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

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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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Mobile Shopping Report: Retailers Fall Short of Consumers’ Expectations

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Wellesley, MA—While Black Friday and Cyber Monday 2012 proved that mobile commerce is growing steadily, new research reveals that the top 20 brick-and-mortar retail brands still fall short of consumers’ expectations for fast, well-designed and functional mobile apps and websites. According to Mobiquity’s Mobile Shopping Satisfaction Report, an independent consumer …

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Walmart Q3 Profit Up 9%, But Sales, Q4 Forecast Miss

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Bentonville, AR—Walmart reported today that its third quarter profit increased 9% but the world’s largest retailer’s sales and fourth quarter/holiday guidance trailed analysts’ estimates. For the quarter ended Oct. 26, Walmart posted net income of $3.64 billion, or $1.08 a share, compared with earnings of $3.34 billion, or 96 cents …

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Feds to Investigate Walmart over Mexican Bribery Charges

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Washington—The U.S. Justice Department has reportedly launched a criminal investigation of Walmart regarding alleged $24 million in bribes that the retail giant’s representatives paid to local officials in Mexico to speed up opening stores there in early 2000s. According to a Bloomberg News report, the Justice Department is “investigating potential …

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Walmart Invests $12 million to Help Women Entrepreneurs in Latin America, Caribbean

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Cartagena, Colombia—U.S. Secretary of State Hillary Clinton announced that a new public-private partnership, which includes Walmart, that will aim to help train and nurture women entrepreneurs in Latin America and the Caribbean. Clinton, who was in Cartagena with President Barack Obama and U.S. officials attending the Summit of the Americas, …