News

Walmart annual shareholders meeting slated for June 7

BY Katherine Boccaccio

Bentonville, Ark. — Wal-Mart Stores Inc. will hold its Annual Meeting of Shareholders on Friday, June 7, including an executive update by president and CEO Mike Duke.

As many as 14,000 global Walmart associates are also attending the event, most arriving in time for elaborate pre-meeting activities. "Our success is only possible because of the hard work and dedication of our 2.2 million associates around the world,” said Susan Chambers, executive VP global people, at Walmart.

Weeklong events, which include entertainment headliners Elton John and country music star Luke Bryan, highlight job and career opportunities for existing Walmart employees.

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News

Walmart freshens up its produce aisle

BY CSA STAFF

BENTONVILLE, Ark. — Walmart is putting its money where its mouth is and not only making changes across produce sourcing, training and operations to offer customers fresher produce, but also rolling out a 100% money-back guarantee.

According to the company, customers who are not completely satisfied with its produce can bring back their receipt for a full refund, no questions asked and no need to bring back the produce.

"We’re listening to our customers and delivering on our promise to offer great produce at the most affordable price," said Jack Sinclair, EVP of the food business for Walmart U.S. "We are so sure our customers will be pleased with the fruits and vegetables they buy in our stores, they can receive a full refund if they aren’t completely happy."

Walmart plans to get produce from farms to store shelves faster by purchasing fruits and vegetables directly from growers and leveraging Walmart’s produce experts, distribution centers and trucking systems. The company also intends on executing independent weekly checks at its more than 3,400 Supercenters, Neighborhood Markets and Express Stores that sell produce. It also plans on launching fresh produce schools and other expanded training programs to 70,000 employees.

"Walmart has always been focused on providing its customers with top-quality fruits and vegetables, including our Cuties brand," said Berne H. Evans III, chairman of Sun Pacific, a Walmart produce supplier. "As a direct result of how Walmart has stored and handled our product, both Cuties and our Ripe and Easy Kiwis have been tremendous sales success stories at Walmart."

Walmart’s announcement follows a number of recent commitments by Walmart to make food healthier and healthier food more affordable. As part of its healthier foods commitment, Walmart has saved customers more than $2.3 billion throughout the last two years on fresh fruits and vegetables in produce sections across the country.

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OPERATIONS

Tiffany to open Moscow store

BY Katherine Boccaccio

New York — Tiffany & Co. has announced plans to open a two-level store in Moscow’s GUM luxury department store, located in Red Square. At about 4,520 sq. ft., the new store is Tiffany’s first wholly owned retail business in Russia, and is expected to open in the first quarter of 2014.

“Establishing a presence at this preeminent department store is a milestone in our growth strategy as a leading global luxury brand and underscores the importance of the Russian market,” said Frederic Cumenal, executive VP Tiffany & Co.

The store’s interior will feature archival motifs as a nod to the jeweler’s heritage, including the color Tiffany Blue, polished stainless steel details with a wheat leaf pattern that frames the entrance of the jeweler’s Fifth Avenue flagship store, marble and amazonite floors, and custom furnishings inspired by the stained glass works of Art Nouveau designer Louis Comfort Tiffany, son of the company’s founder, Charles Lewis Tiffany.

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