Walmart upbeat after China success
6 years, 3 months ago

Walmart upbeat after China success

China Daily  

Consumers shop at a Walmart supermarket in Nanjing, Jiangsu province. Firm attributes strong sales show to market reforms, quality drive Robust third-quarter sales growth in China and some key markets is making US retail giant Walmart Inc upbeat about full-year earnings prospects. In addition, Walmart announced a $50 million strategic investment in New Dada, China's largest local on-demand logistics and grocery O2O e-commerce platform. McMillon said China is an important source of global retail growth, and Walmart is grabbing the opportunity by accelerating the company's omnichannel sales capabilities. "In the past five years, Walmart has been buying global e-commerce platforms and delivery platform enterprises, and pushing forward the coordinated growth of its retail sales and services.

Global China Retail Sales Walmart Retailer Stores Kpmg  stores  retail  delivery  retailers  global  ecommerce  china  sales  upbeat  retailer  success  walmart

History of this topic

Walmart set to be dethroned by e-commerce giant for first time after 12 year reign
1 month, 3 weeks ago

Walmart set to be dethroned by e-commerce giant for first time after 12 year reign

Daily Mail  

Walmart has long been the biggest retailer in the US, since it overtook Sears in 1993. While Walmart is still dominant when it comes to retail, Amazon also generates revenue through other streams such as Prime Video and its cloud computing service. 'Given the growth trajectories of the two companies, it has always been on the cards that Amazon would …

Walmart China opens two next-generation stores
2 months, 4 weeks ago

Walmart China opens two next-generation stores

China Daily  

Customers shop at a Walmart China new next-generation store in Kunming, Yunnan province, in December. CHINA DAILY Walmart China unveiled two new next-generation stores in Kunming, Yunnan province, in December, marking a major step in the retailer's transformation strategy. The new generation stores integrate customer-driven design principles across 16 themed sections, reflecting everyday consumption scenarios such as breakfast, hot pot, …

Walmart China opens two next-generation stores
2 months, 4 weeks ago

Walmart China opens two next-generation stores

China Daily  

Customers shop at a Walmart China new next-generation store in Kunming, Yunnan province, in December. CHINA DAILY Walmart China unveiled two new next-generation stores in Kunming, Yunnan province, in December, marking a major step in the retailer's transformation strategy. The new generation stores integrate customer-driven design principles across 16 themed sections, reflecting everyday consumption scenarios such as breakfast, hot pot, …

Walmart China, Meituan in strategic partnership
3 months, 1 week ago

Walmart China, Meituan in strategic partnership

China Daily  

People shop for groceries at a Walmart in Chongqing on Feb 8. Walmart China and Meituan, an online service platform, announced details of a strategic partnership on Tuesday, designed to enhance and expand real-time retail operations and capabilities. Zhu Jun, chief procurement officer at Walmart China, said the company has built an omni-channel retail matrix that combines online and offline …

Walmart keeps growing with shoppers making more than $100,000 a year
4 months, 1 week ago

Walmart keeps growing with shoppers making more than $100,000 a year

CNN  

New York CNN — Walmart’s business is surging. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior, the company said Tuesday. Walmart said it gained market share last quarter, driven “primarily from upper-income households.” Low and middle-income shoppers have traditionally formed the core of Walmart’s customer base, and they …

Walmart offloads $3.7b stake in JD
7 months ago

Walmart offloads $3.7b stake in JD

China Daily  

A moped rider passes by a Sam's Club outlet in Nanjing, Jiangsu province. YANG BO/CHINA NEWS SERVICE US retailer Walmart has sold its entire $3.7 billion stake in Chinese e-commerce platform JD and is shifting the focus to its operations in China, a move industry experts said will not have an influence on the strategic partnership of the two companies, …

Membership, discount stores gain momentum
7 months, 3 weeks ago

Membership, discount stores gain momentum

China Daily  

Consumers shop at a Sam's Club outlet in Zhuhai, Guangdong province, in June. Walmart China, which covers business formats of both its Walmart supermarkets and hypermarkets — as well as Sam's Club — has solidified its top position in the Chinese retail sector. Douglas McMillon, Walmart Inc's president and CEO, highlighted the growth in Sam's Club during the first quarter …

Membership, discount stores gain momentum
7 months, 3 weeks ago

Membership, discount stores gain momentum

China Daily  

Consumers shop at a Sam's Club outlet in Zhuhai, Guangdong province, in June. Walmart China, which covers business formats of both its Walmart supermarkets and hypermarkets — as well as Sam's Club — has solidified its top position in the Chinese retail sector. Douglas McMillon, Walmart Inc's president and CEO, highlighted the growth in Sam's Club during the first quarter …

Sam's Club to open first Shandong store in Qingdao
10 months ago

Sam's Club to open first Shandong store in Qingdao

China Daily  

Sam's Club, the upscale members-only retail chain owned by the Fortune Global 500 company Walmart, is set to open its first outlet in Qingdao. Sam's Club, the high-end warehouse club chain of Walmart Inc, announced that it will open a store in Qingdao's Shibei district, according to a cooperation agreement inked at the Opening Ceremony of the 2024 Hong Kong-Macao-Shandong …

Sam's Club to open first Shandong store in Qingdao
10 months ago

Sam's Club to open first Shandong store in Qingdao

China Daily  

Sam's Club, the upscale members-only retail chain owned by the Fortune Global 500 company Walmart, is set to open its first outlet in Qingdao. Sam's Club, the high-end warehouse club chain of Walmart Inc, announced that it will open a store in Qingdao's Shibei district, according to a cooperation agreement inked at the Opening Ceremony of the 2024 Hong Kong-Macao-Shandong …

Walmart’s business surges as shoppers hunt for low prices
10 months, 2 weeks ago

Walmart’s business surges as shoppers hunt for low prices

CNN  

New York CNN — Businesses from McDonald’s to Home Depot are struggling to attract financially strapped shoppers. Walmart said Thursday that sales at stores open at least a year increased 3.8% during its latest quarter from the same time last year. While low and middle-income shoppers have traditionally formed the core of Walmart’s customer base, Walmart also has grown with …

Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors
1 year, 4 months ago

Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors

Associated Press  

NEW YORK — Walmart extended its streak of strong quarterly gains heading into the holiday season as its low prices attract shoppers looking for deals in a tough economic environment. Americans cut back on spending in October, ending six straight months of gains and pushing retail sales down 0.1%, the U.S. Commerce Department said this week. Sales also slid at …

Walmart beats Q4 expectations but is cautious on guidance
2 years, 1 month ago

Walmart beats Q4 expectations but is cautious on guidance

Associated Press  

NEW YORK — Walmart on Tuesday reported strong sales during the holiday season as budget-conscious consumers looking for better deals on groceries and other items flocked to its stores. Though sales rebounded at stores and restaurants last month, showing shoppers are still spending despite higher prices and several interest rate hikes by the Federal Reserve in an effort to curb …

Walmart is thriving despite supply chain woes, high inflation
3 years, 1 month ago

Walmart is thriving despite supply chain woes, high inflation

Al Jazeera  

The world’s largest retailer said fourth-quarter revenue exceeded $150bn for the first time ever. Walmart’s investments over the past year, which included chartering ships, raising worker wages three times, and developing alternative streams of revenue, helped the company prepare for the holiday season without suffering higher costs, analysts said. Problems bring people to Walmart and we know that they take …

Walmart earnings: America’s largest retailer is navigating the supply chain just fine
3 years, 4 months ago

Walmart earnings: America’s largest retailer is navigating the supply chain just fine

CNN  

New York CNN Business — The supply chain crisis isn’t slowing down Walmart. Walmart on Tuesday said sales at US stores open for at least one year increased 9.2% during the three months ending October 31 compared with the same period a year ago. Walmart’s sales were aided last quarter by government stimulus payments to consumers and higher prices on …

Walmart China plans to open 500 new stores
5 years, 4 months ago

Walmart China plans to open 500 new stores

CNN  

Hong Kong CNN Business — Walmart is doubling down in China despite an economic slowdown. The Arkansas-based retailer announced Thursday that it plans to open 500 new stores in China over the next five to seven years. JD.com, China’s second largest e-commerce player after Alibaba, now hosts Walmart’s groceries and other various products on its own online shopping platform. The …

Walmart sales up despite warning signs of looming US recession
5 years, 7 months ago

Walmart sales up despite warning signs of looming US recession

CNN  

New York CNN Business — Fresh off Wall Street’s worst day of the year, Walmart calmed investors worried the US economy could fall into a recession. Walmart, a Dow stock and bellwether of consumer spending, said Thursday sales at its jumbo-size US stores increased 2.8% during its most recent quarter compared with the same period a year ago. Walmart’s results …

Walmart to invest $1.2 billion in China to boost logistics
5 years, 8 months ago

Walmart to invest $1.2 billion in China to boost logistics

CNN  

Hong Kong CNN Business — Walmart is pouring more than a billion dollars into its Chinabusiness as it faces growing competition from local rivals and online retailers. The US retail giant plans to invest around 8 billion yuan in distribution centers in China over the next two decades, it said in a statement sent to CNN Business. “Walmart continues to …

Walmart upbeat on outlook as sales global growth continues
6 years, 4 months ago

Walmart upbeat on outlook as sales global growth continues

Live Mint  

Washington: Global retail giant Walmart is more upbeat about earnings for the year, despite tamping down expectations just a month ago, after posting sales growth across all its business lines and most regions on Thursday. “Each of our segments achieved solid sales growth,” Walmart chief Doug McMillon said. At the same time, the key metric of comparable store sales rose …

‘Anxious’ Walmart holders bore in on results
6 years, 4 months ago

‘Anxious’ Walmart holders bore in on results

Live Mint  

New York: Walmart Inc. investors stomached the surprise resignation of a key international executive this week, showing that they are focused less on day-to-day drama and more on quarterly results due Thursday. The world’s largest retailer said Tuesday that Binny Bansal, co-founder and chief executive officer of its new Indian e-commerce unit Flipkart, had resigned after an investigation into unverified …

Walmart, JD kick off Aug 8 shopping festival
6 years, 8 months ago

Walmart, JD kick off Aug 8 shopping festival

China Daily  

Walmart and JD have launched an Aug 8 shopping festival as part of their efforts to further enhance the integration of customers, stores and inventory as well as to deepen their collaboration on retail supply chains. Walmart's official flagship store on JD.com has grown 500 percent in terms of sales in the first six months of this year. Currently, more …

Walmart wants to engage with its existing customers digitally: Fiona Tan
7 years ago

Walmart wants to engage with its existing customers digitally: Fiona Tan

Live Mint  

New Delhi: Walmart Labs is using the vast database of its offline customers to create its omni-channel identity, said Fiona Tan, senior vice-president of Walmart Labs while delivering a keynote address at EmTech India 2018 on Thursday. Tan, who joined Walmart in 2014, is responsible for customer technology at Walmart Labs across their e-commerce properties and physical stores. Walmart Labs, …

Walmart To Launch Online Grocery Delivery In Japan, E-Book Sales In U.S.
7 years, 2 months ago

Walmart To Launch Online Grocery Delivery In Japan, E-Book Sales In U.S.

NPR  

Walmart To Launch Online Grocery Delivery In Japan, E-Book Sales In U.S. Enlarge this image toggle caption Yuya Shino/Reuters Yuya Shino/Reuters Walmart has a laser-like focus when it comes to finding ways to compete with rival Amazon.com, and the world's largest bricks-and-mortar retailer has announced its latest attempt. Walmart Stores, Inc. is joining with Japan's largest e-commerce retailer Rakuten to …

Walmart likely to double its growth compared to Amazon with back to school sales: Report
7 years, 9 months ago

Walmart likely to double its growth compared to Amazon with back to school sales: Report

Firstpost  

Walmart’s aggressive efforts to take on Amazon seem to be gaining momentum even as other retailers and department store chains struggle. Walmart Stores Inc’s online sales is likely to grow double than Amazon.com Inc during the back to school season, helped by the Jet.com acquisition and competitive price offerings, industry research body NPD said. An aggressive pricing and marketing strategy, …

Wal-Mart aims big in Guangdong
7 years, 11 months ago

Wal-Mart aims big in Guangdong

China Daily  

A customer buys fresh pork imported from the United States at a supermarket in Zhengzhou, Henan province. Wal-Mart Stores Inc will continue to increase its investment in Guangdong province, as it plans to add more than 40 new stores and one fresh food distribution center in the province in the next five years. Wal-Mart's expansion plan in the province was …

Wal-Mart aims big in Guangdong
7 years, 11 months ago

Wal-Mart aims big in Guangdong

China Daily  

US retail giant to open 40 new stores after signing contract with province Wal-Mart Stores Inc will continue to increase its investment in Guangdong province, as it plans to add more than 40 new stores and one fresh food distribution center in the province in the next five years. Wal-Mart's expansion plan in the province was one of the 14 …

Wal-Mart’s China revival strategy calls in JD.com and its drones
8 years, 5 months ago

Wal-Mart’s China revival strategy calls in JD.com and its drones

Live Mint  

Shanghai: Wal-Mart Stores Inc. has hit the reset button on its China strategy in dramatic fashion. Shoppers in select remote villages could even see their Wal-Mart products being delivered by drones as part of a pilot project by its Chinese partner, JD.com Inc. After unsuccessful efforts to scale up its own e-commerce network, Wal-Mart launched this week several new initiatives …

Wal-Mart strengthening strategic cooperation with JD
8 years, 5 months ago

Wal-Mart strengthening strategic cooperation with JD

China Daily  

Doug McMillon, chief executive officer of Wal-mart. Wal-Mart Stores Inc said on Wednesday in Beijing that it plans to take further steps to deepen its strategic cooperation with JD.com Inc, one of China's leading e-commerce marketplaces, as the world's largest retailer plans to further tap the retail market in China. We would like to deepen the cooperation, and deploy more …

Wal-Mart increases its shareholding in JD.com
8 years, 5 months ago

Wal-Mart increases its shareholding in JD.com

China Daily  

A pedestrian walks past a JD Mall poster in Shanghai. Yan Daming / for China Daily Wal-Mart Stores Inc is pushing more aggressively onto Alibaba Group Holding Ltd's turf. The Bentonville, Arkansas-based retailer boosted its stake in China's second-largest e-commerce website JD.com Inc, strengthening an alliance to win more market share in the world's largest online market. Wal-Mart is tapping …

Why Wal-Mart would want to buy e-commerce start-up Jet.com
8 years, 7 months ago

Why Wal-Mart would want to buy e-commerce start-up Jet.com

LA Times  

Wal-Mart is reportedly in talks to acquire the discount e-commerce start-up Jet.com in an effort to ramp up its struggling online retailing business and compete with Amazon.com. “Wal-Mart’s e-commerce growth has been slow — they have had a year-over-year decline when the overall market is still growing,” said Michelle Malison, a retail analyst with Euromonitor International. “What Wal-Mart has been …

Wal-Mart resets strategy with new partnership with JD.com
8 years, 9 months ago

Wal-Mart resets strategy with new partnership with JD.com

China Daily  

A man fixes a display in the aisle at a Wal-Mart store in Miami, Florida. [Photo provided to China Daily The new alliance between Wal-Mart Stores Inc and JD.com Inc is expected to give Wal-Mart wider customer access and offer a fresh start to its struggling retail business in China. Wal-Mart said the alliance expands its opportunity in e-commerce and …

Wal-Mart to sell its China e-commerce operation to JD.com
8 years, 9 months ago

Wal-Mart to sell its China e-commerce operation to JD.com

China Daily  

A woman examines goods on sale at an outlet of Wal-Mart Inc in Yichang, Hubei province. Wal-Mart Stores Inc is selling its e-commerce operation in China to JD.com Inc in exchange for the Chinese e-commerce major's five percent stake. Under the agreement, JD.com, which is the biggest rival of Alibaba Group, will take ownership of Wal-Mart's Yihaodian online marketplace and …

Wal-Mart steps up online efforts in China as a key to future
8 years, 10 months ago

Wal-Mart steps up online efforts in China as a key to future

The Hindu  

Wal-Mart’s tiny warehouse in eastern Shanghai doesn’t look like much. It’s one of 250 hubs that Wal-Mart’s Yihaodian e-commerce venture owns and operates in 200 cities, mostly concentrated in eight key cities like Shanghai and Beijing. Wal-Mart has been stepping up its efforts to get a bigger share of China’s overall online business, which now has surpassed the U S …

Wal-Mart to open 60 new stores by 2017
8 years, 11 months ago

Wal-Mart to open 60 new stores by 2017

China Daily  

A cashier at a Wal-Mart outlet in Shanghai. Part of retailer's effort to integrate businesses in a tough market Wal-Mart China is opening 60 new stores in the country by 2017 as part of its efforts to integrate its hypermarkets, membership stores and online platform to offer customers more convenience and quality products in a highly-competitive retail market, the company's …

Wal-Mart, Carrefour adapt to Web revolution
9 years, 3 months ago

Wal-Mart, Carrefour adapt to Web revolution

China Daily  

A clerk helps a customer at the fish counter at the Sam's Club outlet on the far western edge of Beijing, China. Sam's Club, the premium and membership retail format of the world largest retailer Wal-Mart Stores Inc, joined forces in November with its sister company Yihaodian, one of China's leading e-commerce platforms for fast-moving consumer goods. Hypermarkets in China …

Local produce, local talent key for store chain[1]- Chinadaily.com.cn
9 years, 6 months ago

Local produce, local talent key for store chain[1]- Chinadaily.com.cn

China Daily  

Sean Clarke, president and CEO, Wal-Mart China To coincide with President Xi Jinping's first state visit to the United States, China Daily asked senior executives with American companies for their opinions on China's business environment. We have also made significant progress by launching Wal-Mart To Go in 23 stores in Shenzhen, giving customers the convenience of ordering through Wal-Mart's mobile …

Local produce, local talent key for store chain[1]- Chinadaily.com.cn
9 years, 6 months ago

Local produce, local talent key for store chain[1]- Chinadaily.com.cn

China Daily  

Sean Clarke, president and CEO, Wal-Mart China To coincide with President Xi Jinping's first state visit to the United States, China Daily asked senior executives with American companies for their opinions on China's business environment. We have also made significant progress by launching Wal-Mart To Go in 23 stores in Shenzhen, giving customers the convenience of ordering through Wal-Mart's mobile …

Wal-Mart makes online shopping steps for growth
9 years, 10 months ago

Wal-Mart makes online shopping steps for growth

China Daily  

An outlet of Wal-Mart in Yichang, Hubei province. Wal-Mart Stores Inc, the multinational retail conglomerate, launched an online-to-offline mobile platform in Shenzhen, Guangdong province, on Tuesday, looking for new business growth amid challenges brought about by the booming online shopping. The newly launched platforms include a mobile shopping application, named "Walmart to Go", online shopping sections in physical stores and …

Sam's Clubs not the answer for Wal-Mart
10 years, 3 months ago

Sam's Clubs not the answer for Wal-Mart

China Daily  

Wal-Mart Stores Inc, ailing in China for many years, plans to open a further seven Sam's Club membership stores across the mainland over the next three years. A key reason for Wal-Mart's underwhelming performance is also the main reason behind much of its global success, which is based on its "every day low prices" strategy. Sun Art offers a "Chinese …

Walmart plans more hypermarkets[1]- Chinadaily.com.cn
10 years, 9 months ago

Walmart plans more hypermarkets[1]- Chinadaily.com.cn

China Daily  

A Walmart supermarket in Yichang, Hubei province. Walmart China will continue to grow hypermarkets and high-end membership format Sam's Clubs in the next three years even as it further develops its home delivery and e-commerce business in the country, top company officials said on Wednesday. Greg Foran, head of Walmart Asia and former president and CEO of Walmart China, said …

More Sam's Club stores set to open[1]- Chinadaily.com.cn
11 years, 8 months ago

More Sam's Club stores set to open[1]- Chinadaily.com.cn

China Daily  

A Sam's Club outlet in Guangzhou, Guangdong province. Wal-Mart targets affluent Chinese families in drive for expansion Wal-Mart Stores Inc said it will open more Sam's Club stores - membership-only warehouse clubs targeting affluent Chinese families - in the next two or three years to cope with the slowdown of its hypermarket business. The world's largest retailer by revenue is …

Walmart to open first India store within 18 mnths
12 years, 6 months ago

Walmart to open first India store within 18 mnths

India TV News  

New York, Sep 21: Walmart Stores Inc has said it is capable of opening stores within 12 to 18 months in India, a media report says. “The company is capable of opening stores within 12 to 18 months and would be seeking permission to do so from states that have already indicated their willingness to have the US retailer set …

Discover Related