Asda
Walmart’s Trial Over Alleged Stolen Tech
Walmart Inc. of Bentonville stands accused in a Little Rock courtroom of stealing another company’s technology, and it’s not the first such allegation the world’s largest retailer has faced in recent years. read more >
by Mark Friedman -
Big Deals in Arkansas Jump 157% Despite Pandemic
Despite the coronavirus pandemic, the value of the biggest deals in Arkansas last year jumped 157%, from $7.9 billion in 2019 to $20.3 billion in 2020, pushed largely by Walmart’s sales of stakes in two subsidiaries, Asda Group and Seiyu. read more >
by Jan Cottingham -
Update: Walmart Sales Still Surging, But A Chill May Be On the Way
Walmart swings to a loss in the fourth quarter as the sale of its Japan and United Kingdom divisions weighed on its performance. read more >
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Walmart to Sell UK Unit Asda in $8.8B Deal
Retail giant Walmart has agreed to sell its British chain of supermarkets, Asda, to the investors behind an international group of gas stations and food shops in a deal that values the company at $8.8 billion. read more >
by Associated Press -
UK Regulators Block Sale of Walmart’s Asda Unit to Competitor
British regulators blocked Sainsbury's $9.4 billion purchase of Walmart's Asda unit on Thursday amid concerns the deal would have increased prices and reduced the quality and range of products available. For Walmart, it's another setback in its effort to export its low-price strategy around the world. read more >
by Associated Press -
UK Regulator Casts Doubt on Walmart’s Sainsbury’s-Asda Merger
British regulators say the proposed supermarkets merger between Sainsbury's and Walmart's Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country's biggest grocery chain. read more >
by Associated Press -
Big Deals of 2018 Skyrocket in Arkansas by 267 Percent
The value of big deals in Arkansas leaped to $53.9 billion in 2018, a 267 percent increase over the $14.7 billion figure of 2017. read more >
by Jan Cottingham -
Walmart Raises Outlook As Sales Spike in Stores, Online
Walmart is raising its outlook for the year after beating all expectations for the second quarter and registering the strongest same-store sales growth in a decade. Sales at existing stores jumped 4.5 percent and e-commerce sales grew 40 percent. read more >
by Associated Press -
Sainsbury’s to Buy Asda From Walmart in $10.1B Deal
Sainsbury's has agreed to buy Walmart's U.K. unit, Asda, for $10.1 billion in cash and stock in a deal that would create Britain's largest supermarket chain. read more >
by Associated Press -
Aldi Fires $3.4B Shot in US Supermarket Wars
German grocery chain Aldi Inc. said on Sunday it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022, raising the stakes for rivals caught in a price war. read more >
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David v. Goliath (Gwen Moritz Editor’s Note)
A recent story on the lawsuit between Wal-Mart Stores Inc. and Cuker Interactive was just chock full of life lessons — clichés, really — whether you see yourself as David or Goliath. read more >
by Gwen Moritz -
Cuker Attorneys Seek $4.1M in Fees for Wal-Mart Case
The lawyers who successfully represented a Southern California digital design firm in a lawsuit that resulted in a $12.4 million jury verdict last month against Wal-Mart Stores Inc. have asked the U.S. District Court judge to award them court costs and attorneys’ fees. read more >
A Look Inside a $12.4 Million Slap at Wal-Mart
Last month a federal jury in Fayetteville ordered Wal-Mart to pay $12.4 million for damages that included willful and malicious misappropriation of Cuker’s confidential information and trade secrets. read more >
by Mark Friedman -
Wal-Mart Aims to Leverage British Arm Asda Back to Health
Wal-Mart is throwing its weight as the world's largest retailer behind its struggling British arm Asda after admitting it was too slow to respond effectively to the threat posed by the discount supermarkets. read more >
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Wal-Mart Puts China Boss Sean Clarke in Charge of Asda in UK
Wal-Mart has turned to the chief of its Chinese business Sean Clarke to revive Asda, its British supermarket group. read more >
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Wal-Mart’s Asda: More Price Cuts as Grocery Wars Heat Up
Wal-Mart's United Kingdom operation Asda, is investing another 500 million pounds ($721.9 million) in price cuts as the grocery discount wars escalate. read more >
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