New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
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.
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.
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.
San Francisco – Walmart.com reported its best day ever on Cyber Monday (Nov. 26).
Top sellers included Double Power’s T-711 touchscreen tablet with Wi-Fi, Garmin’s Nuvi 50 5-inch portable GPS portable navigation device, and an Element-branded 32-inch, 1080p LCD TV, the company said.
Walmart also received a big boost from mobile customers, with online traffic from its mobile apps rising 280 percent year over year.
Suwanee, Ga. — Hisense USA said Tuesday its K366-series standard 2D LCD TVs with smart-TV functionality are now available at Walmart stores.
The series includes models in the 40- and 50-inch screen sizes.
The K366 series builds on the 2D features of Hisense’s K360 series, adding smart-TV functionality, with social media networking, movie and TV streaming, music streaming, photos and other multimedia applications into any room.
Bentonville, Ark. – Organized protests by Walmart workers nationwide on Black Friday did little to dampen Thanksgiving period sales, the discount chain said.
Walmart reported 22 million customer visits on Thursday, more than last year, with many shoppers responding to a 10 p.m. CE sale Thanksgiving night. That promotion guaranteed in-stocks on three doorbusters – an iPad 2, Emerson 32-inch LCD TV and an LG Blu-ray player – and garnered an “amazing” turnout, the retailer said.
Bentonville, Ark. – Wal-Mart Stores said cost reductions and productivity improvements contributed to a 9 percent increase in its fiscal third-quarter profits.
Earnings topped $3.6 billion for the three months ended Oct. 31, while net sales increased 3.4 percent to $113.2 billion, including a $1.7 billion negative impact from unfavorable currency exchange rates.
Bentonville, Ark. – Walmart has revealed its Black Friday plans which, like last year, include a phased rollout of post-Thanksgiving promotions.
CE will be the focus of its own special one-hour sale, which will commence at 10 p.m. on Thanksgiving evening.
But unlike past Black Fridays, which garnered notoriety when customers and staff were injured and even killed by deal-seeking throngs, Walmart is guaranteeing availability of select CE doorbusters to customers who are on in-store queues during the electronics sales event.