Tag Archives: Walmart

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

Walmart Preps for an August Cyber Monday

Walmart

BENTONVILLE, Ark.-Walmart is kicking off August with special back-to-school deals geared toward college students looking for top electronics, dorm décor and other school essentials. The mass retailer said its rollbacks and special buys are timed to the start of sales tax holidays in select states and at a time that data shows a spike inMore »

Last updated: August 1, 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

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

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

Van den Berghe Tabbed to Head Walmart Canada

Dirk Van den Berghe

MISSISSAUGA, Ontario-Walmart has appointed Dirk Van den Berghe as president and CEO of Walmart Canada. Van den Berghe will assume his new post on Aug. 1. He will report to Shelley Broader, who was recently named president and CEO of Walmart’s EMEA region, which encompasses the retailer’s operations in Europe, the Middle East, Africa andMore »

Last updated: June 23, 2014