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Walmart to pick up 15-20 per cent stake in Flipkart

Walmart Stores Inc, the world’s largest retailer, is in talks to buy 15 to 20 per cent stake in Indian e-commerce major Flipkart. According to a PTI report: Walmart Global CEO Doug McMillon was in India recently and during the...

Walmart and Rakuten announce new strategic alliance

Walmart President and CEO Doug McMillon and Rakuten Chairman, President and CEO Hiroshi 'Mickey' Mikitani met in Tokyo to announce a new strategic alliance that leverages each company’s unique strengths and assets to expand consumer reach and enhance how...

Judith McKenna named President and CEO of Walmart International

Walmart Stores Inc. has announced that Judith McKenna will be promoted to President and Chief Executive Officer (CEO) of Walmart International, the company’s second-largest operating segment. She will be succeeding David Cheesewright, who has been in role since 2014...

Indian gourmet must reach out worldwide to create and cater global demand

Food retailers must take Indian gourmet to the world to help achieve quality and scale in addressing the demand of Indian retail market, according to a cross section of retail stalwarts at the 11th edition of Indian Food Forum...

Walmart raises starting wages for US workers, handing out bonuses

Walmart, the world's largest private employer, is boosting its starting salary for US workers to US $11 an hour, giving a one-time cash bonus of up to US $1,000 to eligible employees and expanding its maternity and parental leave...

5 retail technologies that took the industry to the next level in 2017

Tech-savvy retailers keep looking for new and innovative ways to connect with consumers all the time. They bring in technologies that reshape retail in interesting ways. 2016 saw the popularization of beacons, magic mirrors. Intelligent Automation became the essential new co-worker...

Walmart changes official name as it ramps up its digital strategy

Walmart on Wednesday announced it will change the company's legal name from Wal-Mart Stores, Inc. to Walmart Inc effective February 1, 2018. Walmart said it is changing its legal name as the company looks to emphasize its shift from a...

Significant supply churn, more global and luxury brands line up in Pune

While the demonetization wave put a dampener on residential sales across India, the retail market was comparatively unaffected and showed good flexibility in terms of a steady consumer spending pattern. Pune’s retail market is receiving considerable investment attention from...

Walmart tests shelf-scanning robots in 50 stores

Walmart is rolling out robots to 50 stores by the end of January.. The robots go up and down the aisles, scanning for out-of-stock items, incorrect prices, and wrong or missing labels. Its part of Walmart’s plan to make...

Why supermarkets are on a shopping spree

The recent acquisition of the Hypercity brand by Kishore Biyani’s Future Group is one of the many instances highlighting a key ongoing trend in the retail industry - cross-category consolidation. Retailers are increasingly exiting businesses that drag down their...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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