Walmart news 

24 October 2013
 At a press event in Beijing, Walmart CEO Mike Duke and Walmart China CEO Greg Foran spoke about the company's progress in China's competitive market to date, and its strategy for the years ahead. Walmart's three year plan to 2016 Open up to 110 new outlets, focusing on tier two, three and four cities (offset by planned closure of non-performing stores - read about it here ) Expand ...
24 October 2013
Walmart de México y Centroamérica has reported net sales up 1.9% and EBITDA up 5.5% year on year, for Q3 2013. "Very pleased" with financial performance in Central America Total revenues were up 6.4% year on year and EBITDA was up 36.3%. Walmex has been improving its value and price propositions to serve customers better and to attract those who shop in the informal, traditional market. I...
24 October 2013
Attending an industry event in Montreal this week, provided an opportunity to hear directly from three grocery CEOs in Canada; Couche-Tard’s Alain Bouchard, Sobeys’ Marc Poulin and Walmart’s Shelley Broader. What did these leaders have to say about growth and differentiation? Sobeys growing the business through acquisition With a focus on driving growth in an era of disruptive change, Sobeys’...
21 October 2013
In the fourth of this year's regular updates, we look at the main developments at Carrefour, Tesco, Metro and Walmart, and assess priorities for the rest of the year. Carrefour in confident mood Carrefour reported net sales growth of 1.4% in the first half , and a 2.7% increase for Q3 . All formats in the key French market posted growth in the third quarter, and international sales...
21 October 2013
Key highlights including ecommerce, senior management appointments and store strategy following Scott Price's update at Walmart's annual investors meeting last week. Store network rationalisation In order to maximise returns from its strongest assets, Walmart plans to close 3m square feet of space in China, equating to between 2.5%-3% of sales, and more than 20 stores. This move will...
16 October 2013
Massmart’s chief executive, Grant Pattison, said that South Africa’s shoppers were under growing pressure on the sidelines of the Consumer Goods Council of South Africa summit. Slower spending due to a number of reasons Pattison was quoted as saying: “ The pressure on the consumer is increasing and it seems to be related to rising energy inflation and unsecured lending being pulled back .” Th...
16 October 2013
At its annual investors meeting this week, Walmart provided an update on the strategic priorities for its US stores operation, Sam’s Club, international, global e-commerce and the business as a whole. We outline the key takeaways from this important update. Building a unique market-based ecosystem in the US to capitalise on in-fill opportunities Walmart has identified a number of markets i...
15 October 2013
Walmart has announced plans for a new market ecosystem for the US which will see it leverage its broad store portfolio in local markets to maximise in-fill opportunities to drive sales growth. Capitalising on in-fill opportunities through smaller formats Walmart has identified a number of markets where opportunities exist for it to grow sales in local markets through building a network of sm...
09 October 2013
US-based Walmart and Bharti have agreed to dissolve their joint venture in India, a step that will see each retailer to ‘independently own and operate separate business formats in India’. Decision sees end of franchise agreement Following the dissolution of the joint venture, which will be completed by Walmart buying out Bharti’s stake, Walmart will be left to run the Best Price Modern Whol...
07 October 2013
Walmart considers acquisition in order to become the first or second player in the cities it operates in, reports The Wall Street Journal. Considering acquisitions to build regional strength Speaking at the Asia Pacific Economic Cooperation conference in Indonesia, Walmart Asia's CEO Scott Price outlined that the company was considering acquisitions in China to build its regional market s...