Campbell announces dismal results in the second quarter, low sales blamed for Walmart woes

USA - Campbell Soup Company has announced a 7% drop in sales in its second quarter with low sales blamed for the dispute between the company and a key customer Walmart. Organic sales decreased 2% with a drop in Campbell’s shares due to a decrease in demand for Campbell soups. “This was a disappointing quarter,…

Walmart partners with Rakuten to boost its grocery delivery service in Japan

USA - Walmart has partnered with Rakuten, a Japanese e-commerce company to launch a new online grocery delivery service with an aim to combat competition from rival Amazon. The partnership will enable Walmart to be the exclusive retailer of Rakuten’s products, selling e-books and audiobooks in its US stores and online. As part of the…

Wal-Mart introduces robots to scan shelves to restock items faster

USA - Wal-Mart Stores Inc is rolling out shelf-scanning robots in more than 50 U.S. stores to replenish inventory faster and save employees time when products run out. The approximately 2-foot (0.61-meter) robots come with a tower that is fitted with cameras that scan aisles to check stock and identify missing and misplaced items, incorrect…

Walmart India may evaluate entering food retail business

INDIA - Walmart India said it will evaluate entering into food retail business if the government allows such ventures to stock about 25-30% non-food items as well, a top company official said this Tuesday. Speaking on the sidelines of the launch of second edition of Women Entrepreneurship Development Program 2.0 (WEDP) in Delhi, Krish Iyer,…

Wal-Mart seeks market share in Nigeria’s over ₦205.4bn retail business

NIGERIAWith over ₦205.4 billion worth of investment, courtesy of global retail brands in the last three years, the Nigerian retail market sector remains an untapped territory for investors, especially Wal-Mart, one of the largest retail chains in America that is looking to broaden its investment in Nigeria.

Wal-Mart seeks market share in Nigeria’s over ₦205.4bn retail business

NIGERIAWith over ₦205.4 billion worth of investment, courtesy of global retail brands in the last three years, the Nigerian retail market sector remains an untapped territory for investors, especially Wal-Mart, one of the largest retail chains in America that is looking to broaden its investment in Nigeria.

Massmart leads fall in retail shares as consumers battle

SOUTH AFRICA – The JSE’s retail shares slumped on Wednesday, led by Massmart, which warned first-half earnings were expected to plummet as much as 29%, affirming the erosion of disposable income as consumers remain challenged by rising debt, increased living expenses and heightened unemployment.

Massmart leads fall in retail shares as consumers battle

SOUTH AFRICA – The JSE’s retail shares slumped on Wednesday, led by Massmart, which warned first-half earnings were expected to plummet as much as 29%, affirming the erosion of disposable income as consumers remain challenged by rising debt, increased living expenses and heightened unemployment.