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Walmart, Target change retail strategy ahead of holidays, increase in-store pick ups

Retailers like Walmart Stores Inc. and Target Corp. are investing heavily to make more products available for same-day store pickup, staffing the pickup counter with more workers and stocking inventory closer to those workers to shorten wait times, a key consumer...

Walmart to invest US$ 50 million in Chinese online grocery and delivery firm New Dada

Walmart has announced a US$ 50 million strategic investment in New Dada, China’s largest local on-demand logistics and grocery O2O e-commerce platform. The investment is an extension of Walmart’s broader agreement with JD.com and cooperation with New Dada, which...

Walmart shifts focus to e-strategy, will go easy on store openings and profit

Last Thursday, Walmart Stores Inc made the announcement that it plans to slow down on new store openings and instead concentrate on its e-commerce business. This shift in strategy comes in part of its acquisition of Jet.com. In his blog,...

Walmart raises stake in China's JD.com to 10.8 pc

Walmart has nearly doubled its stake in Chinese online retailer JD.com, according to a financial document disclosed on Wednesday. In a form filed with the Securities and Exchange Commission, the Bentonville, Ark.-based company said it owns 265 million shares, or...

In another blow to Welspun, J C Penney offers refunds on 'questionable' products

In what is being seen as a spin-off of the Welspun disaster, US-based retailer J C Penney has said it will be offering refunds to shoppers who purchased certain towels and a comforter set. This, even though the retailer is unable to...

IRF 2016: Walmart India evaluating 'food-only' retail model

Walmart India is evaluating policy guidelines to come up with a "food-only" retail model, after the Government has allowed 100 per cent foreign direct investment in food retail, a top company official said. "We are currently evaluating all the policy...

IRF 2016 Curtain Raiser: Prepping for the future

On September 21st and 22nd, retail and allied businesses from India and overseas will gather at India’s largest retail intelligence business event, India Retail Forum (IRF) 2016. Chaired by Walmart India President & CEO Krish Iyer, the 13th edition of the...

6 rebranding hits and misses of iconic global retailers

Recently online marketplace Snapdeal unveiled its new logo and tagline, Unbox Zindagi (or Unbox Life), with an aim to position itself differently in the hyper-competitive e-commerce business. The new branding is well-supported by a campaign that will appear in the form...

Massive fire breaks out at Walmart's Best Price store in Vijaywada

A massive fire broke out in Walmart's wholesale store, Best Price, near Vijaywada early on Saturday, police said. State Fire authorities quickly reached the store and brought the situation under control. No lives were lost in the incident. "A fire broke at our...

Walmart to cut 7,000 back-office jobs in US stores

The largest US supermarket chain, Walmart Stores Inc, is planning to cut down 7,000 back-office jobs in its US stores to improve in-store customer service. The retailer is eliminating positions that manage an individual store's daily cash flow or process...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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