Nathan's Feed
Oct 2, 2015

Wal-Mart cuts 450 jobs in Arkansas to be ‘more nimble': memo

By Nathan Layne

(Reuters) – Wal-Mart Stores Inc is cutting 450 jobs at its headquarters in Arkansas as part of a reorganization of the retailer’s management structure, according to an internal memo circulated to staff on Friday.

The cuts are aimed at making the world’s largest retailer by revenue a “more nimble organization” and is part of a review that will lead to “pulling back in some areas and investing in others,” Chief Executive Doug McMillon said in the memo, which was seen by Reuters.

Oct 2, 2015

Wal-Mart banks on cavernous warehouses in e-commerce push

ATLANTA (Reuters) – Wal-Mart Stores’ expanding network of large distribution centers will allow it to deliver packages throughout the United States in two days, setting it up to compete more efficiently in online holiday sales, a senior executive said on Thursday.

Competition with online rivals including Amazon.com, which recently surpassed it in market value, has heated up and Wal-Mart has committed as much as $1.5 billion this year to invest in e-commerce.

Sep 23, 2015

Exclusive: Wal-Mart presses suppliers to share benefits of cheaper yuan

CHICAGO (Reuters) – Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) is seeking price cuts from suppliers that produce goods in China, saying the retailer should share in the savings generated by China’s devaluation of the yuan, people with knowledge of the matter said.

Wal-Mart managers in recent weeks have contacted more than 10,000 suppliers in various countries, all of which have manufacturing facilities in China, seeking cost cuts of 2 percent to 6 percent on mainly general merchandise including home furnishings, apparel, health and beauty products, appliances, electronics and toys, according to a consultant who advised Wal-Mart on the move and spoke on condition of anonymity to protect his relationship with the retailer.

Sep 19, 2015

Starbucks? OK. Lattes? No! Cuba business rules still complex after U.S. changes

Sept 18 (Reuters) – Starbucks Corp can move to
Cuba, but it still cannot sell lattes there.

The Obama administration on Friday tore down barriers to
U.S. companies doing business on the Communist-ruled island just
south of Miami, but plenty of regulatory and legal roadblocks
remain on both sides of the Florida Straits.

Sep 19, 2015

Starbucks? OK. Lattes? No! Cuba business rules still complex after U.S. changes

Sept 18 (Reuters) – Starbucks Corp can move to
Cuba, but it still cannot sell lattes there.

The Obama administration on Friday tore down barriers to
U.S. companies doing business on the Communist-ruled island just
south of Miami, but plenty of regulatory and legal roadblocks
remain on both sides of the Florida Straits.

Sep 17, 2015

Wal-Mart worker group splits in two; both sides vow to continue wage fight

CHICAGO/LOS ANGELES, Sept 16 (Reuters) – A Wal-Mart Stores
Inc worker group that has successfully pushed the
retailer to boost wages and improve conditions has splintered
over a disagreement about funding and strategic direction,
according to people on both sides of the split.

Both wings are claiming the name OUR Walmart and vow to
continue their work, moves that could sow confusion among
supporters.

Sep 10, 2015

Unions file new Wal-Mart labor complaint related to store closure

By Nathan Layne

(Reuters) – Unions filed a second labor board complaint
against Wal-Mart Stores Inc related to its temporary
closure of a California store, claiming the retailer
discriminated against activist workers by not transferring them
to nearby stores.

The retailer says the closure of the California store – and
four others at the center of the first complaint – was justified
by the need for extensive repairs. It says it has offered 75
percent of employees who sought a transfer an opportunity to do
so.

Sep 10, 2015

Kmart beefs up layaway plan eyeing early holiday demand

Sept 10 (Reuters) – Kmart has expanded its layaway program
and dropped a required down payment on a lease-to-own plan,
joining other U.S. retailers in trying to get a jump start on
grabbing holiday shoppers.

Kmart, a unit of Sears Holdings Corp, started
allowing customers to buy in installments with no down payment
last week, an option it will offer every day through the end of
November.

Sep 10, 2015

Kmart beefs up layaway scheme eyeing early holiday demand

Sept 10 (Reuters) – Kmart has expanded its layaway program
and dropped the requirement for a down payment on a lease-to-own
scheme, joining other U.S. retailers in trying to get a jump
start on holiday shopping demand.

Kmart, a unit of Sears Holdings Corp, started
allowing customers to sign up to buy items in installments with
no down payment last week, an option it will offer every day
through the end of November, a company executive told Reuters.

Sep 3, 2015

Sam’s Club jumps into auto sales with TrueCar tie-up

By Nathan Layne

(Reuters) – Sam’s Club, the warehouse division of Wal-Mart Stores Inc, has tied up with online car-shopping service TrueCar Inc to make a full-fledged foray into auto sales, a fast-growing business for rival Costco Wholesale Corp.

Until now Sam’s Club had allowed a third-party auto-buying service to market cars through its website but had not operated its own program like Costco, which has quietly grown into one of the biggest players in the industry, selling nearly 400,000 vehicles last year.