Wednesday Tipsheet: Wmart Brazil ‘Hopeless’? | Costco CFO Invests in Startup | Miranda Lambert @ Wmart


“Wal-Mart de Mexico’s Net Profit Down on Year” by Anthony Harrup at WSJ.  “Sales rose 2.2% to 102.6 billion pesos…Walmex Chief Executive Scot Rank said the company continued to see lower customer traffic at its Sam’s Club membership stores, which account for 26% of its sales in Mexico.”  Read more


“Why Is Miranda Lambert Working at Walmart?” at Wild Country 97.1.  “Miranda Lambert served a lot of happy customers over the weekend.  The country megastar and avid animal lover worked outside a Walmart in Madill, Okla. to find forever homes for several shelter dogs.”  See the pics / Read more


“Home Depot Merchant Bolts for Tuesday Morning” by Maria Halkias at Dallas News.  “Tuesday Morning Corp. said it has hired Melissa Phillips to be executive vice president and general merchandise manager…Phillips has 15 years of experience buying merchandise for major retail chains. Since 2009, she’s been the general manager for The Home Decorators Collection at Home Depot.”  Read more


“Walmart Brazil ‘Hopeless’ ?” by Renee Dudley at Bloomberg.  “Wal-Mart is still losing money there two decades after entering South America’s biggest market, acquiring two local chains in the mid-2000s and opening more than 500 stores…“Brazil feels hopeless,” Michael Exstein, an analyst for Credit Suisse Group AG in New York, said in an interview.”  Read more


“Costco CFO Richard Galanti an Investor in Travel Planning Service – Utrip” by Steven Loeb at Investor News.  “Utrip is a new kind of travel guide, which combines both artificial intelligence, as well as human experience, to create personalized, and off the beaten track, itineraries.”  Read more


“Wal-Mart Set to Reveal How Compliance Moved Executives’ Pay” by Emily Chasan & Joel Schectman at WSJ.  “The results are in, the board has voted on how last year’s compliance objectives went, and they said this has done so well that this will be part of our regular corporate governance,” Jay Jorgensen, global chief compliance officer at Wal-Mart said at the Dow Jones Global Compliance Symposium in Washington, D.C,. on Tuesday.”  Read more


“Canada: Sobey’s CEO Interview” by Karl Moore at The Globe & Mail.  “It’s the customers who call the shots and our purpose is to always be a step ahead, to be there, and listen and try to extrapolate. You can’t extrapolate too far away because then what you will end up with is that you might be out of touch with the actual.”  Read more


“Publix Opens 5th Store in Charlotte Area Today” by Jennifer Thomas at Charlotte Bus. Journal.  “The 58,000-square-foot location is at 3110 Fincher Farm Road in the McKee Farms Shopping Center. The Lakeland, Fla. grocer spent the past six months transforming the site, a former BiLo grocery location.”  See the 20 pics / Read more


“GameStop to open 300 to 400 new technology stores” by Maria Halkias at Dallas News.  “GameStop CEO Paul Raines told analysts on Tuesday that each one of its three new technology store brands have the potential to become $1 billion businesses.  While GameStop is closing about 120 to 130 U.S. stores this year, it expects to open or buy 300 to 400 stores from its newly acquired brands.”  Read more


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