Walmart

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Walmart settles with Tracy Morgan

Walmart and the attorney for comedian Tracy Morgan reached a confidential settlement agreement of a lawsuit stemming from an accident involving a Walmart truck and the vehicle in which Morgan was riding. 

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Ex-Walmart exec Mac Naughton joins CROSSMARK board

Former Walmart Executive Vice President and Chief Merchandising Officer Duncan Mac Naughton has joined the board of directors of CROSSMARK, a sales, marketing and merchandising services company focused on the retail and consumer goods industries. 

WALMART SUPPLIER NEWS

The first quarter edition of Walmart Supplier News is now available for viewing. This digital edition is brought to you by Genco and is available by clicking here. Walmart Supplier News is published quarterly and is your source for insight and analysis of the business issues and trends involving Walmart, its trading partners and service companies.

Want to check out older issues? Click here.

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Walmart’s store experience efforts ding profits

Lower gas prices led to improved traffic and a 1.1% same store sales increase at Walmart’s U.S. stores division, but total company performance suffered under the weight of a $3.3 billion foreign exchange impact and expense pressures which caused profits to decline 7%. 

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13 is lucky number for U.S. retailers in Canada

On the heels of Walmart's decision to acquire 13 Target locations in Canada comes an announcement from Lowe's, which has also decided to acquire 13 Target Canada leases as well as distribution center in MIlton.

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Walmart teams with Alibaba on mobile payment

Walmart is partnering with Chinese e-commerce powerhouse Alibaba to allow customers to make purchases using mobile devices in 25 of its stores in southern China.