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March 5, 2009
Wal-Mart’s US sales surge ahead
Wal-Mart said on Thursday that comparable sales at its US discount stores and Supercentres jumped 5 per cent in...Eduardo Castro-Wright, head of Wal-Mart’s US stores, said in a statement that the company...towards discretionary categories.” Wal-Mart’s Sam’s Club discount warehouse stores reported a 5.9 per cent increase... By Jonathan Birchall in New York
January 29, 2010
Walmart gears up for global online push
...Eduardo Castro-Wright, head of Walmart’s US stores, said the new Global.com unit would...in markets where we don’t”. Walmart, with stores in 15 countries, currently operates...announced alongside a restructuring of Walmart’s top management of its 3,700 stores in the US, and the setting up... By Jonathan Birchall in New York
March 23, 2009
Wal-Mart to award $2bn to staff
...almost 46 per cent increase on the $636.4m Wal-Mart awarded nearly 900,000 hourly employees...ending on January 31, comparable sales at Wal-Mart’s US stores rose 3.3 per cent. Wal-Mart is also continuing its efforts to improve... By Jonathan Birchall in New York
January 28, 2010
Walmart reveals strategic sourcing deal
...WSG will be a mini-Li & Fung.”Walmart spends about $100bn on purchasing...F.Eduardo Castro-Wright, head of Walmart’s US stores, said the retailer was “redefining...source products that are imported into our Walmart retail markets around the globe... By Jonathan Birchall in New York and Tom Mitchell in Hong Kong
January 8, 2009
Wal-Mart cuts earnings forecast
Wal-Mart, the world’s largest retailer...sales at its Sam’s Club warehouse stores and international units. The retailer...which led to the closure of several stores. But Eduardo Castro Wright, chief executive of Wal-Mart USA said the retailer believed it...fourth quarter last year. Shares of Wal-Mart were down almost 10 per cent at...increase in comparable sales at its US stores excluding fuel sales. At BJ’s Wholesale... By Jonathan Birchall and Alan Rappeport in New York
March 16, 2009
Wal-Mart unveils plans for own-label revamp
...dwindle,” she said. Wal-Mart said it had reformulated...the Great Value name. Wal-Mart’s private-label revamp...profitability of its existing stores. Private-label sales...revamp project, said Wal-Mart was maintaining its overall... By Jonathan Birchall in New York
January 3, 2010
Walmart aims to cut supply chain cost
...Eduardo Castro-Wright, the head of Walmart’s US stores, has said that the retailer sees the opportunity...annual sales of more than $400bn, Walmart is famously tough in negotiating with...of fresh fruit and vegetables for its stores in the US, Canada and Mexico, after...cent reduction in purchasing costs. Walmart says it expects to expand the programme... By Jonathan Birchall in New York
February 7, 2010
Investors trust in happy end to US book drama
...just from Amazon but also from Walmart, Target and Costco’s discount stores, which have taken a large...Waldenbooks and B. Daulton stores while trying to compete with...in physical bookstores. The stores still deliver cashflow in spite... By Jonathan Birchall in New York
January 26, 2010
Target goes wild for salmon
...leading US food retailer to stop selling farmed salmon in its stores, citing the negative impact of salmon farming on the environment...products are available in around 1,500 of its 1,700 stores. Mr Trenor acknowledged it would not be possible to meet...levels. Leading US retailers including Target’s rival Wal-mart and Whole Foods, the natural and organic supermarket...sustainability of sea-food purchasing over the past few years. Walmart plans to continue selling farmed fish, but has said it... By Jonathan Birchall in New York
February 4, 2010
US retailers boosted by strong January
...performance from its luxury Bloomingdales stores, as it reported a 3.4 per cent increase...guidance.The performance of the prestige stores fits with recent comments from Polo Ralph...owns the Victoria’s Secret lingerie stores, reported a 6 per cent increase in...lower than Wall Street had expected. Walmart , the largest US retailer, no longer... By Jonathan Birchall in New York