Three months after entering into a strategic alliance to expand the breadth and convenience of online shopping options for Chinese consumers, Walmart and JD.com have announced a series of new ways for customers to access high-quality products from around the world. The initiatives include exclusive Sam’s Club store and a Walmart cross-border store on the JD.com platform and two-hour delivery from Walmart stores.
Sears Holdings Company is banking heavily on members of its Shop Your Way loyalty program, but industry experts are saying it may be “too little, too late” for Sears.
Amazon is working to expand its consumer packaged goods market and take on warehouse club stores like Costco and Walmart’s Sam’s Club with its new business the Pantry, according to a report by USA Today.
Walmart reported its net sales for the third quarter of $114.9 billion, an increase of 1.6% from last year, according to its financial report released on Nov. 14.