Tag Archives: Sam’s Club

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

Target Tabs PepsiCo’s Cornell as New Chief

Brian Cornell

MINNEAPOLIS-Target has named Brian Cornell, former CEO of PepsiCo Americas Foods, as its new chairman and CEO, succeeding Gregg Steinhafel, who left the mass merchant in May. Cornell will assume his new post on Aug. 12. According to a Target statement, his first priorities will be “accelerating the company’s performance and advancing Target’s omnichannel evolution.”More »

Last updated: July 31, 2014

Walmart Holding “Made in the USA” Event

Walmart

BENTONVILLE, Ark.-Walmart is holding its first-ever open call for “Made in the USA” products here today. The retailer is opening its doors to more than 500 manufacturers, who will meet with senior Walmart executives and merchants to pitch their products for the stores, Sam’s Club warehouse clubs and online. Among the product categories which willMore »

Last updated: July 8, 2014

Weather Knocks Walmart Q1

Walmart

BENTONVILLE, Ark.-The severe winter weather of early this year proved to be a major factor in the 5 percent drop in Walmart’s net income for the first-quarter ending April 30, which totaled $3.6 billion. In a conference call from Walmart’s management discussing the results this morning, Doug McMillon, Walmart’s president and CEO, said the “disruptive”More »

Last updated: May 15, 2014

McMillon Takes Command at Walmart

Doug McMillon

BENTONVILLE, Ark.-Doug McMillon has become the fifth president and CEO of Walmart Stores Inc., the parent company of Walmart U.S., Walmart International and Sam’s Club. McMillon, who had been president and CEO of Walmart International, was elected to head the world’s largest retailer by the company’s board in November. He officially began his new rolesMore »

Last updated: February 4, 2014

Walmart, Sam’s Club Q4 Comps, Company Earnings to Be Less Than Expected

Walmart

BENTONVILLE, Ark.-Same-store sales for both Walmart’s U.S. stores and for Sam’s Club are expected to be somewhat less than what the retailer said was expected of the quarter two months ago, according to a preliminary statement on the quarter from the retailer. In addition, earnings for the company as a whole will likely not meetMore »

Last updated: January 31, 2014

Sam’s Club to Lay Off 2,300

Sam’s Club

BENTONVILLE, Ark.-Sam’s Club plans to lay off about 2,300 associates, or about 2 percent of its total associate number, across its clubs. A time frame for the lay offs was not given. According to a statement from Bill Durling, who heads Sam’s Club’s corporate communications, the warehouse-club retailer and division of Walmart will conduct theMore »

Last updated: January 28, 2014