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Doug McMillon

Walmart reaches agreements with DOJ and SEC

Walmart reaches agreements with DOJ and SEC

BENTONVILLE, Ark. — Walmart agreed to pay $282 million to settle federal allegations of overseas corruption, capping one of the biggest investigations ever under the Foreign Corrupt Practices Act, which makes it illegal for American corporations to bribe overseas officials. The company said Thursday it had entered into a global settlement with the U.S. Department

Annual meeting celebrates Walmart’s momentum

Annual meeting celebrates Walmart’s momentum

FAYETTEVILLE, Ark. — Walmart wrapped up its annual shareholders’ week activities on Friday with a celebration of the company’s associates as “extraordinary people doing extraordinary things.” Brett Biggs, executive vice president and chief financial officer, credited Walmart’s 2.2 million associates worldwide with helping fulfill founder Sam Walton’s vision for Walmart as a merchant serving the

A winning position

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 establishes strategic partnership with Microsoft

Walmart establishes strategic partnership with Microsoft

BENTONVILLE, Ark. — Walmart is establishing a strategic partnership with Microsoft to accelerate its digital transformation in retail, empower associates, and make shopping faster and easier for customers around the world. “Walmart’s commitment to technology is centered around creating incredibly convenient ways for customers to shop and empowering associates to do their best work,” Doug

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’s e-focus

NEW YORK — Walmart is increasingly becoming a technology company, seeing its transformation into an omnichannel retailer as critical to its continued growth. But Walmart president and chief executive officer Doug McMillon insists that retailing is still a people business, and “our people will ultimately be the way that we win.” McMillon spoke about people

Walmart, Rakuten form strategic partnership

Walmart, Rakuten form strategic partnership

BENTONVILLE, Ark. — Walmart has formed an alliance with Japan’s largest online retailer, Rakuten Inc., that leverages each partner’s strengths and assets to expand consumer reach and enhance the way customers are served in Japan and the United States, the companies announced Thursday night after Walmart president and chief executive officer Doug McMillon met in

Walmart’s McMillon talks tech, people

Walmart’s McMillon talks tech, people

NEW YORK — Despite the technology that is changing the way stores operate and consumers shop, retailing is still a people business, Walmart president and CEO Doug McMillon said on Sunday. “The way the customers feel when they leave the store, or your web site or app, determines how fast they’re going to come back,”

McMillon named Retailer of the Year by MMR

McMillon named Retailer of the Year by MMR

BENTONVILLE, Ark. — When Doug McMillon, who started his business career as an hourly worker at a Walmart distribution center in 1984, was selected to be president and chief executive officer of the company four years ago, industry observers expressed confidence that he would preserve the ethos established by Sam Walton, the retailer’s legendary founder.

Walmart’s McMillon to speak at NRF ‘Big Show’

Walmart’s McMillon to speak at NRF ‘Big Show’

WASHINGTON — Walmart president and chief executive officer Doug McMillon will take the stage at the National Retail Federation’s ‘Big Show’ conference in New York next month. He will join NRF president and CEO Matthew Shay at 3 p.m on January 14 for a discussion of strategies retailers can employ to survive in today’s environment