OPERATIONS

Report: Wal-Mart to test in-store lockers for online purchases

BY Marianne Wilson

New York — Walmart plans to test the use of in-store lockers to hold goods ordered on its website until shoppers can pick them up, Reuters reported.

Neil Ashe, president and CEO of the discounter’s global e-commerce division, discussed the test, which will get underway this summer in about 12 locations, on Tuesday at the chain’s e-commerce media day. The event was held at its global e-commerce offices in San Bruno, Calif. Ashe also said that Wal-Mart is set to surpass $9 billion in annual online sales this year.

Online shoppers will receive a password they can use to open the lockers when they pick up the items, the report said.

Wal-Mart’s move comes as Amazon.com is installing lockers in Staples stores, 7-Eleven outlets and other locations where customers can pick up merchandise ordered online.

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OPERATIONS

Kroger VP to retire

BY Staff Writer

Cincinnati — Kroger on Tuesday announced the planned retirement of VP and pension investment officer, Rich Manka. His retirement is effective July 15.

"Throughout his career, Rich has been a trusted member of Kroger’s leadership team," stated Mike Schlotman, Kroger’s CFO. "Pension plan trustees and participants alike have benefited from his vast knowledge and influence on investment strategies and plan designs. We thank Rich for his contributions to our company and industry and wish him the very best."

Kroger has not yet named Manka’s successor.

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FINANCE

American Express, Wal-Mart expand Bluebird program

BY Staff Writer

New York — American Express and Wal-Mart Stores announced Tuesday that they are expanding their reloadable prepaid card program, Bluebird, to include direct-deposit capabilities for government checks.

The Bluebird accounts will now be eligible for FDIC insurance, which will allow Bluebird customers to have their Social Security checks, military pay and other government benefit checks deposited directly into their accounts. The change eliminates delays for those who previously had to wait for their checks to clear. (Federal agencies are not allowed to wire money to accounts that aren’t protected by the Federal Deposit Insurance Corp.).

“Since launching Bluebird, we have been listening to our customers’ feedback and working hard to expand its features and services,” said Daniel Eckert, VP financial services for Walmart U.S. “Bluebird is helping customers streamline everyday money management without the frustration of navigating complicated dos and don’ts just to avoid fees. The enhancements we’re announcing today make Bluebird a great option for our active duty military personnel, government employees and other customers helping them take greater control of their everyday finances.”

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buangsila001 says:
Mar-27-2013 11:53 am

AmEx, is an American
AmEx, is an American multinational financial services corporation.It is is best known for its credit card, charge card, and traveler's check businesses. - Michael Courouleau

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