Tag Archives: Walmart

Cheesewright Named Walmart International Chief

David Cheesewright

BENTONVILLE, Ark.-Walmart has promoted David Cheesewright to president and CEO of Walmart International. Cheesewright—currently president and CEO of Walmart’s Europe, Middle East and Africa (EMEA) and Canada region—will succeed Doug McMillon, who was named to succeed Mike Duke as Walmart’s president and CEO last month. Both McMillon and Cheesewright will assume their new posts onMore »

Last updated: December 10, 2013

E-Cha-Ching! Cyber Monday Produces Major Online Sales Gains

Xmas Shopping Online

NEW YORK-A number of surveys and reports have shown that e-commerce sales on Cyber Monday, Dec. 2, increased significantly over last year’s Cyber Monday. According to research firm comScore, e-commerce sales through desktop computers totaled $1.735 billion, up 18 percent over Cyber Monday 2012 and marking the heaviest U.S. online spending day in history. ResearchMore »

Last updated: December 4, 2013

(Selling) Home for the Holidays

Duke_Ratliff

If the consumer press was any indication, the universe almost ended. More precisely, the civilized world as we know it could have come to a crashing halt on Thanksgiving Day. That’s when the Scrooge-like retailers such as … well, pretty much every single retailer of note—opened for business. Macy’s suffered an unfair share of theMore »

Last updated: December 20, 2013

Hornick: Southern Style

Louis “Tripp” Hornick III

The window-treatment vendor re-establishes a U.S. manufacturing presence with its new South Carolina facility By David Gill Within five years of its first century in business, always as a New York-based company, Louis Hornick & Co. is establishing new roots in South Carolina with its new manufacturing facility in Allendale County. This move stems fromMore »

Last updated: November 27, 2013

“Bay-zos,” not “Bee-zos”

Duke_Ratliff

By Duke Ratliff It’s interesting how Amazon is easily the most influential retailer since Walmart and most of us don’t even know how to pronounce the founder’s name. Yes, it’s “Bay-zos” instead of “Bee-zos,” according to the recently published book “The Everything Store: Jeff Bezos and the Age of Amazon,” by Brad Stone. The public’sMore »

Last updated: November 1, 2013

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