In this file:
· Walmart US CEO tells rivals Amazon, Aldi, and Lidl to 'bring it on' as he offers a rare look inside the company's competitive strategies
· Walmart’s test of voice commerce to be rolled out this spring
· Walmart gives workers share of $207 million in bonuses after strong sales growth
Walmart US CEO tells rivals Amazon, Aldi, and Lidl to 'bring it on' as he offers a rare look inside the company's competitive strategies
-Walmart US CEO Greg Foran compared Walmart to the biblical figure Goliath, and said there are several "Davids," or competitors, that the company focuses on.
-"When you are Goliath, you find that there are other Davids that start throwing stones at you and you've got to learn to deal with that," he said Wednesday at a UBS conference.
-In response to a question about reports that Amazon is opening its own chain of grocery stores separate from Whole Foods, Foran discussed his love for competition and said, "bring it on."
-He described Lidl's entrance into the US market as "a galvanizing moment for the eastern seaboard for Walmart."
Hayley Peterson, Business Insider
Mar 7, 2019
Walmart US CEO Greg Foran on Wednesday offered a rare look inside the company's strategy against its biggest rivals, including Amazon, Aldi, and Lidl.
He said he uses a biblical analogy to describe the relationship between Walmart and its competitors.
"There was a period in time when Walmart was David and Sears and Kmart were Goliath. And it's always fun being David. Everyone loves David. No one likes Goliath," Foran said, speaking at a UBS Global Consumer and Retail Conference.
"We woke up at some point in 2000 and whatever and found out we were Goliath. And when you are Goliath you find that there are other Davids that start throwing stones at you and you've got to learn to deal with that. If you become immobile, you just end up taking a lot of hits."
Foran said there are several "Davids" that Walmart focuses on.
"These are people out there that attack us," he said. "You've got drug stores, you've got traditional supermarkets, you've obviously got Amazon, you got hard discounters, you've got other discount stores, and we don't try and necessarily combat every single aspect of what they do, but when you've got stores that sit on 20 acres every two to three acres, you do have to deal with the fact that there are multiple Davids in your marketplace."
Foran said Walmart considers some key questions when thinking about its strategy against Amazon, including:
Walmart’s test of voice commerce to be rolled out this spring
by Kim Souza, Talk Business & Politics
Mar 8, 2019
Voice commerce is one of the areas Walmart has tested for the past year with Google and is now working on its own application for online grocery. Walmart began testing the online grocery voice application several months ago with 100 VIP customers.
The retailer has refined the process and will release to the public in the next couple of months, according to Jason Shaffer, senior director of Walmart Digital Operations, who spoke to a group of Walmart suppliers on Thursday (March 7) at the Doing Business in Bentonville breakfast.
He said the customer gives their credentials and links with the online grocery data. Shaffer said it’s as simple as standing in his kitchen and saying “hey Google, talk to Walmart” which then activates the Walmart bot that can see his online grocery history. Shaffer said he tells Walmart to order cumin while standing in his kitchen and if that item is on his favored list it is selected first. The bot tells him the product brand and price it is picking. If the item is not on his favorite’s list then it will defer to what he bought last or the most commonly purchased brand and size of the product needed.
Shaffer told the group the Walmart voice bot does not skew toward the retailer’s private brands. He said the bot follows the same protocol for choosing the item starting with personal favorites, last purchased and then most commonly bought. He said the customer can approve or decline the item found by the bot. If the item is declined the bot moves to another option. The Walmart voice commerce system also allows users to check what is in the basket, store pickup hours, or check pickup or delivery times. The Walmart platform works with Google and other third-party apps and allows customers to build their basket.
Shaffer said Walmart has gained plenty of insights from the earlier work with Google and more recently with its own test that is designed to make shopping easier. Consumers who use Walmart pickup grocery will be notified by email when the service is turned on in their area.
Voice commerce is seen as the next frontier in retail and it’s not just smart speakers leading the transformation, it’s also smartphone usage which is now 77% of the general population. Jake Stanley, co-founder of Little Rock-based Vocool, said the retail market is ripe for disruption with the growth of voice commerce. He said smart speakers are just the tip of the iceberg as to how far voice commerce will grow...
Walmart gives workers share of $207 million in bonuses after strong sales growth
By: NBC4/WCMH-TV Columbus (OH)
Mar 07, 2019
BENTONVILLE, AR (WCMH) -- Walmart says it has given many of its U.S. workers a bonus after a strong fourth quarter sales growth.
According to a release, 912,000 of Walmart’s associates in the U.S. will receive a share of nearly $207 million in cash bonuses.
The associates received the bonus in the March 7 paycheck.
Ohio Walmart associates will receive approximately $5.8 million in bonuses.
“We’re working in a new world of retail where change happens quickly, and we are proud how Walmart associates are leading the industry in utilizing new innovations to ensure our customers have the best shopping experience possible,” said Dann Moore Walmart Regional General Manager for northwest, central and southern Ohio...