Tue, Apr. 26, 2:28 PM
- Wal-Mart (WMT -0.3%) will phase out Wild Oat products from its stores after working out a deal with brand owner Yucaipa Cos., sources tell the WSJ. Wild Oats has licensed products to Wal-Mart since 2014.
- The retail chain plans to add more items from its own organic brand and stock more fresh produce after the Wild Oats products disappear.
- Earlier this week, a report from Cowen indicated that Wal-Mart and Target are both losing market share to Amazon in the grocery/consumables category.
- Previously: Amazon increases grocery market share (April 25)
Mon, Apr. 25, 8:18 AM
- A monthly consumer survey conducted by Cowen Research found that Amazon (NASDAQ:AMZN) cut deeper into Wal-Mart (NYSE:WMT) and Target's (NYSE:TGT) market share in the grocery/consumables category.
- The e-commerce giant showed 18% year-over-year growth, while sales at both Wal-Mart and Target fell back from a year ago.
- The onslaught of Amazon into groceries has pushed retail chains toward innovation. Wal-Mart is expanding its new free curbside grocery pickup service this year, while Target is experimenting with a radical new program to charge for produce by freshness not weight.
- No read Wal-Mart's Online Grocery Pickup Is A Double-Edged Sword
Thu, Apr. 21, 3:04 AM
- Wal-Mart (NYSE:WMT) is shrinking its board by three members to 12, a change that will take place after its annual shareholders meeting on June 3.
- The U.S. retailer, which posted a double-digit profit decline last year as the dollar appreciated and costs rose as it hiked entry-level wages, said a smaller board would lead to better and faster decision-making.
- Wal-Mart also disclosed that CEO Doug McMillon's total compensation, including cash and stock, was valued at $19.8M in the year ending Jan. 31, up from $19.4M in 2014.
Wed, Apr. 20, 5:54 PM
- Wal-Mart's (WMT -0.8%) board is shrinking alongside some key retirements.
- After the annual meeting on June 3, the board will drop to 12 directors from the current 15. Current members Aida Alvarez, Roger Corbett, Mike Duke and Jim Walton are not standing for re-election.
- Meanwhile, the company is nominating just one, Steuart Walton, for election.
- "With these retirements, we view this as a time to make our board more nimble, while maintaining its independence and further aligning on Walmart’s strategic priorities," says Chairman Greg Penner.
- The changes will leave the independent majority on the board at 67%.
- Now read It's Time To Find Out If Wal-Mart's Biggest Asset Is Its Store Base? »
Tue, Apr. 19, 7:34 AM
- Visa (NYSE:V) announces it launched new software to cut down on chip card processing times. The new upgrade doesn't require any changes to the chip cards held by customers.
- The reduction in the time it takes for a customer to make a payment with a chip card is seen as a benefit to retailers as large chains make adjustments. Wal-Mart (NYSE:WMT) has already made a series of moves to cut down processing times, including removing a transaction confirmation prompt.
- Visa says about one million merchants have chip card terminals or about 20% of all retail locations.
- Now read How Much Should You Pay For Visa?
Wed, Apr. 13, 8:56 AM
- Wal-Mart (NYSE:WMT) plans to take its free curbside pickup service into eight new cities this month, according to Reuters.
- The expansion will bring the total of stores with the service to over 200 in 30 different cities.
- Execs with the Bentonville giant say early data suggests that Wal-Mart is increasing its average ticket through the program. Customer satisfaction scores were also very positive.
- Earlier today, March retail sales came in behind expectations which could be significant for Wal-Mart as it accounts for a bigger chunk of the retail tally than any other company.
- Now read No Worries Over Wal-Mart, It's A Buy
Thu, Apr. 7, 1:29 AM
- Alibaba (NYSE:BABA) says that it became "the largest retail economy in the world" at the end of its fiscal year on March 31, "as measured by gross merchandise volume on its China retail marketplaces."
- The company has yet to declare its fourth quarter and full year financial results, but the announcement makes it clear that Alibaba surpassed the $482.1B figure reported by Wal-Mart (NYSE:WMT) for its fiscal year ended Jan. 31.
- SEC Form 6-K
- Previously: Alibaba to announce major transaction-volume milestone (Mar. 21 2016)
Wed, Apr. 6, 10:53 AM
- Wal-Mart (WMT) says it will transition to selling only cage-free eggs by 2025.
- The decision by the retail giant follows similar moves by McDonald's, Nestle, Starbucks, and other major food players.
- Wired has a nice breakdown on the logistical headache of making the cage-free sourcing switch on a large-scale basis, while SA contributor Michale Ostroff has his eyes on the implication for Cal-Maine (CALM +0.1%).
- Now read Keep CALM and Cal-Maine On!
Mon, Apr. 4, 7:23 AM
- March monthly performance was: +6.82%
- 52-week performance vs. the S&P 500 is: 0%
- $0.18 in dividends were paid in March
- Top 10 Holdings as of 2/29/2016: Exxon Mobil Corporation (XOM): 3.58%, AT&T Inc (T): 3.52%, Microsoft Corp (MSFT): 2.95%, Verizon Communications Inc (VZ): 2.84%, Apple Inc (AAPL): 2.7%, Johnson & Johnson (JNJ): 2.34%, General Electric Co (GE): 2.28%, Chevron Corp (CVX): 2.12%, Procter & Gamble Co (PG): 2.03%, Wal-Mart Stores Inc (WMT): 1.92%
Tue, Mar. 22, 8:37 AM
Mon, Mar. 21, 3:50 PM
- Wal-Mart (NYSE:WMT) is likely to face more fines than criminal sanctions after the broad corruption investigation against it wraps up, according to analysis from Retail Dive.
- The company is expected to be cited for Foreign Corrupt Practices Act violations over the "gifting" practice used in several different regions during business negotiations
Tue, Mar. 15, 8:49 AM
- Retail sales fell in February to mark the second month in a row of negative growth.
- Sales fell in key categories such as auto dealers (discounting?) and general merchandise stores (TGT, WMT, COST) in a disturbing trend, while gas station sales plummeted as largely expected due to prices.
- The building materials/garden equipment category showed strength, up 1.6% M/M and 12% Y/Y, as warmer weather helped traffic for companies such as Home Depot (NYSE:HD) and Lowe's (NYSE:LOW).
- Tepid traffic at restaurants has been a leading indicator that U.S. consumers aren't spending freely.
- Retail sector ETFs: XLP, XLY, VDC, XRT, VCR, RETL, RTH, FXG, IYK, PBJ, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PSL, PMR, PEZ, UGE, PSCC, PSCD, SZK, BITE.
- Previously: Retail sales slip in February, January revised significantly lower (Mar. 15 2016)
Tue, Mar. 15, 7:31 AM
- Wal-Mart (NYSE:WMT) intends to remodel stores in Japan instead of opening in new locations amid uneven consumer spending in the region.
- Despite an increase in retail competition, the company's same-store sales in Japan have stayed in positive territory. On a long term view, Wal-Mart execs are thinking expansion over exit.
- Wal-Mart operates a total of 346 retail units in Japan (97 Seiyu Hypermarket, 239 Seiyu Supermarket, 1 Seiyu General Merchandise, 9 Livin).
Wed, Mar. 9, 1:09 PM
- Moody's issues a positive long-term outlook on Wal-Mart (WMT -0.5%) after digesting the company's investments in employees and e-commerce.
- "We continue to believe that the company's multi-channel strategy is sound, and the near-term investments will generate increased profits over the medium to long term," reads the assessment from the ratings agency.
- An upfront "financial hit" to Wal-Mart's earnings is anticipated.
Tue, Mar. 1, 7:31 AM
- Sam's Club (NYSE:WMT) plans to hire more regional U.S. buyers to help stock organic groceries. The company sees an advantage in establishing local connections with food producers, instead of running all decisions out of Bentonville.
- Same-store sales fell 0.5% in Q4 for Sam's Club in a disappointing performance.
- Previously: Wal-Mart lower after showing soft U.S. comp (Feb. 18 2016)
Sat, Feb. 27, 10:36 AM
- Investors continue to take refuge in consumer staples stocks in a strategy that tips off defensive positioning and accounts for some positive macroeconomic factors that are underpinning volume growth in the sector.
- Consumer staples stocks trading right at their 52-week high include Campbell Soup (NYSE:CPB), Kimberly-Clark (NYSE:KMB), General Mills (NYSE:GIS), Reynolds American (NYSE:RAI), Altria (NYSE:MO), Philip Morris (NYSE:PM), Church & Dwight (NYSE:CHD), Coca-Cola (NYSE:KO), Tyson Foods (NYSE:TSN), Sanderson Farms (NASDAQ:SAFM), B&G Foods (NYSE:BGS), and Cott Corporation (NYSE:COT).
- Even Procter & Gamble (NYSE:PG) and Wal-Mart (NYSE:WMT), which acted as drags on consumer staples ETFs last year with their heavy weightings, are outperforming the S&P 500 Index this year.
- Some analysts think political year uncertainty and global ZIRP and NIRP question marks could keep demand for staples strong.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC
- Analysis: Consumer Staples ETFs Are Looking More Attractive Than Ever (Feb. 16)
- Prediction time: Which consumer staples stock has the most upside in 2016?
Wal-Mart Stores, Inc. operates retail stores in various formats around the world. The company operates its business through three reportable segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the company's mass merchant concept in the U.S., operating... More
Industry: Discount, Variety Stores
Country: United States
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