BENTONVILLE, Ark. — Sam’s Club chief executive officer John Furner is set to assume the high-profile role of CEO of Walmart U.S. on November 1. Furner is succeeding Greg Foran, who is leaving the company to return to his native New Zealand to lead Air New Zealand Ltd. Foran, who joined Walmart in 2011 and
BENTONVILLE — Walmart said Thursday that John Furner will become the president and chief executive officer of Walmart U.S., effective November 1. Furner, who currently serves as president and CEO of Sam’s Club, will succeed Greg Foran, who has led Walmart U.S. for five years. Foran is leaving Walmart to become CEO at Air New
BENTONVILLE, Ark. — Walmart demonstrated its appeal to American shoppers in the fourth quarter with solid same-store sales growth at Walmart U.S. and Sam’s Club. The better-than-expected fourth quarter financial results reflected strength across a range of product categories, including toys, home, seasonal, electronics and grocery. Digital sales were up 43% in the quarter and
BENTONVILLE, Ark. — The spotlight is shining on Walmart’s in-store pickup program with the retailer’s launch this week of a national advertising campaign to promote the fulfillment option. “[W]ith the service now available nationally and growing in both popularity and to even more locations this year, we’re kicking off 2019 with our biggest and first-ever
NEW YORK —Black Friday lived up to its reputation as the busiest shopping day of the year, according to the International Council of Shopping Centers, which estimates that about 151 million people visited a mall or shopping center over the weekend. “Black Friday kicked the holiday shopping season into high gear, driven by positive consumer
BENTONVILLE, Ark. — Walmart has hired healthcare industry veteran Sean Slovenski to serve as senior vice president of health and wellness at Walmart U.S., effective August 1. He will report directly to Walmart U.S. president and CEO Greg Foran. “Sean is a proven leader and entrepreneur with an established track record in defining and building
BENTONVILLE, Ark. — Walmart reported better-than-expected comparable store sales gains in the third quarter. The company’s online business was also strong, with net e-commerce sales increasing 50% in the quarter. “We are pleased with the strong results in the quarter across each of our business segments,” Walmart president and chief executive officer Doug McMillon said,
BENTONVILLE, Ark. — Walmart is streamlining its U.S. store operations in order to respond more quickly to change, according to published reports. The consolidation will reportedly organize retailer’s domestic store operations into four divisions, down from six. As part of the restructuring, Wal-Mart will also have 36 regional managers instead of 44, a source told
BENTONVILLE, Ark. — Walmart’s U.S. business accelerated in the fiscal fourth quarter, with domestic same-store sales posting their biggest increase since 2012. It was the 10th consecutive quarter of same-store sales growth for Walmart, which also said global e-commerce sales surged during in the three months ended January 31. Walmart said it earned $3.76 billion,
BENTONVILLE, Ark. — Walmart is realigning its top management at its Walmart U.S. and Sam’s Club units as the company moves to have several executives oversee both online and in-store operations. Doug McMillon, the company’s president and chief executive officer, said in a memo to employees that the moves were made to help Walmart become
BENTONVILLE, Ark. — Walmart surprised suppliers at its third “Made in the USA Open Call” event, promising that it would say yes to virtually every product pitched. “At a minimum, we’re putting every item pitched in open call on Walmart.com,” said Steve Bratspies, chief merchandising officer for Walmart U.S. The promise came during the opening
BENTONVILLE, Ark. — In October Charles Redfield was named executive vice president of food for Walmart U.S. Before that, he spent about three and a half years as executive vice president of merchandising for Sam’s Club, with sourcing and merchandising responsibility for the division’s more than 650 locations nationwide. It is for his work at