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chief executive officer Doug McMillon

Walmart debuts first health and wellness center

Walmart debuts first health and wellness center

DALLAS, Ga. — When Sam Walton opened the first Walmart store in Rogers, Ark., in 1962, he set in motion an enterprise that fundamentally transformed the way Americans shop, giving them convenient access to high-quality consumer products at the lowest possible price. Now, 57 years later, the company has embarked on a pilot test to

Wal-Mart Stores Inc. becomes Walmart Inc.

Wal-Mart Stores Inc. becomes Walmart Inc.

BENTONVILLE, Ark. — The world’s largest retailer is officially changing its legal name from Wal-Mart Stores Inc. to Walmart Inc. The change, which takes effect with the start of the company’s new fiscal year on February 1, is meant to reflect the company’s shift from an operator of stores to one that increasingly lets its

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 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,

Ex-Target exec to assist Walmart with marketing

BENTONVILLE, Ark. – Walmart confirmed earlier this month that the company’s head of marketing, Stephen Quinn, will be retiring from the company. According to Walmart spokeswoman Deisha Barnett, Quinn will step down on January 31. In conjunction with the Quinn announcement, Walmart said that it plans to hire former Target Corp. marketing chief Michael Francis