Wal-Mart to compete against supermarkets

Article Abstract:

Wal-Mart, the largest retailer in the US based in Bentonville, AR, intends to tryout a hybrid supermarket that will compete directly with grocer, convenience and drug stores. Wal-Mart is thinking of opening three concept stores, which will sell food and drugs and offer drive-in pharmacy, in Arkansas cities by fall of 1998. Tentatively, the stores will be called Wal-Mart Food and Drug Express, and each will have 40,000 square feet of space, which is slightly smaller than usual grocery stores. The concept stores will allow the company to improve its hallmark customer service.

Comment:

Intends to tryout a hybrid supermarket that will compete directly with grocer, convenience and drug stores

Convenience Stores, Services introduction, Wal-Mart Stores Inc., Article

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Nordstrom shops for improved sales

Article Abstract:

Nordstrom Inc is intent on regaining lost market share after sales have suffered due to wrong fashion choices, inventory problems and uncontrolled growth. Its quarterly net income is expected to plunge by 62% to 19 cents per diluted share from 50 cents during the year-ago period and 30% for the year to $1.02 per diluted share from $1.46 during the previous comparable period. A company spokeswoman said Nordstrom's intends to improve its women's fashion line, which makes up a third of its business.

Strategy & planning, Clothing and Clothing Accessories Stores, Specialty Chain Stores, Nordstrom Inc.

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E-tailers ahead of holiday rush

Article Abstract:

Online retail sites and Internet shopping portals are posting record sales at the outset of the 1999 holiday season. Online sales surged to $8 billion in the 4th qtr 1999, and total sales for 1999 are expected to reach $20.2 billion. In 1998, sales totaled $3.5 billion in the 4th qtr and ended the year with a total of $8 billion. Among the biggest sellers are toys, apparel, consumer electronics and sporting goods.

Video Retailing Service, All Other Information Services, Retail sales, Home shopping

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