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Tag: Walmart

Retail Asia14/02/2019
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Living

Ikea services foray boosts loyalty and sales

4min0
Ikea is turning to services to increase turnover and boost engagement with customers. Moreover, partnering with specialist companies in such areas as delivery and assembly allow it to focus on product design and sales, leaving post-checkout experiences in the hands of specialists, rather than committing its own staff and training resources. An example of the […]
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Retail Asia07/02/2019
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E-Tailing

Optimistic about Indian market despite changes in new FDI policy: Walmart

3min0
US retail major Walmart, which invested $16 billion in Flipkart, Wednesday said it is committed to the Indian market and is optimistic despite recent changes in the FDI policy for e-commerce firms in the country, according to a PTI report. The Bentonville-based retailing major’s statement came after a recent report by global consultancy firm Morgan Stanley, which had hinted that Walmart may […]
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Retail Asia06/02/2019
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E-Tailing

Walmart may exit Flipkart due to new FDI rules: Morgan Stanley

3min0
Retail giant Walmart may exit Flipkart after India’s new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned. “An exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated,” the report by Morgan Stanley said late Monday. According to the report, Walmart-Flikkart saga might turn […]
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Retail Asia04/02/2019
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E-Tailing

Behind Amazon’s 63 per cent income rise

5min0
The latest Amazon results are positive – but there is now a clear divergence in performance between the top and bottom lines. On the profit front, Amazon’s results are impressive. Net income increased by 63.1 per cent and operating income by 78 per cent. Much of this is coming from the AWS segment, where income […]
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Retail Asia28/01/2019
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General

Reliance Retail is 94th on Deloitte’s top retailer list

4min0
The global retailing industry saw a record growth in revenue in 2017 with the top 250 companies increasing their revenue by over 83 percent, according to a latest report by a professional services multinational that said Reliance Retail was the only Indian company in the list. The Deloitte’s ‘Global Powers of Retailing 2019’ said that with the fast […]
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Retail Asia24/01/2019
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E-Tailing

India’s Reliance to take on Walmart and Amazon online

1min0
South Asia’s richest man Mukesh Ambani is establishing an e-commerce platform to compete with Walmart and Amazon in India. The Reliance Industries chairman will roll out services in Gujarat before extending them nationwide. “Jio and Reliance Retail will launch a unique new commerce platform to empower and enrich our 1.2 million small retailers and shopkeepers […]
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Retail Asia22/01/2019
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E-Tailing

Flipkart secures more funding to face competition

1min0
Indian e-commerce firm Flipkart has received US$201 million funding for its wholesale business from its Singapore-incorporated parent. The investment comes during a period of intensifying competition between the firm and its Amazon-backed competitor in a market estimated to be worth $18 billion. It signals a prioritising of sales growth by the retailer since its acquisition […]
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Retail Asia17/01/2019
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Living

Walmart China to boost offline, online integration

1min0
Walmart China has pledged to further its online/offline integration strategy with increased focus on fresh food distribution, private brands and membership services. The firm’s president and CEO Tan Wern-Yuen said the business will focus on “consolidating its upstream resources and to further improve product quality”. The firm is set to invest more than RMB700 million […]
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Retail Asia20/12/2018
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Startups

After Flipkart, Walmart eyes another Indian startup that specialises in AI

2min0
Walmart Labs India, the local product development division of US retail giant Walmart, last week announced it would hire key tech team from Artificial Intelligence (AI) and data analytics start-up Int.ai — its second acqui-hiring in the country within three months. Three engineers — including co-founders Vinay Kumar NP and Praneeth Doguparthy — from Int.ai will join Walmart […]
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Retail Asia10/12/2018
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E-Tailing

Macy’s, Tmall contract completely over

3min0
Macy’s China stopped taking orders on Tmall this week and will close its operations by the end of the month. The US department store business said it chose not to renew the contract with Alibaba’s Tmall which ends on December 31. “We sincerely thank you for your support and love of Macy’s, and we will […]
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Retail Asia19/11/2018
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General

Walmart sales goes back on track

2min0
US retailer Walmart has reported a 4.7 per cent increase in operating income in the third quarter to US$4.98 billion, and a 3.4 per cent increase in year-on-year comparable sales. Walmart sales for the period reached US$124.9 billion, an increase of 1.4 per cent. “We have momentum in the business as we execute our plan […]
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Retail Asia16/11/2018
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E-Tailing

What is the hot new “Boundaryless Retail” trend?

2min0
Chinese consumers are quickly adapting to buying groceries online for immediate delivery from local offline stores, according to a new joint study conducted by JD, Walmart, Tencent and JD Daojia. In China, where over 15% of consumption takes place online, compared to just 9% in the US, consumers have been faster to embrace online grocery shopping. Over […]
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Retail Asia07/11/2018
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E-Tailing

Flipkart, Amazon see bumper in India festive sale

3min0
With festive sales drawing to a close, e-tailing giants Amazon and Flipkart have claimed bumper sale on their platforms, and that they were ahead of the competition, as they received orders from customers from over 99 percent of the pin codes in the country. According to a report: Citing a survey by Kantar IMRB and other reports, Amazon India […]
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Retail Asia05/11/2018
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E-Tailing

Rakuten and Seiyu to partner in online grocery service

1min0
Japanese online retail company Rakuten is partnering with Walmart-owned supermarket Seiyu to launch an online grocery service. Spokespeople from the companies say about 20,000 products will be available on the site, drawn from the Seiyu range, including fresh food. Orders will be fulfilled from stores, restricting the service – for now – to about 16 […]
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Retail Asia27/09/2018
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Food

Walmart Canada launches grocery delivery in Metro Vancouver with Food-X

5min0
Walmart Canada has announced the launch of sustainable grocery delivery for Metro Vancouver consumers in collaboration with Sustainable Produce Urban Delivery (SPUD)’s food delivery platform, Food-X Urban Delivery (Food-X). Metro Vancouver residents can now shop on walmart.ca/grocery or via the Walmart app and have their grocery orders delivered to their door by Food-X. Food-X helps Walmart with home delivery through shared […]
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