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“Walmart Shutters Goodies Subscription Service” by Katie Evans at Internet Retailer. “The Goodies Co., a subscription service from @WalmartLabs that launched as a test late last year, announced on its site that it is shuttering its operations. Goodies subscribers received a surprise box of food items at their doorsteps once a month for $7 […]
“Dollar General Beats Walmart for ‘Cheapest Basket’ “ at Kantar Retail “Dollar General’s total basket was the least expensive among retailers surveyed, edging out Walmart Supercenter’s basket by just $0.12. This represents a substantial closing of the gap in the survey conducted last year, when Dollar General’s basket of OPP items was 18% cheaper […]
“Amazon Revenue Jumps 24%” by Greg Bensinger & Michael Calia at WSJ. “In its core North American market, Amazon sales climbed 30% to $9.5 billion. For the third quarter, Amazon narrowed its loss to $41 million, or 9 cents per share, compared with a year-earlier loss of $274 million, or 60 cents per share, […]
“Wal-Mart to open up to 110 new China stores by 2016” by Matthew Miller at Reuters. “Wal-Mart will open up to 110 facilities in China between 2014 and 2016, in addition to the 30 it has already opened this year, it said at a press event in Beijing on Thursday. Wal-Mart has closed 11 […]
“Walmart Pursues Three Year Exclusivity Agreements with Vendors” by Kim Souza at The City Wire. “Wal-Mart is working with key suppliers providing three-year contracts, over the typical one-year deals. “Suppliers know they can get $300 million annually / for three years when they give us better costs and access to better exclusive product,” Duncan […]
“Wal-Mart studies HEB for lesson in ‘fresh’ “ by Kim Souza at The City Wire. “Jack Sinclair (EVP Grocery) last week told a group of analysts attending the retailer’s annual investor meeting that “HEB is the best food retailer in the world, particularly on fresh.” He said Wal-Mart opened an office in San Antonio to […]
“To Catch Up, Walmart Moves to Amazon Turf” by Claire Cain Miller & Stephanie Clifford at NY Times. “Walmart is trying hard to prove it is one of the cool kids. For example, at press events in Bentonville, Ark., Walmart’s headquarters, the menu tends to be ham sandwiches, chips and iced tea. At a recent […]
“Kroger names next president and COO” by Alexander Coolidge at Cincinnati Enquirer. ” Michael L. Ellis will become president and chief operating officer, effective Jan. 1 – replacing Rodney McMullen who is set to become chief executive on the same day…Ellis, 55, has been senior vice president of retail divisions since 2012, where he leads […]