retail news in context, analysis with attitude

• In San Diego, KUSI-TV News reports that Walmart has begun a signature drive in the city, looking to push for a referendum that could overturn an ordinance that essentially prevents the building of supercenters within the city limits.

Walmart has a month to collect 31,000 signatures, which would put the question on the ballot.

Bloomberg reports that Walmart has confirmed that it is “working to ensure stable prices in the southwestern Chinese city of Kunming after a government order to justify and give advance notice of increases.

“The company has noticed the situation in Kunming and is working with governments and suppliers to guarantee ‘supply of products, in particular daily necessities, as well as a steady price,’ Wal-Mart said in an e-mailed statement today. The Bentonville, Arkansas-based retailer is cooperating with both the local and central government, it said.”
KC's View: