Walmart news 

10 December 2013
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...
03 December 2013
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...
26 November 2013
Asda has announced that its CFO, Richard Mayfield, is to become CFO of Walmart's EMEA region. He will be replaced by former Tesco executive Alex Russo. Experienced retail finance director to join Asda Alex Russo will take up his role on January 6th and was previously CFO of Tesco's South Korean business.  He is currently a senior independent director at Delosi, a Peruvian company specialising...
26 November 2013
With the announcement that Doug McMillon will be leading Walmart as president and CEO from next February, Stewart Samuel takes a look at the key areas of focus across its core US stores and Walmart International divisions. While we expect a high degree of continuity in the overall strategic direction, there are a number of initiatives which may be accelerated under the new leadership. ...
25 November 2013
Walmart has announced Doug McMillon will succeed Mike Duke as president and chief executive officer, effective February 1, 2014. Doug is currently president and CEO of Walmart International, a position he has held since 2009. Internal appointment ensures continuity and consistency The appointment of Doug McMillon continues Walmart’s tradition of internal appointments to the role of CEO. He...
20 November 2013
Walmart is launching a pre-Black Friday savings event this week, lowering prices on a range of products to match selected Black Friday offers at Target, Toys R’ Us and Best Buy, one week early. Aiming to minimise the impact of its competitors on Black Friday With Walmart and its competitors announcing their key Black Friday promotions last week, this has provided the retailer with the oppor...
18 November 2013
Walmart reported international sales growth of 0.2% for Q3 last week. We take a closer look at its performance in Latin America. Central America outperforming Mexico Consolidated net sales increased by 2.2%, led by Central America where sales were up 4.8%. In Mexico, sales were up 1.7% over last year, but the economic slowdown affected comparable store sales which were down 2.8%. Walmex's ...
15 November 2013
Grocery retailers globally continue to channel investment into the development of their fresh food offers. With the goal of driving stronger traffic, improving the store experience, and providing shoppers with inspiration, store formats and concepts are being developed which bring this to life. As a recognised strength for North American retailers, our latest insight presentation, Seven prin...
14 November 2013
Walmart’s Q3 results reveal continued weakness in its core US stores with total sales up 2.4%, and comp store sales, a key benchmark indicator, down 0.3%, in line with the previous quarter. Total and comp store sales at Sam’s Club were up 1.1%, while internationally, sales growth remains tough, up 0.2% in the quarter. However, all business units grew operating income ahead of sales. Tota...
13 November 2013
Walmart has revealed plans for its largest ever Black Friday promotional campaign, including special events on Thanksgiving itself. .style1 { text-align: center; }.style2 { text-align: right; font-size: x-small; } Setting the pace with earlier opening hours and more promotions Walmart is seeking to ‘own’ Black Friday by significantly increasing the number of one-hour guaranteed items com...