Correspondent, Consumer Products & Retail
Jessica's Feed
Sep 16, 2013
Sep 16, 2013
Sep 12, 2013

Walmart U.S. banks on kids’ picks for holiday toys

NEW YORK (Reuters) – Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) expects competition in the toy aisles to be so tough this holiday season that it has turned to the experts in the field: kids.

The largest U.S. retailer brought in more than 1,000 kids earlier this year to test toys and rank their favorites, Walmart U.S. CEO Bill Simon told Reuters on Wednesday. He said the toys category is likely to be the one that sees the biggest pricing pressure this holiday season.

Sep 11, 2013

Walmart U.S. CEO ‘amazed’ by shoppers’ resilience

NEW YORK (Reuters) – U.S. consumers are ready to shop this Halloween, Thanksgiving and Christmas as they “find a way to navigate” through a continued difficult economy, Walmart U.S. Chief Executive Bill Simon said on Wednesday.

While the 2 percent payroll tax increase and other concerns cause people “to pause and think about what they’re spending,” Simon continues “to be amazed by the resilience of the consumer,” the head of the largest U.S. retailer said at the Reuters Global Consumer and Retail Summit in New York.

Sep 11, 2013
Sep 11, 2013
Sep 11, 2013
Sep 11, 2013
Sep 10, 2013
Sep 10, 2013