CHECKOUT COUNTER: What’s in a name
Walmart is changing its official name from Wal-Mart Stores to Walmart from February 1 next year
Walmart is changing its official name from Wal-Mart Stores to Walmart from February 1 next year. The move, by the world’s biggest retailer (which has 11,700 stores) underlines its strategy shift from being a purely store-based and traditional operator towards its e-commerce aspirations as it takes on rival Amazon. 2. AB InBev orders Tesla electric trucks In a bid to cut fuel costs and emissions, brewer AB InBev has reserved 40 of Tesla’s heavy-duty Semi electric trucks. The trucks, which will not be available until 2019, can drive 800km on a single charge. AB InBev will use them for shipments to wholesalers within 250-320km of its brewery locations. 3. Nike set to move to new premises Nike has announced it is building a new flagship store in New York’s famed 5th Ave shopping district. Its current space, a five-floor store called Niketown, is managed by the Trump Organization. Nike’s move is motivated partly by its strategy to focus on experimental and modern retail. The brand’s stor...
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