Tag Archives: Doug McMillon

Weather Knocks Walmart Q1

Walmart

BENTONVILLE, Ark.-The severe winter weather of early this year proved to be a major factor in the 5 percent drop in Walmart’s net income for the first-quarter ending April 30, which totaled $3.6 billion. In a conference call from Walmart’s management discussing the results this morning, Doug McMillon, Walmart’s president and CEO, said the “disruptive”More »

McMillon Takes Command at Walmart

Doug McMillon

BENTONVILLE, Ark.-Doug McMillon has become the fifth president and CEO of Walmart Stores Inc., the parent company of Walmart U.S., Walmart International and Sam’s Club. McMillon, who had been president and CEO of Walmart International, was elected to head the world’s largest retailer by the company’s board in November. He officially began his new rolesMore »

Resolutions for 2014

Duke_Ratliff

By Duke Ratliff With holiday shopping (and selling) in the rearview mirror, home furnishings executives can now focus on the year ahead. Here are a few resolutions for the new year that notable individuals and institutions can make to make it a successful 2014. Walmart’s new leaders Doug McMillon and David Cheesewright should resolve toMore »

Cheesewright Named Walmart International Chief

David Cheesewright

BENTONVILLE, Ark.-Walmart has promoted David Cheesewright to president and CEO of Walmart International. Cheesewright—currently president and CEO of Walmart’s Europe, Middle East and Africa (EMEA) and Canada region—will succeed Doug McMillon, who was named to succeed Mike Duke as Walmart’s president and CEO last month. Both McMillon and Cheesewright will assume their new posts onMore »

McMillon to Succeed Duke as Walmart CEO

Doug McMillon

BENTONVILLE, Ark.–Doug McMillon has been named the new president and CEO of Walmart Stores. He will succeed Mike Duke on Feb. 1, 2014. McMillon, currently president and CEO of Walmart International, was also elected to the company’s board of directors, effective immediately. “This leadership change comes at a time of strength and growth at Walmart,”More »

Walmart Q3 Net Up 2.8 Percent; U.S. Comps Down 0.3 Percent

Walmart

BENTONVILLE, Ark.-Although its U.S. same-store sales slipped 0.3 percent, Walmart posted a 2.8 percent gain in third-quarter net income, to $3.7 billion. The retail giant’s net sales rose 1.6 percent to $114.9 billion in the quarter, which ended on Oct. 31. Its U.S. sales as a whole were up 2.4 percent, with gains in marketMore »

Walmart Sets FY 2015 Capital Expenditure Plan

Walmart

BENTONVILLE, Ark.-For the fiscal year ending on Jan. 31, 2015, Walmart’s capital spending will total between $11.8 billion and $12.8 billion, $200 million less than its revised projection for fiscal year 2014, according to a statement from its 20th annual conference for the investment community. Mike Duke, the retailer’s president and CEO, said, “We’re spendingMore »

Walmart Q2 Net Up 1.3 Percent on Weak Sales

Walmart

BENTONVILLE, Ark.-In a quarter in which its checkouts left something to be desired, Walmart posted net income of $4.1 billion, up a slight 1.4 percent from last year’s second quarter. Net sales in the quarter, which ended on July 31, rose 2.4 percent to $116.2 billion. At Walmart U.S. stores, sales were up 2.1 percent,More »