Walmart – Stan Tashman & Associates, Inc.

Here’s where Walmart is expanding its store base

February 11, 2016/in Walmart /by tashman

On the heels of announcing it would close more than 150 stores in the United States, Walmart says it will open 15 supercenters this month in Canada.

These grand openings bring Walmart Canada’s total store count to 400 stores, including 312 supercenters and 88 discount stores. The company says its 15 supercenter projects represent an investment of more than $100 million and have generated approximately 700 new store jobs and 1,450 construction and trade jobs in that nation.

“We’re thrilled to open our 400th location in Canada this month, as well as our 300th supercenter,” said Preyash Thakrar, senior vice president, strategy and real estate. “These supercenters will provide even more Canadian communities with affordable access to quality fresh groceries and one-stop shopping, while also saving them money.”

Read the article from Retailing Today

Walmart Shifts Merchandising Decision-Making Back to Store Owners

August 26, 2015/in Walmart /by tashman

Ongoing operational changes at Wal-Mart could mean more costs for suppliers on top of recently added charges related to the retailer’s efforts to amend its vendor contracts. Walmart U.S. CEO Greg Foran said in Tuesday’s (Aug. 18) earnings release that several changes underway will have a direct impact with suppliers.

Somewhat buried in the release was a statement that involved product features and modular decisions, which are important to suppliers. Foran said Wal-Mart is shifting some of the decisions involving modulars and features back to store operators. Insiders within the local supplier community said there are implications for small and larger product vendors regarding the modular changes.

Large suppliers who in past years have downsized their merchandising staffs could be forced to shift budgets and once again reallocate more resources to the stores. Another alternative would be to outsource the work to one of several merchandising service firms across the country.

99 Cents Only Hires New Merchandising Exec

July 29, 2015/in 99Cent Only Stores /by tashman

Source- Retailing Today

Growth prospects for the food and consumables business at 99 Cents Only just improved considerably following the appointment of a former Walmart EVP of merchandising to a key role.

Jack Sinclair was named chief merchandising officer at 99 Cents Only in a move that signals the retailer’s growth aspirations. Sinclair left Walmart earlier this year as part of larger senior leadership change but not until after he had spent seven years leading Walmart’s U.S. grocery business as executive vice president of merchandising. Prior to Walmart, Sinclair spent 14 years at U.K.-based Safeway holding a variety of merchandising, marketing and operations roles.

“Jack’s significant experience in retail merchandising will be an asset to 99 Cents Only Stores as we continue to improve the execution of our core business plan that emphasizes a strong mix of seasonal, grocery, and close-out products,” Giancamilli said. “His deep knowledge of the grocery and fresh food category will be particularly valuable, given the importance of these categories to our customers and for driving traffic in our stores.”

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