BENTONVILLE, Ark. — Walmart posted strong sales gains across its businesses in the first quarter, with demand driven by the COVID-19 outbreak. Unprecedented demand for products across multiple categories led to strong top-line results. But certain incremental costs negatively affected operating income, including costs associated with enhanced wages and benefits as well as safety and
BENTONVILLE, Ark. — Walmart announced plans to pay another round of cash bonuses to all hourly employees in the United States. The payments “recognize them for their many contributions to communities across the country during this unprecedented time,” the company said. Eligible for the cash payments are hourly workers in stores, clubs, the supply chain,
BENTONVILLE, Ark. — Walmart has launched a new service, called Express Delivery, that promises to let consumers order from a wide range of products and have them delivered to their doors in less than two hours. Walmart said Thursday that it had accelerated the development of the service in the wake of the Coronavirus pandemic.
LONDON — Internet giants Amazon.com and Alibaba top the this year’s BrandZ ranking of the “75 Most Valuable Global Retail Brands,” which was released Thursday by Kantar and WPP. The report, which was launched in conjuction with the World Retail Congress, found that the value of the world’s top 75 retail brands has grown 12% —
BENTONVILLE, Ark. – Walmart is partnering with Nextdoor, a social network for neighborhoods, to make it easier for neighbors to help one another during the coronavirus pandemic. The partners on Thursday announced the launch of Neighbors Helping Neighbors, a program that facilitates Nextdoor members in either asking for help or offering help in shopping for
BENTONVILLE, Ark. — Walmart has tapped William White, who has been serving as senior vice president of marketing at Target Corp., to be its new chief marketing officer. The CMO position at Walmart has been vacant since Barbara Messing left the company last August. White’s appointment was announced in an email to employees from Walmart
BENTONVILLE, Ark. — Jody Pinson, one of the most respected faces in mass market beauty retailing, has retired after 30 years at Walmart. Pinson held myriad positions through the years at Walmart, from tagging apparel in a warehouse to participation in the management training program. She was promoted to a buyer role in 1999 and
BENTONVILLE, Ark.— Jody Pinson, one of the most respected faces in mass market beauty retailing, retired last Friday (April 3) after 30 years at Walmart. Pinson says she plans to travel with her husband Greg. Pinson, who graduated with a degree in accounting from the University of Arkansas, held myriad positions through the years at
BENTONVILLE, Ark. — Walmart is taking a number of steps to protect the health of its associates who are working during the COVID-19 pandemic, company executives said Tuesday. In a corporate blog post, Walmart U.S. president and CEO John Furner and Sam’s Club president and CEO, Kath McLay detailed the steps the retailer is taking:
BENTONVILLE, Ark. — Walmart has unveiled its own fiscal stimulus package, in the form of cash bonuses for all of its U.S. hourly associates. Walmart said Wednesday that the bonus of $300 for full-time hourly associates and $150 for part-time hourly associates will be paid to hourly associates in stores, clubs, supply chain and offices.
BENTONVILLE, Ark. — To help meet the critical needs resulting from the global COVID-19 pandemic, Walmart and the Walmart Foundation have committed $25 million to support organizations on the front lines responding to the outbreak. “In times of need, we see communities come together to do extraordinary things. This pandemic is no different,” said Kathleen McLaughlin,
BENTONVILLE, Ark. — Walmart has been testing its own membership program to compete with Amazon Prime, according to published reports. Called Walmart+, the program could launch as soon as next month. The move is seen as a recognition of how effective the Amazon Prime membership program, which debuted in 2005, has been in fueling customer