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Walmart

  • Walmart, American Express launch alternative to traditional bank accounts

    Bentonville, Ark. -- Walmart and American Express have teamed up to offer customers an alternative to debit and checking accounts. The new service, called Bluebird, is designed to provide financial services to customers who often do not have traditional bank accounts. It will allow for deposits by smartphone and mobile bill paying, with no minimum balance or monthly, annual or overdraft fees.

  • Dollar General wins on basket price

    CAMBRIDGE, Mass. — Dollar General is the overall basket price leader, delivering a substantial savings to value shoppers, according to Kantar Retail's second annual opening price point survey. Walgreens, for the second year, had the most expensive total basket, driven by sharply higher edible and nonedible grocery baskets.

  • September solid for discount retail, mixed for others

    Retail sales in September decelerated from August at many of Walmart’s competitors, but overall demand remained positive judging from the shrinking number of companies who continue to report monthly results.

    Discounters The TJX Cos. and Ross Stores reported September same-store sales that rose 6% and 5%, respectively. The figures exceeded both companies’ expectations and shoppers continue to respond to their brand of apparel retail.

  • Can Walmart small format close competitive gap?

    Family Dollar – like Dollar General – is opening stores as fast as it can and this week said it would add 500 new units ahead of what is expected to be an announcement by Walmart next week to accelerate growth of its own small format.

  • L.A. home to publicity stunt or real strike

    A small group of Walmart employees at a Southern California store staged a one day walk out some have been quick to label as a strike. The New York Times details what happened and Walmart’s response. Click here. 

  • Kantar Retail survey: Dollar General offers least expensive basket price

    Cambridge, Mass. -- Dollar General is the overall basket price leader delivering a substantial savings to value shoppers, according to Kantar Retail’s second annual opening price point (OPP) survey. Walgreens, for the second year, had the most expensive total basket, driven by sharply higher edible and non-edible grocery baskets  

  • Fortune’s faux pas on ‘Most Powerful’ ranking

    Target’s senior executive ranks are filled with women, but don’t look for any of them on Fortune’s recent listing of the 50 most powerful women.

    Topping the list in the October 8 issue is IBM president and CEO Ginni Rometty followed by PepsiCo chairman and CEO Indra Nooyi, Hewlett-Packard president and CEO Meg Whitman and Kraft Foods chairman and CEO Irene Rosenfeld. Gracing the cover is Yahoo CEO Marissa Mayer who recently defected from Google.

  • Report: Wal-Mart sued in Florida for gender discrimination

    New York -- Three female employees of Wal-Mart Stores Inc. filed a lawsuit Thursday in federal court in South Florida claiming the company discriminates against women in areas such as wages and promotion opportunities, the Associated Press reported.

    The potential class-action lawsuit follows similar lawsuits recently filed in Tennessee, Texas and California. It also follows a 2011 U.S. Supreme Court decision that tossed out a national gender bias lawsuit seeking to represent some 1.6 million female Wal-Mart workers.

     

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