Walmart

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Retail Asia25/09/2018

Samara Capital, a private equity company, has teamed with Amazon to buy Indian grocery retailer More from Aditya Birla Retail. While the value of the deal has not been disclosed, it is reported a person close to the transaction putting it at around ₹4,200 crore (US$584 million). It is believed Amazon’s stake in the business will […]

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Retail Asia24/09/2018

Walmart India, the wholly-owned subsidiary of Walmart Inc, Saturday announced the opening of its 22nd business-to-business Cash and Carry store in the country, making it the second Best Price Modern Wholesale store in Ludhiana and the sixth in Punjab. The new store simultaneously got integrated with the B2B e-commerce platform, making it the 22nd Best Price store to […]

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Retail Asia13/09/2018

Walmart Scan & Go use in China has broken through the 10 million-users barrier, the first mini-program in the retail industry to reach such a broad user base. Since launching last April, Walmart Scan & Go – which allows customers to scan their own items and complete payment on their mobile phones for in-store purchases […]

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Retail Asia06/09/2018

When it comes to toys, Walmart is not playing around. Walmart has unboxed its plans for America’s Best Toy Shop: its destination for kids’ favorite products – toys! – in its stores and on Walmart.com. Walmart’s toy aisles are set to offer the best toys at the best prices along with more fun for everyone than ever before. Starting Thursday, […]

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Retail Asia04/09/2018

Walmart is learning a tough lesson in the challenges of expanding its business into a premium category after a dispute with upmarket outdoor-wear brand Black Diamond. The dispute is rooted in the US retail giant’s acquisition of outdoor gear retailer Moosejaw for $51 million. Walmart thought the acquisition would help it reach a new customer […]

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Retail Asia17/08/2018

Japanese discount retailer Don Quijote says it wants to buy Walmart’s Seiyu department store business in Japan. But Walmart still claims it is not for sale. Despite widely published reports, that Walmart was approaching potential buyers for the unit, the US company denies it is selling up and moving out of Japan. A Walmart spokesperson said that the company […]

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Retail Asia24/07/2018

US retail major Walmart will open six more stores in Uttar Pradesh soon, taking the number of such outlets to ten, a top company official said. “We have four stores at present – two in Agra, and one each in Meerut and Lucknow,” Krish Iyer, President and CEO of Walmart said. According to a PTI report: He was […]

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Retail Asia18/07/2018

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Aiming to make shopping faster and easier for millions of customers, cash-and-carry major Walmart on Tuesday announced a five-year strategic partnership with Microsoft. Already using Microsoft services for critical applications and workloads, Walmart will now embark on a broad set of Cloud innovation projects that leverage Machine Learning (ML), Artificial Intelligence (AI) and data platform solutions for […]

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Retail Asia13/07/2018

U.S. retailer Walmart Inc (WMT.N) has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds. If realized, the sale could amount to around 300 billion to 500 billion yen ($2.7 billion to $4.5 billion), the Nikkei said, without citing its sources. Walmart said it does not comment […]

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Retail Asia03/07/2018

US retail major Walmart is now getting nearly half of its business through non-store or out-of-store sales channels, which include B2B e-commerce, associates’ driven sales and call centres, a company official has said. According to a report: While, the rest half of its business still comes through in-store walk-ins, where its members visit its stores […]

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Retail Asia26/06/2018

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Walmart is to test a new Sam’s Club concept which is less than a quarter the size of the current model. Stewart Samuel, program director at IGD Canada, says a typical Sam’s Club outlet in North America is 134,000sqft. But the new store opening in Dallas is just 32,000sqft. “This will be a new test […]

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Retail Asia22/06/2018

JD has developed a partnership with Chinese retailer Better Life as part of its Retail as a Service strategy. The cooperation will further speed up delivery for mainland customers and integrates inventory across the two retailers by using technology to identify the most efficient way to source orders on JD.com, whether from JD’s own warehouses, […]

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Retail Asia25/05/2018

Top executives of Walmart India and Flipkart on Wednesday met fair trade regulator CCI to explain their activities in the country, days after submitting an application seeking approval for their $16-billion mega merger deal. While there was no official word on the meeting, sources said it was a “courtesy call” by the executives of the […]

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Retail Asia21/05/2018

A new website has delivered a rebound in e-commerce sales for the world’s largest retailer Walmart, but falling margins have crimped first quarter earnings, with operating income down four per cent on a constant currency basis. Delivering its figures for the 13-weeks ended 28 April in the US overnight, Walmart said price cuts and higher […]

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Retail Asia08/05/2018

Walmart may have secured a key victory over Amazon in India, with reports surfacing that the board of Flipkart Online services, one of the fast-growing nation’s largest retail platforms, has approved a deal to sell 75 per cent of the company to the grocery giant for around US$15 billion. Citing sources familiar with the deal […]

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Retail Asia19/04/2018

The world’s largest retailer Walmart has unveiled a complete redesign of its North American e-commerce platform to deliver a more local and personalised experience for shoppers. The new website, which is now live, sports a completely redesigned look and feel, as well as several new features, including specialty shopping experiences. The move comes after Walmart […]

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Retail Asia03/04/2018

Walmart China has deepened its omni-channel retail model with the opening of its first small-format Walmart Supermarket. In Shenzhen’s Bao’an district, the store delivers an integrated online/offline experience, with an emphasis on fresh foods, fast delivery and convenience. “Retail and lifestyle are closely linked,” says Walmart China hypermarket senior VP/COO Elliot Dickson. “Walmart is proud […]

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Retail Asia22/03/2018

Failing US president Donald Trump is facing widespread backlash from US retailers and brands over his intention to trigger a trade war with China and other nations. Just days after announcing tariffs on steel imports against the advice of officials, lawmakers and industry, Trump is now believed to be formulating sweeping tariffs on imported goods […]

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Retail Asia05/03/2018

the wholesale arm of the country’s largest e-commerce company, has received almost Rs 4,500 crore in what is one of the largest capital infusions for the entity, as per latest regulatory filing at the Registrar of Companies (RoC). This large investment in to the wholesale arm from its parent indicates the aggressive plans that Flipkart has charted […]

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Retail Asia23/02/2018

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Walmart sales reached US$500.3 billion last year, an increase of $14.5 billion, or 3 per cent. But that failed to excite shareholders, with the share price shedding 10 per cent of its value immediately after the announcement. Arguably, the world’s largest retailer’s biggest success last year was its e-commerce business where it is looking to […]

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