Walmart news 

30 July 2013
Mexican retailer Soriana has reported a 0.4% increase in total revenue for the second quarter of 2013, hit by the slowdown in consumer spending. Economic difficulties a common theme in Q2 Other retailers who operate in Mexico - Oxxo , Chedraui and Walmart de México y Centroamérica - have all released results in the past week and all have pointed to the weak economic climate as a factor i...
29 July 2013
The e-commerce sector in China is booming and set to become the largest in the world. IGD's Head of Asia, Vicky Santini, updates on the key players dominating the market. The e-commerce sector in China is booming and set to become the largest in the world. It already has 214 million online shoppers, more than any other country. By 2015, it is predicated that those consumers will be spending $1,0...
29 July 2013
Walmart de México y Centroamérica has reported solid results in Central America and a difficult period in Mexico for the second quarter of 2013. Difficult economic environment in Mexico As highlighted by Oxxo in its results statement, the economic environment in Mexico was weak, with 0.8% economic growth in the first quarter of 2013 compared to 4.9% in the same period of 2012. Poor growth...
24 July 2013
@WalmartLabs has acquired Torbit, a technology company specialising in front-end optimisation. Its primary focus has been to develop measurement, analytics and performance improvement tools to help companies identify and enhance their overall site performance. Talent acquisition an important element of the deal Strategic acquisitions have been a key element of the growth and development str...
24 July 2013
Speaking at Fortune's Brainstorm Tech conference, Neil Ashe, CEO of Global E-commerce at Walmart, said that the success of its multichannel initiative will be defined at a point when the retailer does not care where its sales come from. “Success is when we don’t care. An ultimate measure of success is when you decide you want to buy something from Walmart, and we don’t care if you buy it on y...
22 July 2013
Bharti Retail, Walmart's local partner in India, has returned 17 properties intended to become Easyday stores, India's Economic Times reports. Speculation over the future direction of Bharti Retail and Walmart's partnership Bharti Retail, part of telecommunications-focused business Bharti Enterprise, signed a joint venture agreement with Walmart in 2007. Together they operate BestPrice ...
10 July 2013
Walmart-owned, South Africa-based Massmart has announced preliminary financial results for the 26 week period saying that total sales rose by 8.9%, while comparable sales were up by 5.5%. Strong growth across all operations Massmart said that it had enjoyed sales growth across all its divisions, boosting sales to ZAR32.3 billion (US$3.2 billion). The retailer reported that total and compara...
03 July 2013
As Walmart unveils plans to open more Sam’s Club stores in China, we update on how this important part of Walmart plans to grow. Building on a successful format in China Andrew Miles, chief operating officer for Sam’s Club in China , has said that the retailer will open seven more of its membership-only cash and carry stores in China over the next 2-3 years.  This move will expand i...
26 June 2013
Walmart has named Ramnik Narsey as interim head of its business in India, replacing Raj Jain, according to reports. No reason given for departure of Jain Mr Jain has been with Walmart for seven years and been head of the Indian operation for six of those. Reports have not given any reason for his departure. Walmart optimistic about future in India According to a statement, Mr Narsey...
11 June 2013
Walmart Canada and P&G have launched 50 mobile stores, located in bus shelters, across Toronto, to enable commuters to purchase a range of baby and beauty products. Raising awareness of Walmart’s online offer Running for four weeks, this initiative will help to raise awareness of Walmart Canada’s e-commerce proposition as it continues to expand the ranges which are offered online . Commut...