Edition:
United Kingdom

Nandita Bose

Walmart CEO points to new company culture, cuts profit forecast

16 Oct 2018

Walmart Inc's chief executive officer on Tuesday urged investors to revise their view of the company's business, touting its tech investments to grow online sales at a time that Walmart is battling Amazon.com for market share.

Sears faces tough foe: an unforgiving bankruptcy code

16 Oct 2018

When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a "time bomb" that retailers have had a tough time surviving.

Walmart acquires online lingerie retailer Bare Necessities

12 Oct 2018

NEW YORK Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space.

Empty shelves, poor customer service speed Sears' decline

12 Oct 2018

Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes. | Video

RPT-Empty shelves, poor customer service speed Sears' demise

12 Oct 2018

Oct 12 Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes.

Empty shelves, poor customer service speed Sears' demise

12 Oct 2018

Oct 12 Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes.

Walmart to invest $250 million in joint venture with content firm Eko - source

11 Oct 2018

NEW YORK Walmart Inc has signed a joint venture with Eko, a developer of interactive video content, to attract shoppers and boost customer engagement, and will invest $250 million in the venture as well as a funding round, a source with direct knowledge of the matter told Reuters.

Walmart partners with MGM to boost video-on-demand service Vudu

08 Oct 2018

NEW YORK Walmart Inc said on Monday it will partner with U.S. movie studio Metro Goldwyn Mayer to create content for its Vudu video-on-demand service, which the retailer bought eight years ago. | Video

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