retail news in context, analysis with attitude

•  Reuters reports that Walmart said that it is selling its Argentina business "to South American supermarket chain owner Grupo de Narváez, pulling back as the country grapples with an economic crisis.

"The U.S. company did not disclose the size of the deal for retail operations involving more than 90 stores, but said it would record about a $1 billion after-tax, non-cash loss related to the divestiture in its fiscal third quarter next year.

"The sale comes as Argentina, mired in recession since 2018, has just emerged from a sovereign default and is grappling with a currency crisis. The government has been fending off talk that international firms are looking for the exit."

•  A website called Ford Authority reports that "Walmart and comedian/car collector extraordinaire Jay Leno just announced that they were teaming up to reimagine Sam Walton’s F-150 using a brand new 2021 Ford F-150. The collaboration occurred as a way to celebrate the fact that the retailer will be selling Leno’s line of car care and detailing products this coming spring."

It is a pretty good plug, both for Leno's products and the man who remains Walmart's cultural inspiration and touchstone.  You can watch it here: