The impact of the pandemic on retail sales across markets in Asia Pacific varied greatly in 2022. The impact was largely dependent on each country’s Covid-19 situation, containment measures adopted, a…
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Walmart increases stake in India’s Flipkart
U.S. retail giant Walmart has reportedly increased its stake in Indian e-commerce firm Flipkart by buying out hedge fund Tiger Global and venture capital firm Accel’s remaining stakes.…
Gap and Walmart partner for Gap Home
Gap is the first fashion retailer to partner with Walmart in the home space, delivering a multi-year partnership to offer timeless American style for modern living.…
Walmart acquires virtual try-on tech firm Zeekit
U.S. retail giant Walmart announced that it plans to acquire Israeli virtual fitting room company Zeekit, for an undisclosed sum, as the American company homes on improving the customer experience acr…
KKR and Rakuten to acquire majority stakes in Seiyu from Walmart
Walmart Inc., KKR & Co. Inc. and Rakuten, Inc., announced the signing of definitive agreements under which KKR will purchase a majority stake, and a new Rakuten subsidiary will purchase a minorit…
Walmart selling ModCloth and Bonobos
Walmart has reportedly considered the sale of ModCloth and Bonobos, two of its biggest e-commerce acquisitions of the past two years.…
What is the hot new “Boundaryless Retail” trend?
Boundaryless Retail is on the rise as Chinese consumers are quickly adapting to buying groceries online for immediate delivery from local offline stores.…
Walmart’s biometric shopping cart : new source for customer data
US retail giant Walmart has applied for a patent for a smart shopping trolley that can track a shopper’s heart rate, temperature, grip and walking speed.…
Walmart looks to exit Japan
U.S. retailer Walmart Inc (WMT.N) has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported. …
Walmart now a major shareholder in Flipkart
Looking to take a majority stake of 51% in Flipkart, Walmart has completed a thorough due diligence process on the e-commerce firm Flipkart, as the US supermarket giant looks to take a controlling sta…