Into Trash

[credit provider=”By daysofthundr46 on Flickr” url=”http://www.flickr.com/photos/[email protected]/6934416479/sizes/l/in/photostream/”] As Walmart and Target have prospered, once-mighty Kmart is now fighting for its life. The brand has been a train wreck since its heyday decades ago. Things were looking up for Kmart when Sears bought the brand, but it has still remained in the gutter with […]
How The Once-Biggest Discount Retail Brand In America Turned Into Trash
Tech

You Can Buy The New iPad At Walmart At Midnight TONIGHT

[credit provider=”Iknownowforsure” url=”http://www.flickr.com/photos/iknownowforsure/400900397/sizes/m/in/photostream/”] Why bother waste your time at the Apple store ’till 8 a.m. when you can get a new iPad at Walmart tonight?The mega-retailer has confirmed it will begin selling the new iPad at 12:01 local time on March 16.
You Can Buy The New iPad At Walmart At Midnight TONIGHT
News

No, Walmart Should NOT Pay Workers More — They Pay Them Plenty Already

[credit provider=”Walmart” url=”http://walmartstores.com/pressroom/Photos/Gallery.aspx?id=440″] Business Insider editor Henry Blodget is a smart guy with many great ideas, but using Walmart, McDonald’s, and Starbucks as whipping boys for the decline of the middle class isn’t one of them. Blodget argues that these large companies are getting rich on the backs of their […]
No, Walmart Should NOT Pay Workers More — They Pay Them Plenty Already