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Walmart

February 22, 2013

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

Lego
In the face of sluggish economic recovery in Denmark, the toymaker famous for making billions of small, coloured bricks every year has posted outstanding results for 2012.

October 23, 2012

Sales and acquisitions have been proving popular with family businesses recently, with French outdoor advertiser JCDecaux and Brazilian food processor JBS in a buying mood, while L Capital and ArcelorMittal are considering selling some of their subsidiaries. 

Sales and acquisitions have been proving popular with family businesses recently, with French outdoor advertiser JCDecaux and Brazilian food processor JBS in a buying mood, while L Capital and ArcelorMittal are considering selling some of their subsidiaries.

Family-controlled JCDecaux has acquired a 25% stake in Russia’s largest billboard operator, Russ Outdoor, which until 2011 was a subsidiary of fellow family-controlled group News Corporation.

June 13, 2012

Stability is one of the classic benefits of a family business. They aren’t swayed by the fluctuations of the markets or the animal spirits of nervous people on Wall Street worried about their bonuses, mortgages and alimony cheques.

May 7, 2012

Remember Walmart’s “Get on the shelf” contest? The US family-controlled retailer has now announced the three winners of the competition – all of whom will have the chance to see their products being sold on the company’s online stores. 

Remember Walmart’s “Get on the shelf” contest? The US family-controlled retailer has now announced the three winners of the competition – all of whom will have the chance to see their products being sold on the company’s online stores.

The “grand prize” went to Philadelphia-based HumanKind Water, a bottled water company that uses its net profits to provide clean water.

March 5, 2012

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion). 

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion).

February 24, 2012

Two of the world’s largest family businesses had a mixed week. US retail giant Walmart saw profits drop, while Peugeot Citroen reportedly looked to team up with General Motors to better compete in the fiercely competitive European car market. 

Two of the world’s largest family businesses had a mixed week. US retail giant Walmart saw profits drop, while Peugeot Citroen reportedly looked to team up with General Motors to better compete in the fiercely competitive European car market.

Walmart, the supermarket chain controlled by the Walton family, said net profits for the year ended 31 January 2012 fell by 4.2% to $15.7 billion (€11.69 billion), from $16.4 billion the previous year.

January 28, 2012

Most family businesses go to great lengths to preserve some of the traditions established by their founders. But now retail giant Walmart, controlled by members of the Walton family, seems to be turning its back on its founder’s legacy.

Most family businesses go to great lengths to preserve some of the traditions established by their founders. But now retail giant Walmart, controlled by members of the Walton family, seems to be turning its back on its founder’s legacy.

The American company has removed greeting staff from overnight shifts at its US stores, in a move that takes away a bit of the family business’s 30-year-old practice of ensuring all customers are welcomed into shops.

January 19, 2012

For some people living in the US, shopping in Walmart is a must-do weekly affair. After all, the American family business is the world’s largest retailer and sells everything from groceries and electronics to toys and clothing.

For some people living in the US, shopping in Walmart is a must-do weekly affair. After all, the American family business is the world’s largest retailer and sells everything from groceries and electronics to toys and clothing.

December 22, 2011

Walmart is best known for its giant stores, the fortune it made its founding family and its sometimes questionable employee practices, but as Christmas approaches, the family business has shown a different side. 

Walmart is best known for its giant stores, the fortune it made its founding family and its sometimes questionable employee practices, but as Christmas approaches, the family business has shown a different side.

The company has organised a 12 Days of Giving campaign on Facebook, where it will donate $1.5 million (€1.15 million) to 145 organisations across the US.

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