Tag Archives: Greg Foran

Walmart Realigns U.S. Merchandising

Greg Foran

BENTONVILLE, Ark.-In the wake of the departure of Duncan Mac Naughton, former Walmart U.S. chief merchandising officer, Walmart U.S. is revamping its merchandising organization, according to a memo obtained by HFN. In the memo, Greg Foran, Walmart U.S.’ president and CEO, said, “Duncan’s departure has allowed me to relook at our merchandising structure and theMore »

Last updated: November 26, 2014

Walmart Net Slips in Q3; U.S. Comps Edge Up

Walmart

BENTONVILLE, Ark.-Rising expenses offset a gain in overall sales to reduce Walmart’s third-quarter net income by 0.6 percent, to $3.7 billion. Net sales for Walmart as a whole totaled $118.1 billion, up 2.8 percent from last year’s third quarter. Included in the overall figure were a 0.5 percent gain in same-store sales for Walmart U.S.More »

Last updated: November 13, 2014

Great Expectations

Duke_Ratliff

Pity the home furnishings industry exec on a long summer vacation—he or she will return to work with a whole new landscape of retail leaders. For those keeping score at home (along with the imaginary, anachronistic exec who could actually take vacation all summer), here’s a brief rundown on the recent CEO shuffle: Target namedMore »

Last updated: August 28, 2014

Walmart Q2 Net Up 0.6 Percent as Sales Gain

Walmart

BENTONVILLE, Ark.-A modest gain in sales helped Walmart to an even more modest 0.6 percent increase in its second-quarter net income, which totaled $119.3 billion. Net sales in the quarter, which ended on July 31, reached $119.3 billion, which included flat same-store sales from both Walmart’s U.S. stores and from Sam’s Club warehouses. In addition,More »

Last updated: August 14, 2014

Walmart to Host Second U.S. Manufacturing Summit

Walmart

BENTONVILLE, Ark.-Walmart will hold a second summit on U.S. manufacturing on Aug. 14-15 in Denver. In January 2013, the retailer said its goal is to purchase $50 billion more of U.S.-made products over the next decade. The retailer held its first U.S. manufacturing summit in August of last year in Orlando, Fla., hosting almost 1,500More »

Last updated: August 5, 2014

Foran to Succeed Simon as Walmart U.S. Chief

Greg Foran

BENTONVILLE, Ark.-Greg Foran has been promoted to president and CEO of Walmart U.S. Foran will succeed Bill Simon, who had been in this role since June 2010. Foran, who had been named president and CEO of Walmart Asia earlier this year, will report to Doug McMillon, the parent company’s president and CEO. He starts inMore »

Last updated: July 24, 2014