Posted by Barry Silverstein on March 14, 2012 10:16 AM
Walmart continues to be the low-price leader in the minds of consumers, and it aims to stay that way. As it promotes such tech innovations as UltraViolet, its new digital entertainment offering with VUDU, the retail giant is reportedly pushing suppliers to its grocery operations to cut prices so that Walmart stores can feature lower prices on a permanent basis instead of the previous promotional strategy of price "rollbacks."
Walmart is the largest seller of groceries in the U.S., so when it talks, suppliers listen. As Walmart CFO Charles Holley told reporters in February, "We want to work with vendors on that to see if we can take a price lower and leave it there permanently. The price image for a customer is very important."Continue reading...
Posted by Sheila Shayon on August 29, 2011 05:13 PM
Walmart is now the third largest retailer of digital movie downloads, ahead of Sony and Amazon, according to researcher IHS Inc.
The grandfather of big-box and the world's largest retailer, with $419 billion in annual sales, 9,600 stores in 28 nations and 10 billion customer visits annually, Walmart is suddenly reaping substantial revenue due to its acquisition of Vudu. Vudu offers digital versions of Hollywood movies for rental or purchase and was created to stream movies through its own set-top box, but switched gears when consumers chose other devices.
“The business we’re in today, offering first-run movies a la carte, is doing very well right now and has tripled so far this year,” said Vudu GM, Edward Lichty.Continue reading...
Posted by Chana Mayefsky on August 10, 2011 09:00 AM
Apple accused of e-book price fixing, as Amazon Kindles social interactions and rolls out cloud-based reader.
AT&T bid for T-Mobile faces California review.
Baidu shuts down Twitter-like service in China.
Banana Republic Facebook fans get first dibs on Banana Republic's Mad Men collection.
BlackBerry's fall from C-Suite to High Street riots in U.K. could damage brand.
Disney CEO Bob Iger seeks "great characters, great stories."
Kate Moss-inspired web ad banned in the U.K.Continue reading...
Posted by Dale Buss on July 27, 2011 09:00 AM
Aetna rises despite drop in demand for medical care.
Boeing beats estimates, boosts outlook.
Borders woes parsed in post-mortems.
Delta Airlines cuts capacity on rising fuel costs.
Disney and Marvel team for Captain America game, while Disney looks to shore up Bollywood business with UTV ownership.
Dow Chemical quarterly profit up 74%.
Dunkin' Brands CEO says IPO a byproduct of "unbelievable buzz."Continue reading...
Posted by Dale Buss on June 1, 2011 09:00 AM
Burger King tests menu diversification.
BMW launches "Don't Txt and Drive" public-service campaign.
Church’s takes on Chik-fil-A in chicken-taste test campaign.
Diageo and Pernot Ricard battle in China.
Exxon fuels chemicals drive in Asia.
Fiat ends four decades of Chrysler sales in Europe.Continue reading...
Posted by Barry Silverstein on June 7, 2010 12:06 PM
When a Walmart Supercenter plans to open up somewhere in the U.S., an angel may not get its wings but there may be a Saint running interference.
Today's Wall Street Journal reports that the mega-retailer's grocery rivals have been engaging Saint Consulting Group to "secretly run" anti-Walmart campaigns.
While any protests may appear to be grassroots efforts by local homeowners, in many cases these Saint-engineered stealth campaigns "have more than doubled the amount of time it takes" to open a store and serve to "generate negative publicity" for Walmart and its parent company, Wal-Mart Stores, Inc.
Saint specializes in building support "for or against controversial projects, from oil refineries and shopping centers to quarries and landfills." Its representatives lobby local politicians and hire lawyers and traffic experts to fight against a planned Walmart store. "Saint has jokingly called its staff the Wal-Mart killers," says WSJ.
As Walmart continues slashing prices and stepping up its game against the likes of Best Buy, other retailers do have cause for concern.Continue reading...
the revolution will be televised
Posted by Sheila Shayon on May 18, 2010 11:15 AM
HDTV and 3DTV, make room for Smart TV. Google and Intel are set to unveil their vision for Web-savvy television at Google's 2010 developers conference, which kicks off tomorrow in San Francisco, in partnership with Sony.
Paul Otellini, Intel CEO, commented to FT: “The revolution we’re about to go through is the biggest single change in television since it went colour.”
Intel’s Atom microprocessor and Google’s Android operating system will power Smart TV. Next-generation chips and software will enable Web video streaming on TV and set-top boxes that serve as video game consoles to seamlessly combine Web content directly on the TV set.Continue reading...
close of business
Posted by Sara Zucker on February 22, 2010 06:12 PM
Sprint is set to launch its first-generation 4G phone by this summer. [WSJ]
Ebay announced its new selling format, which will involve upgrades and collaborations. [WWD]
Wal-Mart will purchase Vudu, a 3-year-old online movie supplier. [NY Times]
Old Spice's new ads reel in women to assist their male counterparts. [Wallet Pop]