Category Archives: Business/Economy

Suresh Kumar to Join Walmart in New Elevated Chief Technology Officer and Chief Development Officer Role

Walmart has hired former Amazon and Google executive Suresh Kumar as its chief technology officer and chief development officer: “Walmart announced in a blog post and in a memo sent by CEO Doug McMillon to employees Tuesday that Kumar is joining the company, beginning July 8, and will report directly to McMillon.“ P.S. Walmart has made great strides in its retail technology over the past several years, but it is clearly not resting on its laurels. Are you able to...

Read More

Walmart Pitches Online Advertising Opportunities — Reuters

Walmart is pitching major advertising buyers in an attempt to secure a piece of the online advertising market: “Walmart’s pitch will be simple: encourage some of the biggest advertisers to shift their spending to Walmart and away from rivals like Google, Facebook Inc and Amazon. And Walmart says that its massive customer base and data on what shoppers purchase give it a compelling edge.” P.S. Walmart has made great strides in its retail technology over the past several years, but...

Read More

Secretary Mnuchin Talks Tariffs with Walmart — Bloomberg

Treasury Secretary Steven Mnuchin recently spoke with Walmart’s CFO about the impact of Chinese tariffs: “Mnuchin said Wednesday he spoke with Walmart Inc. Chief Financial Officer Brett Biggs, who has warned that duties on Chinese imports will raise prices for consumers. His comments came in response to questions from Democratic Representative Benjamin McAdams of Utah. The lawmaker asked what to tell parents in his district if higher costs for everyday goods means they can’t afford essentials like baby diapers and...

Read More

Walmart Joins Retailers in Packaging Reduction Initiatives — Forbes.com

Walmart and other retailers are striving to reduce product packaging: “Product packaging represents 65% of household trash, and lots of discarded dollars. For every $10 shoppers spend on goods, 10% is tossed away in the form of packaging, according to the University of Southern Indiana.” P.S. Walmart is committed to sustainability and asks suppliers to participate in green initiatives. If you need help making sense of all this, our experts stand ready to help. Book an appointment today.

Read More

Walmart as “Digital Enterprise” — CNBC.com

Doug McMillon insists that Walmart is developing into a “digital enterprise”: “You might only know Walmart as a place to stop to pick up milk or paper towels, maybe a few other things, on your way home from work. But the biggest retailer in the world is doing a lot more than just selling groceries — likely a lot of things you don’t even realize. CEO Doug McMillon says the company is on track to become more of a ‘digital...

Read More

Study: Consumers Use Multiple Sources for Online Product Searches — Chain Store Age

Consumers are relying less on Google when searching for products online, preferring to search multiple sources: “Walmart’s sponsored views have grown, but still drive less than 2% of all product views, which Jumpshot analysis attributes to Walmart not offering the same amount of inventory as Amazon.” P.S. Interested in selling on Walmart.com or SamsClub.com? Want to improve your sales on these platforms? Our experts can help. Book a consultation today.

Read More

Walmart Releases Q1 FY20 Earnings — Walmart.com

Walmart has announced its Q1 earnings, showing strong growth: “Walmart U.S. Q1 comp sales1 grew 3.4% and Walmart U.S. eCommerce sales grew 37%, Company reports Q1 FY’20 GAAP EPS of $1.33; Adjusted EPS2 of $1.13, led by strength at Walmart U.S.” P.S. The future looks bright for Walmart. Are you ready to continue doing business with this evolving retailer? Get in touch with us today to schedule a consultation with one of our experts.

Read More

Walmart: China Tariffs Might Increase Prices — CNN.com

Walmart expects that new tariffs on goods from China will lead to some price increases: “‘We’re going to continue to do everything we can to keep prices low. That’s who we are. However, increased tariffs will lead to increased prices, we believe, for our customers.’ Walmart chief financial officer Brett Biggs told reporters on a call after the retailer reported earnings for the first quarter of 2019.” P.S.  Tariffs could increase costs for just about everyone in the supply chain....

Read More

LeBron James and Walmart Team Up — Walmart.com

LeBron James is working with Walmart to promote its Fight Hunger. Spark Change. Campaign: “On Wednesday, LeBron’s personally curated collection of items will launch online highlighting some of the foods featured in the Fight Hunger. Spark Change. initiative, drawing on his own experience growing up.” P.S. Walmart continues to partner with well-known entertainment and sports celebrities to advance its mission. Improve your working relationship with Walmart by partnering with our experts. Book a consultation today!

Read More

CPG Brands to Invest in Packaging — FoodDive.com

A recent survey shows that most CPG brands will invest in packaging over the coming year: “A survey of 250 brand owners in the CPG industry found 75% expect to increase their spending on packaging during the next year, according to L.E.K. Consulting. That’s up from the past two years, the company added, as 65% in 2018 and 40% in 2017 said they would be increasing spending. Almost one-third of them plan to hike their packaging budget by more than...

Read More