Pilot Pen G2 Edge

Doug McMillon

Walmart announces 3-for-1 stock split

Walmart announces 3-for-1 stock split

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

Walmart details its technology vision at CES

Walmart details its technology vision at CES

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

Walmart seeing results of ‘truly omni’ mindset

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,

Commonsense answer needed for retail crime

Commonsense answer needed for retail crime

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

Walmart Q2 sales, earnings top expectations

Walmart Q2 sales, earnings top expectations

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%

Walmart has record-setting fourth quarter

Walmart has record-setting fourth quarter

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

Walmart reports record revenue in Q4, year

Walmart reports record revenue in Q4, year

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

Walmart to require shoppers to wear masks

Walmart to require shoppers to wear masks

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

John Furner tapped to lead Walmart U.S.

John Furner tapped  to lead Walmart U.S.

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

Doug McMillon to chair Business Roundtable

Doug McMillon to chair Business Roundtable

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

1 2 3 4