Tagged: doug mcmillon

Wal-Mart to Close 269 Stores, 154 of Them in the US

by Anne D'Innocenzio, The Associated Press 1/15/2016 8:42 am

Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores account for a fraction of the company's 11,000 stores worldwide and less than 1 percent of its global revenue. Includes a list of stores to be closed.

Wal-Mart to Spend $64M on Raises, Other Workforce Investments in Arkansas

by Lance Turner 12/17/2015 11:02 am

Wal-Mart Stores Inc. of Bentonville said its $2.7 billion plan to invest in its domestic workforce includes about $64 million in Arkansas, including raises for 39,000 of its employees here.

Wal-Mart's Chief Marketing Officer to Retire

by Anne D'Innocenzio, The Associated Press 12/11/2015 7:32 am

The world's largest retailer confirmed Thursday that its chief marketing officer Stephen Quinn is retiring, and it's tapping into the talent of former Target executive Michael Francis as a consultant.

Wal-Mart’s Greg Foran No. 1 In Exec Pay At $19.5M

by Gwen Moritz 12/7/2015 12:00 am

Foran received stock awards in April 2014 for his performance as CEO of Walmart Asia and then more stock as part of a three-year performance incentive program when he was named in August 2014 to succeed Bill Simon as CEO of Walmart stores in the United States.

Retail Analysts Say Wal-Mart's Become Too Big to Manage

by Mark Friedman 10/26/2015 12:00 am

For Wal-Mart’s annual revenue to grow by just 1 percent, the retailer would need to add the revenue of a Fortune 500 company. But some retail watchers wonder whether Wal-Mart’s massive size has made it too big to manage.

Wal-Mart Puts Squeeze on Suppliers to Share Pain as Earnings Sag

by Nathan Layne, Reuters 10/19/2015 7:51 am

Suppliers are already being squeezed for price cuts and cost sharing by Wal-Mart. Now they're bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer last week.

Wal-Mart Stock Drops 10 Percent Amid Lowered Projections

by Alexis Hosticka 10/14/2015 11:04 am

Shares of Wal-Mart Stores Inc. of Bentonville ended the day down 10 percent after CFO Charles Holley revealed that the retailer's earnings per share could drop 6 percent to 12 percent in fiscal year 2017. The retailer made the announcement at its 22nd annual "Meeting for the Investment Community" in New York.

Video: Doug McMillon Talks Changes, US Economy on CNBC

by Lance Turner 10/14/2015 8:11 am

Wal-Mart CEO Doug McMillon, in New York today for a meeting with analysts, talks to CNBC's "Squawk Box" about the retailer's strategy.

Wal-Mart Lays Off 450 Workers at Headquarters in Bentonville

by Anne D'Innocenzio, The Associated Press 10/2/2015 9:15 am

Wal-Mart has laid off 450 workers at its headquarters as the world's largest retailer attempts to become more nimble to compete with the likes of Amazon.com.

Wal-Mart to Cut Hundreds of Jobs at Headquarters

by Reuters 10/1/2015 7:23 am

Wal-Mart Stores Inc. is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said.

Wal-Mart’s Job 1 (Gwen Moritz Editor's Note)

by Gwen Moritz 6/29/2015 12:00 am

When Wal-Mart announced in February that it would raise the hourly pay of its lowest-paid employees to at least $10 within the following 12 months, I thought the company had finally decided its Everyday Low Price strategy might not be the be-all and end-all at Wal-Mart going forward.

Doug McMillon: How I Knew It Was Time to Raise Pay at Wal-Mart

by Marty Cook 6/11/2015 2:01 pm

Doug McMillon, CEO of Wal-Mart Stores Inc. of Bentonville, said a visit he took to a store in Denver helped him decide the company needed to raise worker pay.

Wal-Mart Asks Suppliers for Lower Prices, Fewer Ads

by Lance Turner 6/11/2015 11:25 am

Wal-Mart Stores Inc. of Bentonville is asking suppliers to cut back on advertising in order to pass along those savings to its customers.

Greg Penner Named Wal-Mart's 3rd Chairman at Annual Shareholders' Meeting

by Marty Cook 6/5/2015 1:14 pm

A new chairman, a mobile consumer, a Hollywood hostess from the South and Rod Stewart. Inside Wal-Mart's 2015 shareholders' meeting at Bud Walton Arena in Fayetteville.

Video: Tracy Morgan Says He'll Meet with Doug McMillon This Week

by Lance Turner 6/1/2015 8:31 am

Comedian Tracy Morgan, who was injured in an auto accident involving a Wal-Mart truck that killed fellow comedian James McNair last June, gave his first interview since the wreck this morning on NBC's "Today Show."

Pay Raises, Online Spending Push Wal-Mart's 1Q Results Lower

by Lance Turner 5/19/2015 10:24 am

Wal-Mart Stores Inc. of Bentonville missed analysts' expectations and reported first-quarter net income down nearly 7 percent as the retailer gave raises to employees, invested in e-commerce and endured the effects of currency fluctuations.

Doug McMillon to Speak at Walton College Conference on Retail

by Arkansas Business Staff 5/7/2015 9:33 am

Wal-Mart Stores Inc. CEO Doug McMillon will be among the speakers at the 15th annual Emerging Trends in Retailing conference on June 11 at the Northwest Arkansas Convention Center in Springdale.

Wal-Mart CEO Doug McMillon Gets $19.4M Pay Package

by Mark Friedman 4/22/2015 5:17 pm

Wal-Mart Stores Inc. President and CEO C. Douglas McMillon saw his total compensation fall 24.2 percent to $19.4 million for the fiscal year that ended Jan. 31 compared with the previous year.

Wal-Mart Sets Off Minimum Wage Race

by Mark Friedman 4/6/2015 12:00 am

Wal-Mart Store Inc.’s announcement in February that it would start paying employees $9 an hour this year and $10 in 2016 touched off a minimum wage arms race.

Wal-Mart Commends Asa Hutchinson for Work on HB1228

by Lance Turner 4/1/2015 2:59 pm

Today, following Asa Hutchinson's request that the Legislature recall and rework HB1228, Wal-Mart praised the governor and legislative leaders.