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Walmart reportedly closer to selling Asda
British news sources are reporting that Walmart may sell its U.K.-based retailer, Asda, to a consortium led by fuel station operator EG Group and private equity firm TDR Capital. Walmart…
Author: Kim Souza
by - September 23, 2020 1:59 pm
Walmart to test drone delivery of COVID-19 testing kits in Las Vegas and New York
Walmart will test drone deliveries of COVID-19 home test kits in cooperation with Quest Diagnostics and DroneUp in Las Vegas and Cheektowago, N.Y., beginning in early October. Tom Ward, senior…
by - September 22, 2020 4:05 pm
Sales tax on July commerce up almost 15% in Northwest Arkansas
Consumers spent more money in July as stimulus checks hit their bank accounts and retail began to reopen. The four largest cities in Northwest Arkansas reported a combined 14.95% jump…
by - September 21, 2020 5:07 pm
Market watchers say Walmart should benefit from TikTok investment
While the deal for Oracle and Walmart to take a combined 20% stake in a U.S. based TikTok Global has not yet been approved, analysts are saying Walmart could be…
by - September 19, 2020 10:08 pm
Walmart to acquire 7.5% stake in TikTok; new U.S. public company to be formed
Walmart said Saturday (Sept. 19) it continues to work on the final agreements to purchase a 7.5% stake in video-sharing platform TikTok Global as well as enter into commercial agreements…
by - September 19, 2020 9:48 am
The Supply Side: Sazerac helped during wars, prohibition, now COVID-19
Stepping up in times of need is nothing new for Walmart alcohol supplier Sazerac, which for more than 150 years has worked to raise American spirits. CEO Mark Brown said…
by - September 16, 2020 2:54 pm
The holiday sales season to begin Oct. 10, earlier than normal
The Christmas creep of the past few years will move even earlier in 2020 as retailers work to pull sales forward amid a sluggish supply chain and ongoing consumer fears…
by - September 15, 2020 4:27 pm
COVID-19 continues to shutter restaurants, average sales down 34%
The U.S. restaurant sector continues to struggle and more permanent or long-term closures are expected, according to a recent survey conducted by the National Restaurant Association. The trade group said…
by - September 15, 2020 11:29 am
Marc Lore to sell 710,000 more shares of Walmart by April 2022
Marc Lore, CEO of Walmart U.S. eCommerce, entered into a new stock trading plan to sell 710,000 Walmart shares between December and April 2022. The plan is designed to comply…
by - September 14, 2020 3:18 pm
Beef markets likely to see more shocks, consumer prices higher
This year beef markets continue to experience shock waves from the dramatic beef production disruptions in the second quarter which are reflected in export data through July, according to Derrell…
by - September 14, 2020 11:28 am
Walmart still interested in TikTok despite Microsoft being rejected
Walmart said late Sunday (Sept. 13) in a filing with the U.S. Securities & Exchange Commission the retail and technology giant remains interested in TikTok, although a partnership offer with…
by - September 12, 2020 8:59 am
The Supply Side: Walmart apparel exec discusses COVID-19 challenges, successes
Walmart is not known for its apparel business. Despite the ups and downs in the discretionary category, the retail giant is committed to growing sales, according to Deanah Baker, senior…
by - September 10, 2020 11:34 am
JC Penney, Neiman Marcus make moves to survive bankruptcy
Unlike Texas-based Stages Stores and Pier One, two iconic department store chains based in the Dallas area of North Texas will survive their recent bankruptcy filings. JC Penney said late…
by - September 9, 2020 12:27 pm
Walmart is testing grocery delivery with Flytrex drone service
Walmart has launched a pilot program with Flytrex using drones to deliver groceries and household essentials in Fayetteville, N.C., according to a blog posted Wednesday (Sept. 9) by Tom Ward,…
by - September 9, 2020 11:52 am
Walmart pharmacy ready to give flu shots
Retail giant Walmart has unveiled a new digital scheduler so customers can book a flu vaccine appointment at any of Walmart’s 4,700 pharmacies. Walmart said its stores are following COVID-19…
by - September 8, 2020 4:43 pm
Walmart to hear from 850 entrepreneurs in the October virtual Open Call
Walmart has narrowed the field of prospective suppliers down to 850 participants for this year’s virtually conducted Open Call slated for Oct. 1. The retailer sifted through more than 4,800…
by - September 5, 2020 9:02 am
The Supply Side: Research firm says food spending decline tied to end of unemployment stimulus
Food retailers and manufacturers are having a banner sales year, with consumers eating fewer meals away from home. But much of the increased spending from mid-March through July was based…
by - September 4, 2020 2:59 pm
Walmart to roll out a new supplier excellence program in early 2021
This week Walmart told its more than 100,000 suppliers about its new Supplier Quality Excellence Program (SQEP) which will measure suppliers on four areas as part of an effort to…
by - September 3, 2020 5:38 pm
Tyson names Donnie King president of poultry division
Donnie King, a Tyson Foods veteran, was named Thursday (Sept. 3) as president of the meat giant’s poultry business, effective immediately. He has spent 35 years in the poultry business…
by - September 3, 2020 4:32 pm
Walmart demands all suppliers comply with 98% on-time in-full shipment rule
Walmart suppliers have been told that on-time and in-full (OTIF) shipments must be 98% complete effective Sept. 15. Suppliers not meeting the new guidance will be fined 3% of the…