Category Archives: Business/Economy

Doug McMillon Concerned About Tariffs — CNBC

Walmart CEO Doug McMillon expressed concern over the need to raise prices if China and the United States continue their trade war: “Walmart is doing its best to keep prices unaffected by the U.S.-China trade war, but if things escalate it could be a different story, CEO Doug McMillon said Thursday. ‘We worry about next spring, next summer, next fall what customers will have to pay if tariffs do escalate,’ McMillon said in an interview with CNBC’s Becky Quick on ‘Closing...

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Are Walmart and Amazon a “Duopoly?” — Business Insider

An analyst believes that the Walmart – Amazon rivalry could well result in a retail “duopoly” in which both stores dominate the industry: “‘Amazon is growing its physical retail business to better compete with Walmart; Walmart is growing its online retail business to better compete with Amazon. We believe a retail duopoly is emerging,’ Andrew Murphy, managing partner at the venture capital firm, said in a post late Thursday.” P.S. There is no denying the power of Walmart: Are you...

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Walmart Acquires Art.com — Walmart.com

Walmart announces another e-commerce acquisition: Art.com. “We plan to operate the assets of Art.com as a standalone and complementary site – and then add their wide-ranging assortment to Walmart.com, Jet.com, and Hayneedle.com. This announcement is just another example of how we’re establishing Walmart.com as a specialty retail destination for the home – giving customers the inspiration and confidence to make a beautiful home possible for everyone. I’m so excited to welcome Art.com as a part of that mission.” P.S. Walmart...

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Walmart Pushes for Real-Time Credit Card Funding — PYMNTS.com

Walmart and Target are asking The Federal Reserve to develop a “real-time settlement service” that would make credit card charges immediately available to retailers: “The Fed had discussed actions that could aid in the creation of a faster payment system, such as the development of a real-time settlement service. Target and Walmart, as well as trade groups like the National Retail Federation, have reportedly long talked to the Fed about faster payments. Fed actions could potentially enable shoppers to make payments from...

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Shaky Outlook for Sears — Chicago Tribune

Things aren’t looking good for Sears these days. Despite last-minute efforts to save the company, the numbers just aren’t adding up: “Sears also now expects negative operating cash flow in the weeks leading up to Christmas and net cash flow before financing of minus $434 million for the 13 weeks through Feb. 16. The revised figures were included in documents filed late last week with the federal bankruptcy court handling the case. A Sears representative declined to comment.” P.S. Suppliers...

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Are Suppliers “Bullied” By Amazon? — Digiday

Many suppliers have found success selling on Amazon, but recent changes in its wholesale and third-party programs have reportedly left some suppliers feeling bullied: “’For a smaller, niche brand like ours, this is a worse deal,’ said a brand founder who used to be a third-party seller on Amazon, and asked to speak on background. ‘It feels like Amazon is bullying its brands by saying, ‘The only way is our way, and we get to choose what’s better for us,...

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Economists Predict Decline in 2019 and 2020 — Los Angeles Times

Some economists are predicting an economic decline in the next two years: “’The economy is in the process of downshifting from the 3% growth in real GDP this year to 2% in 2019 and 1% in 2020,’ warned senior economist David Shulman, author of the group’s national forecast.” P.S. As a supplier, it is your responsibility to track economic changes and plan accordingly. Our experts can help you manage other areas of your business so that you can focus on...

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CEO of Walmart’s Parcel Steps Down — Progressive Grocer

Last year, Walmart acquired Parcel, a last-mile delivery service in New York. Jesse Kaplan, the company’s CEO, recently announced his departure: “Jesse Kaplan, CEO of Parcel, which launched in 2013 and Walmart bought in September 2017, decided “this was a natural point” to step down, the news outlet reported, citing a spokesperson for Walmart ecommerce arm Jet. Replacing him is Parcel COO Jackson Fratesi, who will report to Hany Elkordy, Walmart’s VP of logistics and last-mile delivery, who recently joined...

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Supply Chain Managers Consider Pop-Up Solutions — Supply Chain Dive

Some supply-chain managers are taking advantage of “pop-up” opportunities that allow them to make use of warehouse space on an as-needed basis: “Many are looking to a variety of flexible warehouse options, including establishing their own “pop-up” distribution centers and acquiring temporary space through short-term leases and in non-traditional spaces. Whatever path they take, pop-up supply chains are becoming a common method to respond to seasonal or changing demands.” P.S. Supply chain managers know the importance of being flexible and addressing...

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Report: Supply Chains Will Experience Disruption Due to Climate Change — SupplyChainDive.com

Climate change reports indicate that supply chains will be subject to disruption, something that requires retailers and suppliers to consider when developing logistics plans: “The fourth National Climate Assessment, compiled by climate scientists and 13 federal agencies is expansive, but for most supply chains, the top line takeaway is that climate change will add more volatility to operations. This may not seem like news since we can already see volatility in the form of more storms, floods and fires. But...

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