If you're tired of keeping constant tabs on the market and just want to buy shares of some quality companies and tuck them away for a while, great! You know the company. Microsoft's Windows operating system is installed on 75% of the world's desktops and laptops, according to data from GlobalStats, and that market share appears to be stabilizing after falling back from more than 90% a decade ago when smartphones and Macs became a more mainstream way of interfacing with the web.
Bunzl Plc on Thursday agreed to new contract terms with Walmart, its largest customer by revenue, to keep supplying distribution services across North America, sending the British business supplies distributor's shares up 3%. Bunzl, who has been working with Walmart for over 20 years and has been in negotiations with the supermarket giant from at least June last year, said the new terms will help cut the British company's sensitivity to certain cost movements. "I am pleased to announce the continuation of this long-standing customer partnership, with this collaboration highlighting the strength of our customer-focused proposition," Chief Executive Officer Frank van Zanten said.
Walmart (NYSE: WMT) still has its eyes locked on beating Amazon (NASDAQ: AMZN) in e-commerce by launching a new initiative targeting small- and medium-sized businesses (SMBs). Called Walmart Business+, it seeks to simplify purchases made by businesses through a curated list of 100,000 products such as office supplies, furniture, food and beverage, restroom items, electronics, and classroom and facility needs. It is yet another initiative in a series that Walmart has begun to woo businesses away from its rival, which has offered small- and medium-sized companies various services for years.