BENTONVILLE, Ark. — More than 1,100 businesses from across the country pitched their products made, grown or assembled in the United States to Walmart and Sam’s Club merchants at Walmart’s ninth annual Open Call on June 30. Preliminary results indicate that more than 330 of those pitches resulted in a deal for businesses to sell
BENTONVILLE, Ark. — Walmart wrapped up its 2022 fiscal year on a resoundingly strong note, beating Wall Street’s expectations for fourth-quarter adjusted earnings, revenues and same-store sales. The flagship Walmart U.S. division, moreover, topped $100 billion in quarterly sales for the first time. “We had another strong quarter to finish off a strong year,” said
BENTONVILLE, Ark. – Walmart continued to gain share of the U.S. grocery market in its second quarter, driven in part by growth in its nearly year-old Walmart+ membership program. A strong start to the back-to-school shopping season also helped lift comps at its U.S. stores, the company reported today. Walmart raised its forecast for fiscal
BENTONVILLE, Ark. — Walmart on Tuesday reported first-quarter sales and earnings that handily beat expectations. Comp sales for the company’s Walmart U.S. division increased 6.0% with market share gains in grocery and operating income increased 26.8%. Walmart U.S. e-commerce sales grew 37% with strong results across all channels, contributing approximately 360 basis points to comp
BENTONVILLE, Ark. — Walmart’s comp-store sales in its U.S. division grew 6.4% in the third quarter, with gains across such key categories as general merchandise, health & wellness and food. Walmart U.S. eCommerce sales increased by 79% with strong results across all channels and contributed approximately 570 basis points to comp sales. Walmart’s total revenue
BENTONVILLE, Ark. — Walmart plans to address the climate crisis by having zero emissions across its global operations by 2040, the company said Monday. Walmart and the Walmart Foundation are also committing to help protect, manage or restore at least 50 million acres of land and one million square miles of ocean by 2030 to
In a recent video marking the first anniversary of the Business Roundtable’s adoption of a revised statement of purpose for a corporation, Walmart CEO Doug McMillon spoke about how the new definition — which was expanded from a tight focus on shareholders to one that also includes customers, employees, suppliers and communities — reflects the
BENTONVILLE, Ark. — Walmart’s second-quarter results beat Wall Street estimates, as the continued impact of the COVID-19 pandemic drove sales gains. Comp-store sales were up 9.3% for the quarter, led by strength in general merchandise and food. Walmart U.S. e-commerce sales grew 97% with strong results across all channels. Total revenue for the quarter was
BENTONVILLE, Ark. – Walmart made it official on Wednesday: Shoppers in Walmart and Sam’s Club outlets will be required to wear face coverings, effective July 20. “While we’re certainly not the first business to require face coverings, we know this is a simple step everyone can take for their safety and the safety of others
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 — Walmart said Thursday that John Furner will become the president and chief executive officer of Walmart U.S., effective November 1. John Furner Furner, who currently serves as president and CEO of Sam’s Club, will succeed Greg Foran, who has led Walmart U.S. for five years. Foran is leaving Walmart to become CEO at
NEW YORK — With mass shootings becoming an all too frequent occurrence in American life, the debate over gun control continues to be a hot-button topic for the nation. As many politicians, including presidential candidates, as well as a growing number of citizens, call for tighter gun control measures, many retailers are adhering to the
When Sam Walton opened the first Walmart store in Rogers, Ark., in 1962, he set in motion an enterprise that fundamentally transformed the way Americans shop, giving them convenient access to high-quality consumer products at the lowest possible price. Now, 57 years later, the company has embarked on a pilot test to apply the principles
WASHINGTON – The Business Roundtable on Thursday tapped Walmart president and chief executive Doug McMillon to serve as its next chairman. He will serve a two-year term starting January 1. McMillon will succeed Jamie Dimon, chairman and CEO of JPMorgan Chase, as chairman of the association of corporate chief executive officers, which aims to promote
