Wal-Mart Stores is running a new price-comparison test in at least 1,200 U.S. stores and squeezing packaged goods suppliers in a bid to close a pricing gap with German-based discount grocery chain Aldi and other U.S. rivals like Kroger Co, according to four sources familiar with the moves. Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company’s revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with Wal-Mart.
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Walmart’s Ridiculously Wealthy Heirs Just Keep Getting Even Richer — Here’s How
Who said retail stinks? Tell that to the richest family in America, who got multi-richer Tuesday after shares of Walmart rose 3% following a better-than-expected fourth quarter. That jump deepens the pockets even more of Sam Walton’s three surviving children-Rob, Jim and Alice.
Wal-Mart dumps its version of Amazon Prime for new path
Wal-Mart is replacing a program that offered free shipping but had an annual fee with one that has a lower free shipping threshold and faster delivery as it hopes to answer Amazon’s powerful Prime membership success. The retailer says it will reduce shipping time to two days on 2 million of its most popular items including essentials like diapers and pet food as well as hot toys and electronics.
Wal-Mart opts for free, faster shipping on necessities
Wal-Mart is replacing a program that offered free shipping but had an annual fee with one that has a lower free shipping threshold and faster delivery as it hopes to answer Amazon’s powerful Prime membership success. The retailer says it will reduce shipping time to two days on 2 million of its most popular essentials like diapers, pet food and cleaning supplies.
Walmart C-Suite Takes Another Hit as Uphill Battle with Amazon Rages On
Walmart Stores will reportedly promote several executives from its recently acquired Jet.com e-commerce business, as it continues a push to bolster its e-commerce offerings and compete with Amazon.com . According to an internal memo first obtained by Bloomberg, Walmart’s e-commerce CEO, Jet’s Marc Lore , announced that Jet’s chief revenue officer, Scott Hilton, will become the chief revenue officer for all of Walmart’s e-commerce operations.