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Walmart’s Flipkart To Acquire Retail Giant’s Indian Stores

PYMNTS

Walmart is selling its 28 stores and eCommerce operations in India to Flipkart Group , the online marketplace it controls. The stores operate like warehouse clubs, serving independent retailers and other small businesses. According to The Wall Street Journal , a Walmart spokesperson declined to share financial terms of the deal.

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Legal Cannabis Retail Gets Big, Feminine And Luxurious

PYMNTS

It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. So far, this retail is taking a form that is big, feminine and even a bit luxurious. But the growth of legal cannabis could lead to more changes in the makeup of industry leadership.

Retail 186
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Walmart Reshuffles Operations As It Pushes To Stay Competitive

PYMNTS

When the going gets tough, the tough restructure their retail operations in an attempt to better facilitate change. Consolidation is coming to Walmart starting today, when six retail business units will be contracted down to four, according to a recent news release. Well, they do if they’re Walmart anyway.

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Walmart Amazon Whole Paycheck Tracker: Logistics Upgrades, New Leadership

PYMNTS

Amazon spokesperson Jay Carney was the latest in Amazon’s upper ranks to once again dispute the idea that Amazon is an all-controlling monolith slowly but surely taking over all of retail. At a tech conference this week, Carney said Amazon accounts for a scant 4 percent of retail in the U.S. and less than 1 percent globally.

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Williams-Sonoma Tops Q4 Forecasts, Announces Leadership Changes

PYMNTS

Williams-Sonoma announced its operating results for Q4 and fiscal year ended January 29, 2017 on Wednesday (March 15). The retailer said it had profit of $1.63 The company also announced some leadership changes that will take place within its Pottery Barn Brands. per share and earnings of $1.55

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Office Depot Makes Changes In Leadership Team

PYMNTS

Office Depot has made some key changes in its leadership team, including naming a new chief digital officer. Calkins was previously Office Depot’s executive VP and chief legal officer and has also been responsible for the company’s contract sales business and Canadian operations.

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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.