BOSTON — Walmart and Dollar General Corp. tied for the least expensive overall basket in the latest “Opening Price Point (OPP) Study” by management consultant Kantar Retail LLC. For its sixth annual survey, Kantar selected 21 categories across the edible grocery, nonedible grocery, and health and beauty aid segments, with the aim of comparing a
BENTONVILLE, Ark. — Walmart’s third quarter earnings beat analysts’ expectations, but its sales fell slightly short, dampened by food deflation and unfavorable foreign exchange rates. The company earned $3.03 billion, or 98 cents a share, during the quarter, down from $1.03 per share a year ago. Sales were $118.18 billion, up 0.7% from last year
NORWALK, Conn. — Competition among retailers for the top spot on this year’s PoweRanking list was closer than ever before, according to Kantar Retail, which said that Walmart and Kroger Co. finished in a virtual tie for first place. The 2016 edition of Kantar’s PoweRanking list showed PepsiCo and Coca-Cola Co. as the leaders among
MINNEAPOLIS — Target Corp. has hired former Walmart executive Shekar Natarajan for the newly created role of senior vice president, network planning and operational design, with oversight of Target’s direct-to-store and direct-to-customer shipping operations. Natarajan will join Target on November 20 and work out of its offices in Sunnyvale, Calif. He will report to Arthur
Norwalk, Conn. — Competition among retailers for the top spot on this year’s PoweRanking list was closer than ever before, according to Kantar Retail, with Walmart and Kroger Co. finishing in a virtual tie for first place. The 2016 edition of Kantar’s PoweRanking, the 20th, listed PepsiCo and Coca-Cola Co. as the leading manufacturers. (In
BENTONVILLE, Ark. — Walmart announced that it will slow the pace of store expansion as it accelerates its push into e-commerce. Walmart’s plans call for capital spending of about $11 billion in fiscal 2018, which starts in February. That’s about the same as this year’s capital spending but is less than the $11.5 billion in
BENTONVILLE, Ark. — Over-the-counter medications offer a first line of treatment for people with aches and pains, or minor illnesses. As vice president of O-T-C merchandising at Walmart, Annie Walker is responsible for making sure that the right products customers need to address those health needs are available on the shelf, at the low prices
BENTONVILLE, Ark. — Walmart said it will rely on additional customer service, in the form of “an army of Holiday Helpers” who will help customers move through the checkout line, as well as on low prices and additional merchandise, to drive sales during the upcoming holiday shopping season. The retailer said Thursday that it has
BENTONVILLE, Ark. — This weekend, Walmart is making another pitch to consumers to come to its stores for their health care needs. On Saturday, Oct. 15, more than 4,600 Walmart stores nationwide are slated to host Walmart Wellness Day, in which the retail giant said that for a four-hour period “nearly everyone in America” will
NEW YORK — CVS Pharmacy and Walmart are two of the nation’s most-trusted brands, according to a Reader’s Digest poll. The publisher’s second annual Trusted Brands Survey, in which Ipsos Connect conducted online interviews with more than 5,000 U.S. adults, named CVS as the most trusted national pharmacy/drug store and Walmart as the most trusted
BENTONVILLE, Ark. — Walmart has finalized its $3.3 billion acquisition of e-tailer Jet.com. The discount store giant said late Monday that with the closing of the deal, which was announced in early August, Jet.com founder and chief executive officer Marc Lore becomes executive vice president at Walmart and president and CEO of Walmart e-commerce in
BENTONVILLE, Ark. — Walmart plans to eliminate about 7,000 back office jobs at its U.S. stores over the coming months. The move is part of an effort to boost efficiency, cut costs and free store employees to spend their time on the sales floor interacting with customers. Walmart officials say the eliminated positions will not