Walmart news 

04 March 2014
South Africa-based, Walmart-owned Massmart has, in the last week, reported its annual sales, discussed opportunities in Nigeria and concerns about how an increase in interest rates may affect consumer confidence and spending in its home market. ‘Extra week’ boosts annual sales In its annual results statement Massmart said that total sales had risen by 9.8% to ZAR72.3 billion (US$6.68 billion)...
27 February 2014
Walmart has announced that its WalmartLabs division is acquiring Yumprint, a start-up in the recipes and meal planning space. Integrating recipes as part of the online experience Integrating Yumprint into its online site and mobile app could give Walmart an advantage over competitors by allowing it to influence shoppers during the early part of their shopping journey. Yumprint recipes can be sa...
26 February 2014
At Walmart International’s meeting for the investment community this week, its new President and CEO, David Cheesewright outlined the priorities for the division under his leadership. Simplifying the business In his first set-piece presentation heading up Walmart International, David Cheesewright outlined six key areas of focus for the next 12 months. The key theme of the presentation, an...
25 February 2014
Walmart Mexico (Walmex) is investing $15.0bn pesos (c.USD1,125m) in developing new stores and to enhance its ecommerce capabilities in Mexico and Central America. Growth less dependent on new space This investment comes after a challenging year for the retailer. Although total revenues improved by 3.2% year-on-year, net income fell by 2.4%. In particular it saw a challenging performance with...
21 February 2014
Walmart reported slowing international growth for the fourth quarter of its fiscal year this week. We look at results in its Latin American markets. Position in Brazil remains challenging Fourth quarter net sales were up 5.3%, with improved performance in retail formats driven by food and consumables categories. Ecommerce continued to grow sales and market share, with a new site launche...
20 February 2014
This week Walmart announced its fourth quarter and full year results. We take a look at five key takeaways and what they could mean for its suppliers. 1. Driving change in the business to increase customer relevance : Doug McMillon, commenting on his first set of results as President & CEO, spoke about making changes to improve the business, with a filter on increasing customer relevance. He ...
20 February 2014
Walmart's full year results, for the year to January 31, 2014, revealed consolidated net sales grew by 1.6% to $473.1bn. Consolidated net income attributable to Walmart fell by 5.7% to $16.0bn. The results in summary Given that Walmart had issued a trading update at the end of January there were no real surprises in these results, beyond the rapid expansion announced in small ...
19 February 2014
Walmart de México y Centroamérica has reported a fall in of 12.8% in net profit for Q4 2013, ending a year which CEO Scot Rank said was one of "great challenges." Challenging economic conditions in Mexico CEO Scot Rank pointed to a reduction in disposable income and decrease in consumer confidence over the year. Heavy price investment during the year will also have affected results. Comp...
13 February 2014
There is speculation that a key international player may be reviewing its position in the market - might this include the potential for multi-brand retailing? FDI update Early this year two Indian states, Delhi and Rajasthan, decided against Foreign Direct Investment (FDI) in multi-brand retailing, having formerly approved it. Each state has the authority to make this decision. The adve...
11 February 2014
As we launch a new hypermarkets and supermarkets hub page and insight presentation, we report on three strategies being used to drive growth at hypermarkets and supermarkets. 1. New ways to define value A number of retailers globally are finding that value-focused large formats are hitting a growing sweet spot with shoppers. From the growth of the atacadista format in Brazil from Casino and...