Walmart news 

23 August 2013
Walmart has hosted a US manufacturing summit to underline its commitment to buy an additional $50bn in US sourced products over the next ten years for its domestic operations. Broader industry support could drive $500bn sourcing opportunity A key focus of this summit was on the job creation opportunities that would be created through having a stronger manufacturing base in the US. Encouragin...
22 August 2013
Walmart's South African business, Massmart, has released consolidated first half results today, confirming the 8.9% growth in sales revealed in July, and talking about its strategic priorities. Five strategic priorities for next three years Following the completion of an annual review process, Massmart has outlined five priorities for the coming three year period: Adjust future i...
16 August 2013
Walmart reported international sales growth of 2.9% for Q2 on 15 August. We take a closer look at its performance in Latin America. Slowing growth in Mexico Net sales increased 3.1% over last year, with comparable store sales down 1.6%, negatively affected by the timing of Easter. A general slowdown in consumption in Mexico, which has been reported by other retailers over the past few ...
15 August 2013
Walmart's net sales increased by 2.4% in the second quarter, with sales in its US stores up 2.1% and up by 2.6% at Sam's Club. International sales were up 2.9%. Consolidated net income attributable to Walmart increased by 1.3%, behind the growth in net sales. In the US, comparable store sales, its key benchmark performance indicator, decreased by 0.3% excluding fuel. The results in brie...
13 August 2013
Walmart Brazil has named Guilherme Loureiro as its new president, replacing Marcos Samaha. Appointment effective 31 August Mr Loureiro has been at the retailer for a year and is currently executive vice president. His new appointment will take effect on 31 August. His past experience includes various roles at Unilever. Mr Samaha leaves Walmart after 14 years and will remain until the end ...
13 August 2013
Dallas is among the best cities in which to see a broad representation of US retailers, particularly those with a focus on the supermarket format. We take a look at some of the key stores to see in North Dallas. National operators dominate As one of the largest cities in the US , it is an attractive prospect for a large number of retailers, and consequently it is a great city to see a variet...
08 August 2013
The 'SuperCard' credit card has launched in Argentina this week, aimed at boosting business and lowering costs for consumers and retailers. Aim is to lower costs for consumers and retailers Argentina's domestic trade secretary, Guillermo Moreno, met with retailers in March to agree the launch of the SuperCard. It is valid for use in various retailers, including Coto, Carrefour, Jumbo, Dis...
06 August 2013
In the third of this year's regular updates on the world's top retailers, we look at developments at Carrefour, Tesco, Metro and Walmart. We see how they have fared in last quarter, and look at priorities ahead. Carrefour better positioned for improvement Carrefour reported sales growth of 1.3% for the second quarter of 2013. The French business is showing signs of improvement , wit...
06 August 2013
India's government announced three amendments to FDI multi-brand retail policy, serving to relax the conditions of investment in the market. Three key changes to policy Fifty percent of first $100m invested to be on back-end infrastructure. This amendment puts a $50m cap on the original policy which stated fifty percent of investment in the first three years must be spent on back end i...
05 August 2013
Latin America's a region of great and diverse natural beauty, vibrant cultures and larger than life personalities - the late Hugo Chavez of Venezuela to name but one. But there's more to it than carnivals and salsa. Here are three reasons why consumer goods companies should keep an eye on the region... 1. Expanding urban populations Ever heard of a megalopolis? It's a city home to more than...