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....In a “code clarification” document published this week, the Groceries Code Adjudicator (GCA), said it had not decided to launch a formal investigation into Asda’s behaviour or issue a fine. However the regulator, which oversees a government-backed industry code of practice, said a review had found that the Walmart-owned chain had breached “the overarching principle of fair dealing” in the code with conversations “designed to carry an implication of detriment if any supplier declined to agree” to its demands. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 06:29:45 PM
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....”. Analysts say the company’s large network of shops are an expensive burden at a time when online giants Amazon and Walmart are discounting toys to steal their shoppers. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 07:35:56 AM
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....The shift in retail power was compared with the automotive industry, where the electric car maker Tesla sped ahead of the 114-year-old Ford Motor Company in April to become the US’s biggest car manufacturer. Similarly, the online retailer Amazon is now worth twice as much as Walmart, after overtaking the American grocery chain in 2015. ... [Read full article on Guardian ]
Wednesday 30th of August 2017 11:26:35 AM
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.... It’s sizeable physical presence has become an issue in the age of internet shopping. Toys R Us has nearly 900 stores in the US – and another 600 in overseas markets including the UK – which analysts say are an expensive burden at a time when Amazon and Walmart are discounting toys to steal their shoppers. ... [Read full article on Guardian ]
Saturday 16th of September 2017 11:04:25 PM
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.... She said she had purchased 6lb of apples instead of four. “I think they want to make it more Walmart,” she ventured, referring to the nation’s largest food retailer, typically found in suburban locations. ... [Read full article on Guardian ]
Monday 28th of August 2017 04:16:46 PM
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....Asda has axed nearly 300 jobs at its head office as part of a cost-cutting drive at the supermarket. The grocer, which is owned by Walmart, informed 288 affected staff about the cull on Wednesday afternoon, instructing all of those workers to leave their posts immediately. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 06:39:09 PM
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Latest Finance News related to Walmart

Toys R Us files for bankruptcy in US and Canada image
Source : Guardian [Read Article] Tuesday 19th of September 2017 07:35:56 AM
....”. Analysts say the company’s large network of shops are an expensive burden at a time when online giants Amazon and Walmart are discounting toys to steal their shoppers. ...
Crisis in Toyland: how the shift online places our childhood favourites in peril image
.... It’s sizeable physical presence has become an issue in the age of internet shopping. Toys R Us has nearly 900 stores in the US – and another 600 in overseas markets including the UK – which analysts say are an expensive burden at a time when Amazon and Walmart are discounting toys to steal their shoppers. ...
Asda cuts nearly 300 jobs at its head office as part of cost-saving effort image
Source : Guardian [Read Article] Wednesday 6th of September 2017 06:39:09 PM
....Asda has axed nearly 300 jobs at its head office as part of a cost-cutting drive at the supermarket. The grocer, which is owned by Walmart, informed 288 affected staff about the cull on Wednesday afternoon, instructing all of those workers to leave their posts immediately. ...
Asda forced to repay suppliers after breaching fair dealing code image
Source : Guardian [Read Article] Tuesday 5th of September 2017 06:29:45 PM
....In a “code clarification” document published this week, the Groceries Code Adjudicator (GCA), said it had not decided to launch a formal investigation into Asda’s behaviour or issue a fine. However the regulator, which oversees a government-backed industry code of practice, said a review had found that the Walmart-owned chain had breached “the overarching principle of fair dealing” in the code with conversations “designed to carry an implication of detriment if any supplier declined to agree” to its demands. ...
Asos poised to overtake M&S in 'seminal moment' for UK fashion image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:26:35 AM
....The shift in retail power was compared with the automotive industry, where the electric car maker Tesla sped ahead of the 114-year-old Ford Motor Company in April to become the US’s biggest car manufacturer. Similarly, the online retailer Amazon is now worth twice as much as Walmart, after overtaking the American grocery chain in 2015. ...
Amazon's tech-style takeover of Whole Foods: cheaper produce and 'farm fresh' Echos image
.... She said she had purchased 6lb of apples instead of four. “I think they want to make it more Walmart,” she ventured, referring to the nation’s largest food retailer, typically found in suburban locations. ...
Whole Foods price cuts are at center of Amazon-Walmart online war image
Source : Guardian [Read Article] Thursday 24th of August 2017 09:38:51 PM
. Amazon has set the stage for a price war with retail giant Walmart as it signaled a wave of price cuts at Whole Foods, the grocery chain it acquired for $13. ...
Bunnings beware: the Homebase revolution is failing to shape up image
Source : Guardian [Read Article] Thursday 17th of August 2017 06:45:27 PM
.... The blurring of the lines confuses matters, which is presumably the intention. Lucky old Asda got a visit in June from its big boss – the Walmart president and chief executive, Doug McMillon – and now it has received a pat on the head. ...
Asda returns to sales growth thanks to price cuts and inflation image
Source : Guardian [Read Article] Thursday 17th of August 2017 12:17:23 PM
....8% in the three months to the end of June partly thanks to a boost from Easter trading. While Asda flagged its strategy of cutting prices on key items, a return to grocery price inflation spurred by the fall in the value of sterling is also likely to have helped the chain, owned by US retailer Walmart. ...
Gloom for Asda as it posts worst results this century image
Source : Guardian [Read Article] Sunday 13th of August 2017 06:00:06 AM
....The struggling supermarket chain has begun a consultation with more than 3,000 staff over possible redundancies or a dramatic reduction in working hours. Asda is looking to cut costs after reporting its worst full-year results since it was taken over by US giant Walmart in 1999, with profits falling 19% to £791. ...
Wilko warns nearly 4,000 staff could lose jobs image
Source : Guardian [Read Article] Friday 11th of August 2017 12:06:40 PM
.... The eventual job-loss figure is expected to be in the hundreds. Asda recently posted its worst annual figures since being taken over by Walmart in 1999, as fierce competition in the UK supermarket sector took its toll. ...
Thousands of Asda workers face redundancy or reduced hours image
Source : Guardian [Read Article] Thursday 10th of August 2017 12:08:18 PM
.... The eventual job-loss figure is expected to be in the hundreds. Last week Asda posted its worst annual figures since being taken over by Walmart in 1999, as fierce competition in the UK supermarket sector took its toll. ...
British cycling brand Rapha sold to Walmart heirs for £200m image
Source : Guardian [Read Article] Monday 7th of August 2017 06:05:09 PM
. British upmarket cycling brand Rapha has been sold to two heirs of the Walmart dynasty for £200m. ...
Asda posts worst annual figures since Walmart takeover image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 01:21:34 PM
. Asda has posted its worst annual figures since being taken over by the American grocer Walmart, as fierce competition in the UK supermarket sector took its toll. ...
Why bitcoin and its digital cousins are under increasing scrutiny image
Source : Guardian [Read Article] Monday 31st of July 2017 03:54:14 PM
.... Supercharged increases in the value of bitcoin and ethereum, the two largest digital currencies, have recently driven the total value of cryptocurrencies to more than $100bn. Certainly, they are becoming more acceptable as money: consumers can buy a Dell computer with bitcoin and gift card businesses in the US accept bitcoin, which can then be used at big retailers such as Walmart, Amazon and Nike. ...
Donald Trump's tax cuts for the rich won't make America great again | Joseph Stiglitz image
.... To Trump’s team, this is collateral damage, the inevitable price that must be paid to give America’s plutocrats more money. But retailers such as Walmart, not just its customers, are part of the collateral damage, too. ...
Asda considers bid for B&M that would give it access to local stores image
Source : Guardian [Read Article] Sunday 23rd of July 2017 04:11:01 PM
.... Asda, the third-biggest supermarket chain in Britain, has seen sales dwindle in the past three years and could use the 500 B&M stores as a further outlet for products such as its George clothing range. Walmart-owned Asda refused to deny or confirm reports that it was in the early stages of assessing a bid for B&M, which opened its first store in 1978 but has rapidly expanded in Britain’s years of austerity. ...
Ocado's self-drive vehicle makes deliveries in first UK trials image
Source : Guardian [Read Article] Tuesday 27th of June 2017 04:02:30 PM
....Ocado has sent a self-driving truck trundling through the backstreets of Woolwich, south-east London, as part of the UK’s first trial of autonomous grocery deliveries. The small vehicle, developed by Oxford-based Oxbotica, is spending 10 days delivering food and snacks to Ocado customers who live in the area, to test Ocado’s plans for its “Smart Platform” – a plug-and-play online shopping business that it wants to sell to grocery retailers around the world who hope to compete with the likes of Amazon and Walmart. ...
Asda is named worst supermarket in treatment of suppliers image
Source : Guardian [Read Article] Monday 26th of June 2017 05:49:44 PM
.... It dropped below Morrisons, which was bottom of the list last year, as the Bradford-based chain took action to improve its performance according to a survey of more than 1,200 grocery suppliers by the industry watchdog. About 12% of Asda’s suppliers said the Walmart-owned chain rarely or never complied with the Grocery Supply Code of Practice, which covers dealings by 10 retailers that sell over £1bn of groceries a year. ...
Amazon to buy Whole Foods Market in $13.7bn deal image
Source : Guardian [Read Article] Friday 16th of June 2017 01:26:19 PM
.... The online retailer’s founder and chief executive, Jeff Bezos, is close to overtaking Bill Gates as the richest person in the world. Walmart’s shares dived 6%, wiping about $13bn off the value of the world’s biggest retailer as the deal ramped up pressure on traditional chains already hit by a rapid change in shopping habits. ...
Taming the giants image
Source : BBC [Read Article] Thursday 8th of June 2017 11:38:02 PM
Walmart asking staff to deliver online orders on their way home image
Source : Guardian [Read Article] Friday 2nd of June 2017 06:36:59 PM
. US supermarket giant Walmart is asking employees to deliver online orders to customers on their way home from work in an attempt to close the gap with rival Amazon. ...
Paris climate deal: US firms criticise Trump move image
Source : BBC [Read Article] Thursday 1st of June 2017 10:26:59 PM
....Walt Disney chief executive Robert Iger said he too would quit an advisory role, while Goldman Sachs boss Lloyd Blankfein used his first ever tweet to condemn the move. Other big firms, including Morgan Stanley, PepsiCo and Walmart, and major tech firms such as Apple and Google, issued statements on Thursday with several reaffirming their own commitments to protect the environment. ...
Selling up or selling out? image
Source : BBC [Read Article] Wednesday 31st of May 2017 11:18:14 PM
.... But in a small percentage of cases it can create bad publicity because the firms involved are "so contradictory". This happened when retailer Walmart acquired the trendy US online fashion firm ModCloth in March. ...
Whole Foods represents the failures of 'conscious capitalism' | Nicole Aschoff image
.... Free-market capitalism, according to Mackey, is actually a “beautiful”, “heroic” system that, properly harnessed, can operate “in harmony with the fundamentals of human nature” and the planet. We don’t need to rein in corporations through onerous labor and environmental regulations, he writes, because the virtuous feedback loop of honoring stakeholders plus innovation will leave “unconscious” firms such as Walmart in the dust. ...
Asda suffers 11th quarter of falling sales image
Source : BBC [Read Article] Thursday 18th of May 2017 01:49:20 PM
....It was a slight improvement on the previous quarter, but analysts warned more work was needed. By contrast, Asda's parent company, Walmart, revealed a 1. ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
. “You don’t know shit!” is a hard lesson to swallow, but it was one of the first things I learned when I started my nine-year career as a sales and inventory control associate at a Walmart in Laramie, Wyoming. ...
Hard times for Whole Foods: 'People say it's for pretentious people. I can see why' image
.... Investors are increasingly petitioning the company to move faster with reforms. An acquisition would underscore the consolidation of the US food retail industry as the sector prepares to compete against online retailers including Amazon, stores like Walmart and discount chains such as Aldi. ...
What does the business world make of Trump 100 days in? The jury is still out image
.... The brothers recently financed ads attacking a “border adjustment tax” on goods coming into the US that Trump wants to use to build his “big, beautiful wall” to keep Mexicans out (you may remember it as the one Mexico was going to pay for). The Koch’s ads claim US shoppers will end up paying for that tax in higher prices at Walmart etc. ...
As more buy clothes online, Walmart eyes a piece of the action image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:00:12 AM
. “Founded on Fit, Focused on Style, Built on Service” – that’s the retail promise offered by Bonobos, the men’s e-tailing business that’s being courted by Walmart and idolized by the garment industry as a model for reviving US retail woes. ...
Trump is reckless – but he knows he can't afford to antagonise China | Barry Eichengreen image
.... US companies not only compete with Chinese imports; they also rely heavily on them. Retailers such as Target and Walmart rely on Chinese imports to stock their shelves. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
....At Hill Road, close to Alpha Drive (a dead end, the sign informs us), protesters left a $1bn bill for William Macaulay, boss of energy investor First Reserve Corporation, and another $837m-plus bill at the guardhouse of Ray Dalio’s mansion. Dalio, boss of Bridgewater Associates – which owns bits of many of the US’s low-wage employers, including Walmart and Yum Brands, which owns Kentucky Fried Chicken and Taco Bell – lives in a gated community. ...
Google's bad week: YouTube loses millions as advertising row reaches US image
Source : Guardian [Read Article] Saturday 25th of March 2017 10:00:06 AM
....It’s been a bad week for Google, with major brands pulling millions of dollars in advertising amid rows over extremist content on YouTube. In the US, the telecom companies AT&T and Verizon, as well as the pharmaceutical company GSK, Pepsi, Walmart, Johnson & Johnson and the car rental firm Enterprise, have all pulled advertising from Google’s video-sharing platform, a contagion spreading from Europe, where a number of high-profile advertisers pulled out of YouTube following an investigation by the Times. ...
How many countries? image
Source : BBC [Read Article] Wednesday 22nd of March 2017 12:01:18 AM
....". Yet just over a decade ago, Pietra Rivoli had no problems tracking the journey of a single $6 cotton t-shirt she'd picked out of a sale bin in a Walmart in Florida. ...
Asda offers staff a pay rise for 'flexible' contract image
Source : BBC [Read Article] Monday 13th of March 2017 03:18:08 PM
...."By signing up with the Living Wage Foundation they are ensuring that all their staff will have a pay rise that meets the rising cost of living year on year," she said. Asda, which is owned by US retail giant Walmart, claims that 95% of its staff will be better off under the new deal, which will be introduced in October. ...
Trump faces formidable institutional obstacles – so what can he do? | Barry Eichengreen image
.... Others, such as treasury secretary Steven Mnuchin, are evidently sceptical. And an important part of Trump’s business constituency – import-dependent retailers like Target and Walmart – are actively hostile. ...
Asda fined £300,000 after dead mice and flies found at delivery depot image
....Spilt foodstuffs, rotting coriander and gnawed cereal and sugar packets were also discovered. Asda, a subsidiary of the US retail giant Walmart, was also ordered to pay costs of £4,843. ...
Asda imposes harsher terms on suppliers after pound's Brexit slide image
Source : Guardian [Read Article] Thursday 2nd of March 2017 10:25:36 AM
....”. Asda, owned by American giant Walmart, is one of the first retailers to tighten the screw on manufacturers after the Brexit vote. ...
Middle-aged dog walkers to lead Mountain Warehouse across US image
Source : Guardian [Read Article] Monday 27th of February 2017 09:35:52 AM
....Neil Saunders, analyst at US-based GlobalData Retail, says the US could be a lucrative market because Americans spend more on outdoor clothing than Britons. But he cautions: “The landscape is crowded with both specialist and general players [such as Walmart and Target] who have cashed in on America’s love of the outdoors. ...
Driverless trucks: economic tsunami may swallow one of most common US jobs image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:00:02 PM
.... Indeed, even those jobs that did migrate to China are now evaporating as factories there aggressively automate. Among those workers who remain employed, it has become almost cliche to complain about good, well-paying factory jobs that have degraded into far less lucrative and reliable positions at Walmart. ...
Snapchat rising: is Facebook-sized success the future for this youthful app? image
.... It’s fun, lighthearted and interactive,” she said. For example, she worked with Walmart to promote Black Friday by asking her followers to pick a present for her mother, whose birthday coincides with the annual shopping extravaganza. ...
Pokémon Go and no sign of stopping: Apple’s App Store sales boom image
Source : Guardian [Read Article] Saturday 28th of January 2017 03:59:04 PM
.... With such power, and with an effective duopoly in the app market, is there cause for concern over market control?. “I don’t think it is any more worrying than, say, dominance in the [high street] retail sector, especially for games, which comes down to just a few main players like Walmart and Tesco,” says Molyneux. ...
Tesco hails turnaround as festive sales increase image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:18:49 AM
....Asda, the UK’s third biggest supermarket chain, is expected to have had a trickier trading period. Its performance will not become clear until its parent group, Walmart, reports next month. ...
Run-DMC in $50m trademark battle image
Source : BBC [Read Article] Friday 30th of December 2016 09:42:58 AM
....7m) lawsuit accusing retailers of unlawfully using the group's name on items of clothing. Darryl "DMC" McDaniels said that products sold by Amazon, Walmart and other stores violated federal trademark and New York competition laws. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
.... In February, RBS will announce its ninth consecutive year of losses – which have already topped £50bn since its bailout. Sean ClarkeAlready six months into his role running Asda, the UK arm of US retail giant Walmart, Clarke has inherited a business that has dropped into third place out of four big UK supermarkets. ...
With Trump and Uber, the driverless future could turn into a nightmare | John Harris image
....In an act of gorgeous synchronicity with the Uber experiment, Donald Trump’s media people announced on the same day that Uber’s chief executive, Travis Kalanick – who once joked that he would move to China if Trump won the election – would be joining the president-elect’s so-called strategic and policy committee. Made up of big economic hitters from such distinctly 20th-century corporations as General Motors, Walmart, General Electric and PepsiCo – as well as Elon Musk, the space travel and electric car magnate – its brief is simple enough: as a Trump statement puts it, the people involved will be “called upon to meet with the president frequently to share their specific experience and knowledge as the president implements his plan to bring back jobs and Make America Great Again”. ...
Yahoo hack: 1bn accounts compromised by biggest data breach in history image
Source : Guardian [Read Article] Wednesday 14th of December 2016 10:25:31 PM
....Email breaches remain especially vexing to users, since they can reveal bank and family details as well as passwords that users share between systems or have received in their email accounts. Password-sharing has become so common that databases of login information are often used by hackers to test for email-and-password combinations on retailer websites like Walmart or Amazon. ...
Could Trump's chest-thumping over China trigger a trade war? image
Source : Guardian [Read Article] Saturday 10th of December 2016 10:00:11 AM
....Not all factory owners in China are worried about an upcoming trade war. “Trump’s grandstanding performances during the campaign were for publicity, but he’s a successful businessman and therefore should be very rational in his thinking,” said Sun Sijun, chief executive of Uptop Group in southern China, which exports between $150m-$200m worth of Samsonite suitcases and Walmart shoes to the US every year. ...
John Roberts of AO World: 'Businesses aren’t awake to online shopping' image
Source : Guardian [Read Article] Friday 25th of November 2016 06:55:03 PM
.... They weren’t paranoid about all the fundamentals of their business. We sometimes use examples like Kodak didn’t invent the digital camera, or Blockbuster didn’t invent Netflix, or Tesco didn’t invent Ocado, or Walmart didn’t invent Amazon. ...
Black Friday sales rush reported by retailers image
Source : BBC [Read Article] Friday 25th of November 2016 12:16:05 AM
....The institute is calling for new rules to allow people to opt out of email marketing or to set a daily spending limit in online shops. In the US, stores like Macy's, Walmart, and Target opened on Thursday evening to start the sales early amid hopes that more than 137 million shoppers will take part in the sales bonanza. ...
Britain’s housing crisis is so serious that it must be tackled now image
Source : Guardian [Read Article] Sunday 20th of November 2016 06:59:30 AM
.... But if and when Yellen is forced to remind President Trump that central bank independence is not a matter for debate, she will be in good company. Walmart-owned Asda has just revealed its ninth consecutive quarter of declining sales as German discounters Aldi and Lidl eat its breakfast, lunch and dinner. ...
Amazon v Donald Trump? Jeff Bezos may soon face his biggest challenge yet image
Source : Guardian [Read Article] Friday 18th of November 2016 07:13:20 PM
....Despite its size, Amazon still accounts for a relatively small proportion of the retail market, meaning Trump’s claims about a huge antitrust problem are dubious. Its global sales in 2015 of $107bn were dwarfed by Walmart’s $482bn. ...
Asda sales slump puts chain at bottom of UK supermarket league image
Source : Guardian [Read Article] Thursday 17th of November 2016 01:13:32 PM
....Asda has reported a near 6% fall in sales at established stores, confirming its position as the worst performing major UK supermarket. Sales at the Walmart-owned chain’s established stores dropped by 5. ...
Asda sales tumble in third quarter image
Source : BBC [Read Article] Thursday 17th of November 2016 12:47:41 PM
.... . Asda, which is owned by US retail giant Walmart, is battling to retain its place in a fiercely competitive market amid more store openings from German discounters Lidl and Aldi. ...
Martin Shkreli: I'm not upset about HIV drug hike; it was 'woefully underpriced' image
.... “But I’m not gonna do it at the expense of a human life. “We sell our drugs for a dollar to the government, but we sell our drugs for $750 a pill to Walmart, to Exxon Mobil, to all these big companies, they pay full price because fuck them, why shouldn’t they? If I take their money to do research for dying kids, I think I’m a hero, let alone evil. ...
From Royal Mail to Asda – company schemes that give workers a share image
Source : Guardian [Read Article] Saturday 15th of October 2016 06:01:07 AM
....Meanwhile, supermarket giant Asda this week revealed that its share ownership schemes have effectively delivered more than £750m for staff since the first one was launched in 1982. More than 22,800 Asda employees took part in the company’s Save As You Earn (SAYE) scheme which matured in July this year, giving them the chance to buy shares in the company’s American owner Walmart for a knockdown £37. ...
Asda faces £100m equal pay battle with shopfloor staff image
Source : Guardian [Read Article] Friday 14th of October 2016 02:13:20 PM
.... They claim that this historical discrimination has never been corrected by the firm. The Walmart-owned retailer argued the roles could not be compared because they were carried out in different locations. ...
Tesco shares jump as sales continue to recover image
Source : BBC [Read Article] Wednesday 5th of October 2016 06:22:53 AM
....Jasper Lawler from CMC Markets said: "Tesco has invested heavily in reducing prices in the last two years, and has gradually reduced its customer exodus to the discounters Aldi and Lidl. "Both the German chains are still rapidly gaining market share but less of it is coming from Tesco, with Walmart-owned Asda notably falling out of favour. ...
Breaking down bonds image
Source : BBC [Read Article] Tuesday 13th of September 2016 09:33:43 AM
....As part of its latest QE programme, the Bank of England plans to buy up to £10bn worth of corporate bonds - that's debts originally issued by companies, including some overseas firms that make what the Bank considers to be a "material contribution to the UK economy". The Bank says bonds issued by Apple, McDonald's and Walmart will be eligible. ...
Morrisons to slash food prices by up to 12% image
Source : Guardian [Read Article] Sunday 4th of September 2016 10:22:25 AM
.... Sainsbury’s and Tesco have also cut prices on basics as they try to stem the loss of customers to the German chains. Industry analysts have suggested that Asda, the Walmart-owned supermarket, could also be planning major price cuts. ...
Walmart plans to cut 7,000 jobs image
Source : BBC [Read Article] Thursday 1st of September 2016 05:58:12 PM
. Walmart, the US supermarket chain, plans to cut 7,000 back office and accounting jobs in its US stores. ...
Asda has worst quarterly sales drop blaming food deflation image
Source : BBC [Read Article] Thursday 18th of August 2016 12:11:18 PM
....5% in the past three months, its worst quarterly performance on record. Walmart chief executive Doug McMillon blamed the dip on food deflation and "the competitive environment". ...
Jobs at risk image
Source : BBC [Read Article] Tuesday 16th of August 2016 11:08:07 PM
.... . Many major global retail brands, such as H&M, Walmart, Gap and Marks & Spencer, buy their clothes from Bangladesh. ...
Walmart to buy Jet.com for $3.3bn image
Source : BBC [Read Article] Monday 8th of August 2016 02:29:15 PM
. Walmart has announced plans to buy e-commerce site Jet. ...

Bad dogs crash car into store as woman goes shopping 
 image
Source : Telegraph [Read Article] Monday 1st of August 2016 10:16:13 AM
....A witness told local news channel WSAZ about the moment she realised the driver was actually a canine and the car was heading right towards her. At first, she thought it was a friend playing a joke but managed to get out of the way as the vehicle crashed into a Walmart store. ...

‘Someday a woman will be president’: Why a T-shirt controversy from 1995 has gone viral
 image
.... . In 1995 Walmart pulled "Someday a woman will be president" T-shirt from shelves, saying it offended "family values. ...
Walmart’s China boss to replace Asda chief Andy Clarke image
Source : Daily Express [Read Article] Tuesday 14th of June 2016 07:30:00 AM
. Its US owner, retail giant Walmart, has turned to the head of its Chinese business, Sean Clarke, to lead a turnaround of the UK’s third biggest supermarket, which has suffered seven straight quarters of declining underlying sales. ...
Grumbling Green needs to understand he's not dealing with a legal process image
.... The bald facts for Green should be very simple: you’re a British citizen and MPs wish to ask you legitimate questions, saying no is not an option. Once upon a time, Walmart used to boast about its pride in owning Asda, citing the many trading ideas it had re-imported back to the US. ...
Asda boss departure reveals sweeping change among supermarkets image
Source : Guardian [Read Article] Monday 13th of June 2016 06:21:57 PM
....7%. Judging Asda’s performance is difficult because it is part of Walmart, the biggest retailer in the world, rather than a separate listed entity such as Tesco or Sainsbury’s. ...
Asda replaces CEO with Walmart's China chief image
Source : Guardian [Read Article] Monday 13th of June 2016 11:11:27 AM
....Asda has replaced its chief executive in an attempt to reverse a long run of falling sales at the supermarket amid intense competition between food retailers. Walmart, Asda’s US owner, said Andy Clarke will be replaced by Sean Clarke, a former Asda employee who most recently ran Walmart’s Chinese business. ...
Walmart Canada to stop accepting Visa cards image
Source : Guardian [Read Article] Sunday 12th of June 2016 12:54:48 AM
. Walmart Canada stores will stop accepting Visa cards, claiming the credit card provider charges merchants “unacceptably high” fees. ...
City News: British Retail Consortium, Asda, Co-op, Parkdean Resorts image
Source : Daily Express [Read Article] Tuesday 7th of June 2016 08:07:00 AM
....Burnley was poached last October from Sainsbury's but his contract prevented him from joining Asda for a year. Asda's sales have been squeezed by the emergence of German chains Lidl and Aldi while its "big four" rivals have shown signs of recovery Parent company Walmart's international chief David Cheesewright said it was "very disappointed" by Asda's performance. ...
Elizabeth Holmes's fall from hero to zero highlights problems of rich lists image
....Every summer the magazine offers up rankings of the rich for our perusal, sliced and diced for our voyeuristic delectation. There’s the Big List (the richest 400 Americans, in aggregate), and the wealthiest self-made Americans (winnowing out all those who inherited their loot, like Walmart’s Walton family). ...
A rise in US interest rates may come sooner than we thought image
Source : Guardian [Read Article] Thursday 19th of May 2016 06:21:43 PM
.... Good luck with that, but you can’t blame investors for feeling they’ll believe it when they see it. One theory holds that Asda’s sales are so weak that it’s only a matter of time before US parent Walmart orders its UK off-shoot to launch a price war to combat the discount menace of Aldi and Lidl. ...
Asda sales fall for seventh quarter in a row image
Source : Guardian [Read Article] Thursday 19th of May 2016 12:39:05 PM
....7% in the first three months of 2016. The supermarket chain’s American parent company, Walmart, admitted that price cuts had failed to stop customers defecting to rivals such as the discounters Aldi and Lidl. ...
Tampon tax: supermarkets pledge to pass on tax saving image
Source : Guardian [Read Article] Sunday 15th of May 2016 01:13:50 PM
....”. Writing on behalf of Asda’s chief executive, Andy Clarke, the senior director for corporate affairs, Chris Lowe, told Sherriff that abolishing the tax is a policy that the Walmart-owned supermarket “has long campaigned for and was the top action our Asda mums said they would like the government to take”. ...

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