By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Bentonville, Ark. — Wal-Mart Stores reported slightly higher net sales and income for the first quarter, ended April 30.
Net sales for the first quarter were $113.4 billion, an increase of 1 percent over last year. Net sales last year benefited by 1 percent from the extra day due to leap year. On a constant currency basis, net sales would have increased 1.8 percent to $114.2 billion.
Consolidated net income attributable to Walmart for the first quarter was $3.8 billion, up 1.1 percent.
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. – Now that it’s established itself as the world’s largest brick-and-mortar retailer, Walmart has set its sights on dominating cyber shopping as well.
The company is investing heavily in technology and fulfillment capabilities to deliver what Walmart’s global e-commerce president/CEO Neil Ashe described to analysts at a Barclays retail conference this week as “a personalized shopping experience that exceeds your expectations each time.”
New York — Walmart has reaffirmed plans to begin testing in-store lockers in a dozen of its Superstores this summer.
Neil Ashe, Walmart’s president/CEO of global e-commerce, first announced the lock-box strategy at a media event last March. He reiterated the rollout plans here this morning at a Barclays analyst conference.
The program will allow customers to retrieve their Walmart.com orders from in-store lockers without waiting for a clerk to pull them from storage.
Santa Clara, Calif. — Walmart’s video-on-demand streaming service Vudu notified registered users this week that thieves had broken into its offices and made off with hard drives and equipment containing some customer data.
Vudu said the theft occurred last month and included hard drives containing sensitive customer information, including names and addresses, birth dates, email addresses and account activity.
Walmart’s announcement that it will be testing the use of physical lockers at local stores — another method for consumers to pick up purchases — made the rounds on the internet yesterday.
Bentonville, Ark. – Wal-Mart said net income rose 7.9 percent to $5.6 billion and net sales increased 3.9 percent to $127.1 billion for its fiscal fourth quarter, ended Jan. 31.
Same-store stores edged up 1 percent, thanks partly to CE comp and share gains in the U.S.
For the full year, profits increased 7.8 percent to nearly $17 billion and net sales rose 5 percent to $466.1 billion.
Bentonville, Ark. — Higher payroll taxes, delayed income tax refunds and the sluggish economy are taking a toll on Walmart’s sales.
According to internal emails and minutes of an officer’s meeting obtained by Bloomberg, sales were disappointing in January and February, although the company continues to gain market share.
Las Vegas - Tablets, digital content and the new generation of display technologies are keeping Walmart keen on electronics in general and its own CE business in particular.
That’s the word from Kevin O’Connor, electronics VP/general merchandise manager for the world’s largest retailer, who shared his outlook and insights with TWICE during International CES. Here’s what he had to say:
With the virtual content locker system known as UltraViolet scheduled to pop up in various companies’ announcements throughout this week’s International CES, discount store chain Walmart got the jump on the crowd by revealing that its Vudu movie streaming service is expanding its UltraViolet- enabled Disc-to-Digital activations from at home.
Walmart also said it will be launching a new Facebook app that will give people access to exclusive movie content.
Charleston, S.C. – Walmart had the highest level of customer retention over the holidays while Barnes & Noble had the worst, a new retail survey shows.
According to a poll of 1,000 shoppers conducted Dec. 22-23 by America’s Research Group (ARG), Walmart retained 93 percent of its customer base while Barnes & Noble lost nearly 48 percent of its customers.