Teen and tween discounter Five Below announced today it has named Joel Anderson as president. Anderson was previously president and CEO of Walmart.com, according to a press release from Five Below.
Wall Street wasn’t wowed when Walmart announced its consolidated net sales for fiscal year 2014. But the retailer was able to hang its hat on its global ecommerce sales, which grew 30% and surpassed $10 billion.
Walmart Canada announced that it will invest close to $500 million over the next 12 months in an effort to expand its network and its distribution and ecommerce operations.
As we wrap up another year, merchants are now looking into what they can expect for 2014 in the ecommerce world. This article will look back at what was hot in 2013, and what merchants should focus on moving into 2014, including creating targeted, personalized and seamless shopping experience for consumers.
Walmart announced today that David Cheesewright will become the president and CEO of Walmart International. At his previous post with the retailer, Cheesewright was the president and CEO of Walmart’s Europe, Middle East, Africa and Canada. Cheesewright will assume his new role on Feb. 1, 2014.
Cyber Monday proved to be the biggest online sales day in the history of Walmart. In fact, according to the retailer, from Thanksgiving through Cyber Monday was the highest five-day stretch in online sales for the retailer in its history with over one billion page views processed.
Walmart.com processed nearly 400 million page views on Thanksgiving Day, including customers who used mobile devices and tablets.
Walmart will roll back its free shipping threshold to $35 on Cyber Monday, with will match what Amazon actually raised its free shipping minimum to last month.
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.
Walmart announced it would open to new fulfillment centers dedicated to fill online orders, including one in Texas and one in Pennsylvania.