Wal-Mart
August 5, 2015 at 1:45 pm
We find ourselves mid-year 2015 with the back-to-school shopping season upon us. The National Retail Federation reports that shoppers plan to spend about $630 overall on clothing, shoes, supplies and electronics for their K-12 students this year, a nearly 6 percent decline from the $669 average planned budget in 2014. Since the recession, consumers’ back-to-school…
July 29, 2015 at 2:44 pm
The world’s largest retailer has put suppliers on notice: Pay attention to the little things before they become big problems. Wal-Mart last week sent out a memo to hundreds of suppliers, from Kraft Heinz Co. to Nestlé SA, warning them to comply with labeling laws, emphasizing that the amount inside a package matches what's printed on…
July 24, 2015 at 4:21 pm
Investors loved Amazon.com's quarterly profits so much Thursday that the online retailer is now worth more than the nation's top retailer, Wal-Mart. Shares of Amazon soared a staggering $81.82, or 17 percent, to $564.00 in afterhours trading. That jump makes Amazon worth $262.7 billion — which is 12 percent more than Wal-Mart's $233.5 billion market…
July 23, 2015 at 2:25 pm
Wal-Mart is increasing its efforts in China’s e-commerce space after the world’s largest retailer took full ownership of Yihaodian, its online retail business in the country. The U.S. retailer is buying up the remaining 49 percent stake in Yihaodian, a lesser rival to U.S.-listed duo Alibaba and JD.com, from financial services group Ping An of…
July 20, 2015 at 2:43 pm
Marc Lore's ambition is as spectacular as his view of the sparkling Manhattan skyline. From new headquarters on the Frank Sinatra side of the Hudson River, the former Quidsi founder's latest venture — Jet.com — plans to take on online shopping's biggest players, from Amazon.com to Wal-Mart. Jet's consumer proposition is as simple as its…
July 15, 2015 at 3:12 pm
A Massachusetts woman filed a class-action lawsuit Tuesday accusing Wal-Mart of wrongly denying employee benefits for same-sex spouses. Jacqueline Cote says Wal-Mart repeatedly denied medical insurance for her wife before 2014, when the retail giant started offering benefits for same-sex spouses. The couple incurred at least $150,000 in medical costs after Cote's wife, Dee Smithson,…
July 14, 2015 at 2:04 pm
The Wal-Mart vs. Amazon.com fight for retail domination just escalated. Not one to let Amazon steal the sales spotlight, Wal-Mart will launch a rival sale Wednesday to Amazon's recently announced Prime Day, including more than 2,000 online exclusive "rollbacks," Wal-Mart's word for discounts. The lower prices on items in categories including electronics, home, baby and…
July 13, 2015 at 2:26 pm
Retail giant Wal-Mart Stores and its Sam’s Club division are in the process of cutting up to 1,000 corporate headquarter jobs by Nov. 1, according to several sources familiar with the situation. The cuts would happen through layoffs and attrition, and may include up to 200 vice presidents. Wal-Mart Stores didn't confirm nor deny the…
June 30, 2015 at 2:11 pm
America’s largest retailer was doing something very un-American. Wal-Mart has been selling products online that claim to be made in the USA when in fact they're not. After it was threatened with a potential probe by the Federal Trade Commission, Wal-Mart said that it has a problem with its website design. Truth in Advertising, a…
June 29, 2015 at 4:17 pm
Three years after J.C. Penney was boycotted by opponents of LGBT rights, retailers have embraced the Supreme Court’s ruling for same-sex marriage. Amazing how quickly things can change. Just three years ago, J.C. Penney found itself embroiled in controversy when it featured gay couples in its new glossy mail-outs, part of its failed strategy under…
