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The Latest Breaking News from Doug McMillon

Walmart is nabbing Target’s ‘Tar-jay’ rep and Amazon’s delivery crowd as even the wealthy flock to the retail giant

The retailer’s blockbuster earnings are mostly thanks to its focus on groceries and e-commerce.

Fortune

Doug McMillon Unloaded Walmart Trucks For $6.50/Hour In 1984, Now He's The CEO

After decades of working his way up the ranks of the American retailer, the Walmart CEO now earns a salary worth over $25 million a year.

International Business Times UK

Walmart Says It Will Buy TV Maker Vizio For $2.3 Bn

Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom.

International Business Times

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Walmart customers behaving so strangely it's making bosses ‘sit up in their chairs’

Walmart CFO John David Rainey said the spending for the last two weeks of October was particularly "puzzling" when compared to prior months.

Fortune

IKEA stores owner to spend $1.1 billion on price cuts next year in deflation boon

Ingka Group's Deputy CEO said people were buying more storage solutions because high house prices had kept them in small spaces.

Fortune

Walmart (WMT) Pre- Earnings Under the Microscope: Buy or Sell?

Walmart (WMT) topped analysts’ expectations for sales and earnings in the last reported quarter. The retailer lifted its guidance for the full fiscal year 2024 to reflect its second-quarter upside and confidence in continued business momentum. Amid this, let’s determine if WMT is a buy or sell before its third-quarter…

StockNews.com

Walmart International CEO Kath McLay says her first weeks were like 'drinking from a firehose'

The former Sam's Club chief has picked up the baton from ex-Walmart International leader Judith McKenna.

Fortune

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Walmart's former top-ranking woman reflects on her rise to the C-suite

Judith McKenna, former Walmart U.S. CEO, was long viewed as a front-runner to replace Walmart Inc. CEO Doug McMillon.

Fortune

This Dow Stock is Still a Great Buy Near 52-Week Highs

Walmart stock has continued to thrive amid questionable economic conditions. Expect more of the same.

Barchart

Unpacking Walmart (WMT) – Buy or Hold Decision This Week?

With technological advancements and unyielding demand for everyday essentials, the grocery industry is poised to maintain a favorable spot. Retail giant Walmart Inc. (WMT) looks well-positioned to capitalize on the upcoming holiday season. Should investors buy or hold the grocery stock this week in such a scenario? Keep reading to…

StockNews.com

Retail theft has gotten so bad Walmart will build a police station inside an Atlanta store

Crime is a $100 billion annual problem for retailers, with companies like Walmart warning it could lead to store closures if nothing is done.

Fortune

Walmart Shoppers Turn Out To Drive Up Quarterly Results

People using Walmart pickup and delivery services gave a big boost to online sales.

Kiplinger

Major grocery chain closing down popular store location in heartbreaking note to shoppers

Midwest grocery giant Hy-Vee announced the closure of its North Ottumwa, Iowa, location in a heartbreaking statement sent to employees and customers alike

Daily Mirror

Walmart issues warning over self-checkout theft as it plans new technology to crack down

Walmart US CEO Doug McMillon insisted stores were facing a stealing problem, saying: "Theft is an issue. It's higher than what it has historically been"

Daily Mirror

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Chicago Sun-Times

Walmart closures show that small business, not big box stores, are the answer for food deserts

Business experts designed a project that helped hundreds of small Mexico City businesses thrive. A similar effort to help mom-and-pop businesses in Chicago’s low-income Black and Latino neighborhoods might well have the same impact.

Daily Mirror

Major change to Walmart stores expected - leaving customers unimpressed

Supermarket giant Walmart has confirmed 65 per cent of its stores will be automated within the next three years. The company said the move would reduce the need for lower-paid roles

WEKU

Despite high inflation, Americans are spending like crazy – and it's kind of puzzling

Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.

Fortune

Shoplifting is 'spreading faster than Covid,' according to Ex-Home Depot CEO

Bob Nardelli says shoplifting is “spreading faster than Covid.”

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news in one place.

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The Independent UK

Walmart has faced calls to ban gun sales for years. Will Chesapeake change that?

By nature of its enormous size, with thousands of stores across the US, the nation’s largest retailer is at the centre of debate over retail gun sales and a familiar place for American violence, Alex Woodward reports

The Independent UK

Walmart has faced calls to ban gun sales for years. Will Chesapeake change that?

The Guardian - US

The savior CEO and the empty promise of ‘stakeholder capitalism’

Companies may claim to serve employees, communities and the planet – but two books show profit still comes first

Tribune News Service

Here’s what Walmart is doing to fight inflation

FAYETTEVILLE, Ark. — Walmart CEO Doug McMillon says the retail giant is closely watching its core shopper while working on ways to lower its costs and navigate 40-year-high inflation.

Tribune News Service

Walmart dangles a $210,000 average salary to store manager recruits

BENTONVILLE, Ark. — This may be a good year to get recruited and promoted at Walmart.

Los Angeles Times

High gas prices hurt. But here's how diesel prices are slamming your wallet in hidden ways

LOS ANGELES — If you're wondering what's swelling the price of everything you buy, the cost of a gallon of diesel is a good place to start.

WEKU

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

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