Wal-Mart Stores Inc said on Monday it is taking a controlling stake in Chinese e-commerce firm Yihaodian, as the world’s largest retailer seeks new revenue sources to fend off rising competition in the world’s fastest-growing major economy. The move comes two weeks after Wal-Mart announced the appointment of industry veteran Greg Foran as head of [...]
Wal-Mart to take majority stake in China e-commerce firm – Reuters
Gamestop to J.C. Penney Shut Facebook Stores – Bloomberg
Last April, Gamestop Corp. (GME) opened a store on Facebook to generate sales among the 3.5 million-plus customers who’d declared themselves “fans” of the video game retailer. Six months later, the store was quietly shuttered. Gamestop has company. Over the past year, Gap Inc., J.C. Penney (JCP) Co. and Nordstrom (JWN) Inc. have all opened [...]
How Target Figured Out A Teen Girl Was Pregnant Before Her Father Did – Forbes
Every time you go shopping, you share intimate details about your consumption patterns with retailers. And many of those retailers are studying those details to figure out what you like, what you need, and which coupons are most likely to make you happy. Target, for example, has figured out how to data-mine its way into [...]
Fewer Amazon Prime users than expected – Seattle Times Newspaper
Amazon.com’s Prime service, a linchpin of its effort to keep customers loyal and fuel long-term profit, has attracted fewer than half as many members as analysts estimate, three people familiar with the matter said. As of October, 3 million to 5 million people subscribed to Prime, a program begun in 2005 that provides two-day shipping [...]
Did Wal-Mart love RFID to death? – Smart Planet
On June 11, 2003, those with a stake in radio-frequency identification technology enjoyed an early Christmas. At 8:30 that morning, before a packed house at the Retail Systems Conference in Chicago, Wal-Mart CIO Linda Dillman announced that the world’s largest retailer would require its top 100 suppliers to tag pallets and cases of goods with [...]
Are Bad Jobs Better Than No Jobs? – BET
The relatively small town of Athens, Georgia, is stuck in a Wal-Mart battle. Athens is nearly 30 percent African-American, and Black leaders from both sides of the argument are stuck trying to figure out what to do about a proposal to build a Wal-Mart near the city’s downtown area. One the one hand, leaders argue [...]
New Survey Shows Bulk Warehouse Retailer Costco Has Best Shopping Experience – TIME
American consumers don’t just like buying in bulk—they like the shopping experience at one bulk-buying warehouse store a lot more compared to other retailers. Based on the results of a new survey, Costco has been named the retailer scoring the highest overall ratings with shoppers. In Consumer Reports’ latest survey, some 26,000 consumers were asked [...]
Is ‘Made in America’ Back In Style? – TIME
My grandparents had two criteria for buying a car: It had to be blue, and it had to be American. The last time they purchased a car was in the ’90s, when American car companies didn’t have the best reputations for quality or reliability. When a few members of the family’s younger generation brought up [...]
Walmart Rockets from 15th to Third in EPA Green Power Rankings – Environmental Leader
Walmart has shot to third place on the EPA’s rankings of the country’s top green power purchasers, from 15th place just last quarter. The Green Power Partnership ranking, for the retailer’s Texas and California facilities alone, pushes Whole Foods down to fourth place. According to the EPA’s data, Walmart’s facilities in the two states use [...]
Companies May Oust Suppliers Over Environment Goals, Group Says – Bloomberg
Companies looking to save money by going green may be willing to fire suppliers who don’t act quickly to help, a nonprofit group called the Carbon Disclosure Project reported after surveying Coca-Cola Co. (KO) and others. The number of multinationals planning to dump vendors within five years for missing environmental targets more than doubled to [...]


