Thursday, April 26, 2018
Business

In the age of Amazon, Walmart is changing its legal name

NEW YORK — Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon’s increasing dominance,

The world’s largest retailer, based in Bentonville, Arkansas, said Wednesday it will change its legal name to Walmart Inc. from Wal-Mart Stores Inc.

It said the move underscores its growing emphasis on serving shoppers in different ways beyond just physical stores but also online, on their mobile devices and through pickup and delivery. The company has been making inroads in narrowing the gap between itself and Amazon by making big investments in its online business. It tripled the number of items sold online from a year ago, overhauled its free shipping strategy and is expanding such services as allowing shoppers to pick up online grocery orders curbside at the stores. That has helped drive strong e-commerce sales gains in the past several quarters, most recently 50 percent growth in its fiscal third quarter.

It operates more than 11,600 stores and clubs under 60 different banners worldwide.

"Whether it’s in our stores, on our sites, with our apps, by using their voice or whatever comes next, there is just one Walmart as far as our customers are concerned," wrote Doug McMillon, Walmart president and CEO, in a blog post Wednesday.

The discounter’s formal legal name when it incorporated on Oct. 31, 1969 was Wal-Mart Inc. It was changed to Wal-Mart Stores Inc. on Jan. 9, 1970, the same year it went public. It will continue to trade on the New York Stock Exchange as "WMT." It’s been using the current Walmart logo in its operations since June 2008.

But for employees who still want to do the "squiggly" in the Walmart cheer where they move their hips when they get to the hyphen, there is nothing to fear.

"Getting our blood flowing and choosing not to take ourselves too seriously is still part of our culture," McMillon wrote Wednesday. "It’s important to have some fun at work, so for our associates in countries where your cheer calls for the squiggly, keep doing it!"

Comments
Outback Steakhouse owner Bloomin’ Brands beats Wall Street forecast in first quarter

Outback Steakhouse owner Bloomin’ Brands beats Wall Street forecast in first quarter

TAMPA — Outback Steakhouse parent company Bloomin’ Brands reported first-quarter earnings of $65.4 million and a 68 cents net income per share.The locally based company, which also owns Carrabba’s and Bonefish Grill, posted $1.12 billion in revenue. ...
Updated: 7 minutes ago
Jacksonville Jaguars owner Shahid Khan makes offer for Wembley Stadium

Jacksonville Jaguars owner Shahid Khan makes offer for Wembley Stadium

LONDON — Jacksonville Jaguars owner Shahid Khan has made an offer to buy Wembley Stadium from the English Football Association, increasing the prospect of an NFL franchise in London.Wembley has staged regular-season NFL games since 2007 and the Jagua...
Updated: 22 minutes ago
Duke Energy announces new Florida leadership

Duke Energy announces new Florida leadership

ST. PETERSBURG — The head of Duke Energy Florida is leaving his post to take a new role with the utility’s parent company June 1, the company announced on Wednesday. Harry Sideris, 47, was appointed this week to serve as vice president a...
Updated: 5 hours ago
Yelp search results reflected racist stereotype that Asian American restaurants serve cat and dog

Yelp search results reflected racist stereotype that Asian American restaurants serve cat and dog

A strange thing happened when typing "dog menu" into the restaurant ratings website and app Yelp. It automatically generated suggested searches. There were dog massage, hot dogs, pet groomers. Also: "dog meat." But it got more disturbing. Take Yelp...
Published: 04/25/18
As more emotional support animals fly on U.S. airlines, Congress eyes new ways to tighten the leash

As more emotional support animals fly on U.S. airlines, Congress eyes new ways to tighten the leash

WASHINGTON — With hundreds of thousands of emotional support animals taking to the skies on U.S. airlines, Congress may start pulling a tighter leash.Two new legislative options emerged this week to address a hairy issue for American Airlines, Southw...
Published: 04/25/18

Comcast challenges Murdoch with rival bid for U.K.-based Sky

LONDON — U.S. media giant Comcast on Wednesday offered $30.7 billion for Sky PLC, topping a bid from Rupert Murdoch’s 21st Century Fox and setting up a bidding war for Britain’s biggest satellite TV company.Comcast said it would pay approximately $17...
Published: 04/25/18
Sprouts Farmers Market to open new store in Pasco County

Sprouts Farmers Market to open new store in Pasco County

TRINITY — Pasco County will be getting its first Sprouts Farmers Market, the organic grocery chain announced Wednesday. The new store will open at the Village at Mitchell Ranch on State Road 54 and Little Road. Officials with the speciality st...
Published: 04/25/18
Circle K launching own gas at eight Hillsborough locations

Circle K launching own gas at eight Hillsborough locations

TAMPA — Circle K is converting the gas station portion of eight of its Hillsborough locations to Circle K fuel. Previously, the fuel was provided by other brands, such as Shell. The new Circle K branding also brings with it the Canadian-owned conveni...
Published: 04/25/18
Florida leads other hurricane-prone states in quality of its building codes

Florida leads other hurricane-prone states in quality of its building codes

Florida has the strongest residential building codes among 18 coastal states, according to a new study by the Insurance Institute for Business & Home Safety. Florida’s rating is 95, almost three times higher than lowest-ranked Texas. Other states wit...
Published: 04/25/18
Study: Tampa Bay homes in once ‘redlined’ neighborhoods worth half those in other areas

Study: Tampa Bay homes in once ‘redlined’ neighborhoods worth half those in other areas

Times staffRedlining’ — banks’ refusal to make mortgage loans in certain areas — still has a huge effect on housing values even though the practice was banned 50 years ago. According to Zillow, a Tampa Bay house in a once-redlined area is worth less ...
Published: 04/25/18