Walmart News Now

02/24/2011 - 17:19

During Walmart’s fourth-quarter conference call, Walmart U.S. president and CEO Bill Simon said the company will pursue a four-point plan to improve its performance in existing stores. The first order of business -- and something Simon has talked about since he was appointed to his current position last summer -- is a renewed emphasis on everyday low prices, or EDLP.

02/24/2011 - 17:11

Everyone has an opinion on Walmart, especially given the subpar performance of the U.S. stores division. The search for answers makes for some interesting conversations such as the one that took place earlier this week on the financial news network CNBC. Click here to watch.

02/24/2011 - 13:11

Walmart said it will present more than $1.5 million to nonprofits in six U.S. communities, thanks to Facebook users' help with the retailer's commitment to fight hunger through 2015.

02/22/2011 - 12:37

Wal-Mart de Mexico SA reported that profit for the fourth quarter increased 14%, citing newly acquired stores in Central America for the improved performance.

02/17/2011 - 18:11

From a strictly legal standpoint Walmart may have prevailed this week in a case involving a customer who was murdered in its parking lot after a jury found the company wasn’t liable for inadequate security. Then again, the mere fact that Walmart had to appear in court to defend itself against charges stemming from a murder in its parking lot meant the company was a loser before the trial began simply because of the negative publicity.

Let’s be clear, the biggest loser was the guy who got murdered, Michael Born, an unfortunate fellow who was attempting to replace a headlight in the parking lot. Attorneys for the plaintiffs claimed that Walmart knew the store was located in a high-crime area, and that police were repeatedly called to the site. However, neither Walmart nor its hired security service, Wackenhut, took adequate measures to protect Walmart customers. Wackenhut, but not Walmart, was found liable and the jury awarded $1 million in damages.

02/17/2011 - 17:55

Enterprising television reporters at KGTV in San Diego caused Walmart some grief this week when they uncovered that prices were ringing up incorrectly on some items and customers were not being offered a $3 refund in keeping with a 2008 court order. To watch the video click here or continuing reading.

02/17/2011 - 17:48

Walmart Canada has selected DiJiPOP to provide on-demand shopper marketing technology solutions for its e-commerce site and to help power digital shelf space monetization efforts.

02/17/2011 - 17:40

Walmart and Target are being blamed for driving shares of Canadian retailers to their lowest level in six years, according to a Bloomberg report this week.

02/17/2011 - 17:21

Walmart earlier this week named Cindy Davis EVP of a newly created global consumer insights business unit. She will be responsible for understanding broad consumer trends world wide and creating advanced analytical tools to support Walmart’s business, a sizeable task considering Walmart’s expanding global empire and the diversity of markets being served.

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