Tag Archives: Walmart

Walmart to Ramp Up Canadian Operation

Walmart

BENTONVILLE, Ark.-Walmart Canada plans to expand its store count and online operation. A Walmart corporate spokesman confirmed press reports that the retailer will spend nearly C$500 million (about $450 million) on 35 new supercenters in Canada, an enhanced distribution network and e-commerce projects. The initiatives are expected to generate about 7,500 jobs over the nextMore »

Last updated: February 5, 2014

Walmart, Sam’s Club Q4 Comps, Company Earnings to Be Less Than Expected

Walmart

BENTONVILLE, Ark.-Same-store sales for both Walmart’s U.S. stores and for Sam’s Club are expected to be somewhat less than what the retailer said was expected of the quarter two months ago, according to a preliminary statement on the quarter from the retailer. In addition, earnings for the company as a whole will likely not meetMore »

Last updated: January 31, 2014

Sam’s Club to Lay Off 2,300

Sam’s Club

BENTONVILLE, Ark.-Sam’s Club plans to lay off about 2,300 associates, or about 2 percent of its total associate number, across its clubs. A time frame for the lay offs was not given. According to a statement from Bill Durling, who heads Sam’s Club’s corporate communications, the warehouse-club retailer and division of Walmart will conduct theMore »

Last updated: January 28, 2014

Resolutions for 2014

Duke_Ratliff

By Duke Ratliff With holiday shopping (and selling) in the rearview mirror, home furnishings executives can now focus on the year ahead. Here are a few resolutions for the new year that notable individuals and institutions can make to make it a successful 2014. Walmart’s new leaders Doug McMillon and David Cheesewright should resolve toMore »

Last updated: December 20, 2013

Cheesewright Named Walmart International Chief

David Cheesewright

BENTONVILLE, Ark.-Walmart has promoted David Cheesewright to president and CEO of Walmart International. Cheesewright—currently president and CEO of Walmart’s Europe, Middle East and Africa (EMEA) and Canada region—will succeed Doug McMillon, who was named to succeed Mike Duke as Walmart’s president and CEO last month. Both McMillon and Cheesewright will assume their new posts onMore »

Last updated: December 10, 2013

E-Cha-Ching! Cyber Monday Produces Major Online Sales Gains

Xmas Shopping Online

NEW YORK-A number of surveys and reports have shown that e-commerce sales on Cyber Monday, Dec. 2, increased significantly over last year’s Cyber Monday. According to research firm comScore, e-commerce sales through desktop computers totaled $1.735 billion, up 18 percent over Cyber Monday 2012 and marking the heaviest U.S. online spending day in history. ResearchMore »

Last updated: December 4, 2013

(Selling) Home for the Holidays

Duke_Ratliff

If the consumer press was any indication, the universe almost ended. More precisely, the civilized world as we know it could have come to a crashing halt on Thanksgiving Day. That’s when the Scrooge-like retailers such as … well, pretty much every single retailer of note—opened for business. Macy’s suffered an unfair share of theMore »

Last updated: December 20, 2013

Hornick: Southern Style

Louis “Tripp” Hornick III

The window-treatment vendor re-establishes a U.S. manufacturing presence with its new South Carolina facility By David Gill Within five years of its first century in business, always as a New York-based company, Louis Hornick & Co. is establishing new roots in South Carolina with its new manufacturing facility in Allendale County. This move stems fromMore »

Last updated: November 27, 2013