December 6, 2017 by Chain Drug Review
Doug McMillon, Wal-Mart Stores, Walmart, Walmart's legal name change
Business, Retail News
BENTONVILLE, Ark. — The world’s largest retailer is officially changing its legal name from Wal-Mart Stores Inc. to Walmart Inc. Walmart said Wednesday that the change, which takes effect with the start of its new fiscal year on Feb. 1, is meant to reflect the company’s shift from an operator of stores to one that
November 16, 2017 by Chain Drug Review
Doug McMillon, Walmart, Walmart's third quarter
Business, Leading Headlines, Retail News
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
October 30, 2017 by Chain Drug Review
2018 NRF Foundation Gala, Doug McMillon, Matthew Shay, National Retail Federation, Walmart
Business, Retail News
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
October 23, 2017 by Mark Baumgartner and Chain Drug Review
Amazon.com, Doug McMillon, Google, Greg Foran, Jet.com, Marc Lore, Walmart, Walmart U.S. eCommerce
2017, Issue 10-23-2017, Issues, News
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
October 10, 2017 by Chain Drug Review
Doug McMillon, Jet.com, Walmart, Walmart analysts meeting
Business, Featured Articles, Leading Headlines, Retail News
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)
September 25, 2017 by Mark Baumgartner and Chain Drug Review
Doug McMillon, Walmart, Walmart’s U.S. stores
2017, Issue 09-25-2017, Issues, News
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
August 31, 2017 by Chain Drug Review
Doug McMillon, Hurricane Harvey, Sylvester Turner, Walmart, Walmart Foundation
Featured Articles, Leading Headlines, Retail News
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
August 17, 2017 by Chain Drug Review
Doug McMillon, Sam's Club, Walmart, Walmart U.S., Walmart.com
Business, Leading Headlines, Retail News
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
August 15, 2017 by CDR Blog and Chain Drug Review
Brian Krzanich, Doug McMillon, Kenneth Frazier, Kevin Plank, President Donald Trump, protests in Charlottesville, Walmart
CDR Blog
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
May 18, 2017 by Mark Baumgartner and Chain Drug Review
Doug McMillon, Sam's Club, Walmart, Walmart U.S.
Business, Retail News
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
February 21, 2017 by Chain Drug Review
Doug McMillon, Walmart, Walmart U.S.
Business, Retail News
BENTONVILLE, Ark. — Walmart’s U.S. business accelerated in the fiscal 2017 fourth quarter, with domestic same-store sales posting their biggest increase since 2012. The retail giant said Tuesday that Walmart U.S. same-store sales rose 1.8% year over year in the fourth quarter ended Jan. 31, with the gain fueled by a 1.4% uptick in traffic.
January 16, 2017 by David Pinto and Chain Drug Review
Albertsons, America’s drug chains, Bob Miller, CVS Health, David Pinto, Doug McMillon, George Riedl, Helena Foulkes, John Standley, Larry Merlo, Ornella Barra, Rite Aid, Stefano Pessina, Walgreens, Walgreens Boots Alliance, Walmart
2017, Issue 01-16-2017, Issues, Opinion
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.
January 13, 2017 by Chain Drug Review
Ashley Buchanan, Clay Johnson, Doug McMillon, Gisel Ruiz, Greg Foran, Jamie Iannone, Jeremy King, Jet.com, Marc Lore, Michael Bender, Sam's Club, Scott Hilton, Tony Rogers, Walmart
Business, Leading Headlines, Retail News
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
November 17, 2016 by Geoff Walden and Chain Drug Review
Doug McMillon, Greg Foran, Walmart, Walmart U.S., Walmart’s third quarter earnings
Business, Leading Headlines, Retail News
BENTONVILLE, Ark. — Walmart’s third quarter earnings beat analysts’ expectations, but its sales fell slightly short, dampened by food deflation and unfavorable foreign exchange rates. The company earned $3.03 billion, or 98 cents a share, during the quarter, down from $1.03 per share a year ago. Analysts, on average, had projected earnings of 96 cents