Walmart

Retail
Walmart Adds New Gift Shopping Features

This holiday season, Walmart has added new features to make online shopping easier for gift givers, the company announced, including new categories in the Gift Finder tool, new ways to inform customers which items can be sent as a gift and a new eGift Card feature in the Walmart app.

Retail
Placer: Early Shopping Stirs Change In Unique Holiday Season

According to a Placer.ai whitepaper report, the 2020 holiday shopping season kicked into high gear long before the leaves changed colors, with consumer concerns over unemployment and uncertainty about meeting-up with friends and families to exchange holiday gifts prompting consideration of new ways to celebrate, not to mention Amazon’s shift of Prime Day.

Retail
Walmart Signs Seiyu Deal With KKR, Rakuten

In a deal that reduces its role in the Japanese retail market, Walmart has signed a definitive agreement with investment firm KKR & Co. and Internet services provider Rakuten under which KKR will purchase a majority stake and a new Rakuten subsidiary will purchase a minority stake in Seiyu GK at $1.6 billion.

Retail
Walmart To Sell Argentina Business

Walmart has agreed to sell its business in Argentina to Grupo de Narváez, a Latin American group. The new ownership, which has retail operations in Argentina, Ecuador and Uruguay, brings strong local expertise that will position the business.

Retail
Alibaba Acquires Controlling Stake In Sun Art

In a move that further intensifies its competition with Walmart and Amazon, Alibaba Group said it will invest approximately $3.6 billion in Sun Art Retail Group Limited, a leading hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately 72%.

Retail
Walmart Launches Black Friday-Style Deals

On Sunday, October 11 at 7 p.m. eastern time through Thursday, October 15, Walmart customers can shop thousands of Black Friday-like deals on the company’s website, including discounts on small appliances and cleaning electrics.

Retail
Walmart Holds Virtual Open Call Event

More than 800 small businesses from across the country pitched their U.S.-manufactured products during 30-minute, one-on-one meetings with Walmart and Sam’s Club merchants as part of the company’s first-ever virtual Open Call event. Approximately 56% of these businesses self-report as diverse, and more than 175 received a “yes,” advancing them to the next stage in the process to land on store and club shelves.

Retail
Walmart Selling Asda Supermarket Business

Walmart is selling Asda, the company’s wholly owned U.K. business, for an enterprise value of £6.8 billion, on a debt-free and cash-free basis. The company is selling the chain to the Issa brothers, founders and co-CEOs of EG Group, a global convenience retailer, and investment funds managed by TDR Capital, a private equity firm.

Retail
Pandemic Resets Housewares Retailing Balance Of Power

Normal is never going to look the same again, and although circumstances are shaping up to provide profound opportunity for housewares and home furnishings retailers, the emerging marketplace is going to require sweeping, even radical, departures from past practices.

Retail
Walmart Prepares Approach To Unique Holiday Season

After reviewing changing customer shopping behaviors and speaking with customers over the past six months, Walmart plans to address three key shopping trends expected for this unique holiday season: an increase in online shopping, evolving wish lists and the need for a fast, easy and safe shopping experience.

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