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shoppers on items they order online and pick up in-store, as it revamps its e-commerce offerings at a faster pace to close the gap with larger rival Amazon.com Inc. Online orders picked up in store already qualify for no shipping charges since the retailer saves on shipping fees. The latest discounts come on top of that. For example, a Vizio 70-inch 4K Ultra HD television priced at $1,698 for store pick up will qualify for an additional discount of $50. Marc Lore, head of Wal-Mart's e-commerce operations, told Reuters in an interview on Tuesday he expects the move to boost transactions online and improve customer traffic in stores. "This is a very material change in the value proposition we are offering customers," he said. Lore said Wal-Mart is able to offer these discounts as it is able to eliminate delivery costs by leveraging its fleet of more than 6,700 trucks to deliver products from warehouses to stores. The decision to offer these discounts is the latest move by Lore to revamp an existing e-commerce offering from Wal-Mart. The change is expected to improve the retailer's competitive advantage by making its 4,700 U.S. stores more relevant to shoppers in a digital age, analysts said. Lore has been at the forefront of bold moves Wal-Mart has undertaken to challenge Amazon since he took charge of the retailer's struggling online business in August, after Wal-Mart acquired Jet.com, a company Lore founded, for over $3 billion.
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It sounds like a bad start for #GenderPayGap , but Schroders said the figures "may be misleading". In line with most companies in the financial services sector, there are fewer women in senior roles at the firm. The company said: "Our analysis of comparable roles shows that we reward men and women fairly for similar work and that the gap reflects the lower representation of women at senior levels within the organisation". If that's the case, what is the point of these figures? And how should you act on the facts? Why is releasing gender pay data important? The Chartered Management Institute (CMI) calls it "unprecedented transparency". For the first time, more than 9,000 companies employing about 15m people will have to measure, and then report, how they pay men and women. It will affect nearly half the workforce in the UK.