According to a top Indian government official, Walmart's plans of getting into the country's multi-brand segment could be at its final stage.
Tags: WalMart
Amazon set to dominate online this holiday
Online shopping website Amazon is set to dominate this holiday season, rising above other ecommerce rivals and traditional retailers and hitting a 54% increase in its stock this year.
Wal-Mart CEO steps down; Chief of International Unit to take over
Wal-Mart CEO and President Mike Duke will officially step down on Feb 1, 2014 and will be replaced by Doug McMillon who is the head of Wal-Mart's international division. Duke will continue his role as Chairman and will be advising the new CEO for a year.
Retailers gearing for all important Christmas shopping season
WalMart, Sears, Macy's and other retailers are now doing their best to increase sales for the coming Christmas season.
Walmart’s holiday deals released early in anticipation of customer demands
Walmart decided to offer its holiday deals early in anticipation for holiday shopping season. According to a Reuters reports, retailers in the US faced the shortest holiday in the past few years to prepare for customers' demands.
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In a surprising but laudable move, multinational retail company Walmart released changes on its 2014 healthcare package, including a provision for LGBT employees to elect domestic spouses in health insurance.
PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.
Centre for Retail Research aid that the royal baby boy would generate US$373 million retail boom until August 31.
Loblaw Cos Ltd. would buy Shoppers Drug Mart Corp for US$11.9 billion so that it could create a retail giant.
The government of India may allow foreign retail stores such as Walmart and Tesco to come into the industry without any of those conditions given that their multi-brand retail venture is less than 50%.
Amidst the investigation against several top officials, Wal-Mart's board votes for James Cash as new Lead Director.
Wal-Mart celebrates its annual meeting and announces a share repurchase program. (Photo : Reuters)The image is the frontage of a Walmart store. Wal-Mart Stores Inc has announced plans to undertake a US$15 billion share repurchase plan during its annual workers meeting last Friday.
Walmart and Tesco are restricted to acquire existing Indian retailers because of the new policy set by the Indian government stating foreign companies should start from scratch.
