by - June 4, 2019 10:04 am
Walmart expands education benefits to employees
Walmart is often beaten up in the media for being “big business” making profits on the back of its hourly workforce, but the retail giant is working hard to change…
Tag: Walmart
by - May 17, 2019 11:01 am
Initial construction will start this summer on new Walmart corporate campus
Retail giant Walmart Inc. has released additional details about its much-discussed new corporate campus in Bentonville and the first visible signs are imminent of what will arguably be the largest-ever…
by - May 13, 2019 4:59 pm
Walmart expected to report leaner profits, despite modest revenue growth
Retail behemoth Walmart Inc. will report first-quarter earnings Thursday (May 16) before the opening bell. Wall Street anticipates net income of $2.925 billion for the quarter ending April 30, or…
by - March 4, 2019 5:56 pm
Walmart hires new chief antitrust counsel
Walmart announced a new addition to its legal team for the role of chief antitrust counsel being filled by Suzanne Wachsstock, effective March 4. Wachsstock joins Walmart from American Express,…
by - February 28, 2019 3:44 pm
Walmart supplier summit focused on winning at omnichannel growth
Walmart executives believe winning at omnichannel is the retail giant’s best chance for continued success. That was a central theme at Walmart’s recent Supplier Summit held in Rogers Tuesday and…
by - February 26, 2019 1:07 pm
Walmart asking suppliers to help company reduce plastic waste in packaging
Walmart set a new goal to reduce plastic waste in packaging and is asking its suppliers to join the effort. By 2025, Walmart said 100% of its private brand packaging…
by - February 19, 2019 12:42 pm
Walmart full-year revenue up 2.9%, net income falls more than 30%
Gains in holiday sales helped boost Walmart revenue in the 2019 fiscal fourth quarter, and for the fiscal year ending Jan. 31. Quarterly revenue for the Bentonville-based retail giant rose…
by - February 14, 2019 5:30 pm
Walmart expected to see 9% annual profit growth with sales topping $514 billion
Walmart is expected to report solid fourth-quarter and fiscal year gains behind robust holiday sales ahead of the government shutdown which could have some impact on the last part of…
by - January 18, 2019 7:30 pm
Walmart and CVS ink deal, resolve pricing dispute
Walmart and CVS Health reported Friday (Jan. 18) the two companies have reached an agreement that allows Walmart to remain part of the CVS Caremark prescription benefits management group. This…
by - December 15, 2018 11:22 am
Jay Jorgensen, Walmart’s global chief ethics and compliance officer, to exit the company in January
Jay Jorgensen, global chief ethics and compliance officer for Walmart Inc. since 2012, is leaving the company effective Jan. 31. Daniel Trujillo, who has served as senior vice president and…
by - December 14, 2018 3:05 pm
Mike Moore, head of Walmart Supercenters, announces retirement
Walmart U.S. CEO Greg Foran announced major changes Friday (Dec. 14) to the company’s operations team. In an internal memo sent to employees, Foran said Mike Moore, executive vice president…
by - December 6, 2018 8:33 pm
Walmart to acquire Art.com aiming to grow share of $10 billion wall decor market
Walmart’s shopping spree continues with the latest purchase of Art.com, a startup founded in 1998, and now the largest online art and wall decor retailer with more than two million…
by - October 16, 2018 4:39 pm
Walmart to add more brands and online offerings to invest for long-term growth
Wall Street analysts heard from Walmart executives on Tuesday (Oct. 16) about their plans to build out the company’s ecosystem and capture opportunities for long-term growth. But, the retail execs…
by - October 15, 2018 6:07 pm
Analysts bullish on Walmart growth, praise e-commerce moves
Walmart has held its own against retail competitors this year in terms of growing sales and investing for the future. But Walmart shares have lagged competitors, and is down 4.5%…
by - August 18, 2018 1:10 pm
Walmart closes $16 billion deal for Flipkart
Walmart has completed its largest acquisition in company history in terms of price — $16 billion — for Indian startup Flipkart. The Bentonville-based retail giant announced Saturday (Aug. 18) the…
by - June 17, 2018 2:15 pm
Kantar: Walmart top global retailer, revenue nearly three times that of Amazon
Amazon may be the darling of Wall Street but the technology company and online retailer remains a distance second to Bentonville-based Walmart when it comes to overall revenue, according to…
by - June 3, 2018 6:30 pm
Walmart execs defend Flipkart deal, Sam’s Club closures; talk supercenter potential
Walmart CEO Doug McMillon and his top management team on Friday were asked repeatedly by equity analysts about the recent $16 billion investment for a 77% majority stake in Indian…
by - May 17, 2018 6:49 am
Walmart first quarter revenue up 4.4%, e-commerce sales rise 33%
Fiscal first quarter revenue and earnings per share for Walmart Inc. beat the consensus estimates, although acquisitions and investment in e-commerce initiatives made by the global retail giant continue to…
by - February 13, 2018 8:10 pm
Walmart claims to be more Millennial than Amazon, seeking higher online prices
Walmart officials recently told suppliers at its annual growth summit held near its home base in Bentonville the retail giant is winning favor with Millennials, claiming its online business and…
by - February 10, 2018 8:20 am
Walmart taps Justice Department’s Rachel Brand as its corporate secretary, compliance officer
Walmart announced late Friday Rachel Brand will join the company as executive vice president, global governance and corporate secretary. Brand will report to CEO Doug McMillon and is replacing Jeff…