WAL-MART STORES, INC. (Exact Name of Registrant As Specified in Its Charter) ______
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China's E-Commerce Market Leapfrogged
05 August 2015 Asia Pacific/India Equity Research India Internet Primer #2 Connections Series Ten lessons from China Figure 1: E-commerce in India is 4-10 years behind China on several parameters Organised retail Online shopping penetration penetration Online Internet shoppers penetration China (1999): ~10% China (2007): 0.6% India (2014): 9-10% India (2014): 0.7% China (2006): 43 mn China (2008): 23% India (2014): 38 mn India (2014): 20% Urbanisation GDP per-capita (US$) Spend per online Smartphone The Credit Suisse Connections Series buyer (US$) penetration China (1997): ~33% China (2004): 1,498 India (2014): 32% India (2014): 1,487 leverages our exceptional breadth of China (2007): 135 China (2010): 13% macro and micro research to deliver India (2014): 104 India (2014): 14% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 incisive cross-sector and cross-border (-17) (-16) (-15) (-14) (-13) (-12) (-11) (-10) (-9) (-8) (-7) (-6) (-5) (-4) thematic insights for our clients. Year (years from 2014) Source: Credit Suisse research Research Analysts Anantha Narayan ■ India at the 'tipping point', based on the China experience. While there 91 22 6777 3730 are differences, the two internet markets are similar in many ways—a large [email protected] population, growing middle class, and an underdeveloped organised market. Nitin Jain 91 22 6777 3851 From 0.2% of GDP in 2007, the Chinese e-tailing market rose to about 5% in [email protected] 2014, an 80% CAGR from US$7.4 bn to US$458 bn. -
Walmart Inc. Takes on Amazon.Com
For the exclusive use of Q. Mays, 2020. 9-718-481 REV: JANUARY 21, 2020 DAVID COLLIS ANDY WU REMBRAND KONING HUAIYI CICI SUN Walmart Inc. Takes on Amazon.com At the start of 2018, Walmart faced critical decisions about its future as e-commerce continued to explode. Walmart just lost its long-held crown as the most valuable retailer in the world to online leader Amazon. With Amazon’s recent acquisition of Whole Foods for $13 billion, Amazon moved aggressively into the offline world to challenge Walmart in its biggest business, grocery. Walmart was not standing still, making moves like buying Jet.com for $3 billion in 2016. While Walmart’s U.S. e- commerce revenues grew to $11.5 billion in 2017, there was no debate in Bentonville, AR: Walmart remained far behind. The question for Walmart CEO Doug McMillon and Walmart.com head Marc Lore was how to respond to its most aggressive competitor ever (Exhibits 1a and 1b).1 Amazon The Early Years (1994–2001) Jeff Bezos founded Amazon in 1994 to exploit the Internet, still a relatively nascent technology. He determined that selling books online was most promising, because the number of titles available was greater than even the largest brick-and-mortar store could stock. Bezos and his wife drove west to start “Earth’s Biggest Bookstore” in Seattle, WA. Amazon offered 1 million titles for sale on its opening day in July 1995. Next year, the company had over 2.5 million book titles for sale, with revenue doubling every quarter (Exhibit 2). -
WALMART INC. (Exact Name of Registrant As Specified in Its Charter) ______
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-K ___________________________________________ ☒ Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended January 31, 2020, or ☐ Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 001-6991. ___________________________________________ WALMART INC. (Exact name of registrant as specified in its charter) ___________________________________________ DE 71-0415188 (State or other jurisdiction of (IRS Employer Identification No.) incorporation or organization) 702 S.W. 8th Street Bentonville, AR 72716 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (479) 273-4000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.10 per share WMT NYSE 1.900% Notes Due 2022 WMT22 NYSE 2.550% Notes Due 2026 WMT26 NYSE Securities registered pursuant to Section 12(g) of the Act: None ___________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ¨ No ý WorldReginfo - ddf1e3e1-b7d7-4a92-84aa-57ea0f7c6df3 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for at least the past 90 days. -
POMS Practitioner Forum / UCLA Global Supply Chain Blog
POMS Practitioner Forum / UCLA Global Supply Chain Blog Yihaodian’s co-founder and CEO and 2012 POMS MKS Practice Excellence Winner Gang Yu (于刚) shares his insights about “his career path and e- commerce in China” Interview conducted by Christopher Tang in Shanghai November 1, 2012 Founded in 2008, Yihaodian.com is China’s fastest growing company – a B2C retailer selling over 900,000 SKUs to consumers online. In addition to winning the first prize for Deloitte Technology Fast500 Asia Pacific in 2011 with 19,200% growth in three years, its success has motivated Walmart to strategically invest in Yihaodian in both 2011 and 2012. The success of Yihaodian is phenomenal because Chinese consumers are prudent about online purchases especially when consumer protection laws are not fully enforced in China and making home deliveries in China can be Photo of Gang Yu a logistical nightmare. To learn more about the success recipe, I interviewed Yihaodian’s Chairman Gang Yu in Shanghai. 1. Knowing Chinese consumers are prudent about online purchases, how does Yihaodian overcome this hurdle? The major concerns Chinese consumers have about online shopping are centered on the following: a) authenticity and quality of products; b) safety of online payments; c) reliability of delivery; d) quality of post-sale services. Yihaodian has adopted the following strategies to win customers’ trust: i) We build the foundation of our corporate culture on Integrity, Customers, Execution, and Innovation. We enabled “no questions asked” free return policy, and implemented a very rigorous quality control process with severe penalties to merchants and suppliers who supply fake products. -
WAL-MART STORES, INC. (NYSE: WMT) Second Quarter Fiscal Year 2014 Earnings Call August 15, 2013 Management Call As Recorded
1 WAL-MART STORES, INC. (NYSE: WMT) Second Quarter Fiscal Year 2014 Earnings Call August 15, 2013 Management Call as recorded Welcome to the Walmart earnings call for the second quarter of fiscal year 2014. The date of this call is August 15, 2013. This call is the property of Wal-Mart Stores, Inc. and is intended for the use of Walmart shareholders and the investment community. It should not be reproduced in any way. You may navigate through this call as follows: • Press 4# to rewind playback 20 seconds. • Press 5# to pause and resume playback. • Press 6# to fast-forward playback 20 seconds. This call will contain statements that Walmart believes are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and that are intended to enjoy the protection of the safe harbor for forward-looking statements provided by that Act. Please note that a cautionary statement regarding the forward-looking statements will be made following Charles Holley’s remarks in this call. Carol Schumacher Introduction Hi, this is Carol Schumacher, vice president of investor relations for Wal-Mart Stores, Inc. Thanks for joining us today for our earnings call to review the second quarter of fiscal year 2014. Our press release and transcript of this call are available on our website; that’s www.stock.walmart.com. 2 Here’s today’s agenda. • Mike Duke, president and CEO of Wal-Mart Stores, Inc., will provide his thoughts about the quarter and the challenging retail environment we face in all of our markets. -
China's E-Tail Revolution: Online Shopping As a Catalyst for Growth
McKinsey Global Institute McKinsey Global Institute China’s e-tail revolution: Online e-tail revolution: shoppingChina’s as a catalyst for growth March 2013 China’s e-tail revolution: Online shopping as a catalyst for growth The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Our “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on six themes: productivity and growth; natural resources; labor markets; the evolution of global financial markets; the economic impact of technology and innovation; and urbanization. Recent reports have assessed job creation, resource productivity, cities of the future, the economic impact of the Internet, and the future of manufacturing. MGI is led by two McKinsey & Company directors: Richard Dobbs and James Manyika. Michael Chui, Susan Lund, and Jaana Remes serve as MGI principals. Project teams are led by the MGI principals and a group of senior fellows, and include consultants from McKinsey & Company’s offices around the world. These teams draw on McKinsey & Company’s global network of partners and industry and management experts. -
Nickel and Dimed by Barbara Ehrenreich
1 NICKEL AND DIMED 2 NICKEL AND DIMED Praise for Nickel and Dimed "A brilliant on-the-job report from the dark side of the boom. No one since H. L. Mencken has assailed the smug rhetoric of prosperity with such scalpel-like precision and ferocious wit." - Mike Davis, author of Ecology of Fear "Eloquent ... This book illuminates the invisible army that scrubs floors, waits tables, and straightens the racks at discount stores." - Sandy Block, USA Today "Courageous ... Nickel and Dimed is a superb and frightening look into the lives of hard- working Americans ... policy makers should be forced to read." - Tamara Straus, San Francisco Chronicle "I was absolutely knocked out by Barbara Ehrenreich's remarkable odyssey. She has accomplished what no contemporary writer has even attempted-to be that `nobody' who barely subsists on her essential labors. Not only is it must reading but it's mesmeric. Bravo!" - Studs Terkel, author of Working "Nickel and Dimed opens a window into the daily lives of the invisible workforce that fuels the service economy, and endows the men and women who populate it with the honor that is often lacking on the job. And it forces the reader to realize that all the good- news talk about welfare reform masks a harsher reality." - Katherine Newman, The Washington Post "With grace and wit, Ehrenreich discovers the irony of being `nickel and dimed' during unprecedented prosperity ... Living wages, she elegantly shows, might erase the shame that comes from our dependence `on the underpaid labor of others.'" - Eileen Boris, The Boston Globe "It is not difficult to endorse Nickel and Dimed as a book that everyone who reads-yes, everyone - ought to read, for enjoyment, for consciousness-raising and as a call to action." - Steve Weinberg, Chicago Tribune "Unflinching, superb .. -
E-Commerce in China a Guide for Australian Business
E-COMMERCE IN CHINA A GUIDE FOR AUSTRALIAN BUSINESS Using ChAFTA to sell premium Australian products JUNE 2015 E-COMMERCE IN CHINA: A GUIDE FOR AUSTRALIAN BUSINESS 1 DISCLAIMER This report has been prepared as a general overview and is intended to be a guide, providing a starting point for exporters. It is not intended to provide exhaustive coverage of the topic. The information herein is made available on the understanding that the Australian Trade Commission (Austrade) is not providing legal, financial or any other form of professional advice. Therefore, while all care has been taken in the preparation of this report, Austrade does not accept responsibility for any losses suffered by persons relying on the information contained in this report or arising from any error or omission in the report. Any person relying on this information does so entirely at their own discretion and risk. Austrade strongly recommends the reader obtain independent legal, financial and any other form of professional advice prior to acting on this information. Austrade assumes no responsibility for any company, product or service mentioned in this document, for any materials provided in relation to such products, nor for any act or omission of any business connected with such products and services. Currency conversions from Chinese Renminbi to Australian dollars ar e historical and should be considered indicative only. The Reserve Bank of Australia provides data on current and historical Australian dollar exchange rates with major currencies at http://www.rba.gov.au/statistics/frequency/exchange-rates.html Austrade gratefully thanks the e-commerce marketplaces and experts who provided information for this report and acknowledges the assistance and contribution of Dezan Shira and Associates. -
WALMART VS AMAZON Economist 2016 Investment Case Competition Sponsored by Realvision
WALMART VS AMAZON Economist 2016 Investment Case Competition sponsored by RealVision Abstract Over the next 10 years Walmart stock will outperform Amazon because: • Combining brick-and-mortar with e-commerce is a winning strategy: Although the growth of e-commerce is impressive, brick-and-mortar stores still account for 90% of retail revenues. Walmart is better positioned as an omni-channel retailer given its global store network and strong online presence. • Early entry in China will pay dividends as country’s middle class booms: The growth of the Chinese middle class will alter global consumption trends in the next decade. Walmart has been laying the foundation to meet this demand and is accelerating expansion in China. • Earnings, not dreams, drive value: Walmart has proven it can deliver long-term profitable growth. Comprehensive strategy and operational excellence will continue to provide above average profitability. • Strong balance sheet and robust free cash flow provide low cost capital to support growth: Relatively low debt insulates Walmart from rising rates. • Undervalued stock will provide most value to shareholders: Conservative DCF model shows the market is significantly mispricing Walmart’s stock. Cole Buckley, Pete DeFina and Lindsay Root Table of Contents Walmart vs Amazon .................................................................................................................. 2 Industry Summary ..................................................................................................................... -
Online Shopping in East China for Food and Beverages China
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 5/6/2013 GAIN Report Number: 13803 China - Peoples Republic of Post: Shanghai ATO Online Shopping in East China for Food and Beverages Report Categories: Retail Foods Approved By: Keith Schneller Prepared By: Xu Zhen Report Highlights: This report gives an overview of China’s online-shopping market for food and beverages. It reviews the development of online shopping in China, from its infancy. In comparison to conventional brick-and- mortar retail stores, online-shopping offers convenience to consumers and unlimited exposure to products. A quick guide to doing business online is provided. This report also includes profiles of some online shopping websites. Part I. History of Online-Shopping in China 1999-2002: The beginning of online-shopping Online-shopping has a twelve-year history in China. The pioneers of online shopping were Eachnet and 8848, both of which started in 1999. Eachnet and 8848 are the benchmarks of C2C and B2C business in China, respectively. Although 8848 achieved decent sales results in its first year, it only lasted until 2001. Some analysts contribute the failure of 8848 to several factors - including the relatively small population of internet users (about 4 million people), an underdeveloped online payment system, a lack of a delivery system, and disagreements between investors. Eachnet was founded by a Harvard Business School graduate and is a fee-based open platform for individual consumers to sell and buy products. Listing fees are between 1 to 8 RMB per product. -
U.S.-Jordan Free Trade Agreement Descends Into Human Trafficking & Involuntary Servitude 540 West 48Th St., 3Rd Fl
U.S.-Jordan Free Trade Agreement Descends into Human Trafficking & Involuntary Servitude 540 West 48th St., 3rd Fl. New York, NY 10036 P: 212.242.3002 F: 212.242.3821 www.nlcnet.org Acknowledgments U.S. Jordan Free Trade Agreement Descends Into Human Trafficking & Involuntary Servitude. Tens of Thousands of Guest Workers Held in Involuntary Servitude May 2006 By Charles Kernaghan, National Labor Committee With research and production assistance from: Amanda Agro, Barbara Briggs, Christine Clarke, Matt D’Amico, Daniel De Bonis, Aysha Juthi, Amanda Teckman Design by Tomas Donoso We especially want to thank the over one hundred very brave guest workers in Jordan who told us their stories as well as the workers who were forcibly returned to Bangladesh. At grave risk to themselves, they gathered clothing labels and carried out research with the hope that their work would help improve conditions for the tens of thousands of guest workers in Jordan. We also want to thank our partners in Bangladesh, the Bangladesh Center for Workers’ Solidarity and the National Garment Workers Federation for their extraordinary leadership and assistance. Contents How the Work was Done 1 Al Shahaed Apparel & Textile: 3 Wal-Mart & K-Mart Western Factory: 11 Do Any of Us Really Want a “Bargain” Based on Trafficking of Young Women into Involuntary Servitude? Duty Free Access to the U.S. Market 19 Al Safa Garments: 20 Sewing Clothing for Gloria Vanderbilt, Mossimo & Kohl’s; Young Woman Raped - Hangs Herself Action Plan: 25 To Bring Supplier Plants in Compliance with Jordanian Law Recruitment Ad for Star Garments 26 Jordan’s Labor Law 27 Maintrend: 28 Human Trafficking & Involuntary Servitude. -
What Makes the Retail King
WHAT MAKES THE RETAIL KING PROFILE OF SAM WALTON: Sam Walton was an American businessman. In his early twenties, he began his training with J.C. Penney in Des Moines, Iowa. In 1962 he opened his first retail store,Wal-Mart, in Rogers, Arkansas. By 1992, he had more than 1,700. Unlike other discount retailers, he opened stores in small towns where there was little competition. At the time of his death, he was thewealthiest man in the United States. Early Years: A pioneering businessman who broke convention and showed that large discount stores could thrive in small, rural areas, Samuel Moore Walton was born March 29, 1918 in Kingfisher, Oklahoma. He was the first son of Thomas Walton, a banker, and his wife, Nancy Lee. Early in his life Walton and his family moved to Missouri, where he was raised. An able student and a good athlete, Walton quarterbacked his high school football team and was an Eagle Scout. Upon his graduation from Hickman High School in Columbia, Missouri, in 1936, his classmates named him "most versatile boy." After high school Walton University of Missouri in Columbia, where he graduated with a degree in economics in 1940. Early Retail Career: Following college, Walton got his first real taste of the retail world when took a job in Des Moines with the J.C. Penney Company, which was still a relatively small retailer. After serving as an Army captain in an intelligence unit during World War II, Walton returned to private life in 1945 and used a $25,000 loan from his father- in-law to acquire his first store, a Ben Franklin franchise in Newport, Arkansas.