February 26, 2024 by MMR
CES, Consumer Electronics Show, Doug McMillon, Walmart
2024, Issue 02-26-2024
BENTONVILLE, Ark. — Walmart entered 2024 moving simultaneously on several fronts to advance its transformation into a new kind of retailer — indeed, a new kind of business enterprise. At the same time, the company is re-emphasizing the importance of its retail roots with plans to resume opening stores in the United States. At a
January 31, 2024 by MMR
Associate Stock Purchase Plan, common stock, Doug McMillon, sam walton, Walmart
Featured Articles, Leading Headlines, Money, Retail News
BENTONVILLE, Ark.– Walmart announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1. The stock split is part of Walmart’s ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach. More than 400,000
January 10, 2024 by Jeffrey Woldt
CES, chief merchandising officer Latriece Watkins, chief people officer Donna Morris, chief technology and development officer Suresh Kumar, Doug McMillon, Sam’s Club chief merchant Megan Crozier, Satya Nadella, Walmart
Featured Articles, Leading Headlines, Retail News
LAS VEGAS — Doug McMillon and several other members of Walmart’s management team discussed their vision of a new type of commerce — adaptive retailing — at the Consumer Electronics Show here yesterday. Driven by the needs of customers and associates, the concept hinges on technology and its role in creating an interconnected and frictionless
June 19, 2023 by Jeffrey Woldt
Doug McMillon, Jeffrey Woldt, Walmart
2023, Issue 06-19-2023, Issues
FAYETTEVILLE, Ark. — The Walmart that Doug McMillon presides over is a different place than it was when he became chief executive officer nine years ago. At the time, some industry observers viewed the company as too vast and deeply rooted in brick-and-mortar retailing to compete effectively in the age of e-commerce. With McMillon’s prodding,
December 12, 2022 by Jeffrey Woldt
Doug McMillon, Jeffrey Woldt, retail crime
2022, Issue 12-12-2022, Issues, Opinion
The newfound willingness of executives to publicly discuss retail crime and its impact on consumers is a welcome development. Walmart CEO Doug McMillon is the latest in a series of industry leaders — a group that includes Andre Persaud, Rite Aid’s chief retail officer, and Target CFO Michael Fiddelke — to address the problem. “Theft
August 16, 2022 by MMR
Doug McMillon, second quarter, Walmart
Featured Articles, Leading Headlines, Money, Retail News
BENTONVILLE, Ark. — Walmart reported stronger than expected second quarter sales and earnings on Tuesday, and revised its full-year earnings outlook. The company said it delivered strong top-line growth globally, partially driven by inflation. Total revenue was $152.9 billion, up 8.4%, or 9.1% in constant currency. Comp sales for Walmart U.S. grew 6.5%, and 11.7%
February 17, 2022 by MMR
Doug McMillon, fiscal 2022, fourth quarter, Walmart
Featured Articles, Leading Headlines, Money, Retail News
BENTONVILLE, Ark. — Walmart wrapped up its 2022 fiscal year on a resoundingly strong note, beating Wall Street’s expectations for fourth-quarter adjusted earnings, revenues and same-store sales. The flagship Walmart U.S. division, moreover, topped $100 billion in quarterly sales for the first time. “We had another strong quarter to finish off a strong year,” said
November 16, 2021 by MMR
Doug McMillon, third quarter, Walmart, Walmart CEO Doug McMillon
Leading Headlines, Money, Retail News
BENTONVILLE, Ark. — Walmart posted third quarter sales and earnings that topped expectations, and the company raised its outlook for the year. Comp sales at Walmart U.S. grew 9.2% versus the prior year period, with 15.6% increase on a two-year stack basis. Walmart U.S. eCommerce sales grew 8% for the quarter and 87% on a
February 18, 2021 by MMR
Doug McMillon, Walmarrt chief financial officer Brett Briggs, Walmart, Walmart president and chief executive officer Doug McMillon
Featured Articles, Leading Headlines, Money, Retail News
BENTONVILLE, Ark. — Walmart reported record sales for its fourth quarter and year ended January 31. Revenues totaled $152.1 billion for the fourth quarter (an increase of 7.3%) and $559.2 billion (an increase 6.7%) for the year. The retailer also said it was stepping up its capital investments and will raise its average associate pay
July 15, 2020 by Scot Meyer
Doug McMillon, face masks, Retail Industry Leaders Association, RILA, Walmart
Featured Articles, Leading Headlines, Retail News
BENTONVILLE, Ark. – Walmart made it official on Wednesday: Shoppers in Walmart and Sam’s Club outlets nationwide will be required to wear face coverings, effective July 20. “While we’re certainly not the first business to require face coverings, we know this is a simple step everyone can take for their safety and the safety of
October 10, 2019 by MMR
Doug McMillon, Greg Foran, John Furner, Walmart, Walmart U.S.
Featured Articles, Leading Headlines, People, Retail News
BENTONVILLE — Walmart said Thursday that John Furner will become the president and chief executive officer of Walmart U.S., effective November 1. Furner, who currently serves as president and CEO of Sam’s Club, will succeed Greg Foran, who has led Walmart U.S. for five years. Foran is leaving Walmart to become CEO at Air New
September 19, 2019 by MMR
Business Roundtable, Doug McMillon, Walmart CEO
Featured Articles, Leading Headlines, People, Retail News
WASHINGTON – The Business Roundtable on Thursday tapped Walmart president and chief executive Doug McMillon to serve as its next chairman. He will serve a two-year term starting January 1. McMillon will succeed Jamie Dimon, chairman and CEO of JPMorgan Chase, as chairman of the association of corporate chief executive officers, which aims to promote