Walmart

Walmart acquired a minority interest in Chinese e-commerce company Yihaodian, the company announced Friday morning. Yihaodian was launched in July 2008 and currently offers 75,000 products and next-day delivery on essential items from an existing logistics network in Shanghai, Beijing and Guangzhou.

Santiago Roces left Walmart with little fanfare or the issuance of a press release last month, which isn’t uncommon for executives at the SVP level at the company the size of Walmart. Nevertheless, the timing of the departure certainly seems curious given that Roces was the guy with the words “small format” in his title and Walmart is about to open the first of its Walmart Express stores and rebrand Neighborhood Market as Walmart Market.

Many Walmart shoppers happen to be NASCAR fans, so it makes sense that the retailer would host exclusive events around big races in key markets.

In Charlotte, N.C., and Dover, Del., select Walmart stores will offer customers the chance to check out racing simulator machines and stock car displays and enjoy special driver appearances throughout the month of May.

One of the more interesting developments in the retail industry is set to unfold in a series of small towns along the Western edge of Arkansas where Walmart is set open the first of its experimental small formats.

Turns out Shakespeare’s famous line, “A rose by any other name would smell as sweet,” doesn’t quite fit with every scenario. Case in point, Wal-Mart Stores, which, according to Millward Brown Optimor’s BrandZ ranking of the top 20 global retail brands, saw its brand value diminish when it decided to rename its Wal-Mart stores, Walmart. 

EDEN PRAIRIE, Minn. — Supervalu banner Save-A-Lot has appointed a new leader, replacing company veteran Bill Shaner, who has lead the division since 2006.

Eden Prairie, Minn. -- Supervalu has named Santiago Roces, a former Wal-Mart Stores executive, as the CEO and president of its discount Save-A-Lot division. Roces, who most recently served as senior VP and general manager of Wal-Mart's small-format division, replaces Bill Shaner, who led Save-A-Lot since 2006 and worked for Supervalu for 27 years.

Supervalu it plans to double the number of Save-A-Lot stores, growing it to more than 2,400 locations by the end of 2015.

GLENDALE, Calif. — The International House of Pancakes has made its retail debut at Walmart with its IHOP at Home line.

The new lineup of IHOP at Home items, which include omelet crispers, french toast stuffed pastries and the griddle n' sausage wrap can be found at more than 3,000 Walmart locations nationwide and plans are in place to expand the line and distribution to additional retail and grocery outlets in the coming months.