Walmart

That was the provocative, if somewhat dated, question Smart Money used as a headline on a story this week based on a consumer survey conducted by Morgan Stanley analyst Mark Wiltamuth. He initiated coverage of Walmart with an ambiguous “equal weight” rating and was quoted as saying, “Many consumers no longer think Walmart has the lowest prices.”

Keeping tabs on key personnel moves at Walmart’s home office in Bentonville is hard enough, but the situation is even more challenging in overseas markets due to an uneven and selective disclosure strategy.

Washington, D.C. — A report released Thursday by the U.S. Commerce Department showed that retail sales in June experienced a slight uptick of 0.1%. This comes on the heels of a 0.1% dip in May, the first time in 11 months that sales fell. 

The June resurgence was attributed to a rise in auto sales and increased spending in big chain stores. Sales excluding gasoline rebounded 0.3% after declining 0.2% in May.

Sales at general merchandise stores, which include Wal-Mart and Target, increased 0.4% on warmer weather and aggressive discounting. 

Small suppliers looking to establish business relationships with Massmart following Walmart’s acquisition of a controlling stake in the company would be well served to learn the correct pronunciation of Mncane Mthunzi.

Mthunzi will fill a new supplier development role at Massmart and comes to the retailer from an organization known as the Consumer Goods Council of South Africa where he served as CEO and Massmart CEO Grant Pattison serves as chairman.

Shanghai — Wal-Mart Stores Inc. announced it has appointed its current Canada finance chief Sean Clarke as COO over the company’s China operations, after former CFO Roland Lawrence and COO Rob Cissell left the company in May.

According to a report by Bloomberg, Clarke will be joined by Steve Smith, named chief marketing officer in China. Smith was senior VP at Delhaize Group. 

SALT LAKE CITY — Walmart and Sam's Club stores, with the help of associate, customer and member donations, between May 1 and June 13 raised more thatn $27.9 million for Children’s Miracle Network Hospitals.

During the six-week campaign, Walmart and Sam’s Club customers and members were invited to make a donation of $1, $2 or $5 at the register to the Children's Miracle Network Hospital in their community. Additional in-store fundraisers were held to bolster fundraising efforts.

Johannesburg, South Africa -- The South African retailer owned by Wal-Mart Stores will make a key acquisition to expand its fresh food offerings, according to a Tuesday report by Bloomberg.

Massmart Holdings Ltd. said it will acquire The Fruitspot as part of its plan to expand its fresh foods. A Massmart spokesman told Bloomberg that the retailer aims to increase its business in butcheries, bakeries and fruit and vegetable suppliers.
 

Overall, the number of inserts and pages declined slightly across the retailer set in June 2011 versus June 2010.