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Walmart Cuts Full Year Profit Forecast as Shoppers Cut Back

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Bentonville, AR—Confirming a concern that middle income consumers have been reluctant to spend on discretionary purchases, Walmart today reported a modest profit and sales gain and lowered its full year forecast. Said CFO Charles Holley: “The retail environment remains challenging in the U.S. and our international markets, as customers are …

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Retail Report Reveals “Best” and “Worst” Retailers of 2012 Season?

In Industry Experts, Reports, What's New by Accessories StaffLeave a Comment

Industry Experts

Charleston, SC—How do you measure what makes a retailer the “best” or “worst” of 2012? Well, According to America’s Research Group (ARG), which today released its Updated Retail Report, you have to taken into account customer retention. “A well-marketed, well-merchandised retailer needs to retain 80% or more of its customer …

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Executive Changes: Walmart, Old Navy, JCPenney, Lane Bryant, Laura Ashley

In People, Reports, What's New by Accessories StaffLeave a Comment

People

 Rosalind Brewer to Head Sam’s Club; Internal Promotions at Walmart Bentonville, AR—Rosalind Brewer, who has been president of Walmart U.S.’ 1,600-store Eastern business unit, is being named to succeed Brian Cornell, president/ceo of Sam’s Club, who left his position for family reasons. Brewer , 49, who previously was an executive …

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Walmart’s U.S. Sales Rebound Despite Q3 Profit Miss

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Bentonville, AR—While Walmart’s third quarter profit just missed expectations, the retail giant reported some good news about its U.S. division: comparable store sales increased 1.3%, ending nine quarters of declines. Only last month, executives at U.S. Walmart told investors that turnaround initiatives begun last year seem to be coming to …