As if it weren't already obvious, several recent moves by Wal-Mart Inc. further underscore the retail giant's focus on e-commerce and digital, where sales in the second and third quarters, jumped 50 and 60 percent, respectively.Wal-Mart on Jan. 11 said it will close 63 Sam's Club stores, which is about 10 percent of the fleet, an announcement that almost got lost in the news that same day about the retailer's plans to raise the hourly wage of full-time sales associates to $11.
The retailer has no tolerance for underperforming stores or lagging international units. Wal-Mart is reportedly talking with buyout firm Advent International Corp. to sell a major stake in its Brazil operations, which has been hurt by the country's economic slowdown and competition from discounters.
A spokeswoman for Advent declined to comment. Asked about the sale of the Brazil unit, the director of communications for Wal-Mart Latin America, said, "We don't comment on rumors or speculation."
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.