BENTONVILLE, Ark. — Walmart reported sales of $141.7 billion for the fourth quarter of fiscal 2020, an increase of $12.9 billion, or about 2.1%, over the prior year period. Earnings and sales fell short of analysts expectations, however, and Walmart said that holiday sales were softer than expected. Walmart president and CEO Doug McMillon said
BENTONVILLE, Ark. — Walmart is planning to highlight the appeal of its grocery pickup service with its first Super Bowl ad. “What better way to show off the out-of-this-world convenience of Walmart’s Pickup service than the biggest television event of the year?” Janey Whiteside, executive vice president Walmart Chief Customer Officer asked in a post
BENTONVILLE, Ark. — Walmart is making changes to its executive team after the 2019 holiday season. The retailer announced earlier this month that chief merchant Steve Bratspies is leaving the company. Bratspies has been the company’s chief merchandising officer for more than four years, a key role that oversees product selection and pricing in its
BENTONVILLE, Ark. — David Glass, who served as Walmart president and CEO from 1988 to 2000 and owned the Kansas City Royals before selling the franchise last fall, has passed away at age 84. Glass died January 9 from complications associated with pneumonia, according to the Glass family, which is organizing a public “Celebration of
BENTONVILLE, Ark. — Walmart said on Friday that chief merchant Steve Bratspies is leaving the company. Bratspies has been the company’s chief merchandising officer for more than four years, a key role that oversees product selection and pricing in its U.S. stores, according to the company. He will be replaced by Scott McCall, another company
BENTONVILLE, Ark. — Recognizing the dramatically changing mass retailing marketplace, the editors of Mass Market Retailers have selected Walmart as the initial recipient of the publication’s newly created award for the most outstanding U.S. omnichannel retailer. The designation of Walmart, the world’s largest retailer, for this recognition was not a difficult decision. In 2019, the
CINCINNATI — Procter & Gamble Co.’s Always feminine hygiene brand and partners including Walmart have renewed the #EndPeriodPoverty campaign to help girls grow in confidence and reach their full potential. The partners want to triple the number of feminine care products donated “so no girl misses out on the confidence-building activities she loves because of
NEW YORK— Walmart continued its dominance among retailers in the 2019 Kantar U.S. PoweRanking report, taking the No. 1 position for the 23rd year in a row. Among brand manufacturers, PepsiCo Inc. took the top spot for the fourth year in a row. The PoweRanking survey originated from Kantar’s industry benchmarking studies on category management
NEW YORK — Mass Market Retailers on Tuesday evening honored the outstanding executives who were chosen as the publication’s Six Who Made a Difference in 2019. On hand to receive awards were the following executives: Brian Eason, Vice President of Consumer Health and Wellness, CVS Health. Lori Flees, Senior Vice President of Health and Wellness,
BENTONVILLE, Ark. — Walmart has promoted Kathryn McLay to lead Sam’s Club as the division’s new president and chief executive officer. McLay succeeds John Furner, who was elevated last month to the role of president and CEO of Walmart’s U.S. division. McLay’s promotion comes less than a year after she was named executive vice president
BENTONVILLE, Ark. — Walmart has promoted Kathryn McLay to lead Sam’s Club as the division’s new president and chief executive officer. McLay succeeds John Furner, who was elevated last month to the role of president and CEO of Walmart’s U.S. division. McLay’s promotion comes less than a year after she was named executive vice president
BENTONVILLE, Ark. — Walmart on Thursday said its third-quarter revenue rose 2.5% to $128 billion on strong sales at its U.S. stores and websites. U.S. comparable sales increased 3.2%, extending a four-year streak of quarterly gains. U.S. e-commerce sales increased 41%, driven by gains in Walmart’s grocery business, which is gaining competitiveness thanks to the