Tag Archives: Sam’s Club

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 »

Sam’s Club to Lay Off 2,300

Sam’s Club

BENTONVILLE, Ark.-Sam’s Club plans to lay off about 2,300 associates, or about 2 percent of its total associate number, across its clubs. A time frame for the lay offs was not given. According to a statement from Bill Durling, who heads Sam’s Club’s corporate communications, the warehouse-club retailer and division of Walmart will conduct theMore »

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 »