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
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
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