December 15, 2015 by MMR
Issue 12-14-2015
BENTONVILLE, Ark. — Walmart generated headlines in February with the announcement that it would raise the baseline pay of its store associates. Walmart generated headlines in February with the announcement that it would raise the baseline pay of its store associates. But as significant as the move was, it was only one element of a
December 15, 2015 by MMR
Issue 12-14-2015
SAN BRUNO, Calif. — The mission of Walmart’s global e-commerce business, based here in Silicon Valley, is to develop world-class e-commerce capabilities and then integrate them with the company’s formidable strengths in brick-and-mortar retailing, in order to meet consumers’ growing demand for a seamless omnichannel shopping experience. The mission of Walmart’s global e-commerce business, based
December 15, 2015 by MMR
Issue 12-14-2015
SAN BRUNO, Calif. — Walmart, which has long been known for the efficiency of the distribution network that serves its brick-and-mortar stores, is leveraging those existing assets as it creates the "next generation fulfillment network" to support its omnichannel retailing model. Walmart, which has long been known for the efficiency of the distribution network that
December 15, 2015 by MMR
Issue 12-14-2015
SAN BRUNO, Calif. — Walmart’s growing operation here is evidence of the retailer’s commitment to make the investments necessary to compete and win in e-commerce. Walmart’s growing operation here is evidence of the retailer’s commitment to make the investments necessary to compete and win in e-commerce. The company currently employs about 2,200 people in its
December 15, 2015 by MMR
Issue 12-14-2015
BENTONVILLE, Ark. — The opportunity to apply data science and digital technology to old-fashioned retailing fundamentals makes this an exciting time for Sam’s Club, says senior vice president and chief member officer Tracey Brown. The opportunity to apply data science and digital technology to old-fashioned retailing fundamentals makes this an exciting time for Sam’s Club,
December 15, 2015 by MMR
Issue 12-14-2015
BENTONVILLE, Ark. — Getting the merchandise assortment right is important for any retailer, but it is particularly critical for Sam’s Club, which has to meet its members’ needs with a limited assortment. Getting the merchandise assortment right is important for any retailer, but it is particularly critical for Sam’s Club, which has to meet its
December 14, 2015 by MMR
Issue 12-14-2015, Issues
December 14, 2015 by MMR
Black Friday, Cyber Monday, ShopperTrak
2015, Issue 12-14-2015, Issues
NEW YORK – Surging online sales contrasted with disappointing brick-and-mortar volume as the holiday shopping season got under way. E-commerce purchases soared 14% on Cyber Monday to a record $3 billion plus, causing websites including target.com to temporarily crash from overuse. In-store crowds for Black Friday, by comparison, were thinner than expected. ShopperTrak estimated brick-and-mortar
December 14, 2015 by MMR
chief executive officer Doug McMillon, Michael Francis, Stephen Quinn, Target Corp. marketing chief, Walmart
2015, Issue 12-14-2015, Issues
BENTONVILLE, Ark. – Walmart confirmed earlier this month that the company’s head of marketing, Stephen Quinn, will be retiring from the company. According to Walmart spokeswoman Deisha Barnett, Quinn will step down on January 31. In conjunction with the Quinn announcement, Walmart said that it plans to hire former Target Corp. marketing chief Michael Francis
December 14, 2015 by MMR
BJ’s Wholesale Club Inc., Christopher Baldwin, Laura Sen
2015, Issue 12-14-2015, Issues
WESTBOROUGH, Mass. – BJ’s Wholesale Club Inc. announced earlier this month that it had promoted Christopher Baldwin as the company’s chief executive officer, effective February 1. Baldwin, who joined BJ’s in September as chief operating officer, succeeds Laura Sen in the CEO role. Both Sen and Baldwin will continue to serve on the company’s board.
December 14, 2015 by MMR
Albertsons, Cerberus Capital Management, IPO, Safeway, Securities and Exchange Commission
2015, Issue 12-14-2015, Issues
BOISE, Idaho – Albertsons is preparing for an initial public offering of stock and has reacquired 33 of the stores it was forced by antitrust regulators to sell ahead of its buyout of Safeway. Albertsons last month filed an amended S-1 form with the Securities and Exchange Commission regarding its IPO. The company expects to
December 14, 2015 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance Inc.
2015, Issue 12-14-2015, Issues
DEERFIELD, Ill. – As has been expected, Walgreens Boots Alliance Inc. and Rite Aid Corp. announced earlier this month that the two companies have each received a request for additional information (“second request”) from the Federal Trade Commission in connection with WBA’s proposed acquisition of Rite Aid. The second request was issued under notification requirements