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Walmart U.S. president and CEO John Furner

Walmart’s John Furner talks about retail’s future

Walmart’s John Furner talks about retail’s future

NEW YORK — When he was asked almost a year ago what pandemic-related changes in consumer behavior would likely stick around once things returned to normal, Walmart U.S. president and CEO John Furner said it was too soon to tell. So when National Retail Federation president and CEO Matthew Shay interviewed Furner on Monday, during

Walmart invests in drone services company

Walmart invests in drone services company

BENTONVILLE, Ark. — Walmart has invested in an on-demand drone services provider called DroneUp. “In our ongoing effort to get customers the items they want, and fast, we know it will take a well-coordinated network of delivery solutions that span the streets, sidewalks and skies,” Walmart U.S. president and CEO John Furner wrote in a

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.