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
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
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
MINNEAPOLIS — Target Corp. has begun raising its minimum wage to $10 an hour, according to sources cited by Reuters. The discounter’s management has communicated the $1-per-hour raise to store managers, who have started telling employees about the increase. Most employees who earn less than $10 per hour should see their base pay rise next
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
BENTONVILLE, Ark. — Walmart announced that Tom Coughlin, a former No. 2 executive at the company and protege of founder Sam Walton, died on April 1 at age 66. Coughlin, a native of Cleveland, went to work at Walmart in 1978 as director of loss prevention. He held several leadership positions and was an instrumental
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
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
BRAINERD, Minn. — Former Walmart chief merchandising and marketing officer Duncan Mac Naughton assumes the role of CEO of Mills Fleet Farm, a Midwestern retailer with 35 stores in Wisconsin, Minnesota, Iowa and North Dakota. His appointment became effective Monday upon the completion of the retailer’s acquisition by the investment firm KKR. “I am honored
BENTONVILLE, Ark. — Walmart on Thursday said fourth quarter net income fell 7.9% to $4.5 billion. The company also lowered its outlook for the current quarter, in part due to the effects of a stronger dollar and the costs of recent store closings. Walmart said last month that it would close 269 stores globally, including
Walmart has begun closing stores, as the retailer had previously announced. Most of the closings involve the Express stores the company began opening over the past two years in the belief that it could more successfully compete with the likes of such small-store retailers as drug and dollar stores with convenience-oriented stores than the big
BENTONVILLE, Ark. — Walmart has tapped Andy Murray, who has served as its senior vice president of creative since August 2013, to serve as chief customer officer at the company’s Asda division in the United Kingdom, according to a Reuters news report. Murray replaces Barry Williams in the role, effective February 15. He will report