BENTONVILLE, Ark. — Walmart reported decreased net earnings for its fiscal 2016 fourth quarter and full year, with adjusted earnings per share above Wall Street’s consensus forecast. The retail giant said Thursday that for the fourth quarter ended Jan. 31., net income fell 7.9% to $4.57 billion, or $1.43 per diluted share, from $4.97 billion,
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.
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
PLANO, Texas — Former Walmart U.S. chief merchant Duncan Mac Naughton has joined the board of directors at Crossmark. The sales and marketing services firm said Wednesday that Mac Naughton brings substantial retail merchandising experience to the Crossmark board. Most recently, Mac Naughton served as executive vice president and chief merchandising officer for Walmart U.S.,
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
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
