Greg Foran, the new U.S. CEO of Wal-Mart Stores, said Tuesday he was “reasonably happy” with recent sales trends and “cautiously optimistic” that the retailer would continue to build on that momentum during the holiday season....More
Our Walmart, whose stated purpose is to help Walmart employees in their dealing with the company over labor rights and standards, said some of its members staged the first-ever sit-down strike Thursday at a store in the Crenshaw district of Los Angeles to protest the company’s alleged efforts to silence workers calling for better jobs....More
Walmart’s sheer size gives it an opportunity to address issues in the food system, although it won’t be easy, Jack Sinclair, EVP, grocery division, said at The New York Times Food for Tomorrow conference on Wednesday....More
Wal-Mart Stores on Thursday reported its first quarterly U.S. comparable-store sales gain in nearly two years, but the modest increase came amid customer attrition and price inflation, and consumable comps were flat....More
Welcome to the Friday Five, where SN rounds up the top articles from around the web that you may have missed this week. This inaugural edition focuses on the competitor everyone loves to hate: Walmart....More
With nearly two-thirds of customers now using some sort of smartphone, we are not far away from what might be both a customer and retailer dream — the ability to check out in aisle without ever waiting in a checkout line....More
Click-and-collect, the online grocery strategy that requires customer pickup of merchandise at store curbside or elsewhere, is on a faster track.
Both Kroger and Walmart recently unveiled efforts, putting this concept in the spotlight at two of the biggest food retailers....More
In his first public remarks since taking charge of Wal-Mart Stores’ U.S. business, Greg Foran said Wednesday, the retailer could turn around flat sales at U.S. stores in part by better execution of basics like store conditions and customer service....More
BB&T Capital’s Andrew Wolf says it’s “too soon to say” how Walmart’s new focus on its Neighborhood Markets will affect the performance of its Supercenters, but he does expect some “cannibalization” to occur....More
Wal-Mart Stores on Monday introduced a new commitment to food sustainability, saying the effort would contribute to lowering the “true cost” of food while improving access to healthy food and transparency as to its origins and ingredients.
The initiatives were announced at a summit at the retailer’s Bentonville headquarters....More