Retail Roundup—Walmart close to Flipkart deal; Food Lion testing robot

Walmart sign
Walmart close to completing a deal with India's Flipkart. (Mike Mozart/CC BY 2.0)

38% of workers underemployed

According to Snag's annual State of the Hourly Worker Report, a record 38% of U.S. workers are earning $20 or less an hour and consider themselves underemployed. And a majority, 80%, of underemployed workers are willing to work multiple jobs to get the hours they need. (PR Newswire)

Walmart close to deal with Flipkart

Walmart is close to finalizing a $12 billion deal to purchase India's Flipkart after an earlier possibility of Amazon making the acquisition. Tiger Global Management will sell its 20% stake in Flipkart, as will SoftBank Group Corp., and Walmart is likely to end up with between 60% and 80% of the company. (Bloomberg)

Food Lion testing robot

Food Lion is testing a robot that alerts employees about floor hazards, out-of-stocks and inaccurate pricing. The company ran tests earlier at several Ahold Delhaize banners and is now releasing the slender gray robot in a La Follette, Tennessee, store. (Progressive Grocer)

Lampert suggests Sears sells Kenmore

Sears CEO Eddie Lampert suggests that Sears sell off real estate or all of its business units, including Kenmore. If these steps are taken, Lampert says his hedge fund ESL Investments Inc. would be a bidder in any sale. (Reuters)

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