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Walmart

Walmart U.S. comp-store sales up 1.8%

Walmart U.S. comp-store sales up 1.8%

BENTONVILLE, Ark. — Walmart’s U.S. business accelerated in the fiscal fourth quarter, with domestic same-store sales posting their biggest increase since 2012. It was the 10th consecutive quarter of same-store sales growth for Walmart, which also said global e-commerce sales surged during in the three months ended January 31. Walmart said it earned $3.76 billion,

Walmart to streamline way it buys for web site

Walmart to streamline way it buys for web site

NEW YORK — Walmart plans to streamline its buying process so that the same merchants can purchase products for the retailer’s stores and its web site, according to published reports. The move should help Walmart leverage its considerable buying power to make its online offering more compelling to consumers. The new approach will mean that

Walmart adds free two-day shipping

Walmart adds free two-day shipping

SAN BRUNO, Calif. — Walmart customers in the U.S. can now get free two-day shipping on their Walmart.com purchases, without a membership fee. The new free shipping option, which is seen as sharpening its competition with Amazon.com Inc.’s popular Amazon Prime service, replaces Walmart’s previous Shipping Pass two-day shipping program, which required shoppers to pay

Walmart reorganizes executive ranks

Walmart reorganizes executive ranks

BENTONVILLE, Ark. — Walmart is realigning its top management to have several executives oversee both online and in-store operations. Chief marketing officer Tony Rogers will now take on online and digital marketing efforts, including for Jet.com, according to an internal company memo cited by The Wall Street Journal. Jeremy King, head of the WalmartLabs engineering

Walmart CIO Terrell to leave post

Walmart CIO Terrell to leave post

BENTONVILLE, Ark. — Karenann Terrell,  executive vice president and chief information officer for Walmart, is leaving the company effective February 24. Walmart said it expects to announce new technology leadership soon. Terrell  joined Walmart in 2010 as executive vice president of information systems, and she was promoted to chief information officer in February 2012. In

Brewer to retire as Sam’s Club CEO

Brewer to retire as Sam’s Club CEO

BENTONVILLE, Ark. — Rosalind Brewer is set to retire from her position as president and chief executive officer of Sam’s Club, effective February 1. Brewer, who has led Walmart’s warehouse club division since February 2012, will be replaced by John Furner, who currently serves as chief merchandising officer at Sam’s Club, with responsibility for overseeing

Industry mourns passing of MPG’s John Westling Sr.

Industry mourns passing of MPG’s John Westling Sr.

PRINCETON, N.J. — Retail industry veteran and former Walmart executive John Westling Sr., president of sales services at Market Performance Group (MPG), passed away on Monday. He was 60. Westling joined MPG as president of sales services in April 2013 after running his own consulting firm serving consumer packaged goods (CPG) retailers and manufacturers for

Walmart reports robust Q3 earnings

Walmart reports robust Q3 earnings

BENTONVILLE, Ark. — Walmart’s third quarter earnings beat analysts’ expectations, but its sales fell slightly short, dampened by food deflation and unfavorable foreign exchange rates. The company earned $3.03 billion, or 98 cents a share, during the quarter, down from $1.03 per share a year ago. Sales were $118.18 billion, up 0.7% from last year

Target adds logistics vet Natarajan

Target adds logistics vet Natarajan

MINNEAPOLIS — Target Corp. has hired former Walmart executive Shekar Natarajan for the newly created role of senior vice president, network planning and operational design, with oversight of Target’s direct-to-store and direct-to-customer shipping operations. Natarajan will join Target on November 20 and work out of its offices in Sunnyvale, Calif. He will report to Arthur

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