BENTONVILLE, Ark. — Walmart on Wednesday detailed investments in new and remodeled stores that it says will create new jobs while offering an improved shopping experience for its customers. The planned expansion of its brick-and-mortar presence marks a change in direction for the retailer, which has not added to its U.S. store count in recent
GRAPEVINE, Texas — Shoplifting and other retail crime has become a topic of concern for consumers as well as retailers themselves, according to a recent survey conducted for the National Retail Federation (NRF). More than half (53%) of consumers believe retail crimes such as shoplifting and looting stores have increased in their community since the
WASHINGTON – Walmart U.S. president and CEO John Furner has been elected chairman of the National Retail Federation’s board of directors. Furner replaces former Qurate Retail, Inc. President and CEO Mike George, who has served in the role since 2020. “We are grateful to Mike George for his exceptional leadership as chairman of NRF over
BENTONVILLE, Ark. — Walmart announced this week that it will be issuing a new pay hike and around 565,000 employees will benefit from it. John Furner, Walmart’s US president and chief executive officer, announced the news to its workforce through a memo. It stated that starting Sept. 25, staff associates working in the company’s
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
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
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.