Hints and tips:
...By the time Sam Walton opened his first Wal-mart in Rogers, Arkansas, in 1962, his playbook to build a global retail giant was already drafted....
...Yet, as Charles Fishman wrote in The Wal-Mart Effect in 2006, Walmart derives all of its impact from us, “from our willingness to open our wallets, just a few dollars at a time . . ....
...Chief executive Doug McMillon said: “We are pleased that we can see real progress stemming from our strategic choices and we appreciate the great work by our associates. Yet, we are not satisfied....
...Wal-Mart Stores (Retail) 48. Home Depot (Consumer Goods) 49. Yahoo! (Technology) 50. Morgan Stanley (Finance) 51. Discovery Communications (Media) 52. Colgate-Palmolive (Consumer Goods) 53....
...Now let’s suppose that in the US, the chairman of Wal-Mart could become the chairman of Procter & Gamble. That would be an obvious case of conflict of interest and there would be no denying it....
...Jamie Dimon’s also in the NY Observer disguising JPMorgan as Wal-Mart. Second — Wal-Mart has a return on equity north of 20 per cent. JPM’s is 10.55 per cent....
...Wal-Mart is a striking example of the shift in value from services to resources and heavy engineering, falling from 7 last year to 19....
...Retailers Tesco and Wal-Mart are reportedly among the companies to have expressed an early interest in the facility created by the Carbon War Room, the business-led green campaigning group....
...Mr Buffett himself has pointed to retail giant Wal-Mart as a family business that successfully opted for professional managers after the death of Sam Walton, its founder, in 1992....
...The US mutual fund industry is keeping close tabs on the progress of more than 20 lawsuits that allege companies such as Wal-Mart, Lockheed Martin and Boeing breached their fiduciary duties to employees...
...Customer traffic at the US stores grew “to levels we have not seen for several years,” said Eduardo Castro-Wright, the head of Wal-Mart’s US division....
...While Wal-Mart has slowed its US store growth as it faces an increasingly saturated market for its large stores, it still expects to open more than 125 Supercenters this year....
...Mr Castro-Wright also gave details of Wal-Mart’s gains from budget-minded shoppers “trading down” to its discount stores, saying that 27 per cent of the company’s sales growth in February was from new customers...
...He also said he expected other retailers to follow Wal-Mart’s lead in abandoning the monthly figures. “It’s going to take someone like a Wal-Mart to take the lead to do this,” he said....
...The opportunity turned out to be Wal-Mart....
...The pace will slow slightly as fewer superstore openings mean that the company expects to add only 22,000 “associates” (Wal-Mart’s chosen euphemism) compared with 38,000 in the last financial year....
...Eduardo Castro-Wright, the head of Wal-Mart’s US stores since 2005, has also been an advocate of testing new smaller, more focused formats, and raised the idea of turning the Neighbourhood Market into a...
...Eduardo Castro-Wright, head of Wal-Mart USA, said comparable sales for the past 52 weeks were three times higher than the previous year. “Clearly, our stores are performing very well,” he said....
...But Eduardo Castro Wright, chief executive of Wal-Mart USA said the retailer believed it had continued to gain market share, and that customer numbers increased for the third month in a row....
...Mr Castro-Wright also argued that Wal-Mart’s dominance would be further reinforced by the recent drop in petrol prices, which he said had “almost immediately” affected the behaviour of Wal-Mart’s customers...
...Mr Castro Wright’s comments suggest that Wal-Mart’s new high efficiency outlets will still feel like stores, even with a big online presence....
...Wal-Mart is a case in point....
...RFID, in particular, attracted a lot of attention at the beginning of the decade, with large retail groups such as Marks and Spencer and Wal-Mart using the technology to track goods in their warehouses and...
...“Due to the difficult economy and severe winter weather in some regions, the holiday season was more challenging for retailers than expected,” said Eduardo Castro-Wright, head of Wal-Mart’s US stores....
...Eduardo Castro-Wright, head of Wal-Mart USA, said its stores had again seen a rise in customer traffic against the same period last year. “We see more customers shopping more often at Wal-Mart....
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