Wal-Mart Stores
Retail
Top 10 global retailers operating in India
The retail industry is changing like never before, with e-commerce and technology taking over all spheres of the sector. However, despite the growing popularity of shopping online, physical stores are still formidable at selling merchandise, owning about 90 per cent of...
Progressive Grocer
Wal-Mart India’s Best Price Lucknow Store Bags `International Store of the Year – 2014’ Title
Wal-Mart India, the wholly owned subsidiary of Wal-Mart Stores, has announced that its Best Price Modern Wholesale Store in Lucknow, Uttar Pradesh, has been honoured with the `International Store of the Year’ title, from among 6,000 Wal-Mart stores spread...
Retail
Supervalu profit tops Street view
Supervalu Inc's quarterly profit topped Wall Streets expectations despite sagging sales as the third-biggest U.S. supermarket chain trimmed expenses in a drive to catch up to rivals.Supervalu shares rose 9.2 per cent to $9.30 in midday trading."Results were better...
Retail
Target and Wal-Mart in deal for Canada sites
Target Corp. said Friday it agreed to transfer leasehold interests in up to 39 sites in Canada to rival retailer Wal-Mart Stores Inc.Financial terms were not disclosed.The agreement calls for Target Canada to transfer the rights for leasehold interests...
Retail
Walmart exec says Chicago suits chain’s growth plans
A top executive of Wal-Mart Stores Inc. told local business leaders Monday that returns from the company’s small-format stores have recently become as profitable as those of its well-known supercenters.The changing business model means that Chicago is the best...
Retail
Wal-Mart Plans to Accelerate Openings of Mid-Sized Stores
Wal-Mart Stores Inc the world’s biggest retailer, plans to accelerate the opening of its mid- sized Walmart Market stores, said U.S. stores chief Bill Simon. Wal-Mart will open 90 to 100 of the stores in the year ending in...
Retail
Wal-Mart China reportedly names new CFO and COO
Retail giant Wal-Mart Stores Inc.'s China division has named replacements for two of its senior executives in the country who resigned earlier this month, reports said on Sunday. The retailer reportedly appointed Mario-Jose Medina as senior vice president and...
Retail
Wal-Mart shrinks electronics space, adds items
Wal-Mart Stores is cutting the size of its electronics department as popular gadgets shrink and making room to add back dropped items like fishing poles, fabric and full-figure fashions."It's still a vibrant category but much smaller items are being...
Retail
Wal-Mart boosts annual dividend by 21 per cent
The Board of Directors of Wal-Mart Stores Inc has approved an annual dividend of USD 1.46 per share, a 21 percent increase from the USD 1.21 per share paid during FY'11. For the current fiscal year, ending January 31,...
Retail
Wal-Mart’s ‘rollback’ to help families collectively save $700 mn
Wal-Mart Stores has announced price reductions, including 'deep rollbacks', on a basket of 22 'favourite' foods and everyday essentials that families routinely purchase, offering an average saving of 30 per cent off the retailer’s everyday low price. The retailer...
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Phoenix Palladium, Mumbai welcomes 4 new brands
The newly launched brands include Lifestyle, Celio, Ecco, and San-Cha Tea Boutique Bengaluru: Phoenix Palladium Mall in Mumbai, operated by...
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