Wal-Mart

Wal-Mart testing new grocery delivery technology

Wal-Mart testing new grocery delivery technology

Wal-Mart is planning an innovative delivery system in order to compete with Amazon and other retailers. Marking no limits in the field of grocery delivery services, Walmart has announced that it is testing a new service that will deliver the ordered items all the way to the customer’s kitchen and even unload the products into the refrigerator.

To offer the new service in a bid to get a new advantage in grocery delivery over rivals like Amazon, Walmart has partnered with the tech firm August Home.

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Bear Spotted in Parking Lot of Eastern Missouri Wal-Mart

Bear Spotted in Parking Lot of Eastern Missouri Wal-Mart

A state conservation agent is making efforts to relocate a young black bear that is believed to have been seen over the weekend in Hillsboro, about seven miles to the north. The bear was recently spotted in the parking lot of an eastern Missouri Wal-Mart. Multiple calls were made to police in De Soto on Tuesday morning to report the spotting of the bear.

According to the police, the location of the Wal-Mart is about two miles from downtown De Soto. The bear has not caused any harm to anyone so far and it is believed by many that the bear is not aggressive.

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Trade Unions Warn Against Consequences of Wal-Mart Deal

Trade Unions Warn Against Consequences of Wal-Mart Deal

Ebrahim Patel, the Economic Development Minister, along with Rob Davies, the Trade and Industry Minister and Tina Joemat-Pettersson, the Forestry and Fisheries Minister have lodged an application in Competition Appeal Court, as an attempt to estimate and hold forecasted 51% Massmart overtake by Walmart's.

“Conditions must be imposed that address the pre-merger retrenchments, the impact of the merger on workers' conditions in the retail sector and its supply chain”, added Saccawu while briefing its main goal.

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Wal-Mart Acquires South Africa’s Market

Wal-Mart Acquires South Africa’s Market

It was revealed that Wal-Mart has bided to purchase 51% of local retailer Massmart as this will help in increasing their profit in other countries of South Africa(S. A).

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Wal-Mart Brings Happiness for Its Consumers

Wal-Mart Brings Happiness for Its Consumers

According to an economist, Mike Schussler, it was found out that the Wal-Mart deal has brought happiness on the consumer faces in South Africa as this deal will bring many opportunities for these consumers.

He says, “It's some good news for once, all we've had is the bad news - the toll road fees, electricity and water price increases. I am glad that the threats did not win – I am glad that opportunity won. In a sense the deal will help the inflation rate - it might not come down but it will make a bit of a difference."

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Wal-Mart Under Scrutiny

Wal-Mart Under Scrutiny

There are some major issues of concern that Wal-Mart needs to deal with. The firm is of the view that it shall draw its support for the major merger that is in line with the South African Massmart. There are high sums of money at stake.

The merger involves a sum of R16.5bn and Wal-Mart said it would withdraw from the merger if the Government of South Africa does not take a back seat about its conditions for the protection of the rights of the manufacturers from their home nation.

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Wal-Mart Faces Hurdle with Retailer Acquisition in Namibia

Wal-Mart Faces Hurdle with Retailer Acquisition in Namibia

In its efforts to acquire the regional retailer Massmart, Wal-Mart may have to deal with yet another hurdle because the antitrust body in Namibia has stated that it might make an appeal against a recent decision by the high court that ruled in Wal-Mart’s favor.

Last month, Wal-Mart, a company based in the United States, was able to add Namibia to their list of countries they have influence over after Zambia, Tanzania, Swaziland and Malawi all approved a takeover of Massmart in their nations.

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Wal-Mart’s Planning a 51% Takeover of Massmart

Wal-Mart’s Planning a 51% Takeover of Massmart

On Tuesday, the Rebosis Property Fund credited to become the first black managed and black ruled property fund to add on the JSE. The Chief Executive Officer for the firm, Sisa Ngebulana, had expressed his enthusiasm towards its launch and said that the organization is immensely proud for its debut on the JSE while greeted all the share holders whole heartily.

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Competition is Not the Factor

Competition is Not the Factor

According to the counsel of merging parties, it was revealed that the intervention of Government in the merging of Wal-Mart and Massmart is an extraordinary event.

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South Africa's Government Fears the Wal-Mart Deal

South Africa's Government Fears the Wal-Mart Deal

South Africa's government and other powerful unions of the country fear the impact of Wal-Mart deal on the economy of the nation. The authorities believe that the new deal could lead to job cuts and an overflow of cheap Asian imports.

The deal between Massmart and Wal-Mart was first announces in September but was postponed by the government. The deal has faced strong opposition from South African labor unions and they have threatened to protest if the deal takes place.

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