Walmart news 

19 December 2013
Tesco seeks approval to enter multi-brand retailing, Walmart makes a key senior management appointment and the latest cash and carry developments. Tesco applies to develop a multi-brand retail business In a statement, Tesco Asia's CEO Trevor Masters announced plans to develop its business in the Indian market through the application to extend into multi-brand retailing.  If this applicati...
19 December 2013
Walmart China's CEO Greg Foran reveals plans to expand its network of Sam's Club stores in the market. Building the store network Walmart plans to open an additional two Sam's Club stores in China next year, to its existing network of ten stores. It plans to increase the rate of growth so that in the year 2020, ten new stores will be opened. The Sam's Club membership format is gain...
16 December 2013
In the last of this year's regular updates on the world's top retailers, we look at the main developments at Carrefour, Tesco, Metro and Walmart. We see how they have fared recently, and look at what might lie ahead in 2014. Carrefour: 'a good anniversary year' Carrefour's executive director for France , Noel Prioux, said investments in people and in renovating stores have improved ...
13 December 2013
Krish Iyer has been appointed to lead Walmart's operations in India, starting in the new year. Walmart makes key management appointment Krish Iyer has been appointed the new President and CEO of Walmart India. Iyer joined Walmart in 2012, and previous worked in a variety of roles for global health and beauty retailer A.S. Watson. He replaces Ramnik Narsey who filled the role for an i...
10 December 2013
Walmart has announced that David Cheesewright will be promoted to president and CEO of Walmart International, the retailer’s second largest operating segment. Cheesewright is currently president and CEO of Walmart’s Europe, Middle East and Africa (EMEA) and Canada region. Established track record of success within the business David Cheesewright will report to Doug McMillon, who was named l...
10 December 2013
Walmart Chile has reported an increase of 9.4% in revenue for the first nine months of 2013, and profits up 3.71%. Continues to open new stores The retail segment was the main driver of growth, with an increase of 9/9%, helped by an increase in same store sales. Walmart Chile ended the quarter with 777,000 sq m of sales area, spread among 336 outlets; five new stores opened in the th...
03 December 2013
Walmart achieved its biggest online sales day in history on Cyber Monday, December 2, building on the momentum which it achieved on Thanksgiving and Black Friday. 1bn page views processed during five-day period In addition to the strong performance on Cyber Monday, Walmart.com achieved its highest five-day stretch in online sales in the period from Thanksgiving to Cyber Monday. The retailer...
26 November 2013
Asda has announced that its CFO, Richard Mayfield, is to become CFO of Walmart's EMEA region. He will be replaced by former Tesco executive Alex Russo. Experienced retail finance director to join Asda Alex Russo will take up his role on January 6th and was previously CFO of Tesco's South Korean business.  He is currently a senior independent director at Delosi, a Peruvian company specialising...
26 November 2013
With the announcement that Doug McMillon will be leading Walmart as president and CEO from next February, Stewart Samuel takes a look at the key areas of focus across its core US stores and Walmart International divisions. While we expect a high degree of continuity in the overall strategic direction, there are a number of initiatives which may be accelerated under the new leadership. ...
25 November 2013
Walmart has announced Doug McMillon will succeed Mike Duke as president and chief executive officer, effective February 1, 2014. Doug is currently president and CEO of Walmart International, a position he has held since 2009. Internal appointment ensures continuity and consistency The appointment of Doug McMillon continues Walmart’s tradition of internal appointments to the role of CEO. He...