Tag Archives: Walmart

Penner Named Walmart Board Vice Chairman

Greg Penner

BENTONVILLE, Ark.-Walmart’s board of directors has appointed Greg Penner vice chairman of the board, a newly created, non-executive position. Penner, general partner of investment management firm Madrone Capital Partners, has served on Walmart’s board since 2008. Prior to joining Madrone, he served as Walmart’s senior vice president and chief financial officer for Japan, and seniorMore »

Last updated: June 6, 2014

Broader Named to Head Walmart EMEA Region

Shelley Broader

BENTONVILLE, Ark.-Walmart has promoted Shelley Broader, president and CEO of Walmart Canada, to executive vice president, president and CEO of Walmart EMEA. The move puts Broader in charge of retail operations in Europe, the Middle East and Sub-Saharan Africa. She retains her current responsibility over Walmart Canada, and reports to David Cheesewright, president and CEOMore »

Last updated: June 2, 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

Massmart Head Pattison to Step Down

Grant Pattison

JOHANNESBURG-Grant Pattison, CEO of South African retailer Massmart (in which Walmart holds a majority stake) will leave his post on June 1. Guy Hayward, currently chief operating office, will become CEO at that time, in accordance with the company’s succession plan. Pattison’s future plans were not announced in a Massmart statement. Pattison joined Massmart inMore »

Last updated: April 14, 2014

Walmart to Ramp Up Canadian Operation

Walmart

BENTONVILLE, Ark.-Walmart Canada plans to expand its store count and online operation. A Walmart corporate spokesman confirmed press reports that the retailer will spend nearly C$500 million (about $450 million) on 35 new supercenters in Canada, an enhanced distribution network and e-commerce projects. The initiatives are expected to generate about 7,500 jobs over the nextMore »

Last updated: February 5, 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

Resolutions for 2014

Duke_Ratliff

By Duke Ratliff With holiday shopping (and selling) in the rearview mirror, home furnishings executives can now focus on the year ahead. Here are a few resolutions for the new year that notable individuals and institutions can make to make it a successful 2014. Walmart’s new leaders Doug McMillon and David Cheesewright should resolve toMore »

Last updated: December 20, 2013