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Walmart

Walmart on the move

Walmart on the move

BENTONVILLE, Ark. — Walmart is taking aggressive action on a number of fronts. Earlier this month the giant retailer tweaked its free delivery test program to more directly challenge Amazon.com Inc., filed suit against Visa Inc. over the card issuer’s policies regarding debit card transactions, and announced that it is bringing back greeters to all

Walmart ‘listening to customer’

NATIONAL HARBOR, Md. — At Walmart, the customer is the boss and the key to the retailer’s success, senior vice president of global consumer insights and analytics Matt Kistler told attendees at last month’s IRI Growth Summit 2016 here. “The size and scale of Walmart means that we serve a lot of customers, and 260

Walmart first quarter results beat expectations

Walmart first quarter results beat expectations

BENTONVILLE, Ark. — Walmart reported better-than-expected results for the first quarter, with earnings-per-share and comp-store-sales figures that exceeded the company’s guidance. Walmart’s earnings per share (EPS) for the quarter were 98 cents.  According to Thomson Reuters I/B/E/S, analysts had estimated the company’s EPS would come in at 88 cents. Comparable store sales for Walmart U.S.

Walmart, McKesson add generics to drug distribution pact

Walmart, McKesson add generics to drug distribution pact

BENTONVILLE, Ark. — Walmart and McKesson Corp. have expanded their long-term pharmaceutical distribution pact, including a new sourcing agreement for generic drugs. McKesson and Walmart said Monday that the expanded relationship is “a natural next step.” The companies will collaborate on sourcing generics for their U.S. operations, a move that they said will add scale

Walmart repositions board of directors

Walmart repositions board of directors

BENTONVILLE, Ark. — Walmart has reshaped its board of directors as the company pushes ahead with its strategic plans. Walmart said late Wednesday that going forward its board will have 12 members, down from the current 15. Plans call for current directors Aida Alvarez, Roger Corbett, Mike Duke and Jim Walton to not stand for

Walmart joins wellness payment services network

Walmart joins wellness payment services network

ATLANTA — Walmart has joined the network of retailers accepting InComm Healthcare and Affinity’s Enhanced Payment Platform, thus allowing members of more than 90 health plans with cards issued by IHA to participate in health plan-sponsored wellness programs and receive benefits at Walmart locations nationwide. “The addition of Walmart to our network of retailers is

Supreme Court declines to hear Walmart appeal

Supreme Court declines to hear Walmart appeal

WASHINGTON — The U.S. Supreme Court on Monday rejected Walmart’s challenge of a class-action judgment against the company. Walmart was seeking to overturn a $187 million judgment over its treatment of workers in Pennsylvania between 1998 and 2006, whose suit alleged Walmart failed to pay them for all hours worked and denied them from taking

Retailer of the Year honorees receive awards

Retailer of the Year honorees receive awards

NEW YORK — Racher Press Inc., the publisher of  Mass Market Retailers and Chain Drug Review, presented its 2015 Retailer of the Year awards last evening in New York City. The annual event drew retailer and supplier executives from across the food, drug and mass channel to a ballroom at the new headquarters of Time

Walmart names health and wellness VP

Walmart names health and wellness VP

BENTONVILLE, Ark. — Marcus Osborne has been appointed as vice president of health and wellness transformation at Walmart. Walmart confirmed Osborne’s promotion on Wednesday. He previously served as vice president of health and wellness payer relations. In his new role, Osborne will focus on driving the strategic vision, business development and key initiatives for the