More than 1,100 businesses from across the country pitched products made, grown or assembled in the United States to Walmart and Sam’s Club merchants at the retailer’s ninth annual Open Call, and the initiative delivered results in a substantial proportion of cases....
Despite a stronger than expected sales gain in the first fiscal quarter, Walmart missed a Wall Street analyst consensus estimate on income as inflation, a temporary labor imbalance and supply chain costs took dollars off the bottom line. Walmart posted company net...
Walmart President and CEO Doug McMillon, in his annual letter to shareholders, associates and customers, expressed gratitude for their contributions and patronage while highlighting company focal points going forward. McMillon said Walmart continues to address...
Walmart has named John Rainey executive vp and CFO, noting that he will assume his new responsibilities on June 6. Rainey was executive vp, global customer operations, and CFO at PayPal where he currently serves as the company’s CFO and executive vp, global customer...
“The business model is changing: I think that’s the headline,” Doug McMillion, Walmart CEO, said during the company’s fourth-quarter conference call. Walmart is shifting its resources to create and expand new revenue streams while making itself more competitive in a...
