Walmart

Walmart is partnering with Chinese e-commerce powerhouse Alibaba to allow customers to make purchases using mobile devices in 25 of its stores in southern China.

Bentonville, Ark. – Wal-Mart Stores Inc. is partnering with the Alipay payment services subsidiary of Alibaba Holding Group to offer a new mobile payment option in some Chinese Wal-Mart locations. Customers at 25 Wal-Mart stores in the Chinese city of Shenzhen in southern China are now able to use the Alipay mobile wallet to pay for purchases.

On the heels of Walmart's decision to acquire 13 Target locations in Canada comes an announcement from Lowe's, which has also decided to acquire 13 Target Canada leases as well as distribution center in Ontario.

The deal is worth about $125 million.

Toronto - Lowe's Canada has reached an agreement to acquire the leases of 13 former Target Canada locations and to purchase Target's distribution center in Milton, Ontario, for a total purchase price of about $125 million. This acquisition came as part of a real estate auction following Target's decision to cease operations in Canada.

New York -- Andy Dunn, the founder of the hot online menswear retailer Bonobos, is transitioning from CEO to executive chairman. Dunn, who founded the company in 2007, has named retail veteran Francine Della Badia to serve as CEO starting June 1.

Della Badia most recently served as president of North American retail at Coach, leaving in February. She also held positions with Victoria’s Secret, J.Crew and Gap Inc.

When Target pulled out of Canada, it was widely expected that Walmart would snap up some of Target's locations. But Walmart has decided to acquire only 13 stores, in a deal worth $136 million.

Walmart announced it has reached agreements to acquire one distribution center, 12 store leases and one owned property in Canada. The retailer says it expects to invest another $153 million to renovate the 13 stores and distribution center, bringing Walmart’s total investment to approximately $289 million.

Mississauga, Ontario - Walmart Canada has reached agreements to acquire one distribution center, 12 store leases and one owned property formerly held by Target Canada, for an aggregate of approximately $165 million Canadian ($136.3 million).
 

Shedding light on how Walmart plans to achieve digital and physical balance in its supply chain this week was Tracy Rosser, the retailer’s senior vice president of transportation and supply chain.

Speaking at an Institute for Supply Management conference in Phoenix, Rosser elaborate on Walmart’s plans to blend its traditional pallet drive supply chain focused on serving large format stores with new distribution challenges driven by shoppers evolving fulfillment expectations. T