New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Bentonville, Ark. — Walmart Stores president/CEO Mike Duke will be succeeded in February by international division chief Doug McMillon.
Duke, 63, has held the discounter’s top post since 2009. During his tenure he managed to squeeze steady sales and income from a recessionary environment, although the company’s stock price remained stagnant. He had previously led the discounter’s U.S., international, logistics and distribution operations.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
San Bruno, Calif. – Walmart said it will begin its Cyber Monday sales on the preceding Saturday, and has matched Amazon.com’s free-shipping minimum of $35 for online orders effective today.
The early online sale mirrors today’s pre-Black Friday sales event, in which the discounter matched the Black Friday pricing of Best Buy, Target and Toys“R”Us on a limited selection of CE and toys.
Bentonville, Ark. — Walmart has raised the competitive holiday stakes by matching Black Friday prices from Best Buy, Target and Toys“R”Us this week on select CE and toys.
The discounter’s “pre-Black Friday savings event” will be held in stores and online this Friday, Nov. 22, beginning at 8 a.m. and continuing while supplies last.
Targeted items include a 50-inch LG TV that will be available for $448, down from $598, and select PlayStation 4 and Xbox One game titles for $49, down from $59.96.
Bentonville, Ark. – Walmart reported modest sales and earnings increases for the third quarter, ended Oct. 31, and mixed results for CE.
Net income rose 2.8 percent to $3.7 billion on continued cost reductions, while net sales edged up 1.6 percent to $114.9 billion. Excluding the negative impact of currency fluctuations, net sales rose 2.7 percent.
Bentonville, Ark. – Walmart will stock twice as many tablets for Black Friday as it did last year, and will have 65 percent more TV SKUs on hand for the sales event.
The discounter said it is amassing its largest-ever Black Friday inventory, which will be released in three waves: at 6 p.m. and 8 p.m. on Thanksgiving, and at 8 a.m. on Black Friday.
New York – Walmart and Amazon formally began their Black Friday promotional periods today with a blitz of early-bird specials and daily deals.
The jumpstarts were likely driven by an early holiday season marked by six fewer shopping days between Thanksgiving and Christmas, and a Hanukah that arrives before Black Friday.
Culver City, Calif. — Sony Pictures Home Entertainment and Vudu, the Walmart-owned video-streaming service, launched Wednesday a new interactive movie-watching experience called Vudu Extras+.
The new service enhancement will offer with select titles interactive extra content, like that packaged with DVD and Blu-ray Disc titles online.
San Bruno, Calif. – Walmart is opening two massive distribution centers dedicated to fulfilling online orders only.
Its Fort Worth, Texas facility is 800,000 square feet, will have 275 full-time employees, and began shipping orders last week. The second warehouse, in Bethlehem, Pa., will be more than 1 million square feet and employ over 350 workers when it opens in the first quarter.
Combined, the new operations will house hundreds of thousands of CE, toy, apparel, fitness equipment and sporting goods SKUs.
The way manufacturers in CE and other consumer product industries tell it, getting onto Walmart’s vendor matrix is like running a gauntlet, only tougher.
Last year the world’s largest retailer made sport of the process by launching Get On the Shelf, a contest in which inventors, entrepreneurs and business owners pitch their product concepts to buyers, and customers get to vote for the winning items. The top five vote-getters are added to Walmart.com’s assortment, and those garnering enough pre-orders get a shot at a slot on Walmart store shelves.
Bentonville, Ark. — Walmart has shaved $20 off the $99 contract price of Apple’s forthcoming 16GB iPhone 5c and $10 off the $199 iPhone 5s.
The discounter began taking in-store pre-orders for the iPhone 5c this morning, in advance of the new handsets’ Sept. 20 sale date.
Walmart has also dropped the contract price of the discontinued iPhone 5 from $98 to $79 for the 16GB model, and cut $100 from the price of unlocked iPhone 5 and iPhone 4 models, to $549 and $349, respectively, for use with its Straight Talk prepaid plan.