Mar 06, 3:54 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Catherine Dunn @catadunn 07/28/14 AT 8:33 PM For just $1 shoppers at Dollar Tree can buy school supplies, craft kits and cutlery. For nearly $9 billion, Dollar Tree, with its acquisition of Family Dollar, is now buying a whole lot more bargaining power with suppliers -- a move that could mean increased savings for customers and, at the same time, establish the company as a stronger rival to Wal-Mart.The deal, announced Monday, positions the company as the largest discount retailer in the United States by store count, with more than 13,000 stores to Dollar General’s approximately 11,000 stores.“They leap frog over Dollar General and at least for now are the biggest dollar store player, giving them bragging rights,” said Stephen Hoch, professor emeritus of marketing at the University of Pennsylvania’s Wharton School.But bragging rights … [Read more...] about Combined Dollar Tree And Family Dollar To Give Wal-Mart A Run For Its Money?
In a year when 12 of the 15 stocks on the Arkansas Index lost ground, America's Car-Mart posted a whopping 62 percent return. The Bentonville-based "buy here, pay here" used car company benefited from higher average sales prices per vehicle in 2018, said Nathan Green, a financial adviser with Simmons First Investment Group Inc. in Searcy. "Car-Mart continued to expand by adding four new dealerships with plans for additional dealerships in 2019," Green said. Car-Mart operates 143 dealerships in Alabama, Arkansas, Georgia, Indiana, Iowa, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee and Texas. Car-Mart's customers often do not have access to traditional vehicle financing because of poor credit or no credit history. In recent years, Car-Mart has seen increased competition for its customer base from traditional car dealers that are offering newer vehicles with extended loan terms to those with poor credit. Car-Mart extended the repurchase of its stock on the open market, Green said. … [Read more...] about Car-Mart’s 62% rise leads Arkansas Index
Phoebe Wall Howard Detroit Free Press Published 6:00 AM EST Nov 14, 2018 Ford Motor Co. is partnering with Walmart to test home delivery services in early 2019, an effort to learn consumer expectations that will shape development of new driverless vehicle technology, the Dearborn-based automaker announced Wednesday. While the initial partnership between the two retail giants is underway now, actual delivery of Walmart customer goods in Florida's Miami-Dade County won't begin until next year. Ford plans to use drivers to deliver purchased goods to Walmart shoppers who will have no interaction with the drivers. The customer experiences — designed to mimic driverless delivery — will provide Ford a better understanding of what customers want as Ford technology teams develop robot cars to eventually deliver goods. "When you order online or with the Walmart app, it will thank you for your order and ask if you … [Read more...] about Wal-Mart shoppers to get delivery from Ford Motor Co.
Oct 08, 1:40 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury CompaniesCompanies ANALYSIS By Laura Matthews @LauraMatt 09/07/11 AT 10:42 AM Take it from Wal-Mart: Losing can be winning, as the company stands to get some major benefits from a class action lawsuit filed by angry consumers regarding its somewhat shady agreement with Netflix.A new court ruling last week gives Wal-Mart a big boost in its efforts to zero in on Netflix's streaming subscribers. A federal court in California approved the lawsuit requiring that Wal-Mart pay out $27.5 million as a settlement.Here's the best part: Wal-Mart will be allowed to pay the approximately 40 million Netflix subscribers by using gift cards for walmart.com, where there is big advertising for Vudu, an online movie service that offers high-quality streams of first-run movies at a la carte pricing!The court ruling ended up being an unfavorable blow to Netflix that earlier said the settlement … [Read more...] about Does Court Ruling Give Wal-Mart’s Vudu Access to Netflix’s Streaming Subscribers?
Oct 08, 1:35 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By IBT Staff Reporter 08/10/11 AT 9:29 AM Wal-Mart has become the latest company to try and skirt Apple's subscription revenue sharing policy.Wal-Mart is bringing Vudu, its video-on-demand movie service, to the iPad. However, it has not created an app. Like Amazon before it, Wal-Mart is avoiding having to share revenues with Apple by making its video streaming service on web browsers only.iPad users who have a Vudu account can go to VUDU.com and access the service that way. Wal-Mart says Vudu offers 20,000 TV episodes and movies available instantly. Instead of a direct app on the iPad home screen, Wal-Mart says users can be put on the iPad screen. When touched, it will go to the Vudu.com website.The service is not a typical subscription service. However, like any other app that sells content, Vudu would have had to give 30 percent of its revenues to Apple had the … [Read more...] about Why Wal-Mart’s Vudu for the iPad is Not an App