Walmart

Walmart E-commerce CEO Lore is departing

BENTONVILLE, Ark. — Marc Lore, who helped spearhead Walmart’s transformation into an omnichannel retailer, is leaving the company on January 31. He will continue to serve Walmart as a strategic advisor until September, the company said. In a company email, Walmart president and chief executive officer Doug McMillon credited Lore with helping accelerate Walmart’s e-commerce

Walmart to launch fintech startup

Walmart to launch fintech startup

BENTONVILLE, Ark. — Walmart is launching a fintech startup to develop financial service products designed specifically for its customers and associates. Walmart is partnering with Ribbit Capital, the company behind the Robinhood no-fee mobile investment app, on the new venture. Ribbit, which was founded in 2012, sees disrupting financial services as central to its mission.

Walmart acclaimed for omnichannel retailing

Walmart acclaimed for omnichannel retailing

BENTONVILLE, Ark. — Walmart is reaping success by effectively pursuing an omnichannel strategy that capitalizes on its formidable assets — including 4,700 stores and warehouse clubs in the United States — while investing heavily in innovation. It is not, however, a strategy limited to the U.S. Among Walmart’s international markets, Canada, Mexico and China in

Walmart hosts TikTok livestream event

Walmart hosts TikTok livestream event

BENTONVILLE, Ark. — Walmart is hosting a livestream shopping event on the TikTok social media platform Friday that will let consumers purchase the retailer’s fashion apparel without leaving the app. “This first-of-its-kind livestream shopping experience will take place this Friday, Dec. 18 at 8 p.m. EST on the Walmart profile page on TikTok,” Walmart chief

Pegus named Walmart EVP

BENTONVILLE, Ark. — Walmart has hired Dr. Cheryl Pegus as executive vice president of health and wellness. Pegus begins her new job December 21 and will report to John Furner, chief executive officer of Walmart U.S. “I am thrilled to welcome Dr. Pegus to the Walmart family to advance our efforts to continue exploring health

Mass retailing has a new triumvirate

As 2020 finally and reluctantly gives way to 2021, the mass retail community is understandably optimistic about the year ahead. As background, much has changed, more perhaps than in any other 12-month period in the history of retailing in America. Foremost among these shifts in consumer shopping habits is the undeniable fact that online shopping,

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