Wal-Mart

Wal-Mart Stores was founded in 1962 by Sam Walton, and is headquartered in Bentonville, Arkansas. It is the world’s largest retailer, and is controlled by the Walton family.

Wal-Mart sacks senior executives on mainland and in Hong Kong

Wal-Mart is encountering stiff competition in China. Photo: Reuters

Wal-Mart Stores, the world's top retailer, has fired about 30 senior executives in China, including several in Hong Kong, amid a restructuring in Asia that includes store closures in Japan and management changes in India.

Friday, 28 November, 2014, 4:35am 1 comment

Wal-Mart to focus on food safety as China sales slow

Wal-Mart plans to spend 300 million yuan on food safety in China in the three years to 2015, up from 100 million yuan. Photo: Reuters

Wal-Mart Stores is focusing on food safety as the world's largest retailer aims to boost profitability of its more than 400 stores in China, said Wal-Mart Asia chief executive Scott Price.

10 Nov 2014 - 9:54am

Wal-Mart apologises over 'fat girl' Halloween outfits

Halloween outfits, now listed as plus-size. Photo: SCMP

Wal-Mart Stores apologised for labelling some Halloween outfits on its website as "fat girl costumes" after it drew criticism on social media.

29 Oct 2014 - 3:55am

Wal-Mart boosts China food safety budget threefold to 300m yuan

A Wal-Mart store in Chongqing. Photo: Xinhua

Wal-Mart, the world's biggest retailer, will increase its food safety budget in China threefold to 300 million yuan (HK$378 million).

18 Jun 2014 - 2:44am 1 comment

Wal-Mart puts quality before price in China

Wal-Mart is focusing on private-label products and imports, putting its stamp on quality and safety in China.

Wal-Mart Stores, famed for its low prices, has stumbled in the one major market where consumers say price is less of a driver in their buying decisions: China.

24 Feb 2014 - 6:24am

Wal-Mart recalls tainted donkey meat in China, eyes legal action

Wal-Mart was fined in China in 2011 for manipulating product prices and for selling duck meat past its expiry date. Photo: Reuters

Wal-Mart Stores, the world’s largest retailer, said it has recalled donkey meat sold at some outlets in China after tests showed the product contained the DNA of other animals.

3 Jan 2014 - 10:59am

Li & Fung shares drop nearly 5pc on report about Wal-Mart cutting orders

Bill Simon, the chief executive of Walmart US said in August that inventory in his division jumped 6.9 per cent that quarter. Photo: AP

Global exporter Li & Fung said business with its major customer Wal-Mart Stores is normal, but its shares still slid as much as 4.9 per cent on a report that the US retailer is cutting orders to suppliers.

26 Sep 2013 - 5:52pm

Wal-Mart sales disappoint as US shoppers curb spending

Wal-Mart has cut revenue and profit forecasts, raising concerns about retail spending as the holiday season nears. Photo: AFP

Wal-Mart Stores reported a surprise decline in quarterly same-store sales in the United States, its biggest market, after shoppers came in less often because higher taxes and petrol prices were leaving them with less spending money.

16 Aug 2013 - 10:25am

Red tape, graft mean India not such a super market for Wal-Mart

A customer shops at a Best Price Modern Wholesale store, a joint venture of Wal-MartStores and Bharti Enterprises. Photo: Reuters

Wal-Mart’s India expansion is stalled.

When India announced last September that it would allow foreign supermarket chains to take majority ownership of their Indian operations, it marked a victory for Wal-Mart Stores, which had spearheaded efforts to open the market and said its first retail store would open within two years.

8 Jul 2013 - 1:53pm

More Bangladesh factories dangerous: AP

A woman, who lost her arm in the Rana Plaza building collapse, undergoes treatment at a Bangladesh hospital. The April 24 building collapse caused 1,130 deaths. Photo: EPA

Bangladeshi garment factories are routinely built without consulting engineers. Many are located in commercial or residential buildings not designed to withstand the stress of heavy manufacturing. Some add illegal extra floors atop support columns too weak to hold them, according to a survey of scores of factories by an engineering university that was shown to The Associated Press.

14 Jun 2013 - 3:04pm

Barred by Wal-Mart, Bangladeshi clothes suppliers feel left on the shelf

Bangladesh relies on garments for 80 per cent of its exports. The country is second only to China in apparel exports. Photo: AFP

The day after Wal-Mart Stores published Simco's name on its list of banned Bangladesh suppliers, the garment maker learned it had lost an order from US retailer J.C. Penney for 500,000 pairs of pyjamas.

7 Jun 2013 - 3:46am

Wal-Mart takes own path on factory safety

Activists are sceptical over Wal-Mart's factory safety moves.

Wal-Mart Stores, the American chain that is the world's largest retailer, said it would not accept "at this time" an agreement to improve fire and building safety in Bangladesh that is supported by labour monitoring groups and signed by several other retailers this week.

16 May 2013 - 2:45am 1 comment

Baidu searches for growth in deal with online grocer

Search giant Baidu is pushing further into the world of mainland e-commerce with a deal with Yihaodian. Photo: Bloomberg

Baidu, the mainland's biggest internet search service provider, is set to work with a local online retailer backed by American supermarket giant Wal-Mart to tap the country's fast-growing e-commerce sector.

21 Mar 2013 - 5:20am

Foreign supermarkets find competition tough in China

Foreign supermarkets are losing out to mainland stores that are better located and given support by the government. Photo: Reuters

Foreign supermarket chains are struggling to compete on the mainland and should expand their online sales platforms to boost their revenues, industry insiders say.

23 Feb 2013 - 4:51am

Doubts rise over Li & Fung future

Wal-Mart has reduced its reliance on Li & Fung since last year as it starts to develop its own sourcing division. Photo: AFP

Shares in Li & Fung plunged to a new low of HK$9.93 yesterday after the company lost another contract from a US client, renewing fears that the biggest distribution and trading company in Hong Kong is losing its middleman role in global trade.

9 Feb 2013 - 4:51am

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