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Greg Foran

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

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

Walmart 3Q earnings top Wall Street’s forecast

Walmart 3Q earnings top Wall Street’s forecast

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

Walmart’s McMillon: ‘Our mission is clear’

Walmart’s McMillon: ‘Our mission is clear’

FAYETTEVILLE, Ark. — Walmart used its 2016 shareholders meeting to drive home the message that the customer is boss and the key to the retailer’s ability to grow. “Our mission is clear,” Doug McMillon, Walmart’s president and chief executive officer, said at the June 3 Walmart annual shareholders meeting. “We save customers money so they

Rogers succeeds Quinn as Walmart marketing chief

BENTONVILLE, Ark. — Walmart has named a new chief marketing officer to take the place of the outgoing Stephen Quinn. As of this month, Tony Rogers will return to the company’s Bentonville headquarters from China, where he has served as Walmart’s chief marketing officer for the past two years ­managing traditional, digital and social media

Walmart names Rogers chief marketing officer

Walmart names Rogers chief marketing officer

BENTONVILLE, Ark. — Tony Rogers reportedly has been appointed as chief marketing officer at Walmart. Published reports said Friday that Rogers, a 10-year company veteran who has been CMO of Walmart China for the past two years, succeeds Stephen Quinn, who is retiring. Plans call for Rogers to start his new job in mid-January. Quinn

Bratspies named chief merchant at Walmart

BENTONVILLE, Ark. — Walmart named new head merchants for its Walmart U.S. and Sam’s Club divisions, and designated a successor to its chief financial officer, who is retiring. Steve Bratspies, who most recently served as executive vice president of food for Walmart U.S., has taken the reins as chief merchandising officer of the division. In

Walmart names new chief merchant for U.S. stores

Walmart names new chief merchant for U.S. stores

BENTONVILLE, Ark. — Walmart has promoted Steve Bratspies to chief merchandising officer for Walmart U.S., the retail giant’s largest business unit. Bratspies currently serves as executive vice president of food for Walmart U.S. The company said Friday that Bratspies is slated to take the reins as chief merchandising officer for U.S. stores on Oct. 19.

Walmart, Fred’s cite Rx headwinds for profit squeeze

NEW YORK — The world’s biggest retailer and a regional discount chain have attributed pressure on profits to trends in the prescription drug business. Walmart and Memphis, Tenn.-based Fred’s Inc. said lower pharmacy margins had eaten into second quarter earnings and pointed to lower reimbursements and a drop in cash customers as a result of

Walmart: ‘Our people make the difference’

FAYETTEVILLE, Ark. — The spotlight was on Walmart’s workers, or associates, at the company’s annual shareholders meeting early this month here. Walmart president and chief executive officer Doug McMillon, speaking before a crowd of 14,000 at the Bud Walton arena, told associates that “you are our heros,” and said they would be the key to

First-quarter results portend challenging year

First-quarter results portend challenging year

The fiscal first quarter of 2015 is in the books for many of the largest retailers, and the results tend to bear out the idea that the current year will be one of struggle and uncertainty despite signs that the economy is rebounding from the recession that plagued it so sorely in recent years. The

Walmart U.S. shifts store executives

BENTONVILLE, Ark. — Walmart has made changes in its U.S. stores division’s management team that the company says are designed to streamline the leadership structure of the business. Mike Moore, who has been serving as executive vice president of Neighborhood Markets at Walmart U.S., will assume responsibility for Walmart’s more than 3,400 domestic Supercenters as

McKenna becomes COO at Walmart

BENTONVILLE, Ark. — Walmart continued to reorganize its senior management lineup as 2014 came to a close, with the mid-December promotion of longtime company executive Judith McKenna to the post of chief operating officer for Walmart U.S. McKenna, who has been with Walmart for almost 20 years and most recently served as chief development officer