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Walmart

Walmart sees online sales boost in 3Q

Walmart sees online sales boost in 3Q

BENTONVILLE, Ark. — Walmart reported better-than-expected comparable store sales gains in the third quarter. Walmart’s third quarter also include a strong performance by its online business, with net e-commerce sales increasing 50% in the quarter. “We are pleased with the strong results in the quarter across each of our business segments,” Walmart president and chief

NRF to honor Walmart’s Doug McMillon as ‘Visionary’

NRF to honor Walmart’s Doug McMillon as ‘Visionary’

WASHINGTON — The National Retail Federation will recognize Walmart president and chief executive officer Doug McMillon as “The Visionary,” an annual award honoring outstanding retail industry leaders The award will be presented to McMillon at the 2018 NRF Foundation Gala on Jan. 14 in New York City. “From risk-taking acquisitions like Jet.com to investing in

Walmart ‘moving with speed to win with customer’

BENTONVILLE, Ark. — The growing convergence of its physical and digital assets has put Walmart in the retail sector’s sweet spot, according to company executives. “We have good momentum in the business, we’re executing our strategy and moving with speed to win with the customer, who is more connected than ever and embracing tools that

Industry does its part as another natural disaster hits

NEW YORK — Community pharmacy operators continue to respond to an unprecedented string of natural disasters across the United States. CVS Pharmacy, Walgreens, Rite Aid Corp., Discount Drug Mart, Albertsons Cos., Kroger Co. and Walmart are among the community pharmacy operators contributing funds and other assistance. The Albertsons Cos. Foundation organized an in-store fund-raiser to

Crossmark tabbed as Walmart preferred service provider

Crossmark tabbed as Walmart preferred service provider

PLANO, Texas — Sales and marketing specialist Crossmark Inc. has been selected by Walmart as a preferred service provider. With the Walmart preferred service provider designation, Crossmark said it’s one of five companies allowed to execute merchandising activity on behalf of suppliers in about 5,000 Walmart stores nationwide. Crossmark noted that, with the Walmart agreement

Emerson Group event explores changing HBA sector

Emerson Group event explores changing HBA sector

PHILADELPHIA — The health and beauty aids business is changing fast, and speakers at the recent Emerson Group Industry Day event here noted that companies will need new skills, as well as nerve, agility and vision, if they are to remain relevant. Emerson Marketing executive vice president Matt Poli set the stage for the 10th

Walmart eyes bigger piece of online sales pie

Walmart eyes bigger piece of online sales pie

BENTONVILLE, Ark. — Walmart expects that its U.S. online sales will grow 40% in its next fiscal year, which starts on Feb. 1. That forecast came ahead of the annual Walmart analysts meeting on Tuesday, during which the company announced plans to redesign its website, double its number of online grocery pickup locations (currently 1,000)

Chains step up as Hurricane Irma takes toll on business

NEW YORK — Hurricane Irma, one of the most powerful storms ever to hit the United States, sent retail spending in the Miami, Fort Lauderdale and West Palm Beach area of Florida spiraling downward, with sales plunging more than 72% over a three-day period, according to payment technology company First Data Corp. The company, which

Most of all, today’s beauty shoppers want value

Most of all, today’s beauty shoppers want value

NEW YORK — The secret weapon in the battle for the $62 billion that U.S. customers spend on beauty care and cosmetics just might be something mass retailers had all along — steep values. While drug, discount and supermarket chains have burnished their image in beauty with illumination, upgraded products and elevated service, it turns

Recovery from Hurricane Harvey begins

Recovery from Hurricane Harvey begins

ARLINGTON, Va. — Though Hurricane Harvey has dissipated, it has left many in the Greater Houston area as well as parts of southwestern Louisiana reeling in its aftermath. From initial estimates it appears Harvey’s economic impact will be every bit as staggering as its winds were. Financial analysis firm Moody’s Analytics tallies the costs of

Retailers lend hand in Hurricane Irma relief

Retailers lend hand in Hurricane Irma relief

NEW YORK — Retailers stepped forward to help with relief efforts for Hurricane Irma even as they continued their own recovery efforts to get stores and other facilities back into operation. Across Florida, where Irma made landfall in the continental United States last Saturday, drug chains, supermarkets and mass merchandisers shuttered stores as winds topping

Reports: Walmart to streamline U.S. operations

Reports: Walmart to streamline U.S. operations

BENTONVILLE, Ark. — Walmart is streamlining its U.S. store operations to respond more quickly to change, according to published reports. The consolidation will reportedly organize retailer’s domestic store operations into four divisions, down from six. As part of the restructuring, Walmart will also have 36 regional managers instead of 44, a source told Reuters. “Our

Walmart, Google teams up on voice-controlled shopping

BENTONVILLE, Ark. — As of this month, Walmart shoppers will have another convenient way to purchase hundreds of thousands of products from the retail giant — via the Google Express e-commerce platform, Google Inc.’s online shopping mall. Both companies announced the partnership last month — a joint venture that could rival Amazon.com Inc.’s position in

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