BENTONVILLE, Ark. — Walmart agreed to pay $282 million to settle federal allegations of overseas corruption, capping one of the biggest investigations ever under the Foreign Corrupt Practices Act, which makes it illegal for American corporations to bribe overseas officials. The company said Thursday it had entered into a global settlement with the U.S. Department
FAYETTEVILLE, Ark. — Walmart wrapped up its annual shareholders’ week activities on Friday with a celebration of the company’s associates as “extraordinary people doing extraordinary things.” Brett Biggs, executive vice president and chief financial officer, credited Walmart’s 2.2 million associates worldwide with helping fulfill founder Sam Walton’s vision for Walmart as a merchant serving the
BENTONVILLE, Ark — Walmart has named tech industry veteran Suresh Kumar to a new chief technology officer and chief development officer role position, reporting directly to president and chief executive officer Doug McMillon. Kumar brings more than 25 years of technology leadership experience — including executive positions at Google, Microsoft, Amazon and IBM — to
BENTONVILLE, Ark. — Walmart officials said work on a new corporate campus is set to begin here in July. Walmart expects to relocate employees in stages, beginning next year and ending around 2024, when work on the company’s “dream home” is completed. First up is demolition, infrastructure and utility construction at the 350-acre site, which
BENTONVILLE, Ark. — Walmart has introduced free next-day deliveries to shoppers in Phoenix, Las Vegas and Southern California, and the retailer said the service would reach approximately 75% of the U.S. population this year, including 40 of the nation’s 50 largest metropolitan areas. Walmart’s May 14 announcement came three weeks after Amazon said it intends
BENTONVILLE, Ark. — Walmart has transitioned two merchandising executives to new roles: Annie Walker was named the new vice president of merchandising operations for apparel at Walmart U.S., reporting to Kevin Pate, and Julie Barber was appointed the new vice president and divisional merchandise manager of O-T-C merchandising, reporting to Latriece Watkins. The transition, the
Already intense, the competition among mass market retailers for the allegiance of omnichannel shoppers is becoming more fierce. Not a week goes by without an announcement from a major retailer about how it intends to improve the customer experience. Although the idea that brick-and-mortar stores are passe and will slowly but surely whither away has
BENTONVILLE, Ark. — Walmart on Thursday reported first quarter net income of $3.84 billion as revenue rose 1% to $123.9 billion. U.S. same-store sales increased 3.4% in the 13 weeks ended April 30. That was the best performance by that metric in nine years, the company said. Net sales in the United States increased 3.3%.
BENTONVILLE, Ark. — Walmart will begin offering free next-day delivery in select markets this week, with more markets to be added later this year. The move will raise the stakes in its battle with online retailer Amazon.com, which said earlier this month that next-day shipping will soon become standard for members of its Prime membership
BENTONVILLE, Ark. — Building on its commitment to save customers time and money, Walmart in a number of states recently unveiled store opening and remodeling plans, including innovative features that will support e-commerce growth. Walmart expects to spend an estimated $145 million this year in California through the opening and remodeling of 21 stores, as
BENTONVILLE, Ark. — Walmart said Wednesday that it will offer reusable shopping bags at the checkout counters of all its U.S. stores as part of its campaign to cut down on plastic waste. The company will introduce 10 new designs of reusable totes, which will be available for purchase for 98 cents apiece at the
BENTONVILLE, Ark. — Walmart on Tuesday invited companies with American-made products to pitch them at its sixth annual Made in the USA Open Call event, scheduled for June 18 and 19. The retail giant urged interested suppliers to apply by April 30 at Walmart-jump.com for a chance to get face-to-face pitch meeting with a Walmart buyer