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Walmart

  • Report: Staples in talks with buyout firms

    Is Staples looking to go private?   Less than a year after its deal to acquire Office Depot Inc. fell through due to antitrust concerns, Staples is in early discussions with private-equity bidders, according to The Wall Street Journal.   Staples had no comment on the report, which said that based on typical takeover premiums, the office supply chain could be valued at roughly $7 billion or more. But the news sent its stock soaring to a four-year high on Tuesday morning   

  • Report: Walmart seeks to build big new DC in its hometown

    Walmart is looking to expand its logistics capabilities.   The discounter  recently submitted plans to city planners In Bentonville, Ark,  for a 1.27 million-sq.-ft. distribution center, according to a report by Talk Business & Politics-Northwest Arkansas Business Journal.  

  • No credit card, no debit card? No problem, says Amazon.

    Amazon has launched a new way for customers to shop its site without using a bank card or credit card.    Called Amazon Cash, the service allows consumers to add cash to their Amazon.com balance by showing a barcode at a participating brick-and-mortar store, with the cash then applied immediately to the consumer’s  online Amazon account.  Notably, Walmart already offers a similar type of service for customers without a credit or debit card, as does PayPal.   

  • Report upbeat about retail industry

      A just-released analysis of the U.S. retail sector offers positive news for an industry that has been subject to some gloomy assessments in recent times.   Despite the rash of recent Chapter 11 filings and store closings, the U.S. retail sector as a whole remains incredibly strong and shows no signs of slowing down, according to a report by business intelligence firm Creditsafe USA.  

  • Jet.com shuts down 'cash-back' rewards program

    The Jet Anywhere rewards program is preparing for its final descent.   As of May 1, Jet.com is pulling the plug on a program that rewards consumers for shopping on its retail portal. As shoppers enter the Jet Anywhere e-commerce portal, they can click through and shop at more than 600 retail partners, including Foot Locker, Land’s End, Saks Fifth Avenue, Lord & Taylor and Bloomingdales, among others.   

  • Commentary: Is a Target, Walmart Price War About to Break Out?

    In light of Target shares dropping 15% after their latest earnings announcement, Target CEO Brian Cornell said executives would be detailing moves for greater pricing aggressiveness and increased merchandise differentiation, both tactics that Target has been known for historically. Cornell’s pricing reference led to speculation about a price war with Walmart, which many experts surmise Target simply can’t win. Speculation aside, is a price war poised to erupt between these two mega-retailers?    

  • Amazon shutting down parent company of diapers.com

    Amazon is getting is shutting down one of its units after it failed to turn a profit.   The company pulling the plug on Quidsi, parent company of diapers.com, soap.com and several other shopping sites, which it purchased in 2010. The news was first reported by Bloomberg.   

  • Walmart debuts updated Neighborhood Market format

    Walmart is going on the offense as German grocery giant Lidl prepares to enter the United States this summer.   The discounter has rolled out a new prototype for its Neighborhood Market grocery-store concept in a handful of markets nationwide.   
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