Tag Archives: Walmart

Walmart Sets FY 2015 Capital Expenditure Plan

Walmart

BENTONVILLE, Ark.-For the fiscal year ending on Jan. 31, 2015, Walmart’s capital spending will total between $11.8 billion and $12.8 billion, $200 million less than its revised projection for fiscal year 2014, according to a statement from its 20th annual conference for the investment community. Mike Duke, the retailer’s president and CEO, said, “We’re spendingMore »

Last updated: October 16, 2013

Duke: Walmart “Making Progress” on Key Areas

Mike Duke

ROGERS, Ark.-Walmart is “making substantial or, in some cases, even ‘step-change’ progress” in key areas of its business, according to Mike Duke, president and CEO. In his opening remarks at the company’s 20th annual meeting for the investment community here today, Duke said Walmart is progressing on e-commerce, compliance, leverage initiatives, capital discipline, talent recruitmentMore »

Last updated: October 15, 2013

Walmart Opens Fulfillment Centers Dedicated to Online Orders

Walmart

SAN BRUNO, Calif.-Walmart has opened two new fulfillment centers specifically to handle its online orders. The new centers are located in Bethlehem, Pa., and Fort Worth, Texas. Measuring more than 1 million square feet, the former is the largest fulfillment center ever for the retailer. The latter measures 800,000 square feet and began shipping ordersMore »

Last updated: October 1, 2013

In the Public Eye

Duke Ratliff

Remember the ’80s song “Somebody’s Watching Me?” The lyrics for the Michael Jackson-like ditty went: “I always feel like somebody’s watching me.” Well, I nominate that almost-forgotten tune to be the song of summer 2013 for decision makers of all shapes and sizes. If recent events are any indication, if it feels like somebody isMore »

Last updated: September 10, 2013

Walmart Talks Domestic

Bill Simon, Walmart

The retailer hosts a summit intended to fuel made-in-America products By David Gill By convening its manufacturing summit in Orlando, Fla., last month, Walmart put its mouth where its money is. The retailer called together government officials—including Penny Pritzker, U.S. secretary of commerce, eight state governors and representatives from 32 state governments—and executives with supplierMore »

Last updated: September 9, 2013

Walmart Holds Manufacturing Summit

Walmart

ORLANDO, Fla.-Walmart hosted its summit meeting to advance the renewal of U.S. manufacturing here yesterday, with almost 1,500 government officials and supplier executives in attendance. The summit, which was held at the Orlando Convention Center and which included sessions on bolstering U.S. manufacturing, was part of the retailer’s commitment to purchase an additional $50 billionMore »

Last updated: August 23, 2013

Walmart Q2 Net Up 1.3 Percent on Weak Sales

Walmart

BENTONVILLE, Ark.-In a quarter in which its checkouts left something to be desired, Walmart posted net income of $4.1 billion, up a slight 1.4 percent from last year’s second quarter. Net sales in the quarter, which ended on July 31, rose 2.4 percent to $116.2 billion. At Walmart U.S. stores, sales were up 2.1 percent,More »

Last updated: August 15, 2013

Walmart, Target End Paula Deen Relationships

Paula Deen

BENTONVILLE, Ark., and MINNEAPOLIS-In the wake of the controversy regarding racist remarks Paula Deen admitted to, Walmart and Target have ended their relationships with her company, Paula Deen Enterprises. A brief statement from Walmart said that “we will not place any new orders (for Paula Deen merchandise) beyond those already committed. We will work withMore »

Last updated: June 27, 2013