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Walmart’s Charles Holley Jr., Executive VP & CFO, Presents at 2013 Consumer & Retail Conference (3/12/13). Highlights from Bank of America / Merrill Lynch conference: * Believes delayed tax returns impacted Jan. sales slowdown much more than the new payroll tax. * Recent partnership with Nielsen allows Walmart to work more “surgically” with vendors […]
“NASCAR Sees Growth In Fan Involvement From Partnership With Walmart” by Alicia Jessop at Forbes. “The birth of the Walmart partnership was predicated upon an internal business decision made by NASCAR. ”Before forming NASCAR Team Properties to consolidate a lot of the merchandising rights in the business, all of our rights from a retail […]
“Target Letting Its Geek Flag Fly” by Rick Moss at Forbes. “Target’s test partnership offering Geek Squad services to its customers began last year in Denver. Given that both companies agreed to extend the trial to more markets is an early indication that the arrangement is working out. On Target’s fourth quarter earnings call, […]
“Walmart Launches Online Site That Connects Shoppers with Products Supporting Small Women-Owned Businesses Around the World” “As merchants, we’re always looking for new products to share with our customers that are quality, on-trend and priced right,” said Kelly Thompson, senior vice president of merchandising, Walmart.com. “The products from the Empowering Women Together collection deliver […]
“Why Walmart Is Betting Big On Small Stores” by Lydia Dishman at Forbes. “Big box is so last decade. That’s why Walmart is upping the ante on its expansion efforts with smaller stores. According to Bill Simon, head of Walmart’s U.S. division who spoke on an industry conference call yesterday, “They compete really well against […]
“Google’s Rumored Target and Walmart Alliance Could Scare the Prime Out of Amazon” by Louis Bedigian at Benzinga. “Google is reportedly working on a new shopping service to take on Amazon Prime. According to TechCrunch, the new service (which is being referred to as “Google Shopping Express”) will retail at $64 or $69 a […]
Home Depot Presents at Raymond James Institutional Investors Conference (3/4/13) Presented by Home Depot’s Kevin Hoffman — President, Online Highlights: * 50% of Home Depot sales involve online properties in some shape or form * Aim to have endless aisles * 600,000 skus online vs. 35,000 in typical store * One in four hit […]
“Wal-Mart Anxious to Combat Amazon’s Lead in Web Vendors” by Renee Dudley at Bloomberg. “Wal-Mart Stores Inc. is “anxious” to take on Amazon.com Inc.’s Marketplace, where independent merchants sell millions of products. According to minutes from a Feb. 1 officers meeting led by U.S. Chief Executive Officer Bill Simon, Wal-Mart considers Marketplace Amazon’s “number […]