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Walmart

Walmart posts sales gains for Q4, year

Walmart posts sales gains for Q4, year

BENTONVILLE, Ark. — Walmart reported sales of $141.7 billion for the fourth quarter of fiscal 2020, an increase of $12.9 billion, or about 2.1%, over the prior year period. Earnings and sales fell short of analysts expectations, however, and Walmart said that holiday sales were softer than expected. Walmart president and CEO Doug McMillon said

Walmart’s chief merchant Bratspies is leaving

Walmart’s chief merchant Bratspies is leaving

BENTONVILLE, Ark. — Wal­mart said on Friday that chief merchant Steve Bratspies is leaving the company. Bratspies has been the company’s chief merchandising officer for more than four years, a key role that oversees product selection and pricing in its U.S. stores, according to the company. He will be replaced by Scott McCall, another company

Walmart recognized for unrivaled omnichannel retailing

Walmart recognized for unrivaled omnichannel retailing

BENTONVILLE, Ark. — Recognizing the dramatically changing mass retailing marketplace, the editors of Mass Market Retailers have selected Walmart as the initial recipient of the publication’s newly created award for the most outstanding U.S. omnichannel ­retailer. The designation of Walmart, the world’s largest retailer, for this recognition was not a difficult decision. In 2019, the

P&G’s Always, Walmart target ‘Period Poverty’

P&G’s Always, Walmart target ‘Period Poverty’

CINCINNATI — Procter & Gamble Co.’s Always feminine hygiene brand and partners including Walmart have renewed the #EndPeriodPoverty campaign to help girls grow in confidence and reach their full potential. The partners want to triple the number of feminine care products donated “so no girl misses out on the confidence-building activities she loves because of

MMR honors ‘People Who Made a Difference’

MMR honors ‘People Who Made a Difference’

NEW YORK — Mass Market Retailers on Tuesday evening honored the outstanding executives who were chosen as the publication’s Six Who Made a Difference in 2019. On hand to receive awards were the following executives: Brian Eason, Vice President of Consumer Health and Wellness, CVS Health. Lori Flees, Senior Vice President of Health and Wellness,

Walmart taps McLay as Sam’s Club CEO

Walmart taps McLay as Sam’s Club CEO

BENTONVILLE, Ark. — Walmart has promoted Kathryn McLay to lead Sam’s Club as the division’s new president and chief executive officer. McLay succeeds John Furner, who was elevated last month to the role of president and CEO of Walmart’s U.S. division. McLay’s promotion comes less than a year after she was named executive vice president

Walmart Q3 revenues rise on strong sales

Walmart Q3 revenues rise on strong sales

BENTONVILLE, Ark. — Walmart on Thursday said its third-quarter revenue rose 2.5% to $128 billion on strong sales at its U.S. stores and websites. U.S. comparable sales increased 3.2%, extending a four-year streak of quarterly gains. U.S. e-commerce sales increased 41%, driven by gains in Walmart’s grocery business, which is gaining competitiveness thanks to the

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