Walmart makes a big deal out of its culture, and as a result it invites criticism whenever changes are made to long-standing company policies that are somehow seen as diminishing the culture. That was the case again this week when reports surfaced that people greeters working the overnight shift had been reassigned other duties.
JCPenney got a lot of love this week from investors and the media after the company’s senior leadership unveiled a simplified pricing and promotional strategy that sounded an awful lot like another well-known retailer’s success formula.
Sam’s has enjoyed accelerating same-store sales growth the past two years, and to keep that momentum going chief merchandising officer Linda Hefner is looking for a few good suppliers to commit to a new joint business planning process.
Walmart will report fourth-quarter and full-year results in a few weeks, and the numbers, while they are sure to be extraordinarily large, will pale in comparison to the superlative-defying figures that Apple posted earlier this week.
Walmart announced that it is expanding its Race Time 2012 program to give fans more accessibility to discounted race tickets, driver appearances and fan events at stores, a greater selection of authentic NASCAR merchandise and a special sponsorship of Bill Elliott at the Coke Zero 400.
In an unexpected turn of events, Brian Cornell is stepping down as Sam’s Club president and CEO and will be replaced by Rosalind Brewer who currently serves as president of the Walmart U.S. East business unit.