Walmart

Retail
Report: Walmart CTO King Leaving The Company

Jeremy King, Walmart’s chief technology officer, is leaving the company, ending a tenure that began nearly eight years ago, CNBC reported, citing an internal memo from the retailer.

Retail
Walmart Acquires Startup Aspectiva

Walmart has acquired Aspectiva, an Israeli-based startup, for an undisclosed sum. As part of the acquisition, Aspectiva will be joining Walmart’s Store No. 8, the incubation arm launched by the retailer.

Financials
Walmart Posts Big Fourth Quarter

Walmart net sales surpassed half a trillion dollars in its last-completed fiscal year as the company’s namesake business in the United States enjoyed a 3.6% comparable sales gain bolstered by a 4.2% comp increase in the fourth quarter.

Retail
Walmart To Open New Consolidation Center

Walmart continues to expand its portfolio of high-tech distribution centers. This July, a Walmart supply chain first is coming to Colton, CA. A newly built, 340,000-square-foot high-tech consolidation center will be the first in Walmart’s supply chain to receive, sort and ship freight.

Retail
Jetblack Event Touts E-Commerce Shopping Services

Jetblack held a press reception on November 13 and conducted a public event the next day, all to help spread the word about its new shopping service, one that combines e-commerce and customized concierge-style attention, with texting the key communications link between shoppers and the business.

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