Retail Roundup—Walmart picks up Tesco executive; Lowe's CEO to retire

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Walmart picks up an executive from Tesco. (Walmart)

Walmart picks up new executive from Tesco

A grocery veteran who led Tesco's online sales was just named president of Walmart's Jet.com in the reach to grab a bigger piece of the online grocery sector. Simon Belsham will oversee all operations including grocery and general merchandise. Reuters article

Lowe's president, CEO to retire

Robert Niblock, chairman, president and CEO of Lowe's, announced he will retire from the company after 25 years there. Niblock will remain in his current role while the retailer looks for a successor. Release

Supply chains not adopting robotics

Supply chains are the key to e-commerce sites but companies are slow to automate the process. In a new study from DHL, 95% of supply chain and operations professionals said they are not fully capitalizing on technologies, augmented reality or robotics. B2B E-commerce World article

India's e-commerce to reach 6% of sales by 2022

Despite a slowdown in the last few years, Indian e-commerce is still one of the world's fastest-growing segment and is set to overtake most others by 2022, reaching $73 billion in annual sales. That growth rate, almost 30%, would make e-commerce 5.7% of total retail sales by 2022. Quartz article

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