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In the lawsuit filled by Ecoark Holdings Inc. of San Antonio, and its subsidiary, Zest Labs Inc. of San Jose, California, against Walmart Inc., several court documents have been filed under seal or with sections redacted.
Agriculture & Poultry / Business Services / Legal

Walmart’s Trial Over Alleged Stolen TechLock Icon

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 >
Big deals included Walmart-Asda, Big River Steel, Aerojet Rocketdyne, Murphy USA and Westrock Coffee.
Agriculture & Poultry / Banking & Finance / Business Services

Big Deals in Arkansas Jump 157% Despite PandemicLock Icon

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 >
Investments / Public Companies

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 >
Investments / Public Companies / Retail

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 >
An Asda Superstore in Hartlepool, England.
Investments / Public Companies

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 >
An Asda Superstore in Hartlepool, England.
Public Companies

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 >
Agriculture & Poultry / Banking & Finance / Business Services

Big Deals of 2018 Skyrocket in Arkansas by 267 PercentLock Icon

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 >
Investments / Public Companies / Retail

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 >
An Asda Superstore in Hartlepool, England.
Investments / Public Companies / Retail

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 >
An Aldi store employee stocks produce. The German-owned grocery chain has 1,600 U.S. stores and is working aggressively to beat Wal-Mart on pricing.
Investments / Public Companies / Retail

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 >
Business Services / Legal / Media & Marketing

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 >
Mark M. Henry, a registered patent attorney, won a $12.4 million verdict against Wal-Mart for a California web design firm.
Legal / Media & Marketing / Public Companies

Cuker Attorneys Seek $4.1M in Fees for Wal-Mart CaseLock Icon

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 >
Mark M. Henry said Wal-Mart executive Tal Herman initially tried to hire Cuker for the Walmart2Go project and then changed his mind.
Legal / Media & Marketing / Public Companies

A Look Inside a $12.4 Million Slap at Wal-MartLock Icon

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 >
An Asda Superstore in Hartlepool, England.
Insurance / Public Companies / Retail

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 >
Sean Clarke
Investments / Public Companies / Retail

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 >
An Asda store in Manchester in the United Kingdom. Asda is the UK's second largest chain by market share after Tesco.
Real Estate / Retail

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 >