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Walmart ranks Cyber Monday as its biggest online sales day ever

BY Marianne Wilson

San Bruno, Calif. — Walmart said that Cyber Monday 2013 was the biggest online sales day in its history.

The top-selling items at Walmart.com on Cyber Monday included the following:

  • LG 50" 1080p 60Hz LED HDTV
  • Apple iPad 2 16GB with Wi-Fi
  • Fisher-Price Power Wheels Red Ford F150 Raptor 12-Volt Battery-Powered Ride-OnMega Bloks First Builders Build ‘n Learn Table Plus Bonus Play Set
  • TRIO Stealth G2 10.1" Tablet Dual Core with 16GB Memory (mobile top-seller)
  • Tilting Wall Mount for 37" to 70" Flat Panel TVs, with HDMI Cable (mobile top-seller)

"We had an all-time record sales day yesterday as the momentum we saw on Thanksgiving carried through to Cyber Monday," said Joel Anderson, president and CEO, Walmart.com U.S.

The five-day period from Thanksgiving to Cyber Monday is the highest five-day stretch in online sales for the retailer to date, and walmart.com processed more than one billion page views during that period.

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Executive VP and CFO of Ahold USA to leave

BY Staff Writer

Carlisle, Pa. — Paula Price is resigning as executive VP and CFO as Ahold USA.

Ahold, a subsidiary of Netherlands-based Royal Ahold and owner of the Stop & Shop, Giant Food Stores of Carlisle, Pa., and Giant Food of Landover, Md., banners, as well as online grocer Peapod, said that current senior VP business planning and performance Dan Sullivan would become the new executive VP and CFO, effective Jan. 1.

Price has worked with Ahold for nearly five years, but has decided to take her career "in a new direction," the company said. She will also pursue further corporate board roles to complement her existing corporate and non-profit board positions.

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Report: Investor urges changes at Abercrombie & Fitch

BY Staff Writer

New York — Investor Engaged Capital LLC has urged Abercrombie & Fitch to start a search for a new chief executive officer and consider selling the company, Bloomberg reported. The company owns less than 1% of the retailer’s shares outstanding.

In a letter to Abercrombie’s board, Engaged Capital said that there is “no qualified successor” to current Michael Jeffries, whose contract expires Feb. 1. Jeffries is a “major stumbling block” to a potential sale of the company to private equity, Engaged Capital said.

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