Walmart

Bentonville, Ark. -- Wal-Mart Stores on Thursday reported profit and sales that were just below Wall Street expectations as the giant retailer struggled with a number of issues that impacted its U.S. sales, from the payroll tax increase to an unseasonably cold spring to delayed tax returns. The discounter also scaled back its earnings expectations for the current three-month period.

Wal-Mart’s net income rose 1.1% to $3.8 billion. Revenue edged up 1%, to $113.4 billion.

Walpole, Mass. -- Walmart announced the completion of eight new solar photovoltaic (PV) arrays in Massachusetts, celebrating with an event at its Walpole store.

One hundred and forty one billion dollars. That's the estimated brand value of Walmart, according to Interbrand's "Best Global Brands" report. The annual study ranks the 50 most valuable U.S. retail brands, along with the top store brands in countries around the world.

Bentonville, Ark. -- Wal-Mart Stores Inc. announced Monday that it has launched a new TV and digital ad campaign designed to demonstrate what the retailer describes as “The Real Walmart.”

The campaign also includes a dedicated website – therealwalmart.com – demonstrating how consumers rely on Walmart to save money, on the company’s career opportunities, and detailing how it creates efficiencies and works directly with manufacturers to help deliver low prices.

By Garrick Brown, research director, Terranomics

New York -- Walmart is emphasizing e-commerce for growth, said Neil Ashe, the chain’s president and CEO of global e-commerce, said during an investor presentation Wednesday morning.

 

Chicago -- Jones Lang LaSalle announced the addition of Larry Kilduff, Claire Bitautas and Anne Imming to its retail team.

Kilduff will serve as a VP and the retail management lead in the Midwest. Bitautas and Imming will serve as VPs on the brokerage team focusing on the downtown and suburban Chicago market. In their new roles they will partner with Midwest retail market lead Mark Hunter.

Bentonville, Ark. -- Wal-Mart Stores Inc. said Wednesday that it is implementing a pilot program that brings increased transparency to its workforce scheduling and allows associates to choose more hours for themselves.

Walmart said it is piloting the program in Denver and Fort Smith, Ark., to provide associates with transparent and consistent information on available shifts throughout the store and give them the opportunity to request to work any of those shifts.