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Doug McMillon

Walmart’s McMillon admonishes Trump over Charlottesville

Walmart’s McMillon admonishes Trump over Charlottesville

BENTONVILLE, Ark. — Walmart president and chief executive officer Doug McMillon has reprimanded President Donald Trump over his response to the violent protests in Charlottesville, Va. In a statement posted Tuesday on a Walmart website, McMillon wrote, “The role we play in communities around the country to build a more diverse and inclusive society is

A new Walmart rises

FAYETTEVILLE, Ark. — Wal­mart has “started to invent the future of shopping again,” president and chief executive officer Doug McMillon said at the company’s annual shareholders meeting this month. “Together, we’re building a new Walmart,” McMillon told more than 14,000 associates from the U.S. and around the world at the University of Arkansas. “We’re going

Walmart posts strong first-quarter sales

Walmart posts strong first-quarter sales

BENTONVILLE, Ark. — Walmart reported strong first-quarter sales that included gains in its U.S. business, which got a lift from aggressive pricing that lured more shoppers into its stores. Store visits rose 1.5% in the quarter, a period in which many retailers saw fewer shoppers. Heavy discounting contributed to a slight decline in average basket

These retail execs stand out

These retail execs stand out

Who are the outstanding retail executives of the year? In years past, this determination would be a difficult task, because so many capable executives would be in contention. This year, not so much — not, at least, if individual success is measured by the success of the company. As we’ve pointed out, 2016 will not

Walmart’s annual meeting puts customers first

Walmart’s  annual meeting puts customers first

FAYETTEVILLE, Ark. — Walmart used its 2016 shareholders meeting to drive home the message that the customer is boss and the key to the retailer’s ability to grow. “Our mission is clear,” Doug McMillon, Walmart’s president and chief executive officer, said at the June 3 meeting. “We save customers money so they can live better.”

Walmart repositions board of directors

Walmart repositions board of directors

BENTONVILLE, Ark. — Walmart has reshaped its board of directors as the company pushes ahead with its strategic plans. Walmart said late Wednesday that going forward its board will have 12 members, down from the current 15. Plans call for current directors Aida Alvarez, Roger Corbett, Mike Duke and Jim Walton to not stand for

Walmart refocuses

BENTONVILLE, Ark. — Walmart continues to fine-tune operations in pursuit of its growth strategy. Recent alterations include elimination of its smallest store format, the closure of underperforming stores in the United States and internationally, pay raises for more than 1.2 million U.S. employees and consolidation of its technology teams. The pillars of the company’s growth

Are recent headlines a sign of things to come?

Two recent business stories that received a fair amount of attention in mainstream media channels raise some interesting questions about the trajectory of retailing in America. The National Retail Federation reported in the middle of last month that holiday sales increased just 3% to $626 billion. The lackluster performance fell well short of the association’s