POY_1170x120_8-12-19

Doug McMillon

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

Walmart ‘moving with speed to win with customer’

BENTONVILLE, Ark. — The growing convergence of its physical and digital assets has put Walmart in the retail sector’s sweet spot, according to company executives. “We have good momentum in the business, we’re executing our strategy and moving with speed to win with the customer, who is more connected than ever and embracing tools that

Walmart eyes bigger piece of online sales pie

Walmart eyes bigger piece of online sales pie

BENTONVILLE, Ark. — Walmart expects that its U.S. online sales will grow 40% in its next fiscal year, which starts on Feb. 1. That forecast came ahead of the annual Walmart analysts meeting on Tuesday, during which the company announced plans to redesign its website, double its number of online grocery pickup locations (currently 1,000)

Walmart to retool U.S. business

BENTONVILLE, Ark. — Wal­mart is rolling out a new consolidation plan, putting in place a structure that improves communication and execution, streamlines decision making and accelerates the pace of change at the nation’s largest retailer. The new hierarchy will consolidate Walmart’s U.S. business to four divisions from six, each managed by a senior vice president

Walmart boosts aid for Hurricane Harvey

Walmart boosts aid for Hurricane Harvey

HOUSTON — In response to the devastation in the Texas Gulf Coast region, Walmart and the Walmart Foundation are donating up to $20 million to support Hurricane Harvey relief efforts. Walmart said Wednesda0y evening that its support includes $10 million for American Red Cross shelters and $2 million for the Hurricane Harvey Relief Fund at

Walmart sees sales edge up in second quarter

Walmart sees sales edge up in second quarter

BENTONVILLE, Ark. — Walmart reported its 12th consecutive quarter of same-store sales gains at its U.S. stores. The retail giant said Thursday that comparable-store sales for the second quarter rose 1.8% compared to a 1.6% increase in the same period of 2016. Comp sales at the Sam’s Club unit rose 1.2%, doubling the 0.6% growth

Walmart CEO scolds Trump over Charlottesville

Walmart CEO scolds Trump over Charlottesville

Add Walmart’s Doug McMillon to the list of chief executives concerned about President Donald Trump’s response to the violent protests in Charlottesville, Va. In a statement posted Tuesday on a Walmart website, McMillon wrote, “The role we play in communities around the country to build a more diverse and inclusive society is more critical than

Walmart sees sales climb in first quarter

Walmart sees sales climb in first quarter

BENTONVILLE, Ark. — Walmart reported strong first-quarter sales that included gains in its U.S. business, which got a lift from aggressive pricing that lured more shoppers into its stores. Store visits rose 1.5% in the quarter, a period in which many retailers saw fewer shoppers. Heavy discounting contributed to a slight decline in average basket

The leaders are there; who will stand out in chain drug?

The leaders are there; who will stand out in chain drug?

Going into the new year, several key personnel questions await answers, foremost among them the age-old problem of determining who, in 2017, will emerge as the most influential senior staffers at America’s drug chains. The determination is made more difficult by the fact that, as of this writing, Walgreens’ acquisition of Rite Aid remains unresolved.

Report: Walmart reorganizes executive ranks

Report: Walmart reorganizes executive ranks

BENTONVILLE, Ark. — Walmart reportedly is realigning its top management to have several executives oversee both online and in-store operations. Chief marketing officer Tony Rogers will now take on online and digital marketing efforts, including for Jet.com, according to an internal company memo cited by The Wall Street Journal. Jeremy King, head of the WalmartLabs