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INX:WMT, Oct 17, 01:50 UTC

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Asda cuts fuel prices after retailers accused of overcharging

WMT

Last updated: 17 October 2019 - 7.50am. Asda is to cut its fuel prices amid claims that retailers are failing to pass on reduced wholesale costs. That means drivers using an Asda filling station will pay no more than 121.7p per litre for petrol and 125.7p per litre for diesel. Asda senior fuel buyer Dave Tyrer said: “With wholesale costs falling and half-term just around the corner, we’re pleased to be able lower the cost of fuel and pass these savings on to our customers.”. Oil has been trading at around 60 US dollars a barrel since the beginning of the month, falling at one point to 58 US dollars. “For some reason, in the last year or so our biggest retailers haven’t been as transparent with their pricing as they have been in the past, which means motorists all over the country lose out as a result of them taking more margin than they have previously.”.

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Asda workers stage protest over new contract

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The union says Asda workers have been told to sign new contracts, called contract six, which it claims will see them lose paid breaks and forced to work bank holidays, or be sacked next month. On Wednesday, the workers gathered in City Square, Leeds, ahead of the march and listened to speeches by colleagues, GMB officers and Labour MP Alex Sobel. Tim Roache, GMB general secretary, said: “We will never agree to the imposition of contract six, we will never agree to our members having to sign this inevitable contract that says ‘sign up or you’re sacked’, we will never agree to that and we will never stop fighting.”. “We demand a better deal. Asda, respect your workers now.”. As the workers took to the streets of Leeds, police officers stopped traffic to allow them to march safely. When they reached Asda’s headquarters, the protesters chanted “shame on you” as the trolley containing the petition was handed over to a staff member and wheeled into the building.

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Better Buy: Walmart vs. Amazon

WMT AMZN

We all know that Amazon is the 800-pound gorilla in online retail. But were you aware that Walmart is making serious strides of its own toward becoming an e-commerce force? That has turned into a major growth catalyst for Walmart. While these two companies are often mentioned in the same sentence when discussing the retail industry, they aren't as often compared based on their stocks. Of course, that's a question that's impossible to answer with certainty. But we can get a better idea for what we're buying if we evaluate these companies against one another on three key facets of their business. Both of these companies have very strong free cash flow. And Walmart's debt load -- while large -- is very manageable given its free cash flow. But if a crisis were to hit tomorrow, I believe Amazon's net cash position (cash minus debt) of $18 billion would be a huge boon.

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The Zacks Analyst Blog Highlights: Microsoft, NIKE, Procter & Gamble and Walmart

IBM WMT +6 more IBM WMT MSFT FB PG SAP NKE ACN

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include:Microsoft Corp. MSFT, NIKE Inc. NKE, The Procter & Gamble Co. PG and Walmart Inc. WMT. Notably, third-quarter 2019 earnings reports will gather pace from this week. However, expectation for third-quarter earnings is not quite favorable at the moment. We have narrowed down our search to four blue-chip stocks, which have rallied more than the broader market and still have upside left for the rest of 2019.

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Asda contract protesters deliver petition to Leeds HQ

WMT

Share this with EmailShare this with FacebookShare this with TwitterShare this with Whatsapp. Asda workers protesting against a new contract have marched to the supermarket's headquarters to hand in a 23,000-signature petition. The petition was pushed through Leeds in a shopping trolley by objectors waving flags and blowing horns. Demonstrators fear they will be sacked if they do not accept the new contract that will see them lose paid breaks. Asda said the contract "ensures we are able to adapt to the demands of the highly competitive retail industry". Neil Derrick, GMB union's regional secretary for Yorkshire and North Derbyshire, said: "The founding fathers of Asda would be here marching with us today if they weren't spinning in their graves about the way Asda is treating its staff." While Labour MP for Leeds North West, Alex Sobel, described the contract as a "stain on Asda and its history". Asda, which is owned by US retail giant Walmart, said the contract increases the take-home pay of more than 100,000 employees through an investment of more than £80m and ensures everyone doing the same job is on the same terms and conditions.

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Asda workers opposed to new contract will hand in petition

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The signatures will be delivered to Asda‘s head office in Leeds in a shopping trolley as part of a campaign by the GMB union. The union says Asda workers have been told to sign new contracts, called contract six, which it claims will see them lose paid breaks and be forced to work bank holidays, or be sacked next month. Gary Carter, GMB national officer said: “Tens of thousands of members of the public are backing our Asda workers in their fight against these draconian contracts. “Today we are back in the birth place or Asda, once a proud, family company, calling on bosses to respect workers and offer them a better deal. Asda said the contract is about increasing the take-home pay of more than 100,000 employees through an investment of more than £80 million and ensuring that everyone doing the same job is on the same terms and conditions.

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Asda staff sign 23,000-strong petition after told 'lose paid breaks or be sacked'

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You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. "Today we are back in the birthplace of Asda, once a proud, family company, calling on bosses to respect workers and offer them a better deal." "Everyone I've discussed it with has been told that if they don’t sign the contract, they will be 'let go' of. The Asda spokesman added: "This contract is an investment of more than £80 million and increases real pay for over 100,000 colleagues in return for a level of flexibility that ensures we are able to adapt to the demands of the highly competitive retail industry. "We have consulted extensively with our colleagues, the GMB and our own national colleague representatives to discuss their concerns and to give reassurances that we will always help them to balance their responsibilities outside of work. "As a result, the overwhelming majority of colleagues have signed to this contract.

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Tuesday, October 15


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Walmart and eko Welcome Families to the “Walmart Toy Lab” to Test 2019’s Hottest Toys Without Leaving Home

WMT

A free, online interactive experience, the Walmart Toy Lab invites kids to test this year’s most-wanted toys from their tablet or computer. From cruising around on a Hover-1 Kart hoverboard and keeping watch from the Paw Patrol Lookout Tower, to coaxing a creature out of the How to Train Your Hatching Dragon, kids can put toys through their paces before adding them to their wish lists. “The Walmart Toy Lab is a way for us to create a digital experience for kids to really see our hottest toys in action as we enter the holiday season.”. “KidHQ is filling a gap left behind by shuttered toy stores and old-school catalogs, and in the process is reinventing how brands connect with people,” said Ivy Sheibar, chief brand officer of eko.

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Walmart launches in-home delivery in three cities

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Walmart Inc. said Tuesday that it has launched Inhome Delivery in Kansas City, in both Missouri and Kansas, Pittsburgh and Vero Beach, Fla. The retail giant announced plans for the fall launch in June. Customers in these cities should go to the Inhome site to see if their address is eligible, choose whether they'd like the deliveries in their kitchen or garage refrigerator, and pay an introductory price of $19.95 for unlimited deliveries. Customers are also required to purchase a $49.95 smart device, which is installed at no extra charge. Associates will use smart-entry technology and a wearable camera to gain access for delivery.

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Crisps and ice cream among products urgently recalled by Lidl, Asda and Waitrose - CoventryLive

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Lidl and Asda shoppers are affected by the health and safety alerts, as well as Waitrose, Booths and other store customers. Lidl, Asda, Waitrose and more high street companies have issued a string of urgent product recalls this week. Recalls are issued for a number of reasons including potential contamination, a food poisoning risk or a failure to correctly label items that could contain allergens. If you have bought any of the products included on the most recent product recall list you should not eat them - instead return them to the shop where they were bought for a full refund. Focused Nutrition is recalling its Choc Chip Flapjacks because they contain oats (gluten) and soya, which is not clearly legible on the label and may contain milk, nuts, peanuts and sulphites.

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