Wal-Mart
December 7, 2015 at 10:35 am
The Puerto Rico unit of Wal-Mart Stores Inc. sued the island’s government, seeking to overturn a new tax the retailer calls unfairly high. Enacted in May, Puerto Rico’s Act 72-2015 increases to 6.5 percent from 2 percent the tax on goods imported from offshore affiliates to local companies with gross revenues of more than $2.75 billion.…
December 4, 2015 at 10:10 am
Amazon.com’s Prime keeps attracting more and more members, and new data from Wall Street firm Cowen & Co suggests the subscription service is getting stickier, posing a more intense threat to traditional retailers trying to claw back market share. The survey suggests Amazon Prime is drawing younger and wealthier shoppers who are now using the…
November 27, 2015 at 11:44 am
Wal-Mart’s website malfunctioned during the Thanksgiving shopping rush Thursday morning, throwing a wrench in some shoppers’ plans to avoid long lines by grabbing deals online. For the first time, the world’s biggest retailer offered most of its Black Friday “doorbusters” on its website hours before they were available inside its U.S. stores. The discounts, which were…
November 25, 2015 at 12:20 pm
A U.S. investigation into potential foreign bribery by Wal-Mart Stores Inc. has unearthed evidence of possible misconduct by the retailer in Brazil, after investigators found little to support the sweeping allegations involving Mexico that initially prompted the probe, according to documents and people familiar with the matter. Federal prosecutors are examining $500,000 in payments that…
November 23, 2015 at 11:21 am
This year there will be no rest for the holiday shopping weary. As part of the growing trend to start holiday sales earlier, Wal-Mart has announced that it will begin its Cyber Monday sales the Sunday night of Thanksgiving weekend. The first round of deals will begin at 8 p.m. ET on Sun., Nov. 29 and…
November 12, 2015 at 11:44 am
Wal-Mart plans to offer most of its Black Friday discounts to online shoppers hours before they become available in stores, as the company attempts to hold off challenges by Amazon.com and other e-commerce rivals. The world’s biggest retailer, which said it still expects to draw record crowds even with the online push, will make the…
November 10, 2015 at 9:56 am
Retailers are scanning shoppers with high-tech tools to automatically pick out suspected thieves, absent rules to protect privacy. In the old days, when a store caught someone stealing, a detective would march the thief to a backroom and take his picture with a Polaroid camera. The photo would be added to the retailer’s in-house rogues gallery…
October 30, 2015 at 10:23 am
The holiday sales season kicks off this weekend, and Wal-Mart will be among the first out of the gate. Continuing the trend of launching holiday sales immediately after Halloween, on Sunday Wal-Mart will offer discounts on thousands of items, including toys and electronics. Wal-Mart is putting more emphasis on online deals during the holiday season, with about 15 percent more rollbacks on…
October 29, 2015 at 10:47 am
Count Wal-Mart payments executive John Drechny among those upset with the timing of the credit card industry’s transition to “chip” credit cards. In a panel discussion at the Money20/20 payments conference in Las Vegas on Monday, Drechny said the October deadline for merchants to switch over to equipment that can accept new chip cards will cause…
October 29, 2015 at 10:37 am
A retailer-backed mobile wallet that rivals Apple Pay has expanded its customer test to 200 stores at 12 large retailers in Ohio, its chief executive officer said on Wednesday. CurrentC has been developed by a consortium of retailers under the Merchant Customer Exchange (MCX), which includes Wal-Mart Stores Inc, Target Corp and Best Buy Co Inc. In…
