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Walmart struggles to shift from bricks to clicks

Since Walmart first ventured into the Internet 15 years ago, the Bentonville, Ark., company has struggled online. Early on, Walmart.com featured a clunky digital version of the greeter who welcomes shoppers at each store. Even in the Web's early...

Wal-Mart Plans to Accelerate Openings of Mid-Sized Stores

Wal-Mart Stores Inc the world’s biggest retailer, plans to accelerate the opening of its mid- sized Walmart Market stores, said U.S. stores chief Bill Simon. Wal-Mart will open 90 to 100 of the stores in the year ending in...

Walmart sets up London team to lead European drive

Walmart, America's cheap and cheerful retailer, is setting up a London team to launch into Europe.The $193bn US retail giant, which is finalising the details of buying a South African grocery chain this week, will bring a team to...

Wal-Mart boosts annual dividend by 21 per cent

The Board of Directors of Wal-Mart Stores Inc has approved an annual dividend of USD 1.46 per share, a 21 percent increase from the USD 1.21 per share paid during FY'11. For the current fiscal year, ending January 31,...

Wal-Mart Q4 net sales up 2.5 per cent at $115.6 bn

Wal-Mart Stores Inc has reported net sales of $115.6 bn for the fourth quarter ended January 31, 2011, up 2.5 per cent from $112.8 bn in the corresponding quarter last fiscal.Net sales for the fiscal year 2011 were $419...

Wal-Mart Stores elects new CFO

The board of directors of Wal-Mart Stores Inc has elected Charles Holley to succeed Tom Schoewe as the company's new chief financial officer (CFO). The change will be effective from November 30, 2010, and Schoewe will stay on until...

Bill Simon appointed as president and CEO of Walmart US

Wal-Mart Stores Inc has announced that Bill Simon has been promoted to president and CEO of Walmart US, while vice chairman Eduardo Castro-Wright has been appointed president and CEO of Global.com and Global Sourcing. Castro-Wright, who will also continue...

Wal-Mart to eliminate GHG emissions by 2015

Wal-Mart has announced its plans to eliminate 20 million metric tons of greenhouse gas (GHG) emissions from its global supply chain by the end of 2015. This represents one-and-a-half times the company's estimated global carbon footprint growth over the...

Wal-Mart revenue dips 1.4%, income at $3.44 bn

Wal-Mart Stores Inc on Thursday reported second-quarter income virtually unchanged from a year ago, but results beat Wall Street expectations. The world's largest retailer also raised the low end of its profit outlook as it benefits from a series...

Wal-Mart posts quarterly profit fall despite record sales

Wal-Mart, the world's biggest retailer, has reported a 7.7 per cent fall in fourth quarter profits after being hit by the costs of legal action and exchange rates, reports Retail Week.According to the report, the retailer has posted a...
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How fashion brands are leveraging AI

From product design to marketing and virtual try-ons, here’s how the fashion majors are adopting AI in their businessTop...
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