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Doug McMillon

Walmart wraps up shareholders’ week

Walmart wraps up shareholders’ week

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 names Kumar chief technology officer

Walmart names Kumar chief technology officer

BENTONVILLE, Ark. — Walmart has appointed 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. Suresh Kumar Kumar brings more than 25 years of technology leadership experience — including executive positions at Google, Microsoft, Amazon and IBM

Walmart posts strong revenue growth for Q4

Walmart posts strong revenue growth for Q4

BENTONVILLE, Ark. — Walmart on Tuesday reported robust profit and revenue figures for the holiday quarter, citing strength across a range of product categories and a 43% surge in digital sales. Revenue was up 1.9% to $138.8 billion in the fiscal fourth quarter. Excluding currency fluctuations, year-on-year revenue growth was 4.2%. Walmart U.S. posted its

Walmart’s earnings rise as e-commerce sales jump 40%

Walmart’s earnings rise as e-commerce sales jump 40%

BENTONVILLE, Ark. — Walmart on Thursday reported fiscal second quarter earnings and sales that topped analysts’ forecasts, as digital sales ticked higher and more shoppers visited its stores and spent more per visit. Same-store sales in the United States increased 4.5%, the retailer’s strongest comp growth in more than a decade. Sales were particularly vigorous

Walmart closes out fiscal 2018 on strong note

Walmart closes out fiscal 2018 on strong note

BENTONVLLE, Ark. — Walmart saw sales rise for its 2018 fourth quarter and fiscal year, fueled by gains across its key divisions as well as robust e-commerce growth. Walmart on Tuesday reported $136.3 billion in revenue in its fourth quarter, an increase of 4.1% from a year earlier. Walmart’s fiscal 2018 sales totaled $500.3 billion,

Walmart partners with e-tailer Rakuten

Walmart partners with e-tailer Rakuten

BENTONVILLE, Ark. — Walmart has formed an alliance with Rakuten Inc., Japan’s largest online retailer. The Walmart-Rakuten partnership — designed to leverages each company’s strengths and assets to expand consumer reach and enhance the way customers are served in Japan and the United States — was announced Thursday night after Walmart president and chief executive

Walmart tabs Judith McKenna to lead international business

Walmart tabs Judith McKenna to lead international business

BENTONVILLE, Ark. — Walmart has promoted Judith McKenna, executive vice president and chief operating officer for Walmart U.S., to president and chief executive officer of Walmart International. The retail giant said Wednesday that McKenna will assume the new role on Feb. 1, succeeding David Cheesewright, who has led the international division — Walmart’s second-largest operating unit —

CVS’ Helena Foulkes to speak at NRF ‘Big Show’

CVS’ Helena Foulkes to speak at NRF ‘Big Show’

WASHINGTON — CVS Health’s Helena Foulkes has been tabbed as one of the keynote speakers at the National Retail Federation’s 2018 annual convention in Manhattan. Foulkes, executive vice president of CVS Health and president of CVS Pharmacy, will address the theme “empowering customers to make everyday health care better” in her presentation, scheduled for Jan.

Walmart sees online sales boost in 3Q

Walmart sees online sales boost in 3Q

BENTONVILLE, Ark. — Walmart reported better-than-expected comparable store sales gains in the third quarter. Walmart’s third quarter also include a strong performance by its online business, with net e-commerce sales increasing 50% in the quarter. “We are pleased with the strong results in the quarter across each of our business segments,” Walmart president and chief

NRF to honor Walmart’s Doug McMillon as ‘Visionary’

NRF to honor Walmart’s Doug McMillon as ‘Visionary’

WASHINGTON — The National Retail Federation will recognize Walmart president and chief executive officer Doug McMillon as “The Visionary,” an annual award honoring outstanding retail industry leaders The award will be presented to McMillon at the 2018 NRF Foundation Gala on Jan. 14 in New York City. “From risk-taking acquisitions like Jet.com to investing in

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