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Walmart sacks 56 executives in India as part of restructuring

NEW DELHI (Reuters) – Walmart Inc, the world’s largest retailer, has fired 56 of its executives in India as it restructures in the country. The move underscores the challenges Walmart has faced in expanding its wholesale business in India. The Bentonville, Ark... More »

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Walmart India says eight senior staff among 56 executives fired

NEW DELHI (Reuters) – Walmart Inc (WMT.N), the world’s largest retailer, has fired 56 of its India executives including eight from senior management, Krish Iyer, President and CEO of its India unit, said on Monday. In a statement emailed to Reuters, Iyer said ... More »

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Walmart Japan’s new CEO: Seiyu ‘absolutely’ not for sale

TOKYO (Reuters) – The newly appointed chief executive of Walmart Inc’s Japanese supermarket chain Seiyu on Monday denied the business was up for sale, following reports last year that the U.S. retail giant was looking for a buyer. “I’m not here to sell a busin... More »

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Wal-Mart reassures employees as it touts tech investments

Conveyors are seen at a Wal-Mart Stores Inc distribution centers in Bentonville, Arkansas June 6, 2013. REUTERS/Rick Wilking/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE Ð SEARCH ÒBUSINESS WEEK AHEAD JULY 4Ó FOR ALL IMAGES – RTX2JK7F Wal-Mart Stores Inc execu... More »

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Wal-Mart offers discounts for online orders picked up in store

A man talks on his mobile phone in front of a Wal-Mart store in Sao Paulo, Brazil, February 16, 2016. To match Insight WALMART-BRAZIL/ REUTERS/Nacho Doce Wal-Mart Stores Inc will offer ‘pickup discounts’ to U.S. shoppers on items they order online and pick up ... More »

Wal-Mart Pay in talks with several mobile wallet companies

A man talks on his mobile phone in front of a Wal-Mart store in Sao Paulo, Brazil, February 16, 2016. REUTERS/Nacho Doce Wal-Mart Stores Inc (WMT.N) is in talks with several mobile wallet companies to offer more payment options in its Wal-Mart Pay app, an exec... More »