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.
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 is more than doubling the number of veterans it plans to hire by the year 2020.
With a title like chief retail innovation officer, Kasey Lobaugh spends a lot of time peering into the future to assess where the retail industry is headed.
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%.
Walmart is reportedly testing an unlimited shipping service that could undercut Amazon Prime.
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.
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.
When Target pulled out of Canada, it was widely speculated that Walmart would snap up some of Target's locations. But Walmart has decided to acquire only 13 stores, a deal worth $136 million.