Wal-Mart (WMT) invests 100M yuan ($16.3M) to improve its food safety protocol in China as contamination scandals in the nation continue to raise widespread concerns about suppliers. A news report from the Xinhua news agency earlier this week accused the company of using expired eggs in baked goods. [View news story]
That figures...instead of fixing the problems they have in the stores in the good ole USA (scanners and card readers not working....etc.) they dump over 16 Million into China of all places. Thank you for your money America.....see ya in China!!!
Wal-Mart (WMT) is considering a radical plan in which store customers would deliver packages to online buyers. The move - essentially renting out space in customers' cars as delivery vehicles - would put the retailing behemoth squarely in the middle of the "crowd-sourcing" phenomenon in which people casually rent out a spare room, a car, or even an article of clothing. The initiative is only in the "brain-storming stage" with a variety of legal and regulatory hurdles needing to be cleared before the retailer could proceed. [View news story]
I love the photo with the person standing there with the skateboard waiting for their package to deliver. I hope they pay the skateboard dude less than someone using gas in thei vehicles. Will they pay by the mile or tennis show wear??????
Wal-Mart (WMT) is considering a radical plan in which store customers would deliver packages to online buyers. The move - essentially renting out space in customers' cars as delivery vehicles - would put the retailing behemoth squarely in the middle of the "crowd-sourcing" phenomenon in which people casually rent out a spare room, a car, or even an article of clothing. The initiative is only in the "brain-storming stage" with a variety of legal and regulatory hurdles needing to be cleared before the retailer could proceed. [View news story]
OK NOW I KNOW THEY HAVE LOST IT!!! First the locker thing and now this. What they think these customers will actually deliver the packages???? I sure hope they aren't big screen TV's Do they plan to have any screening process for these customer rentals? I sure hope they only plan to pay them no more than they pay their employees.
Retail riddle: Ross Stores (ROST) joins Wal-Mart (WMT) and Target (TGT) in directly tying a February sales shortfall to the late distribution of income tax refunds by the government. The oddity is that none of the retailers seem to be backloading the lost February sales into guidance for March through May. What gives? [View news story]
Their Bonuses are in March.....If they missed the mark, they missed the mark. They most likely have no clue what to do next. Await their inventory figures to see how far they are off there too....then thy will figure they battle plans.
The glass is definitely half empty for retail analyst Rob Wilson as he digests Wal-Mart's (WMT) earnings report and soft guidance. He notes FQ4 makes 9 out of 11 quarters the retailer has seen inventory growth outpace sales and wonders why the company is so quiet about its online business. Remember the Mexico affair? FCPA expenses in FY12 marched from $17M to $58M in Q4 without skipping a beat. In the big picture, is the big spend on marketing and pricing paying off in traffic and profits? WMT +1.3% premarket. [View news story]
They are losing their shirts with their comp ad policy. Customers can basically name their price and WMT accepts it. Anywhere I have ever ad matched, the retailer required to at least see the Ad that you were trying to match in writing. They have been doing it for well over a year and look at the last year in sales. I am sure there are many other factors, but this one is for sure at least busting their bottom line. This is one thing that I believe cost so much they had to do away with the door or people greeters. Which also killed them because, if it only takes a sort time to figure out you can name your own price without question.....how long does it take the thieves to see there is no one watching the doors?????!!!!
Wal-Mart (WMT) invests 100M yuan ($16.3M) to improve its food safety protocol in China as contamination scandals in the nation continue to raise widespread concerns about suppliers. A news report from the Xinhua news agency earlier this week accused the company of using expired eggs in baked goods. [View news story]
Wal-Mart (WMT) is considering a radical plan in which store customers would deliver packages to online buyers. The move - essentially renting out space in customers' cars as delivery vehicles - would put the retailing behemoth squarely in the middle of the "crowd-sourcing" phenomenon in which people casually rent out a spare room, a car, or even an article of clothing. The initiative is only in the "brain-storming stage" with a variety of legal and regulatory hurdles needing to be cleared before the retailer could proceed. [View news story]
Wal-Mart (WMT) is considering a radical plan in which store customers would deliver packages to online buyers. The move - essentially renting out space in customers' cars as delivery vehicles - would put the retailing behemoth squarely in the middle of the "crowd-sourcing" phenomenon in which people casually rent out a spare room, a car, or even an article of clothing. The initiative is only in the "brain-storming stage" with a variety of legal and regulatory hurdles needing to be cleared before the retailer could proceed. [View news story]
Retail riddle: Ross Stores (ROST) joins Wal-Mart (WMT) and Target (TGT) in directly tying a February sales shortfall to the late distribution of income tax refunds by the government. The oddity is that none of the retailers seem to be backloading the lost February sales into guidance for March through May. What gives? [View news story]
The glass is definitely half empty for retail analyst Rob Wilson as he digests Wal-Mart's (WMT) earnings report and soft guidance. He notes FQ4 makes 9 out of 11 quarters the retailer has seen inventory growth outpace sales and wonders why the company is so quiet about its online business. Remember the Mexico affair? FCPA expenses in FY12 marched from $17M to $58M in Q4 without skipping a beat. In the big picture, is the big spend on marketing and pricing paying off in traffic and profits? WMT +1.3% premarket. [View news story]