US-based retailer Walmart Canada is investing over $118 million to build a high-tech fulfillment centre in Alberta, Canada. According to sources, the 430,000 sq. ft warehouse, located in Rock View County, will be a delivery hub for orders in Western Canada. The investment is said to be part of the retailer’s strategy to improve shopping experiences both online and in-store and will allow the company to expand the availability of …
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US-based retailer Walmart has announced that it has reached an agreement to sell its business in Argentina to Grupo de Narvaez. Walmart will not retain an equity stake, but will support the business through transition services and sourcing agreements under the new ownership, the company said. Grupo de Narvaez has retail operations in Argentina, Ecuador, and Uruguay. Judith McKenna, president and CEO of Walmart International, said: “We are very proud …
Supermarket giant Walmart has entered into an agreement to sell UK grocery chain Asda to Issa Brothers and TDR Capital for £6.8 billion ($9.1 billion). The acquisition will return the chain to UK ownership following its acquisition by Walmart for £6.7 billion ($8.9 billion) in 1999. According to sources, the new owners joined together to acquire an equal ownership stake in Asda, and they intend to invest more than £1 billion ($1.3 billion) …
US retail giant Walmart has announced that it has begun testing the delivery of grocery and household products from its stores using automated drones. Launched in Fayetteville, North Carolina, this test is being carried out in partnership with Flytrex, an end-to-end drone delivery company. The drones are controlled over the cloud using a smart and easy control dashboard, the company said The experiment will allow the company to “gain valuable …
US-based discount retail chain Wal-marthas announced the acquisition of Cornershop, a leading online marketplace for crowdsourced on-demand deliveries from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, in a deal worth $225 million. According to Walmart, the transaction is an important step forward to accelerate the company’s omnichannel capabilities and its growth in Latin America. Judith McKenna, president and CEO of Walmart International, said: “Cornershop’s digital expertise, technology and …
The Argentinian arm of US retailer Walmart and Mercadoni, a leading online shopping platform, have announced a partnership agreement enabling online orders to be delivered faster, according to a report in America Retail. According to sources, the agreement allows orders in the city of Buenos Aires to be delivered within two hours of being placed. Fernando Rubirosa, associate director of e-commerce at Walmart Argentina, said: “The pilot scheme that we …
US retail giant Walmart has announced the launch of a new Italian food range, introduced under the Sam’s Choice Italia brand name. According to Walmart, the range was developed in partnership with the Italian Trade Agency and features 40 products, including ready meals, bagged pastas, pesto and pasta sauces, canned tomatoes, balsamic vinegar and frozen pizzas. Jack Pestello, senior vice president, Private Brands at Walmart said: “Teaming up with the …
Walmart Brasil, the Brazilian arm of the world-leading grocery retailer, has announced the opening of a new store concept in Brazil called Walmart Supermercado (‘Supermarket’). According to a press release from the retailer, the initiative is part of an investment of R$500 million ($152 million), in which the new concept will be adopted by 120 stores that are currently under the banners Bompreco, Mercadorama and Nacional. The new concept is …
Jet.com, the e-commerce retailer acquired by retail giant Walmart in 2016, is to launch a line of own brand grocery products under the name Uniquely J, according to a report in the New York Post. The move comes as e-commerce rival Amazon steps up its activities in the FMCG space, including launching its own line of private label grocery products in 2016, and most recently acquiring the retail chain Whole Foods Market in …
Multinational retailer Walmart has announced that it is to launch a service enabling consumers to order products via Google Express, technology giant Google’s e-commerce platform. Writing in the New York Times, Marc Lore, Walmart US president & CEO of e-commerce, said the firm would be working with Google to offer hundreds of thousands of items via Google Assistant, a service that permits ordering use voice recognition technology. “Our new voice shopping …
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