“Walmart’s Mike Duke Kicks Off 20th Annual Meeting Today at 8:50 EST”  Watch the Webcast / See the Agenda

 

“Walmart Tops in Food Sales; 2.5 times that of #2 Kroger” by Kim Souza at The City Wire.  “The RNG report indicates Wal-Mart’s food and beverage sales this year are roughly 17% of the total market shared by the top 50 retailers, which include supermarkets, quick serve restaurants and warehouse clubs.  Wal-Mart’s food and beverage sales have posted a compound annual growth rate of 5.2% since 2009. The growth rate is half that seen at Whole Foods and Dollar General, both posting double digit gains.” Read more

 

“Amazon Moves in With P&G” by Serena Ng at Wall Street Journal.  “The e-commerce giant is quietly setting up shop inside the warehouses of a number of important suppliers as it works to open up the next big frontier for Internet sales: everyday products like toilet paper, diapers and shampoo.  The under-the-tent arrangement is one Amazon’s competitors don’t currently enjoy, and it offers a rare glimpse at how the company is trying to stay ahead of rivals including discount chains, club stores and grocers.”  Read more

 

“Finance Minister:  ‘Walmart will be a speck in India’s retail market’ “ at Economic Times.  “”Walmart will be a speck in India’s retail market. India’s retail market is driven by millions of standalone stores. India’s retail market has been strengthened by Indian retail chains. So why do we assume that Walmart will make a huge difference to India’s retail market?” he told a news channel in an interview.” Read more

 

“Which Rewards Program is Best for You: Rite Aid, CVS, or Walgreens?” at Yahoo via Cheapism.  “The rewards programs at the three major national pharmacy chains all offer exclusive discounts and coupons to card holders, but they are decidedly different in other ways…Seniors receive extra incentives at Walgreens and Rite Aid, for example, and CVS has an additional rewards program for beauty product fanatics. Members of Walgreens’ free fitness rewards program can accrue points without making a single purchase.” Read more

 

“Apple Hires Burberry CEO Angela Ahrendts to Head Retail Efforts” by Ina Fried at All Things D.  “Apple said late Monday that it has hired Burberry CEO Angela Ahrendts to serve as head of its retail efforts.  Ahrendts, who will join in the spring, will server as Senior VP and report to CEO Tim Cook. She was among a list of people seen as top candidates for the position.”  Read more

 

“Target Teams Up with GoodGuide to Rate Sustainable Products” by Mary Mazzoni at Triple Pundit.  “If you’re feeling a bit of deja vu, that may be because rival retail giant Walmart released a similar standard in August 2012. At a recent meeting of employees, suppliers and nonprofit organizations, the company reported that its Sustainability Index has reached 200 product categories and more than 1,000 suppliers in the past year – with a goal of reaching 5,000 suppliers by the end of 2013.”  Read more

 

“Macy’s to open on Thanksgiving for the first time” by Alexander Collidge at Cincinnati.com.  “Macy’s Inc. is breaking with a 155-year-old tradition, announcing on Monday that it will open its stores on Thanksgiving Day.  The Cincinnati-based company said 750 of its 800 stores nationwide will open at 8 p.m. Nov. 28 – four hours before the start of Black Friday.”  Read more

 

“Wal-Mart Stores, Inc. announces its FY 2015 earnings calendar”

First quarter – Thursday, May 15, 2014

Second quarter – Thursday, August 14, 2014

Third quarter – Thursday, November 13, 2014

Fourth quarter – Thursday, February 19, 2015

Read more

 

Follow @retaileyeretail