• Walmart is rolling out its grocery click-and-collect service in Minneapolis/St. Paul, which the Star Tribune points out is right in rival Target's hometown backyard.
The story notes that "Wal-Mart first began testing online grocery pickup in a handful of markets a few years ago. This year, it has been rapidly expanding the service, which is now in more than 60 markets. The retailer is also testing grocery home delivery in a couple of markets, and delivery through services like Uber, Lyft and Deliv.
"Like most other major retailers, Wal-Mart is trying to keep up with Amazon and a host of other third-party services that have flooded the market with speedy delivery."
• Reuters reports that US District Judge Susan Hickey in Fayetteville, Arkansas, has ruled that Walmart "must face a class-action lawsuit accusing the world's largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico ... The decision means shareholders can sue Wal-Mart and former Chief Executive Mike Duke as a group over the alleged cover-up of bribery at Wal-Mart de Mexico. This could lead to a larger payout at lower cost than if individual lawsuits were required."
Walmart has argued that "a Michigan pension fund had no standing to lead the case because it had not suffered losses on the retailer's stock." But the judge wasn't buying.
The story notes that "Wal-Mart first began testing online grocery pickup in a handful of markets a few years ago. This year, it has been rapidly expanding the service, which is now in more than 60 markets. The retailer is also testing grocery home delivery in a couple of markets, and delivery through services like Uber, Lyft and Deliv.
"Like most other major retailers, Wal-Mart is trying to keep up with Amazon and a host of other third-party services that have flooded the market with speedy delivery."
• Reuters reports that US District Judge Susan Hickey in Fayetteville, Arkansas, has ruled that Walmart "must face a class-action lawsuit accusing the world's largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico ... The decision means shareholders can sue Wal-Mart and former Chief Executive Mike Duke as a group over the alleged cover-up of bribery at Wal-Mart de Mexico. This could lead to a larger payout at lower cost than if individual lawsuits were required."
Walmart has argued that "a Michigan pension fund had no standing to lead the case because it had not suffered losses on the retailer's stock." But the judge wasn't buying.
- KC's View:
