Tagged: doug mcmillon

Wal-Mart Raises Annual Profit; Tops Street 2Q Forecasts

by Anne D'Innocenzio, The Associated Press 8/18/2016 6:51 am

Wal-Mart raised its earnings outlook for the year and delivered strong profit and sales in the second quarter after the world's largest retailer revamped its stores, improved the shopping experience, and won back customers. "Our strategy in the U.S. is working," said CEO Doug McMillon.

Video: Doug McMillon on Why Wal-Mart Chose Jet.com

by Arkansas Business Staff 8/9/2016 10:23 am

Wal-Mart announced Monday that it would acquire retailer Jet.com for $3 billion. According to Wal-Mart, acquiring Jet will help the company connect with urban and millennial shoppers and compete more effectively with online retail giant Amazon.com.

With James Corden on Stage, Wal-Mart Event Part Business, Part Roast

by Marty Cook 6/3/2016 3:35 pm

Friday's Wal-Mart shareholders meeting at times felt more like a roast thanks to "The Late Late Show" host James Corden.

Wal-Mart Embraces Change at Meeting, Hitching Up With Uber

by Marty Cook 6/3/2016 3:23 pm

During the retailer's annual meeting, Wal-Mart Chairman Greg Penner cast the company as changing with the economic and shopping landscape, just as it has done throughout its long history.

Wal-Mart Needs to Grow Overseas, and China's the Big Prize

by Anne D'Innocenzio, The Associated Press 5/31/2016 6:48 am

Wal-Mart can't count on much sales growth from its U.S. business, so the retailer is depending more on its operations overseas. China, the world's most-populous country, is the ultimate prize.

New Walton College Dean Matt Waller Confronts E-Commerce Revolution

by Jan Cottingham 5/16/2016 12:00 am

Matt Waller is the new dean of the Walton College of Business at the University of Arkansas at Fayetteville, after having served as interim dean since June 1.

Wal-Mart Reveals $1.9M Paid to UA in FY 2015

by Arkansas Business Staff 4/25/2016 12:00 am

Wal-Mart Stores Inc. revealed in its proxy statement last week that it paid about $1.9 million to the University of Arkansas in the retailer’s fiscal year that ended Jan. 31.

At Wal-Mart, Doug McMillon's Total Pay Rises to $19.8M

by Mark Friedman 4/21/2016 8:55 am

Wal-Mart Stores Inc. President and CEO C. Douglas McMillon saw his total compensation increase 2.1 percent to $19.8 million for the fiscal year that ended Jan. 31 compared with the previous year.

McMillon Studio Showcases Retail Innovation

by Marty Cook 4/11/2016 12:00 am

Researcher Susan Sedberry is overseeing the final touches to the Retail Innovation & Technology Lab, to be called the McMillon Innovation Studio, at the University of Arkansas at Fayetteville that she calls “an interactive Amazeum for adults.”

Arkansas Business Power List 2016: Retail

by Arkansas Business Staff 3/21/2016 12:00 am

A retail resource to help navigate the leadership of the largest Arkansas companies or institutions.

Wal-Mart's Adjusted 4Q Profits Beat Wall Street Estimates

by Anne D'Innocenzio, The Associated Press 2/18/2016 6:51 am

Wal-Mart is reporting an 8 percent decline in fourth-quarter earnings as the retailer prunes its global footprint. The world's largest retailer earned $4.57 billion, or $1.43 per share in the three-month period ended Jan. 31

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.