Wal-Mart announced that it will open six stores in Chicago by 2013. The stores will create 1,000 permanent jobs with their new stores and an extra 200 for the construction. The goal is to bring well-priced groceries, goods and pharmaceuticals to the underprivileged neighborhoods. Will you...

Wal-Mart chief executive Doug McMillon announced the closing of the deal, which was pending regulatory approval, in a blog post on the retailer's website. The deal value, which was the largest for an online startup, will give Wal-Mart access to Jet.com's innovative pricing software and...

Wal-Mart pays about five cents more to Visa for each signature transaction than it does for the so-called PIN transactions. The suit underscores how retailers and financial institutions are locked in a continued battle on how to balance security while also providing convenience for shoppers.

the night before, according to Wal-Mart records. Online sales in China hit $307 billion in 2013, reached $589.2 billion last year and should exceed the trillion dollar mark by 2019. By comparison, in the US, online spending hit $334 billion last year and is expected to generate $480 billion...

Wal-Mart said in June it sold a majority stake in Chinese e-commerce firm Yihaodian to JD.com Inc, which is China's second-largest e-commerce company. Wal-Mart's sales in the online unit were $13.7 billion in 2015, according to research firm Internet Retailer. "We're looking for ways to...

Wal-Mart's US business was a little better but still disappointing. Last July, Wal-Mart responded to Amazon's Prime Day by lowering the threshold for free shipping for online purchases to $35 from $50 for at least 30 days and offering discounts on thousands of items online. Other stores,...

"I think Wal-Mart did have success with e-commerce, if not we would not give them so much shares when we acquired Yihaodian," he said in a separate interview. Liu said there is potential for the partnership to go global, especially with Wal-Mart's $3.3 billion acquisition of US e-commerce...

The deal combines Jet's proprietary technology, customer data and Lore's e-commerce know-how with Wal-Mart's extensive supplier relationships and its $480 billion revenue stream that can be used to fight Amazon, the online market leader. Marc Lore is "one of the smartest people in...

But as Wal-Mart prepares to test a free shipping program aimed at undercutting Amazon on price, the prospect of competing with a rival that spends heavily on investments has raised some concerns. "They continue to try to grow e-commerce which is good because it is growing. But it comes at a...

× Photo via Getty This is interesting: WWD reports that LA-based starlet Drew Barrymore is collaborating with Italian beauty supplier Intercos to launch a makeup line exclusively for...Wal-Mart. Sources reveal to the fashion trade journal that her five-year Cover Girl stint ends in...

 

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