Walmart news

01 April 2019
The Japan External Trade Organisation is offering small to medium-sized domestic retailers free access to global ecommerce platforms to help them sell products in 18 markets abroad. Supporting smaller retailers grow online The initiative is expected to increase trade for local businesses, maximising the global popularity of Japanese products around the world. Twenty four ecommerce operators...
27 February 2019
Retailer partners with PhonePe to launch a unified payment interface (UPI) Kirana owners will benefit the most Members shopping at Walmart India’s Best Price stores can now make use of the PhonePe app to pay for their purchases. The system is now available to the one million plus members and can be used across all 23 Best Price stores in the country. PhonePe is a digital payments platfor...
20 February 2019
Walmart released its fourth quarter and fiscal year 2019 results this week. The company finished the year with good momentum and is pleased with its performances in international markets. Walmart’s key numbers Walmart's total revenue in Q4 increased by 1.9% to US$138.8bn US comp store sales increased by 4.2%, and by 6.8% on a two-year basis, the strongest in nine years Sam's Club c...
04 February 2019
Lionel Desclée has been appointed as the new CEO at Seiyu, one of the largest supermarket chains in Japan. New Seiyu CEO from 15th March From 15th March, Lionel Desclée will takes over from Mitch Slape (interim CEO) as the new CEO of Seiyu. Desclée left management of Tom & Co earlier this year, but he remains a shareholder and member of the board. Walmart invested in Seiyu back in ...
28 January 2019
The high end membership-only retail club chain is to open 40 more stores in mainland China by end of 2019. High confidence in the market Since the first Sam’s Club opened in Shenzhen in 1996, the company now has 19 stores covering different geographic regions of China: Beijing, Shanghai, Shenzhen, Guangzhou, Fuzhou, Dalian, Hangzhou, Suzhou, Wuhan, Changzhou, Zhuhai, Tianjin, Xiamen, Nanjin...
16 January 2019
Encouraged by the 2018 success, the retailer plans to further its online/offline integration with focus areas clearly identified. Three main areas to drive further success The integration will prioritise: Fresh food distribution centres Private brands and Membership services. Below are a few highlightes of what Walmart China achieved in these areas. Fresh food accounted ...
03 January 2019
Regulatory guidelines may have significant impact for ecommerce. Takes effect on 1 February In a move aimed at promoting fair trade in India, the government has announced a series of regulations for the ecommerce industry. From 1 February 2019, online marketplaces will not be allowed to list exclusive products on its platform. Previously, manufacturers and suppliers would work with Amazon o...
13 December 2018
Flipkart, a leading Indian online market place, has committed to pushing newer categories such as furniture and groceries over the next three years. Driving grocery growth Flipkart currently provides online grocery services in four cities in India, adopting the monthly basket approach.  Its CEO Kalyan Krishnamurthy commented that Grocery is by far one of the most difficult businesses Flipka...
11 December 2018
Promotions and new hires within leadership team. Chief business officer for Walmart India appointed Following the departure of its chief operating officer, Walmart India has announced Mr. Sameer Aggarwal as its chief business officer. Mr. Aggarwal will now oversee strategy, merchandising, cost analytics, ecommerce, technology, marketing and replenishment for the retailer in India. Accord...
11 December 2018
As part of their strategic relationship, Walmart and Rakuten have opened their first ecommerce store in Japan. We look at the model being used and implications for future expansion. Products fulfilled from US inventory Earlier this year, Walmart and Tokyo-based Rakuten, announced a strategic alliance designed to optimise each company’s strengths and assets to expand their reach to new consu...