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Reuters | Equities.com |

Walmart Inc on Thursday forecast slowing sales for fiscal 2022, following a blockbuster year that saw demand for essentials and other items soar as consumers flocked to the retailer during lockdowns linked to the coronavirus pandemic.

The world’s biggest retailer forecast adjusted net sales to grow in the low single digits in fiscal 2022 which ends Jan. 31, much lower than the 8.5% growth seen in the preceding year. It also expects earnings per share to be flat-to-slightly up, below the 2.2% growth analysts had been expecting, according to Refinitiv.


Reuters | Equities.com |

L’Oréal, the world’s biggest cosmetics group, forecast a strong rebound in makeup sales when the COVID-19 pandemic gives way to a “roaring 20s” when people get dressed up and go out again to socialize.

Shares in L’Oréal, owner of brands such as Maybelline, Lancome and Garnier, rose on Friday after the group reported higher than expected fourth-quarter sales growth, broadly outperforming a cosmetics market hit hard by the pandemic.


Reuters | Equities.com |

Best Buy Co Inc has notified employees that it would cut some jobs at its stores, the Wall Street Journal reported here on Wednesday, as the COVID-19 pandemic forces retailers to become more dependent than ever on online shopping.

A Best Buy spokesman said the company does not comment on specific personnel matters, but added that its workforce would need to evolve to meet evolving needs of customers.


Brian Wallace | Equities.com |

A look at how Amazon sells 77% of the supplements market - more than the top 5 specialty vitamin sellers combined.


Kimberly Redmond | Equities.com |

Zozo has unveiled a pair of skin tone measuring glasses for shoppers ordering cosmetics online, the latest tech innovation offered by the Japanese online fashion retailer to help make e-shopping easier.

 

On Friday, Zozo launched Zozoglass, a pair of spectacles that can capture skin tone when scanned with a smartphone to receive customized foundation recommendation on a new beauty and cosmetics platform called ZozoCosme. () 

 


Kimberly Redmond | Equities.com |

Walmart has kicked off an overhaul of its advertising business, unveiling a plan to add space for ads at its stores and sharing shopper data with brands.

The Arkansas-based company will rebrand its media network from “Walmart Media Group” to “Walmart Connect” as part of a plan to boost its advertising businesses more than 10 times within the next five years. 

The new advertising platform – which will debut in time for the 2021 holiday shopping season – will be built in partnership with ad technology company Trade Desk and allow brands to use Walmart’s real-time shopper data to make ads more effective and better target audiences. 


Kimberly Redmond | Equities.com |

Walmart will be using robots to help keep up with the increasing demand of online orders for pickup and delivery.

The Bentonville, Ark.-based retailed announced Tuesday it plans to convert or add space at dozens of its stores into high-tech warehouse spaces where the Alphabot, a self-driving robot, will fetch certain items and bring them to a workstation to be prepped for customers. () 

According to Tom Ward, senior vice president of customer products in the U.S., the technology will whittle the pick-and-pack process down to “a few minutes” and it’ll ensure orders are ready for shoppers to pick up in an hour or less.


Kimberly Redmond | Equities.com |

Boohoo Group plc, a British online fashion retailer, has bought department store chain Debenhams and plans to turn the outlet into an online-only operation.


Under the terms of the deal, Boohoo acquired the Debenhams brand and website for 55 million pounds ($75.4 million), the company announced Monday. () 


The 243-year-old chain was already in the process of closing down after saying in December it would go bust if it couldn’t find a bu...


Reuters | Equities.com |

Amazon.com Inc on Wednesday offered to help with the United States’ efforts involving the COVID-19 vaccine, according to a letter addressed to President Joe Biden, seen by Reuters.

The world’s largest online retailer has an agreement with a healthcare provider to administer vaccines at its facilities and will move forward once doses are available, Dave Clark, chief executive of Amazon’s worldwide consumer business, said in the letter.


Reuters | Equities.com |

Walmart Inc said on Tuesday it would test doorstep delivery of grocery items in temperature-controlled containers made by HomeValet, as the world’s biggest retailer looks to meet a pandemic-fueled surge in online shopping.

The U.S. retail chain and several of its peers have been doubling down on their online business as curbside pickup and contactless delivery gained favor while people were stuck at home during COVID-19 lockdowns.

Walmart also said participating customers in Bentonville, Arkansas, its headquarters, would be able to receive deliveries from their local Walmart stores directly into a smart cooler placed outside their home.