Category Archives: Business/Economy

Report: Walmart NOT Considering Whole Foods Bid — Reuters

Reuters reports that a source has indicated that Walmart is not considering a bid for Whole Foods: “Whole Foods, which has accepted a $13.7 billion offer from Amazon.com Inc, has not received any rival bids as of Friday, a second source said. Both sources spoke on condition of anonymity because the matter is confidential.“   Supplier Takeaway It may be too soon to tell whether Whole Foods will end up in Amazon’s hands. Suppliers, and everyone else, should be prepared...

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Sears Canada Cutting Back — Chain Store Age

Sears is closing stores in an attempt to stem losses in Canada: “Sears Canada will close 20 of its full-line stores, 15 Sears Home Stores, 10 outlet stores and 14 Sears Hometown locations. All other Sears locations will remain open, and the company ‘plans to continue to operate a large number of stores, continue to maintain significant employment, and to service its customers across Canada,’ the retailer said in a court filing.” Supplier Takeaway Things aren’t looking good for Sears...

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Walmart Leads in Paid Search Ads — Chain Store Age

  Walmart is still leading the pack when it comes to paid search advertising: “During this period, Walmart was the highest spender, investing $850,000 over a 12-month period. This was a staggering jump from only $51,000 between May 2015 and June 2016. Jet.com, which was acquired by Walmart in September, spent an additional $82,000 during the same timeframe, up from a mere $3,000 in the 12 months preceding June 2016, AdGooroo reported.   Supplier Takeaway Walmart continues to invest in...

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What’s Behind the Bonobos Acquisition? — Project-Disco.org

  Is the acquisition of Bonobos and other “hip” online brands a deliberate strategy by Walmart to update its image? “After Walmart’s acquisition of ModCloth in 2016, TechCrunch noted: “Bonobos and other fashion purchases that Walmart has made … are not known for cut-price goods.” Rather, while Walmart’s success is largely tied to offering low prices on all-purpose products, Bonobos advertises upscale, specialized clothing no matter one’s shape or size.“ Supplier Takeaway Do you think that Walmart is trying to...

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Walmart Ends Traditional Price Matching in Minnesota — StarTribune.com

Walmart has been ending its in-store price matching policy around the country. Minnesota stores are the latest to experience the change: “The move is an extension of a test that began last year as the country’s largest retailer quit price-matching in about 800 of its 5,000 U.S. stores. ‘Retailers are learning that the most price-conscious customers cherry-pick where they buy, whether it’s online or in stores,’ said Marshal Cohen, an analyst at the NPD Group. ‘Retail-only consumers are not as...

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Will Target’s Grocery Division Suffer in Walmart – Amazon Battle? — Bloomberg

Is Target going to get squeezed badly in the grocery battle between Amazon and Walmart? “It’s more than bad timing, though: Target’s food business has always paled in comparison to its apparel, beauty, and home decor departments, the so-called signature categories. Cornell’s handpicked grocery chief quit last year after 18 months on the job, and the CEO’s turnaround plan didn’t include any bold ideas for fixing its food business. Some analysts think Target should just outsource its grocery aisles to...

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Costco and Pricing — RetailWire

How important is it that Costco undercut Amazon’s prices? “According to a BMO Capital Markets study, Costco’s national brands prices were 19 percent less expensive on its website versus Amazon.com, while its Kirkland private-label brand was 16 percent lower.“ Supplier Takeaway Do you think that Amazon and Walmart have become the benchmarks for price points? What will this mean for your pricing strategies? Resources for Walmart Suppliers Are You an On Time In FOOL? Courses for Walmart Suppliers Podcast: Amazon…Whole...

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eBay Announces Price Match Policy — TechCrunch

eBay is now offering to match Walmart and Amazon prices. . .sometimes: “The move is a significant effort on eBay’s part to ensure that it doesn’t lose customers to Amazon, Walmart and other online stores as the market consolidates behind the industry’s major players.“   Supplier Takeaway What do you think of this move? Smart? Or one of desperation? Resources for Walmart Suppliers Are You an On Time In FOOL? Courses for Walmart Suppliers Podcast: Amazon…Whole Foods…Oh, Yeah, We’re Milking...

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Could Walmart Enter a Whole Foods Bidding War? — CNBC

Could Walmart enter a bidding war for Whole Foods? “JPMorgan research analysts said in a note Thursday that Wal-Mart could be drawn to Whole Foods for its relatively wealthier customers and strong brand, not to mention the chance to thwart Amazon’s ambitions. It is in a better position than other retailers such as Kroger, Costco or Target coming in over the top, the analysts said.” Supplier Takeaway This saga is far from over. We’ll keep you posted, but meanwhile, it’s wise...

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Report: Walmart Asks Suppliers to Take Apps off Amazon’s Cloud — CNBC.com

There are reports that Walmart is asking suppliers to take apps off Amazon Web Services: “The big-box retailer is reportedly warning some tech companies that if they want Wal-Mart’s business, they can’t run applications on Amazon’s cloud platform, Amazon Web Services, some tech companies told The Wall Street Journal.” Supplier Takeaway What do you think of these reports? Do you use AWS?   Resources for Walmart Suppliers Are You an On Time In FOOL? Courses for Walmart Suppliers Podcast: Walmart...

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