Wal-Mart
March 26, 2018 at 3:31 pm
A flurry of management changes have taken place at leading retailers recently, including Jet.com, ModCloth and Tapestry. Jet.com: Walmart's Jet.com has named Tesco veteran Simon Belsham as president of the e-commerce company, effective immediately, the company told CNBC on Monday. Belsham will be responsible for expanding Jet's online grocery business, Walmart E-Commerce CEO Marc Lore…
March 20, 2018 at 3:02 pm
FedEx Office, a subsidiary of FedEx Corp., and Walmart said yesterday that FedEx Office will bring its small-format stores for printing, packing and shipping into 500 of Walmart's stores nationwide in the next 24 months. The announcement comes after completion of a successful pilot program spanning 47 locations within Walmart stores across six states. Besides…
March 1, 2018 at 11:53 am
Walmart said yesterday that it's raising its age restriction to 21 for firearm and ammunition purchases. In a statement published on its website yesterday, the retailer said it made the decision in light of recent events and will try to implement this change "as quickly as possible." Walmart also pointed out that in 2015 it ended sales of certain sporting rifles…
February 19, 2018 at 12:53 pm
Walmart is introducing new low-cost apparel brands for women, kids and plus-size customers — and phasing out older brands — in an effort to lure shoppers away from Amazon.com, which is steadily increasing its apparel sales, according to a Bloomberg report. The store brands include Time and Tru in ladieswear, which will replace the jettisoned DanskinNow label,…
February 15, 2018 at 3:27 pm
Walmart announced this week that it is eliminating two department manager positions in some of its 4,700 U.S. stores, including managers who oversee cellphone departments and online grocery pickup areas, in a new restructuring plan, The Wall Street Journal reported yesterday. The stores facing cuts either have lower sales in those departments or are increasingly…
February 2, 2018 at 10:14 am
In this episode of Retail Right Now, Total Retail's Executive Editor Joe Keenan and Senior Editor Caitlin Sullivan discuss what corporate tax reform could mean for the retail industry, including the actions already taken by some leading brands — Walmart, Home Depot, Apple, Starbucks — to invest these savings into their employees as well as…
February 1, 2018 at 12:44 pm
A woman in California has filed a lawsuit against Wal-Mart over claims the company keeps products primarily used by African-Americans inside a locked glass case. Essie Grundy told reporters in Los Angeles on Friday that she felt humiliated and discriminated against when on three occasions this month she had to ask a store employee at…
January 26, 2018 at 10:53 am
Liza Landsman, president of Jet.com and recent Total Retail Top Women in Retail 2018 honoree, is leaving the company just a year-and-a-half after she was promoted to her current role. Wal-Mart acquired Jet.com for $3 billion in 2016. Landsman joined Jet.com in March 2015 in the role of chief customer officer, where she oversaw the company’s…
January 15, 2018 at 11:01 am
Wal-Mart is planning to cut over 1,000 corporate jobs, The Wall Street Journal reported Friday citing sources. The layoffs, expected to be completed by Jan. 31, 2019, will focus largely on employees in its corporate headquarters in Bentonville, Ark., the report said. Wal-Mart, the country's largest private employer, has 1.5 million workers in the U.S. and 2.3…
December 21, 2017 at 2:46 pm
Wal-Mart's Code Eight, the first portfolio company in its newly launched incubator, Store No. 8, has started testing personal shopping services for moms in New York City, Recode reports. The service is targeted to “busy NYC moms ” who are "high net worth urban consumers" and will enable them to get product recommendations and make purchases simply through text messaging. The…
