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Walmart

  • Kmart joins trend of cutting layaway fees

    HOFFMAN ESTATES, Ill. — The trend of doing away with layaway fees continues, this time with Kmart announcing that it has removed its layaway service fee both in stores and online through Nov. 17.

    The retailer follows suit with Toys"R"Us, which said it would drop the $5 upfront service fee and eliminate the minimum purchase requirement for all orders created in stores through Oct. 31 and Walmart, which, while not cutting back its layaway fee, has rolled it back to $5 from $15.

  • Simon puts comps, other initiatives in perspective

    Walmart U.S. president and CEO Bill Simon was feeling pretty good earlier this week as he reeled off accomplishments and emerging opportunities during a presentation at a Goldman Sachs retail conference.

    Simon appeared at the same conference two years earlier when Walmart was in a very different place in terms of its financial performance and its share price. His presentation this year was markedly different given all that has occurred under his leadership.

  • Mississippi high court rules Wal-Mart not responsible for selling ammo to minor

    Jackson, Miss. -- The Mississippi Supreme Court has ruled 5-4 that Wal-Mart Stores Inc. is not liable for selling bullets to an underage customer who then used the ammunition to commit murder.

    The lawsuit was filed by the relatives of Robert Williams, who was shot and killed by his girlfriend's son in 2006. The son, Xavier Zurndell Moore, was 20 years old at the time, and shot Williams with ammunition purchased at a local Walmart store. Federal law requires that a person be 21 to buy pistol ammunition.

  • Save-the-date: sustainability milestone meeting set for 9/13

    Thursday, September 13 at 9 a.m. central time is the start date for another one of Walmart’s sustainability milestone meetings. The company uses the gatherings, Webcast from its home office auditorium, to highlight a wide range of environmental initiatives that increasingly contribute to efforts to operate more efficiently.

     

  • Are you ready for some Snickers?

    Football fans and chocolate aficionados can satisfy both cravings this season at Walmart thanks to an initiative with Mars Chocolate North America.

    The candy company teamed up with Walmart to offer a 40 ounce bag of Snickers limited edition NFL Minis in which product wrappers feature logos of all 32 NFL teams.

  • Sears, Kmart jump on layaway bandwagon by waiving fees

    Hoffman Estates, Ill. -- Sears Holdings Corp. said Friday that both its Sears and Kmart banners would waive layaway fees for the holidays, allowing shoppers to open interest-free pay-over-time programs at both stores and online with no customary initial fees. Kmart’s program will run through Nov. 17, but Sears Holdings had yet to set a timeframe for its namesake stores.

    In the past, Kmart and Sears have charged $5 for an eight-week layaway contract and $10 for the 12-week program.

  • More competition coming from Dollar General

    If it seems like Dollar General stores are everywhere it’s because they are. And more keep coming presenting price sensitive shoppers with a viable alternative to Walmart.

  • Walmart tweaks layaway fees to match rival

    Walmart this week modified a layaway program that had yet to begin after Toys "R" Us said it wouldn’t charge a service fee and lifted minimum purchase requirements for its program.

    The layaway saga began in late August when Walmart said the start date of its layaway program would begin on September 16, a month earlier than the prior year. Curiously, Walmart also said at that time the fee to open a layaway account would increase to $15 from $5 the prior year.

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