Dec. 31, 2014, 7:14 AM
- Wal-Mart de Mexico (NYSE:WMT) is having some success with its Bodega Aurrera Express concept.
- Comps for the smaller-format 900-store grocery chain are up 12% this year, compared to the flat comp the Wal-Mart subsidiary delivered overall.
- Bodega Aurrera Express stores compete in Mexico with traditional markets and street vendors.
- Previously: New CEO at Wal-Mart de Mexico (Dec. 19 2014)
Dec. 24, 2014, 10:16 AM| Dec. 24, 2014, 10:16 AM | 15 Comments
Dec. 24, 2014, 3:15 AM
- Minimum wage increases across the U.S. will prompt Wal-Mart (NYSE:WMT) to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations, as minimum wage hikes hit 21 states on or around Jan. 1.
- Wal-Mart and other employers, such as Target (NYSE:TGT) and McDonalds (NYSE:MCD), make these adjustments each year, but growing attention to the issue has expanded the scope of the change. Thirteen U.S. states lifted the minimum wage in 2014, up from 10 in 2013 and 8 in 2012.
Dec. 19, 2014, 11:05 AM
- Wal-Mart de Mexico (NYSE:WMT) taps Enrique Ostale to be its new CEO.
- Ostale served previously at the parent company as the top Walmex and Latin America exec.
- He will take over the new role on January 1.
- Wal-Mart de Mexico reported sales growth of 4.3% in Q3, while EBITDA fell 4.2% during the period.
Dec. 19, 2014, 9:29 AM
- The Pacific Maritime Association and International Longshore & Warehouse Union are far apart in their negotiations on a new labor contract, according to reports.
- The ports of Long Beach and Los Angeles have seen a loss of productivity due to worker slowdown actions as the stalemate continues.
- FedEx (NYSE:FDX) warned yesterday that deliveries to retailers have been delayed more than expected. Both FedEx and UPS (NYSE:UPS) face extra logistical costs due to the shipping delays and could see a slight dip in total volume.
- Lululemon (NASDAQ:LULU) is one of the few retailers to put a number to the shipment backup, saying Q4 revenue would be impacted by $10M.
- Other companies viewed as having some risk associated with the slowdown include Wal-Mart (NYSE:WMT), Ann (NYSE:ANN), Macy's (NYSE:M), Kohl's (NYSE:KSS), Ralph Lauren (NYSE:RL), and Carter's (NYSE:CRI).
Dec. 17, 2014, 12:59 PM
- Online sales of beauty and personal care products are booming, according to a new report from A.T. Kearney.
- A survey by the research firm indicated 47% of all shoppers increased the amount of beauty and personal care products they bought online this year.
- The category is proving to be defined by online "replenishing" shopping after consumers become attuned to a brand.
- The overall e-commerce penetration rate for prestige beauty/personal care is 11% vs 6% for mass products.
- Companies benefiting from the trend include Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), Ulta Beauty (NASDAQ:ULTA), and Sephora (OTCPK:LVMHF).
Dec. 16, 2014, 11:43 AM
Dec. 11, 2014, 10:03 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 2.3% off of today's strong read on retail sales in the U.S.
- While the big boys are holding their own - Wal-Mart (NYSE:WMT) +1.1%, Target (NYSE:TGT) +2.0%, Costco (NASDAQ:COST) +1.0% - it's the apparel chains and specialty retailers doing the heavy lifting.
- Retail standouts: Barnes & Noble (NYSE:BKS) +3.3%, CST Brands (NYSE:CST) +3.3%, Ascena Retail (NASDAQ:ASNA) +3.2%, Williams-Sonoma (NYSE:WSM) +3.0%, Express (NYSE:EXPR) +2.9%, Stein Mart (NASDAQ:SMRT) +2.7%.
- Previously: Retail Sales report, highlights
Dec. 11, 2014, 9:51 AM
- Another salvo was fired by Wal-Mart (WMT +1%) in the retailer's shipping promotions battle with Target, Best Buy, and Amazon.
- The company says today (December 11) will be a totally free shipping day.
- No minimum purchase requirement is in place for the promotion.
- What to watch: The intense battle for holiday market share has some retail analysts concerned on what the impact on margins will be as they put pencil to paper on the free shipping hook.
Dec. 11, 2014, 2:32 AM
- After years of proclaiming China as one of its top markets, Wal-Mart (NYSE:WMT) lowered its status in August as the worst of its major countries. A management shake-up and job cuts have followed.
- A Bloomberg report suggests that Wal-Mart’s retail business in China has been deteriorating for years, but was hidden by questionable accounting and sales practices, including bulk sales and sales being allegedly booked when no merchandise left the shelves.
- WMT -0.3% AH
Dec. 10, 2014, 2:51 PM
Dec. 6, 2014, 10:24 AM
- Grocery delivery upstart Instacart is raising $100M from new and old investors at a pricing which gives the company a $2B valuation and plenty of cash to fund expansion.
- Sequoia Capital and Andreessen Horowitz have added to their original investments, reports Re/code.
- Instacart, which was started by a former Amazon supply chain engineer, delivers groceries from participating stores to consumers in larger markets within an hour.
- Major retail chains such as Whole Foods Markets (NASDAQ:WFM), Kroger (NYSE:KR), and Costco (NASDAQ:COST) are participating in Instacart's expansion - perhaps playing a little defense against Amazon Fresh (NASDAQ:AMZN) which also has growth plans.
- What to watch: Instacart's simple business model of a personal shopper army and vibrant website contrasts sharply with the distribution/branding might of Amazon Fresh (AMZN), but could end up in the same razor-thin margin predicament ($5.99 for one-hour delivery?). Meanwhile, old-school Kroger (KR) has recorded 44 straight quarters of positive comps and just raised its full-year profit guidance off of solid store execution.
- Related grocery stocks: SVU, SWY, RNDY, SFM, OTCQB:PUSH, TFM, WMT.
Dec. 4, 2014, 9:06 AM
- UBS downgrades Wal-Mart (NYSE:WMT) to Neutral from Buy after seeing shares climb over 11% in a month.
- SA contributor Orange Peel Investments is also cautious on the Bentonville giant, calling Wal-Mart "fully valued" at current levels and noting labor turmoil could be a drag.
- WMT -0.8% premarket to $84.25.
Dec. 3, 2014, 7:51 AM
- Wal-Mart (NYSE:WMT) CEO Doug McMillon says 10% of its mobile orders are from shoppers in the company's stores.
- The retail giant reported last week that mobile traffic surged 70% during the Thanksgiving Day to Cyber Monday shopping period.
- Walmart.com handled the traffic spike better than some other retailer websites which were crippled by the mobile demands.
- Strong demand for Wal-Mart's program which allows customers to pick up online orders in stores was also noted by McMillon.
Dec. 2, 2014, 8:56 PM
- Though federal legislation on a minimum wage increase is stalled in Congress, there's still movement on the hourly payment front.
- Organized protests at Wal-Mart stores on Black Friday were more widespread than in recent years.
- The city council of Chicago approved a gradual increase of the minimum wage in the city to $13 per hour by 2019.
- The pay hike in the Windy City follows similar measures in Seattle, San Francisco, and Oakland.
- Earlier this week, a state senator is California introduced legislation to boost the minimum wage in the state to $13 per hour by 2017.
- Related stocks: MCD, WMT, BKW, WEN, YUM, TGT.
Dec. 2, 2014, 6:47 AM
WMT vs. ETF Alternatives
Wal-Mart Stores Inc operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam's Club in three categories retail, wholesale and others.
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