Walmart news 

Walmart has made a number of leadership and organisational changes within its International division, as reported by The City Wire . Changes made as new CEO sets to take leadership of the Company These changes have been made at Walmart  as Doug McMillon is about to take up the CEO role in February, with David Cheesewright replacing him as the President & CEO of Walmart International. One o...

Walmart de México y Centroamérica has reported 3.1% growth, in sales for 2013, with fourth quarter sales up 3.5% on the previous year. Mixed performance in Mexico and Central America Sales in Mexico were up 3.3%, but like-for-likes decreased by 1.3% compared to the previous year. Fourth quarter performance was similar, with sales up but like-for-likes down. In Central America, both like-f...

To stimulate your thinking for 2014, six of our analysts have selected their favourite large stores of the past year. Tesco Extra (Watford, UK): creating a new future for hypermarkets? Nick Miles, Senior Business Analyst Tesco’s relaunched hypermarket in Watford was a ‘retail event of 2013’, seeing the retailer open the first of its new look ‘destination Extra’ stores and to create more...

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...

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...

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 ...

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...

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...

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...

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...