OPERATIONS

Wal-Mart foreign bribery investigation expands

BY Marianne Wilson

New York — Wal-Mart Stores reported in a regulatory filing that its investigation into violations of the Foreign Corrupt Practices Act, a federal antibribery law, has extended beyond Mexico to China, India and Brazil.

“Inquiries or investigations regarding allegations of potential FCPA violations have been commenced in a number of foreign markets where we operate, including but not limited to Brazil, China, and India,’’ the company said in a Securities and Exchange Commission filing that accompanied its third-quarter financial results.

In the filing, Wal-Mart said it had “identified or been made aware of’” other potential violations.

“When such allegations are reported or identified, the Audit Committee and the company, together with their third-party advisers, conduct inquiries and when warranted based on those inquiries, open investigations,” the retailer said.

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Kroger Co. to buy specialty pharmacy company

BY Marianne Wilson

Cincinnati — The Kroger Co. said Thursday it will buy specialty pharmacy company Axium Pharmacy Holdings for undisclosed terms.

Axium is one of the nation’s largest independent providers of specialty pharmacy services, offering a range of clinical services to patients with complex chronic conditions. Through its additional pharmacy locations in Puerto Rico, Tennessee and Mississippi, Axium provides comprehensive specialty pharmacy services to patients.

"Kroger and Axium are a strategic fit as we look to enter the high-growth specialty pharmacy business," said Lincoln Lutz, Kroger’s VP corporate pharmacy. "The combination of Axium’s expertise and Kroger’s 1,950 pharmacy locations, 91 Little Clinic locations, and pharmacists who provide health coaching, biometric screening and other wellness services will deliver positive health outcomes for our patients, cost savings for insurance payers, and unique services for physicians."

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Report: Showrooming here to stay

BY Staff Writer

Indianapolis — One-in-five consumers is now "showrooming," according to new research by Aprimo, a Teradata in collaboration with Forrester Research analyst Sucharita Mulpuru. Of those consumers already showrooming, 33% say they ultimately used the information to buy elsewhere. The trend is only expected to continue growing, too, as 96% say they plan to use their smart phone to research prices the same way or more in the future.

"This research confirms what many in the retail industry have suspected: Showrooming is here to stay," said Sucharita Mulpuru, VP and principal analyst for Forrester Research, who helped develop the survey questions and analyze results. "Retailers must seriously consider ways to avoid losing sales this way by using strategies such as price matching, personalized in-store service and loyalty programs."

According to Aprimo, this means that in order to preserve sales and sustain pricing levels, today’s physical-store retailers need to become more customer-centric, be less product/feature or price-point focused, and start leveraging technology solutions to engage the buyer through a more personalized in-store experience while empowering customer-driven choice.

The survey also found:

  • The showrooming trend is just getting started, and it’s ready to explode – one-third of those who have not used their smartphones for in-store research haven’t done so simply because the idea hadn’t yet occurred to them.
  • Showrooming isn’t just for big ticket items – while consumer electronics are the most popular items price-checked in store (39%), groceries (37%) are the second-most researched and apparel/footwear (33%) came in third.
  • Showrooming behavior pays off for retailers with lower prices – more than half of consumers report discovering lower prices online than in the store. Only eight percent recall seeing higher prices.

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B.Low says:
Jan-07-2013 01:20 pm

Stratum Condo will be accessible via Pasir Ris MRT place. Travelling to Changi Airport as well as the Expo place is therefore very convenient. It is also near to many dining places along the Loyang place.

B.Low says:
Jan-07-2013 01:20 pm

Stratum Condo will be accessible via Pasir Ris MRT place. Travelling to Changi Airport as well as the Expo place is therefore very convenient. It is also near to many dining places along the Loyang place.

B.Low says:
Jan-03-2013 04:57 am

Sant Ritz Condo is also near to Volkswagen Golf Centre and Kallang Side Riverpark. Entertainment for your loved ones and friends is therefore at your fingertips with the full condo facilities as well as the amenities near Potong Pasir. Thx

B.Low says:
Jan-03-2013 04:57 am

Sant Ritz Condo is also near to Volkswagen Golf Centre and Kallang Side Riverpark. Entertainment for your loved ones and friends is therefore at your fingertips with the full condo facilities as well as the amenities near Potong Pasir. Thx

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