Content about Wal-Mart Stores Inc.

April 16, 2012
Walmart board searches for right fit with Google exec

The Walmart board of directors is poised for an infusion of fresh, and young, talent when shareholders vote to approve a slate of directors that includes Google’s VP of local and maps.

March 22, 2012
Last chance to satisfy thirst for higher success

Former PepsiCo chairman and CEO Steve Reinemund has served on the Wal-Mart Stores Inc. board of directors since 2010, but when he’s in Northwest Arkansas next week it won’t be for a board meeting.

February 21, 2012
Walmart had a “great” Christmas

Walmart’s U.S. stores division regained customer traffic during the fourth quarter to post a 1.5% same-store sales increase and continues gather momentum as familiar strategies and effective marketing are resonating with customers, the company said Tuesday morning in conjunction with the release of quarterly results.

September 29, 2011
Castro-Wright resignation noteworthy, but not a surprise

Normally, it is a big deal when the vice chairman of a major company announces their retirement. Especially when said executive is only 56 and in the prime of their senior leadership years. That wasn’t the case earlier this week when Walmart announced that Eduardo Castro-Wright would be stepping down as vice chairman and CEO of the company’s global e-commerce and global sourcing businesses.

August 16, 2011
Walmart says strategy working, reaffirms commitment to EDLP

Despite the absence of top line growth at Walmart’s U.S. stores division, second quarter earnings grew 12.4% to $1.09 and came in a penny ahead of analysts’ estimates, which was enough for the company to narrow and increase the range of its full year profit forecast.

July 28, 2011
Free admission to art museum courtesy of Walmart

Walmart said it will donate $20 million to the Crystal Bridges Museum of American Art to provide for free admission for the next five years. The expansive world class facility scheduled to open Nov. 11 in Bentonville, Ark. was founded by the Walton Family Foundation in 2005.

July 22, 2011
Calling out Supermarket News

It is logical that Wal-Mart Stores Inc. president and CEO Mike Duke would top Supermarket News’ Power 50 list of the food industry’s most influential executives. The company sells more food, by a large margin, than anyone else, therefore a case could be made that Duke, or whoever is CEO of Walmart, should top the publication’s list each year.

June 6, 2011
Simon says Walmart U.S. is on the right track

Driving same-store sales at U.S. stores is the top priority of Walmart U.S. president and CEO Bill Simon and his boss, Wal-Mart Stores Inc., president and CEO Mike Duke. Both executives stated U.S. comp growth is their top priority on Friday and went on to add that they are confident the company has the right strategy and people in place to make it happen.

May 19, 2011
Walmart CEO talks traction on comps

Despite progress on several key merchandising initiatives during the first quarter, it wasn’t enough to prevent Walmart from logging a 1.1% decline in same-store sales, losing customer traffic and introducing the possibility the second quarter will bring more of the same. The company’s forecast for second quarter same-store sales envisions a range of possibilities between a 1% decline and 1% increase.

Walmart turned what appeared to be some fairly grim news on the U.S. sales front into a message of inspiration by pointing out that growing comps is the senior management’s highest priority, and positive results are being realized in areas where strategic initiatives have been in place the longest.

May 13, 2011
An e-commerce investment in China

Walmart acquired a minority interest in Chinese e-commerce company Yihaodian, the company announced Friday morning. Yihaodian was launched in July 2008 and currently offers 75,000 products and next-day delivery on essential items from an existing logistics network in Shanghai, Beijing and Guangzhou.

April 25, 2011
Walmart CEO shops at Target

A Reuter’s report this week quotes the manager of a Target store in Rogers, Ark., regarding the fact that Mike Duke, president and CEO of Wal-Mart Stores Inc., is an occasional visitor in his store. Well of course he is. And so are hundreds if not thousands of other Walmart employees.

December 13, 2010
Wal-Mart to close Moscow office

BENTONVILLE, Ark. - Wal-Mart Stores Inc. is closing its Moscow office but said it is still interested in the Russian market.

The retailer said that it has been looking to enter the Russian market through an acquisition, but has not found a near-term opportunity so it does not need the Moscow office at this time.

September 29, 2010
Holley named Walmart CFO

Veteran finance executive Charles Holley was named to replace Tom Schoewe as CFO of Wal-Mart Stores Inc., the company announced late Wednesday.

September 28, 2010
Holley named Walmart CFO

Veteran finance executive Charles Holley was named to replace Tom Schoewe as CFO of Wal-Mart...

April 26, 2010
Wal-Mart Stores suffers class action setback

The AP reported Monday that a sharply divided federal appeals court on Monday exposed Wal-Mart...

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