American store chain Walmart has opened a new type of store, called Walmart Pickup and Fuel: it is a hybrid between a gas station, a grocery store and a pick-up point for online orders.
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In order to conquer the huge Chinese market, Walmart is counting on its strategic partnership with JD.com, while Amazon and Alibaba have found each other as well. A battle of the titans has erupted, and not just in China.
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American department store chain Walmart placed a tower in one of its stores, capable of distributing online orders automatically. Customers need only share their order number to get their own package.
The world's largest supermarket group, American Walmart, increased its full-year profit forecast on the back of a good second quarter.
Walmart reached a deal to acquire online retailer Jet.com, a deal that had been lingering for a few days but has now been officially announced. Walmart will pay 3.3 billion dollars (3 billion euro) to acquire the company.
American supermarket chain Walmart is allegedly interested in web shop Jet.com, which would mark a huge step in Walmart's efforts to compete with Amazon even more.
Walmart has signed a deal with JD.com: the American retailer willl get 5 % of the Chinese online retailer's shares in return for Yihaodian, Walmart's online marketplace in China.
Belgian Dirk Van den Berghe, Delhaize Belgium's former CEO, has been appointed Walmart Asia's regional chairman and Walmart China's CEO.
American Walmart plans to appoint Sean Clarke, currently CEO of its Chinese division, as CEO of its British division, Asda.
In Denver and Phoenix, Walmart will run a pilot program, using two alternative taxi companies (Uber and Lyft) to deliver groceries to customers. It will launch the service later this month.
American Twice's Consumer Electronics Retailers Report says Amazon is currently the world's second largest consumer electronics retailer, surpassing Walmart.