Wal-Mart Stores Inc

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

UK: Asda rounds off year with Q4 sales fall Dean Best | 20 Feb 14

Asda ended its 2013 financial year with a fall in underlying sales in the fourth quarter.

US: Wal-Mart shares tumble as Q4 earnings slide Michelle Russell | 20 Feb 14

Wal-Mart saw its share price tumble this morning (20 February) after the retail giant posted a fall in fourth-quarter earnings and lowered its fiscal 2015 sales guidance.

MEXICO: Walmex Q4 profit slumps on price cuts Richard Woodard | 19 Feb 14

Retailer Wal-Mart de Mexico, known locally as Walmex, saw its fourth quarter net profit drop thanks to price cuts and falling consumer confidence.

The Flanarant: Can you choose your productivity philosophy? Mike Flanagan | 17 Feb 14

The pressure for higher wages and better working conditions looks unstoppable – and is being accompanied by a wave of new initiatives aimed at making it easier for factories to compete while making these changes. But will they work? asks Mike Flanagan.

The just-style interview: Jeff Krilla, CEO, Bangladesh Safety Alliance Leonie Barrie | 11 Feb 14

As the first-year anniversary of the collapse of the Rana Plaza factory building approaches in April, it is inevitable that the global spotlight will focus on the promises made and progress delivered over the past 12 months on improving safety for Bangladeshi garment workers. Jeff Krilla, president and CEO of the Alliance for Bangladesh Worker Safety, talks to just-style about the group's work so far.

CANADA: Wal-Mart to invest CAD500m in expansion Katy Askew | 5 Feb 14

US retail giant Wal-Mart will invest "close to" CAD500m (US$452.4m) this year to drive growth in Canada.

BANGLADESH: Alliance factory safety inspections on track Leonie Barrie | 4 Feb 14

The US-based group working to improve safety conditions for garment workers in Bangladesh says it has inspected nearly one-third (31%) of the 700 factories used by its members - and is on track to have the process finished by July.

Comment: Wal-Mart fails to capitalise on Target weakness Katy Askew | 3 Feb 14

News Wal-Mart has lowered its full-year earnings forecast reflects more than the drag of store closures as it adjusts its international portfolio. The US retail giant is struggling to grow its top-line at home and lower fourth-quarter comparable domestic sales suggest it failed to capitalise on the data breach scandal that hit key competitor Target Corp., Katy Askew suggests.

US: Wal-Mart warns on FY profits Katy Askew | 3 Feb 14

Wal-Mart has said its full-year earnings could miss previously announced forecasts.

Comment: Can Coupe build on Sainsbury's clothing momentum? Michelle Russell | 29 Jan 14

Sainsbury's this morning (29 January) announced commercial director Mike Coupe will replace Justin King as the supermarket retailer's chief executive from July. While speculation will inevitably centre on what King will do next, the focus will also be on whether Coupe is a safe pair of hands for Sainsbury's and whether his focus will turn to the fast-growing area of clothing.

GUATEMALA: Groups claim Alianza workers deprived of $6m Leonie Barrie | 27 Jan 14

Workers making clothing for JC Penney, Macy's, Kohl's and Wal-Mart at the Alianza Fashion factory in Guatemala were deprived of more than $6m in back wages, benefits and pension funds when the company shut down last year, a new report claims.

BANGLADESH: Damco seeks bank help on sea-air shipments Siddique Islam | 24 Jan 14

Global freight forwarder and logistics services provider Damco is seeking help from the central bank of Bangladesh to resolve payment difficulties around its sea-air shipment business.

CAMBODIA: Retailers call for investigation into violence Katie Smith | 21 Jan 14

Adidas, Esprit, and Gap Inc are among a coalition of 30 retailers and brands that have signed a new letter calling for an investigation into the recent violence in Cambodia's garment industry.

INDIA: Wal-Mart "registers new company" Michelle Russell | 20 Jan 14

Global retail giant Wal-Mart is understood to have registered a new company in India as it prepares to enter the country's multi-brand retail market.

JAPAN: Fast Retailing makes senior Uniqlo appointments Michelle Russell | 15 Jan 14

Fast Retailing has made a number of appointments to the senior leadership team of its Uniqlo casual clothing chain.

BANGLADESH: Apparel exports soar 20% in H1 Siddique Islam | 14 Jan 14

Bangladesh's ready-made garment exports are continuing to soar, rising by nearly 20% in the first-half of the current fiscal year despite ongoing political uncertainty, labour unrest and factory safety issues.

Outlook 2014: Three key shifts in the global garment industry David Birnbaum | 13 Jan 14

From the rise of the billion dollar transnational factory giants to the bursting of the Bangladesh bubble and the decline of the retail store, David Birnbaum offers his take on the key apparel industry issues to watch in 2014.

US: Wal-Mart international CFO Smith to step down Michelle Russell | 13 Jan 14

US retail giant Wal-Mart has confirmed its international chief financial officer Cathy Smith is to step down from her role.

INDIA: Bharti Retail appoints Wal-Mart exec Jain as CEO Michelle Russell | 8 Jan 14

Bharti Retail has appointed the former head of Wal-Mart India, Raj Jain, as its CEO.

UK: Asda confident after "very tough" Christmas Dean Best | 6 Jan 14

UK retailer Asda has reported "a good performance" during what it described as a "very tough" Christmas trading period.

Top ten interviews on just-style in 2013... Katie Smith | 23 Dec 13

Among the industry executives who spoke with just-style this year were Tim Wheeler, president of Jockey's international division, Esquel Group's CEO John Cheh, and Joe Dixon, SVP of production at Brooks Brothers.

Is Bangladesh unrest forcing garment buyers to flee? AZM Anas | 20 Dec 13

Bangladesh's garment makers could face a drought of summer 2014 orders as western retailers have begun fleeing the South Asian nation after recent political violence and a physical attack on Spanish buyers.

The Flanarant: Fast facilitation is key for garment trade Mike Flanagan | 18 Dec 13

Trade Facilitation is the new industry buzzword, but can anyone get excited about it? asks Mike Flanagan. They should, he says, highlighting here the potential of the WTO's Bali Package to enhance clothing supply chains. He also urges the industry to push for fast implementation, noting that garment workers would be the biggest beneficiaries.

INDIA: Jobs axed as Wal-Mart goes solo Dean Best | 17 Dec 13

Wal-Mart has admitted some jobs will be lost from its business in India as the US retail giant plots its growth in the market alone.

INDIA: Wal-Mart promotes Iyer to head up India unit Michelle Russell | 13 Dec 13

Wal-Mart International senior vice president, Krish Iyer, has been promoted to the role of chief executive for the US retail giant's India operations.

BANGLADESH: Alliance for Worker Safety opens Dhaka office Katie Smith | 11 Dec 13

The Alliance for Bangladesh Worker Safety has opened an office in Dhaka, giving it a local presence from which to focus its efforts on improving fire and structural safety in the country's garment factories.

GLOBAL: Cheesewright to head Wal-Mart international arm Dean Best | 10 Dec 13

David Cheesewright, the head of Wal-Mart's operations in EMEA and Canada, is to be promoted to lead all of the retail giant's businesses outside the US.

US apparel production growth gives mixed message Michelle Russell | 6 Dec 13

Apparel production in the US was up in the third quarter for the first time in many years - indicating sustained economic recovery but also suggesting efforts to grow domestic manufacturing may be starting to take hold.

US: Wal-Mart international chief McMillon set for top job Dean Best | 25 Nov 13

Doug McMillon, the chief executive of Wal-Mart's operations outside the US, is to become the CEO of the world's largest retailer, it said today (25 November).

BANGLADESH: Campaigners fight on for Tazreen families Richard Woodard | 22 Nov 13

Campaign groups and unions are renewing calls for meaningful compensation for victims of the Tazreen Fashions factory fire – almost one year after the blaze killed at least 112 people.








just-style homepage

Forgot your password?