retail news in context, analysis with attitude

• The Wall Street Journal reports this morning that Walmart this year has set a policy that ties executive bonuses to the company's sales as well as its operating income; in the past, operating income was the primary benchmark against which bonuses were set.

The retailer said in a Securities and Exchange Commission (SEC) filing that the change was made “to emphasize the importance of sales growth as a priority for our company."

• Walmart-owned Sam's Club said this week that it is embarking on "a major expansion of its service offerings that could save members up to $2,300 per year on service solutions for business and personal needs ... The five new services range from protecting members’ personal data to giving a small business new resources to grow its customer base, and round out an extensive suite of solutions that help redefine the value of Sam’s Club membership."

Among the offerings is the Sam’s Club Business Lending Center, described as "a simple digital platform for business members to gain access to responsible capital – from $5,000 to $350,000 - through Lending Club business loans and SmartBiz 7(a) SBA Loans."
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