A former Walmart executive has joined with a real estate executive to expand New York City-based luxury home décor retailer Gracious Home.
Walmart Stores, Inc., president and CEO Doug McMillon invoked a baking metaphor at a retail conference in Northwest Arkansas this week to describe the company’s merchandising philosophy and approach to offering customers every day low prices.
Liberal economist and New York Times columnist Paul Krugman and Bloomberg financial columnist Barry Ritholz weighed in this week with points of view on Walmart’s recent investment in wages and other changes to improve worker satisfaction.
Walmart’s saturation of Northwest Arkansas with its Neighborhood Market format continued this week with the opening of a new location on north Walton Boulevard just a few miles from the retailer’s headquarters.
The TPN division of global marketing and corporate communications giant Omnicon has worked with Walmart and its supplier community for more than 10 years and now that it has a physical presence in Northwest Arkansas the retail marketing agency is ready for some serious growth.
The retail industry is more competitive than ever, but Walmart CEO Doug McMillon told a crowd of more than 14,000 associates and shareholders that he is more worried about the enemy within the company than competitors.
The nature of competition in the retail industry is not what it used to be. The top 10 U.S. retailers now account for more than $1,200,000,000,000. The big have gotten bigger and will continue to do so in the near term, however there is also a dramatic “re-fragmentation” of the retail industry underway.
Digital design and marketing consultancy Razorfish made two key hires to bolster the capabilities of its rapidly growing commerce practice led by Commerce Strategy head Jason Goldberg.
Rob Walton relinquished the position of chairman of the board of directors of Wal-Mart Stores, Inc., to his son-in-law, Greg Penner, at the company annual meeting on June 5.