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CEO Doug McMillon

Walmart commits to innovation, action

Walmart commits to innovation, action

BENTONVILLE, Ark. — Wal­mart’s deep and diverse leadership team is moving to transform the company into a swift-moving innovator with a unique collection of assets that place it in position to win in the future while also delivering good financial results in the short term, president and chief executive officer Doug McMillon told Wall Street

Walmart CEO Doug McMillon honored

Walmart CEO Doug McMillon honored

BENTONVILLE, Ark. — Since Doug McMillon took over as president and chief executive officer of Walmart, the pace of change within the world’s largest retailer has accelerated dramatically. And the pace of transformation is not quick enough for the CEO, who began his career at Walmart as an hourly associate in a distribution center. “It’s

Walmart posts third quarter sales gains

Walmart posts third quarter sales gains

BENTONVILLE, Ark. — Walmart reported better-than-expected comparable store sales gains in the third quarter. The company’s online business was also strong, with net e-commerce sales increasing 50% in the quarter. “We are pleased with the strong results in the quarter across each of our business segments,” Walmart president and chief executive officer Doug McMillon said,

Walmart wraps up Jet.com acquisition

Walmart wraps up Jet.com acquisition

BENTONVILLE, Ark. — Walmart has finalized its $3.3 billion acquisition of e-tailer Jet.com. The discount store giant said late Monday that with the closing of the deal, which was announced in early August, Jet.com founder and chief executive officer Marc Lore becomes executive vice president at Walmart and president and CEO of Walmart e-commerce in