Tag Archives: Walmart

Walmart Tabs McKenna as U.S. COO

Judith McKenna

BENTONVILLE, Ark.-Judith McKenna has been promoted to chief operating officer for Walmart U.S., succeeding Gisel Ruiz, who has been appointed executive vice president of Walmart’s International People Division. McKenna, previously chief development officer for Walmart U.S., continues to report to Greg Foran, Walmart U.S. president and CEO. She has been with the retailer for almostMore »

Last updated: December 10, 2014

Retail Scorecard: Small Appliances for Black Friday

Walmart

NEW YORK-Editor’s Note: Each Monday, HFN will publish the Housewares Retail Scorecard, a weekly tracker of retail advertising in key categories. This week’s Housewares Retail Scorecard focuses on Black Friday deals for small appliances. Walmart continued advertising its Black Friday deals, which include Black & Decker’s griddle and 12-cup programmable coffeemaker, both offered at $9.77;More »

Last updated: December 1, 2014

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

Walmart Lowers Expectations; to Accelerate E-Commerce Investments

Doug McMillon

BENTONVILLE, Ark.-Walmart lowered its sales forecast, along with announcing an increase in its e-commerce efforts at an investor meeting yesterday. Blaming an overall tough economy, Walmart said that it expects annual sales to increase between 2-3 percent. Previously, Walmart had forecast 3-5 percent growth. Investments in e-commerce and digital initiatives are expected to range betweenMore »

Last updated: October 16, 2014

Instagram’s Systrom Joins Walmart Board

Kevin Systrom

BENTONVILLE, Ark.-Walmart’s board of directors has appointed Kevin Systrom, co-founder and CEO of Instagram, to the board, effective Sept. 26. Systrom, who is the 15th member of the retailer’s board, also serves as a member of the company’s Technology and E-commerce Committee and its Compensation, Nominating and Governance Committee. Rob Walton, Walmart’s chairman, said Systrom’sMore »

Last updated: September 30, 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