Tagged: greg foran

Analysis: Wal-Mart Scrimps on Hiring As Store Space Grew Rapidly

by Nathan Layne, Reuters 11/23/2015 7:34 am

Wal-Mart has been dogged by criticism of the standard of its stores in recent years, including long checkout lines and insufficient stocking of its shelves. A Reuters analysis of the giant discount retailer’s growth and its employee numbers may help explain why

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.

Wal-Mart's 'Open Call' Draws Governors, Prospective Vendors

by Marty Cook 7/7/2015 10:36 am

Wal-Mart Stores Inc. held its second "Open Call" with suppliers of U.S.-made products on Tuesday at the company's headquarters in Bentonville.

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.

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 Seeks Assist From Suppliers to Lower Prices

by Anne D'Innocenzio, The Associated Press 4/1/2015 1:10 pm

Wal-Mart is asking suppliers to cut back on advertising spending in its stores as it seeks lower prices on goods that it sells to its own customers.

The Top 10 Business Stories of 2014

by Arkansas Business Staff 12/30/2014 7:12 pm

Politics, white-collar crime, banking acquisitions, Turner Grain and more. Arkansas Business recaps the top 10 stories from the year that was 2014.

More Changes at Wal-Mart's US Division; Judith McKenna New COO

by Arkansas Business Staff 12/10/2014 3:28 pm

Wal-Mart Stores Inc. of Bentonville on Wednesday announced another executive change at its U.S. stores division. Judith McKenna has been promoted to COO of Walmart U.S. She will report to Greg Foran, who took over as CEO of Wal-Mart's U.S. stores in August.

Wal-Mart's Top Merchant Out as Key Holiday Nears

by Associated Press 11/25/2014 4:10 pm

Wal-Mart's chief merchandising officer for its namesake U.S. division has left as the discounter makes leadership changes to perk up sales as the holiday shopping season revs up.

Wal-Mart Cuts Profit Outlook Amid Sluggish Sales, Less Traffic

by Associated Press 8/14/2014 7:26 am

Wal-Mart Stores Inc. cut its annual profit outlook on Thursday as the world's largest retailer faced another quarter of sluggish sales and traffic declines.

Bill Simon Stepping Down As Leader of Wal-Mart's U.S. Stores

by Lance Turner 7/24/2014 7:56 am

Wal-Mart Stores Inc. of Bentonville says Bill Simon, president and CEO of its U.S. stores, is leaving the company. The retailer named Greg Foran, 53, as his successor. Simon had been the leader of Wal-Mart's domestic operations since June 2010. Foran takes over on Aug. 9.