Walmart’s revenue beat forecasts reaping big on online sales

USA - The American retail giant, Walmart’s revenue rose almost 2% higher than the forecasts to US$122.69 billion boosted by US online sales which grew 33% in the quarterly results. Earnings were up to US$1.14 cents per share as opposed to US$1.12 per share forecast by Thomson Reuters. Walmart e-commerce push reaped well on high…

Sainsbury’s tables US$10 billion bid for Walmart’s Asda in an international advance

UK - Sainsbury's, the second largest chain of supermarkets in the UK has made what is considered as one of the biggest international move in the combative retail sector to merge with Walmart’s Asda for US$10 billion. Sainsbury’s is beefing up competition against Tesco, UK’s leading retailer in grocery and general merchandise for the lucrative…

Asda eliminates single-use plastic bags with a new recycling strategy

UK - Asda, the British retailer has announced its plan towards making 100% of its own-brand plastic packaging recyclable by phasing out ‘5p’ plastic bags from their products by 2025. According to the company, the strategy also involves introduction of reusable coffee cups, a replacement of the daily takeaway coffee cups which form part of…