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Did you know that Walmart basically has its own Amazon Prime-esque membership plan? It’s called Walmart+, and it’s a great option for people who shop at Walmart often. It’ll give you free grocery delivery, free shipping with no order minimum, savings on fuel, early access to promotions and events, and, right now, free streaming on … Read more
Walmart raised its sales and earnings outlook Thursday as the retailer posted sales gains in its fiscal third quarter, driven by double-digit e-commerce growth and new customers across incomes. The retailer said it expects full-year net sales to climb between 4.8% and 5.1%, up from its previous expectations of 3.75% to 4.75%. It said it … Read more
Good morning. Phil Wahba writing today. This week, a pair of earnings reports—those of Walmart and Target—offer up a reminder of how tricky CEO succession planning can be. Both retailers’ CEOs—Walmart’s Doug McMillon and Target’s Brian Cornell—started in 2014 and are leaving in February, handing their companies off to lieutenants who are company lifers. But … Read more
Walmart CEO Doug McMillon will retire effective Jan. 31, 2026, the company announced in a Friday morning surprise, concluding a decade-long tenure that reshaped the retail giant’s global strategy and digital presence. John Furner, currently head of Walmart’s U.S. operations, will succeed McMillon as president and chief executive officer starting Feb. 1, 2026. Furner was also elected to the company’s board of directors, effective immediately. McMillon will remain on the board of … Read more
Walmart Inc. (NYSE: WMT) entered the second half of FY26 navigating a challenging retail landscape marked by tariff-related cost pressure and cautious consumer behavior. At the same time, the company is accelerating its transition from a legacy brick-and-mortar operator to a multichannel retail platform. Q3 Report Due Walmart is getting ready for the release of … Read more
Walmart CEO Doug McMillon is retiring early next year, the company said Friday in a filing. The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1, according to the filing. McMillon, who stepped into the top role at Walmart in February 2014, will officially retire as of Jan. 31. … Read more
With Thanksgiving less than three weeks away, the question of how much this year’s turkey and trimmings will cost looms large, especially with grocery prices 2.7% higher than they were in 2024. President Donald Trump has claimed over the past two days that costs for the Thanksgiving meal are down 25% this year, citing a prepackaged Thanksgiving … Read more
The Amazon Prime logo on a package in Manhattan, New York City, on Sept. 16, 2023. Michael Kappeler | Picture Alliance | Getty Images Tariffs imposed by the Trump administration have given the country’s retailers another cost to manage during a period of persistent inflation. While many are navigating the change with limited price increases, … Read more
Key Takeaways Walmart CEO Doug McMillon expects AI to transform every job at the company. Walmart is using conversational AI to assist shoppers and streamline operations. Share this article Walmart CEO Doug McMillon said AI will transform every job at the retail giant, emphasizing the technology’s potential to reshape how employees work while maintaining human … Read more
The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty Images Eli Lilly and Walmart on Wednesday said they have teamed up to expand access to the drugmaker’s weight loss drug Zepbound, allowing U.S. patients to get vials … Read more
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