PRO_1170x120_4-1-19

Walmart

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 joins wellness payment services network

Walmart joins wellness payment services network

ATLANTA — Walmart has joined the network of retailers accepting InComm Healthcare and Affinity’s Enhanced Payment Platform, thus allowing members of more than 90 health plans with cards issued by IHA to participate in health plan-sponsored wellness programs and receive benefits at Walmart locations nationwide. “The addition of Walmart to our network of retailers is

Supreme Court declines to hear Walmart appeal

Supreme Court declines to hear Walmart appeal

WASHINGTON — The U.S. Supreme Court on Monday rejected Walmart’s challenge of a class-action judgment against the company. Walmart was seeking to overturn a $187 million judgment over its treatment of workers in Pennsylvania between 1998 and 2006, whose suit alleged Walmart failed to pay them for all hours worked and denied them from taking

Retailer of the Year honorees receive awards

Retailer of the Year honorees receive awards

NEW YORK — Racher Press Inc., the publisher of  Mass Market Retailers and Chain Drug Review, presented its 2015 Retailer of the Year awards last evening in New York City. The annual event drew retailer and supplier executives from across the food, drug and mass channel to a ballroom at the new headquarters of Time

Walmart names health and wellness VP

Walmart names health and wellness VP

BENTONVILLE, Ark. — Marcus Osborne has been appointed as vice president of health and wellness transformation at Walmart. Walmart confirmed Osborne’s promotion on Wednesday. He previously served as vice president of health and wellness payer relations. In his new role, Osborne will focus on driving the strategic vision, business development and key initiatives for the

Former Walmart exec Mac Naughton is CEO of Mills Fleet Farm

Former Walmart exec Mac Naughton is CEO of Mills Fleet Farm

BRAINERD, Minn. — Former Walmart chief merchandising and marketing officer Duncan Mac Naughton assumes the role of CEO of Mills Fleet Farm, a Midwestern retailer with 35 stores in Wisconsin, Minnesota, Iowa and North Dakota. His appointment became effective Monday upon the completion of the retailer’s acquisition by the investment firm KKR. “I am honored

Walmart’s Q4 sales rise, earnings decline

Walmart’s Q4 sales rise, earnings decline

BENTONVILLE, Ark. — Walmart on Thursday said fourth quarter net income fell 7.9% to $4.5 billion. The company also lowered its outlook for the current quarter, in part due to the effects of a stronger dollar and the costs of recent store closings. Walmart said last month that it would close 269 stores globally, including

New Year gets off to quiet start

New Year gets off to quiet start

Walmart has begun closing stores, as the retailer had previously announced. Most of the closings involve the Express stores the company began opening over the past two years in the belief that it could more successfully compete with the likes of such small-store retailers as drug and dollar stores with convenience-oriented stores than the big

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