Hints and tips:
...When it comes to financial disclosure, Walmart breaks its business down into US stores, Sam’s Club and, well, everything else....
...It’s been quite a year for Wal-Mart de México, the US retailer’s Mexican arm....
...A 0.6 per cent decline in sales is forecast although Wal-Mart’s revenues from abroad and from its Sam’s Club stores are likely to support profit, according to a Reuters poll....
...Both sites appeared just a few weeks after Walmart launched its first e-commerce venture in China, linked to the Sam’s Club discount warehouse club stores that it operates in Beijing, Shanghai and the Shenzhen...
...When Wal-Mart’s founder, Sam Walton, opened a five-and-dime self-service general goods store on the main square of Bentonville in 1950, the administrative seat of Benton County had only 3,000 people....
...premium members of its Sam’s Club warehouse stores....
...Wal-Mart’s Sam’s Club warehouse store also plans to open a 143,000 sq ft Hispanic-focused store called Más Club in Houston this year....
...US-based Costco and Sam’s Club are international wholesale-type clubs. But they target the end consumer, not hotels and restaurants, or owners of small convenience stores, as MCC does....
...Including its Sam’s Club warehouses, which saw a 6 per cent increase, the retailer’s overall US same store sales rose by 1.4 per cent....
...Wal-Mart, the world’s biggest retailer, operates 99 “supercentres” in China, although MCC sees itself less in competition with the US group than with its subsidiary Sam’s Club....
...Mr Duke will be replaced as head of Wal-Mart International by Doug McMillon, formerly head of the company’s US-based Sam’s Club membership warehouse stores....
...Wal-Mart, the world’s largest retailer, cut its fourth quarter earnings forecast on Thursday, citing the impact of slower than expected sales at its Sam’s Club warehouse stores and international units....
...Rob Walton, chairman of Wal-Mart’s board and son of the group’s late founder Sam Walton, said the change “occurs at a time of strength and momentum” for Wal-Mart....
...to a new Sam’s Club discount warehouse in Shanghai....
...Wal-Mart also cut its earnings forecast by 7 cents to 91-94 cents, citing lower-than-expected sales at its Sam’s Club warehouse club and at its international business and higher expenses....
...Sales at Sam’s Club, Wal-Mart’s warehouse unit, were up 3.5 per cent....
...Rob Walton, chairman of Wal-Mart’s board and son of the group’s late founder Sam Walton, said in a statement that the change “occurs at a time of strength and momentum” for Wal-Mart....
...P&G has been offering a booklet of coupons worth $120, or a $10 voucher valid at Wal-Mart’s Sam’s Club stores to customers who mail in receipts for more than $50 of P&G’s brands....
...He included the possibility of Wal-Mart and its Sam’s Club warehouse chain acquiring sites from retailers that were going out of business, with the chance to “negotiate very good rents”....
...Wal-Mart says that the stores are part of a 10-store pilot, with another store in Phoenix being built....
...Together with its Sam’s Club warehouse stores, sales rose 3 per cent, ahead of its forecast of between 1 and 2 per cent growth....
...Wal-Mart has introduced new rectangular milk containers at its Sam’s Club stores, which allow trucks to carry 7 per cent more milk per journey, but it has faced complaints that the bottles spill more easily...
...Comparable sales at Wal-Mart’s stores and supercenters rose 2 per cent during the month, while sales at its Sam’s Club warehouse stores rose 4.6 per cent....
...It is also the first format not to use the Wal-Mart name since it created the Sam’s Club warehouse store in 1983....
...But the company has been reluctant to pass on rising costs to its customers - a sign that it is seeking to protect market share against rivals such as Wal-Mart’s Sam’s Club and BJ Wholesale Club....
International Edition