Category Archives: Business/Economy

Report: eBay for Sale? — Chain Store Age

Media reports indicate that eBay may be acquired by Intercontinental Exchange: “ICE has reportedly offered to purchase eBay before it made its most recent inquiry. There is no formal offer on the table and the companies are not currently engaged in official discussions of the matter. ICE may only have interest in purchasing eBay’s core e-commerce business and not its less profitable classified ad business. It is unclear how or if this would affect a possible purchase price or negotiations.”...

Read More

More on Walmart’s Beef Initiatives — BeefMagazine.com

Industry analysts are speculating on Walmart’s decision to process and distribute its own beef: “If Walmart’s new beef plant and Angus supply chain succeed, it could lead the retail giant to take another step up the supply chain towards the producer. That could be in the form of harvesting fed cattle or through a joint venture with a current packer.” P.S. Walmart’s leadership is keen on developing its own brand, which means that private label is an important arena for...

Read More

J.C. Penney at Risk of Dropping Off NASDAQ — Chain Store Age

J.C. Penney is once again at risk of stock delisting as its shares fall below $1: “J.C. Penney Co. announced that the company has received a notice from the New York Stock Exchange that it no longer meets the exchange’s criteria for a continued listing. NYSE rules state that companies have to maintain an average closing share price of at least $1 for 30 consecutive days.” P.S. The health of your supplier business depends on maintaining strong alliances with quality...

Read More

Superbowl Ad Highlights Walmart’s Order Pickup — Forbes.com

Walmart’s order pickup service is proving to be an unexpected hit with consumers: “The growing importance of order pickup should not have been a surprise to anyone close to retail. The writing was clearly on the wall for a long time. Yet, retailers were slow to understand its value and only now, in 2020, is a company like Walmart starting to realize its strategic importance.” P.S. Order pickup demonstrates that there is a middle ground between brick & mortar and...

Read More

Amazon’s Shipping Costs on the Rise — SupplyChainDive.com

Amazon’s shipping costs continue to increase, particularly as the company strives to offer one-day shipping options: “Amazon’s shipping costs climbed to $12.8 billion for the fourth quarter of 2019, a 43% increase year-over-year (YoY) for the quarter that includes peak season. Full-year 2019 shipping costs reached $37.9 billion, according to the company’s earnings released Thursday.” P.S. Shipping is a major concern in e-commerce. If you are interested in selling more on Walmart.com or SamsClub.com while keeping costs down, know that...

Read More

Walmart’s Response to Coronavirus — Walmart.com

Walmart’s Judith McKenna, Chief Executive Officer – Walmart International, issued a memo to all Walmart associates describing the company’s actions regarding coronavirus: “As I write this note, I can’t help but take pride in the way our teams come together to support their communities. We may still be in the early stages, but I want you to know that we will be there for our associates and customers every step of the way. Service is core to who we are,...

Read More

Coronavirus and Chinese Supply Chains — SupplyChainDive.com

Manufacturers are taking steps to address potential supply chain disruptions due to coronavirus: “Companies that rely on manufacturing from facilities in Wuhan, China, are considering alternative suppliers as facilities in the region face potential production delays. The number of coronavirus cases has exceeded 4,500 and the region has implemented a quarantine? limiting travel in and out of the industrial hub.” P.S. Walmart knows the importance of making sure that goods are on its shelves. If you want to improve your...

Read More

Family shopping in mall

January Shows Strong Consumer Confidence — RFI.fr

U.S. Consumer confidence was on the rise in January: “Analysts hailed the stronger than expected results showing Americans are more upbeat about their job prospects, and willing to spend more cash, which will shore up the US economy.” P.S. Walmart is working hard to succeed in a powerful economy. If you want your supplier business to keep up, know that 8th & Walton’s experts can help. Book a consultation today.

Read More

NRF Big Show Highlights Technology, Sustainability — Smartbrief.com

Reports from the NRF Big Show indicate that retailers, including Walmart, are taking service, technology, and sustainability seriously: “As president and CEO of Sam’s Club, Walmart US President and CEO John Furner shifted the way the retailer approached its workforce, simplifying products to give associates more time to empower them to serve customers better.” P.S. Consumers want to patronize tech-savvy retailers that are skilled in providing personalized service while also meeting sustainability standards. Book an appointment today.  

Read More

2020’s Retail Closures — USAToday.com

2020 has brought news of multiple store closures, causing concern within and outside the retail industry: “National chains Macy’s, J.C. Penney, Papyrus, Express and Pier 1 Imports, as well as other retailers, have collectively announced 1,218 store closures this year, according to global marketing research firm Coresight Research.” P.S. Many suppliers are worried about store closures. Reinforcing a strong relationship with your Walmart or Sam’s Club buyer is one way to protect and grow your business. Our experts can help....

Read More