Walmart tabs chief tech officer

BENTONVILLE, Ark. — Wal­mart in recent weeks announced the hiring of two technology executives, including Suresh Kumar, a former Google vice president who is set to become chief technology officer and chief development officer on July 8. Walmart also said it had hired Scott Eckert to run its investment arm and startup incubator known as

McMillon equal to the occasion

Walmart held the series of events that comprise its annual meeting earlier this month on its home turf in northwest Arkansas, and, according to a well-established pattern, the occasion afforded the company the opportunity to celebrate its accomplishments, recognize its workforce and look to the future. Walmart’s eminence as the world’s biggest retailer has long

Walmart reaches agreements with DOJ and SEC

Walmart reaches agreements with DOJ and SEC

BENTONVILLE, Ark. — Walmart agreed to pay $282 million to settle federal allegations of overseas corruption, capping one of the biggest investigations ever under the Foreign Corrupt Practices Act, which makes it illegal for American corporations to bribe overseas officials. The company said Thursday it had entered into a global settlement with the U.S. Department

Annual meeting celebrates Walmart’s momentum

Annual meeting celebrates Walmart’s momentum

FAYETTEVILLE, Ark. — Walmart wrapped up its annual shareholders’ week activities on Friday with a celebration of the company’s associates as “extraordinary people doing extraordinary things.” Brett Biggs, executive vice president and chief financial officer, credited Walmart’s 2.2 million associates worldwide with helping fulfill founder Sam Walton’s vision for Walmart as a merchant serving the

Walmart taps Kumar as technology chief

Walmart taps Kumar as technology chief

BENTONVILLE, Ark — Walmart has named tech industry veteran Suresh Kumar to a new chief technology officer and chief development officer role position, reporting directly to president and chief executive officer Doug McMillon. Kumar brings more than 25 years of technology leadership experience — including executive positions at Google, Microsoft, Amazon and IBM — to

Walmart unveils site plan for new campus

Walmart unveils site plan for new campus

BENTONVILLE, Ark. — Walmart officials said work on a new corporate campus is set to begin here in July. Walmart expects to relocate employees in stages, beginning next year and ending around 2024, when work on the company’s “dream home” is completed. First up is demolition, infrastructure and utility construction at the 350-acre site, which

Walmart strikes back

BENTONVILLE, Ark. — Wal­mart has introduced free next-day deliveries to shoppers in Phoenix, Las Vegas and Southern California, and the retailer said the service would reach approximately 75% of the U.S. population this year, including 40 of the nation’s 50 largest metropolitan areas. Walmart’s May 14 announcement came three weeks after Amazon said it intends

Barber to oversee O-T-Cs at Walmart

BENTONVILLE, Ark. — Walmart has transitioned two merchandising executives to new roles: Annie Walker was named the new vice president of merchandising operations for apparel at Walmart U.S., reporting to Kevin Pate, and Julie Barber was appointed the new vice president and divisional merchandise manager of O-T-C merchandising, reporting to Latriece Watkins. The transition, the

Seismic changes recast retail

Already intense, the competition among mass market retailers for the allegiance of omnichannel shoppers is becoming more fierce. Not a week goes by without an announcement from a major retailer about how it intends to improve the customer experience. Although the idea that brick-and-mortar stores are passe and will slowly but surely whither away has

Walmart stores get modernized

BENTONVILLE, Ark. — Building on its commitment to save customers time and money, Walmart in a number of states recently unveiled store opening and remodeling plans, including innovative features that will support e-commerce growth. Walmart expects to spend an estimated $145 million this year in California through the opening and remodeling of 21 stores, as

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