Walmart news

23 July 2019
New chief of marketing announced for ecommerce operator. Previously from Unilever Mr. Vikas Gupta, previously from Unilever Indonesia, has been named at the new Chief Marketing Officer for Flipkart. Gupta has been with Unilever for more than 20 years and his last position was general manager of the home care division as well as vice-president for digital transformation. He is returning t...
02 July 2019
The company intends to spend US$1.2bn in China over the next decade to upgrade logistics. A move to be part of the “smart retail” movement Walmart made an announcement this week that it will open or upgrade more than 10 logistics centres in China. It is a move for the retailer to be better integrated with the burgeoning “smart retail” movement in the country. As part of that movement, ec...
28 June 2019
Walmart is planning to relist its Seiyu business in Japan on the stock market. Reshaping its international business The plan will free up capital helping Walmart focus on its China and India business operations. Walmart delisted Seiyu from the Tokyo Stock Exchange back in 2008. Maintain majority stake in Seiyu Walmart aims to retain a majority stake in Seiyu, but the move will allow t...
26 June 2019
Walmart China has launched a blockchain platform that will enable the retailer to track food throughout its supply chain. Walmart China Blockchain Traceability Platform The new Walmart China Blockchain Traceability Platform (WCBTP) has been created thanks to a partnership between Walmart China, VeChain (a blockchain technology company), PricewaterhouseCoopers in addition to other companies....
18 June 2019
Rakuten and Seiyu will deliver products from the Seiyu LIVIN Yokosuka Store in Yokosuka City, Kanagawa Prefecture, to visitors in Sarushima via drones. Drone service to launch on 4 July 2019 Starting on 4 July 2019, the new initiative will service Sarushima, a popular sightseeing destination and the only uninhabited island in Tokyo Bay. It will run for around three months, and Rakuten Drone...
14 June 2019
Estimated US$1.2bn to be used to strengthen operations in Flipkart. Intense competition from Amazon and other players Following renewed investments by Amazon into its India operations, Walmart has responded by setting aside up to US$1.2bn to fund Flipkart’s operations. In a recent regulatory filing, the retailer said it has cash equivalents of US$2.7bn at 30 April 2019. Of this amount, US$1...
29 May 2019
Germany’s Metro has shortlisted eight companies for its China business, a deal valued at between US$1.5bn and US$2bn as previously reported . Top retailers among the bidders Reuters news agency, citing multiple sources who cannot be named due to the confidential nature of the sale process, reports the following are joining the bid: Alibaba, in partnership with Taiwanese retailer ...
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...