Walmart Inc.’s board of directors has elected John Furner to succeed Doug McMillon as president and CEO of Walmart Inc., effective Feb. 1. Furner also was elected to the company’s board of directors, effective immediately. McMillon will retire on Jan. 31, but will remain on the board until the next annual shareholders’ meeting to ensure […]
Tag: Doug McMillon
Posted inOnline Grocery Technology, Corporate Store News, News, Southwest, Walmart
Walmart, OpenAI Partner On AI-First Shopping Experiences
Walmart is combining its assortment, prices and delivery speed with the power of artificial intelligence, entering a partnership with OpenAI that will start soon by allowing customers and members to shop Walmart through ChatGPT using Instant Checkout. Whether planning meals, restocking household essentials or finding something new, customers can chat and buy, with Walmart handling […]
Posted inExecutive News, Corporate Store News, Home Page Latest News, Southwest
McLay Appointed President And CEO Of Sam’s Club
Kathryn McLay has been named president and CEO of Bentonville, Arkansas-based Sam’s Club. Her most recent responsibility had been EVP of Neighborhood Markets, where she led the growth and overall operations of nearly 700 stores across the U.S. McLay joined Walmart in 2015 as the VP of U.S. finance and strategy, where she led the […]
Posted inOnline Grocery Technology, Corporate Store News, Home Page Slider, Industry News, Southwest
Walmart Q3 Comp Sales Grew 3.2 Percent, E-Commerce Up 41 Percent
Bentonville, Arkansas-based Walmart has released its third quarter sales results for the 13-week period ended Oct. 25, 2019, compared to 13-week period ended Oct. 26, 2018, and excluding fuel. Total revenue was $128 billion, an increase of $3.1 billion, or 2.5 percent. Walmart U.S. comp sales grew 3.2 percent; they increased on a two-year stacked […]
Posted inExecutive News, Home Page Slider, Industry News, Marketing News, Merchandising News, National
Sam’s Club Leader Furner To Take Helm Of Walmart U.S.
On Nov. 1, John Furner will become president and CEO of Walmart U.S., following Greg Foran’s five years in the role. Furner will report to Doug McMillon, president and CEO of Walmart Inc. in Bentonville, Arkansas. Foran, who has accepted the role of CEO for Air New Zealand Ltd., will stay on with Walmart through […]
Posted inSouthwest, Corporate Store News, Home Page Latest News, Industry News, Sustainability News
New Walmart Home Office Campus To Be Sustainable
Company officials have been working on the sustainable design for a new Walmart home office campus in Bentonville, Arkansas. “We’ve spent the past couple of years imagining what Walmart’s ‘dream home’ might look like. We’ve thought a lot about how we want to work together as our company grows and changes,” Dan Bartlett, executive vice […]
Posted inCorporate Store News, Southwest
Walmart E-Commerce Sales Grew Nearly 40 Percent In First Quarter
Walmart’s U.S. e-commerce sales grew 37 percent, according to its first quarter 2019 financial results released May 16. Other highlights of Walmart’s first quarter financial report: • Total revenue was $123.9 billion, an increase of $1.2 billion. Excluding currency, total revenue was $125.8 billion, an increase of $3.1 billion or 2.5 percent. • Walmart U.S. […]
Posted inSouthwest, Corporate Store News, Store News
Walmart Announces Plan For June 2019 Shareholders’ Meeting
Walmart has released its schedule of activities for its 2019 annual shareholders’ meeting in June. A formal business meeting for shareholders to vote on proxy proposals is set June 5, with a separate event traditionally for associates and shareholders on June 7. Shareholders of record must present proof of share ownership and photo identification to […]
Posted inHome Page Slider, Corporate Store News, Southwest, Store News
Walmart’s Revenue Up By $14 Billion In Fiscal 2019
On Feb. 19, Walmart reported its results for the fourth quarter and fiscal 2019 year ended Jan. 25. In the fourth quarter, total revenue was $138.8 billion, an increase of $2.5 billion, or 1.9 percent. Walmart U.S. comparable sales on a two-year stack of 6.8 percent is the strongest growth in nine years, the Bentonville, […]
Posted inSouthwest, Corporate Store News, Home Page Latest News, Store News
Walmart Introduces New Focus On Hiring Military Spouses
Walmart now is giving hiring preference to military spouses, becoming the largest U.S. company to make such a commitment. The Military Spouse Career Connection, a new initiative by Walmart to recruit and hire military spouses, complements its 2013 Veterans Welcome Home commitment, enhanced in 2015, to hire 250,000 military veterans by 2020, a goal it […]
Posted inCorporate Store News, Home Page Latest News, Industry News, Southwest, Store News
Walmart Changes Legal Name To Reflect How Customers Want To Shop
Reflecting its growing status as an omni-channel retailer Walmart has revealed plans to change the company’s legal name from Wal-Mart Stores Inc. to Walmart Inc. effective Feb. 1. According to the company, the name change chiefly demonstrates its growing emphasis on “serving customers seamlessly however they want to shop: in stores, online, on their mobile […]