Walmart news 

12 September 2013
The latest hotly debated topic around FDI is the suggestion of opening up the e-commerce channel, which currently has stringent restrictions on both investment and operating models. Building presence in the world's third largest internet population Amendments to legislation in line with bricks and mortar retailing would be welcomed by major players including eBay and Amazon. These com...
11 September 2013
Walmart de México y Centroamérica has announced an agreement with Alsea, under which Alsea will acquire 100% of the retailer's restaurant division, VIPS. Part of Walmex's plan to simplify operations Walmex's restaurant division operates under various banners: VIPS, El Portón, Ragazzi y La Finca. The transaction, worth MXN8.2bn, has yet to be approved by regulatory authorities. Alsea will...
03 September 2013
Walmart Chile has reported a year-on-year revenue increase of 9.9% for the second quarter, with EBITDA up 14.2%. Revenue increase driven by retail segment The retail segment, which contributes 95% of revenue, grew sales by 10.8% during the period, due to an increase in comparable store sales. Walmart Chile operated 331 stores at 30 June 2013, spanning 761,000 sq m; three new stores opened...
02 September 2013
China's leading online grocery retailer has expanded its offer of fresh foods to Beijing, reports China Daily. Unlocking the potential of fresh and frozen categories online Yihaodian, in which Walmart holds a majority stake, initially launched its fresh food delivery service in Shanghai in March; this now attracts over 1,200 orders per day. On August 28th Yihaodian extended the service to ...
29 August 2013
At IGD, we are keeping an eye on the online grocery channel around the world. Here, we take a closer look at the US market, including latest developments and innovative new retailers to watch. Online grocery is becoming a major priority for US retailers Although it is niche today, technology is empowering shoppers to transact anytime, anywhere, and a growing number of start-ups and tradit...
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 ...