Walmart

Amazon.com generates about three times the number of unique visitors each month that Walmart.com does, according to online measurement firm comScore, and all that traffic is allowing Amazon.com to generate record sales.

BENTONVILLE, Ark. -- A Wednesday report by Bloomberg said that Wal-Mart Stores has named Morten Knudsen as CFO for Asia, as the retailer recasts its leadership roles in the region amidst top-heavy turnover.

Knudsen, who was previously VP for corporate finance in Asia for Danone, takes the financial chief spot for Wal-Mart Asia effective Sept. 1.

Since May, Walmart has lost Japanese chief Toru Noda and three of its top executives in China, including the CFO and COO Roland Lawrence and Rob Cissell, respectively.

Wal-Mart Stores president and CEO Mike Duke was on Capitol Hill this week making the case for modernizing the U.S. tax code even as Democratic and Republican lawmakers continued to engage in brinksmanship over what all agree is a disturbing level of national indebtedness. Duke testified before the United States Senate Committee on Finance, which was holding hearings on CEO perspectives on how the tax code affects hiring, businesses and economic growth. A transcript of his prepared remarks appears below:

Retailers who release monthly sales next Thursday will offer fresh insight and hard numbers on back-to-school shoppers’ early season spending behavior and that’s a good thing because so far opinions offered by forecasters are all over the place.

Back in early July, Customer Growth Partners said seasonal sales would grow by 6.2% to $467 billion, the most since 2006, despite economic headwinds.

American consumers may not like inflation, but retailers are enjoying the favorable impact rising prices have on their same-store sales calculations. It was evident last month when retailers reported healthy comp increases and more of the same could be in store for July as it appears retailers are effectively passing through increased prices to shoppers.

Bentonville, Ark. -- A Wednesday report by Bloomberg said that Wal-Mart Stores has named Morten Knudsen as CFO for Asia, as the retailer recasts its leadership roles in the region amidst top-heavy turnover.

Knudsen, who was previously VP for corporate finance in Asia for Danone, takes the financial chief spot for Wal-Mart Asia effective Sept. 1.

Since May, Wal-Mart has lost Japanese chief Toru Noda and three of its top executives in China, including the CFO and COO Roland Lawrence and Rob Cissell, respectively.
 

The existence of hunger in America and the concept of food deserts are hard for most Americans to grasp. Simple observations suggests that the majority of us are not missing many meals and grocery stores are so prevalent that profitably operating a food store is a perpetual challenge because of intense competition and the resulting pricing pressure.

Santa Clara, Calif. -- Wal-Mart Stores said Tuesday that it is leveraging last year’s acquisition of video-streaming service Vudu to launch digital online movie rental and streaming on Walmart.com.

On Tuesday the retailer started offering 20,000 titles that can be viewed on almost any device with Internet access, from PCs to televisions to Sony's PlayStation3 and other Blu-Ray disc players.