Wal-Mart
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…
October 27, 2015 at 12:54 pm
Wal-Mart Stores Inc applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it plans to go head-to-head with Amazon.com in using drones to fill and deliver online orders. The world's largest retailer by revenue has for several months been conducting indoor tests of small…
October 20, 2015 at 12:30 pm
The Wall Street Journal says federal investigators have turned up little to support the argument that Wal-Mart engaged in major bribery as it expanded in Mexico. The New York Times' 2012 account of how the corporate retail behemoth may have paid more than $24 million in bribes in Mexico as it expanded its presence in the…
October 19, 2015 at 10:55 am
Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores. Now they're bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer last week. The discount store behemoth has always had a reputation for demanding lower prices from…
October 15, 2015 at 11:47 am
During the first Democratic presidential debate on Tuesday night, all eyes were on Hillary Clinton, who has a formidable challenge ahead of her in the form of Bernie Sanders. While clearly still the front-runner, Clinton has to convince union members and their liberal activist allies that she’s the candidate for the job, rather than the far-left…
October 15, 2015 at 11:35 am
Wal-Mart Stores Inc. is about to see if investors are willing to stick it out as it embarks on one of the biggest transformations in its history. Wal-Mart’s plan to invest heavily in technology at the cost of precious earnings per share served as a bombshell for Wall Street, triggering the biggest-ever price decline on Wednesday.…
October 7, 2015 at 10:54 am
Wal-Mart on Tuesday announced a series of initiatives to beef up its health and wellness offerings, at a time when low-price competitor Target also has the segment in its crosshairs. On Saturday, the world's largest retailer will host what it's dubbed "America's Biggest Health Fair," at which it will provide free glucose, blood pressure and vision…
October 6, 2015 at 12:30 pm
Sam’s Club CEO Rosalind Brewer on Friday (Oct. 2) announced broad personnel and strategy changes that include nine top-level organizational moves for the club division of Wal-Mart Stores Inc. The Sam’s Club news came on the same day that Wal-Mart announced 450 job cuts at the home office in Bentonville, Ark. The big changes aren't a…
October 1, 2015 at 10:53 am
Wal-Mart Stores Inc. is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said. Fewer than 500 employees are expected to lose their jobs and an announcement could be made as early as this Friday, according to one…
September 30, 2015 at 10:38 am
Wal-Mart is rolling out its free pick-up service for online grocery orders to stores in new markets such as Atlanta and Charlotte as the discount retailer looks to catch up to Amazon.com and fend off Target in a growing area of e-commerce. The company said on Tuesday that in addition to the new metro areas, which…
