Wal-Mart's Latest E-Commerce Strategy Is a Big Risk
( Wal-Mart NYSE:WMT) has been an aggressive player in the e-commerce market over the past 18 months. Since acquiring Jet.com last year and installing Marc Lore as head of U.S. e-commerce, Wal-Mart has seen online sales surge. Wal-Mart's various online stores saw sales increase 60% year over year in the second quarter.
Here's a map of where Walmart is closing more than 60 Sam's Club stores
Walmart on Thursday abruptly announced plans to close more than 60 of its Sam's Club locations, or nearly 10 percent of its store fleet, across the country. The wholesale club locations closing span from Alaska to Puerto Rico. Some of the shuttered stores will be converted into e-commerce fulfillment facilities, the company said.
Walmart's timing is 'ridiculous,' 'there's no strategy here,' says brand analyst
Daniel Acker | Bloomberg | Getty Images Walmart said it would raise the minimum hourly wage from $9 to $11, a move that would cost up to $400 million a year. The company also said it would hand out one-time bonuses of up to $1,000, depending on the length of each employees' individual service.
Walmart's Shiny New $11 Minimum Wage Isn't Really A Result Of The Tax Law
The retail juggernaut announced it would raise its minimum starting wage to $11 per hour, hand out between $200 and $1,000 in bonuses to current employees and expand its parental leave benefits. Walmart CEO Doug McMillon in a press release " Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S."
Walmart May Beat Amazon's Sales Growth in Back-to-School Season
Walmart's online sales is likely to grow double than Amazon.com 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, coupled with the fact that Amazon's business has reached maturity in back-to-school sales, will see Wal-Mart winning the online retail tussle this back-to-school season, NPD chief analyst Marshal Cohen told Reuters.
Students survive 48 hours in Walmart without going insane or getting arrested
CLOSE INDIANAPOLIS - How long did it take Indiana University students Christian Perry and Noah Maxwell to grow tired of the Walmart atmosphere as they embarked on a journey to spend two consecutive days in the ubiquitous big-box store? "About 35 minutes in because I was already getting sick of it," Perry said with a laugh.
Police in Paragould, Arkansas said someone may have dumped dozens of snakes in the parking lot of the popular box store. Calls came in Sunday night. Many thought they were dangerous poisonous snakes like copperheads or water moccasins, KAIT reported. Luckily one of the police officers knew the slithery serpents and determined they were all not venomous.
Walmart thinks it has 4 strategic advantages over Amazon (WMT) | 04/07/17 | Markets Insider
The war between Amazon and Walmart is well known in the world of retail. In order to win over customers, the two retailers have been trying to one-up each other by slashing prices. At an event hosted by investment bank Jefferies, David Cheesewright, president and CEO of Walmart International, said he was optimistic about the future prospects of his company's digital business.
Wal-Mart Stores, Inc. (), doing business as Walmart, is an American multinational retailing corporation that operates as a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969.
Jet.com is an American e-commerce company headquartered in Hoboken, New Jersey. The company was cofounded by entrepreneur Marc Lore (who had sold his previous company, Diapers.com, to Amazon.com) along with Mike Hanrahan and Nate Faust, and has raised $820 million over four venture rounds from firms including Google Ventures, Goldman Sachs, Bain Capital Ventures, Accel Partners, Alibaba Group, and Fidelity.