Tagged: neil ashe

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 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.

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.

Wal-Mart Unveils $50 Per Year ShippingPass for Online Orders

by Marty Cook 6/4/2015 2:39 pm

Wal-Mart Stores Inc. of Bentonville officially announced its ShippingPass pilot program, a delivery service designed to compete against Amazon Prime.

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.

Report: Fernando Madeira Named Walmart.com CEO

by Lee Hogan 6/10/2014 10:22 am

Fernando Madeira, president and CEO of Latin America at Wal-Mart e-commerce, has been named chief executive officer of Walmart.com., according to a report from Bloomberg.

Update: Wal-Mart Executives Focus On Small Stores, Online

by Marty Cook 6/6/2014 1:30 pm

Same-store sales continue to drop for Wal-Mart Stores Inc. of Bentonville, but U.S. stores division CEO Bill Simon seemed to shrug off concerns Thursday during question-and-answer session with reporters.

Wal-Mart CEO Doug McMillon Gets $25.6M Pay Package

by Mark Friedman 4/23/2014 4:34 pm

C. Douglas McMillon, who became the president and CEO of Wal-Mart Stores Inc. of Bentonville on Feb. 1, saw his total compensation skyrocket 168 percent to $25.6 million for the fiscal year that ended Jan. 31 as compared with the previous year.

Wal-Mart, Target, Other Retailers Take on Silicon Valley

by Associated Press 11/15/2013 11:18 am

Software engineers wearing jeans and flip flops test the latest smartphone apps. Walls and windows double as whiteboards where ideas are jotted down. And a mini basketball net is in the center of it all.

Wal-Mart E-Commerce Growth Won't Include Grocery; Veterans Program Sees 13,000 Applicants In 10 Days

by Chris Bahn 6/6/2013 9:58 pm

Wal-Mart continues to grow its efforts in e-commerce, but the retailer has no current plans to expand its domestic online operations for grocery. Also: Within the first 10 days of Wal-Mart’s initiative to hire veterans, about 13,000 applications were submitted.

How Wal-Mart Is Building a Better Online Store

by Mark Friedman 5/13/2013 12:00 am

Since 2011, Wal-Mart Stores Inc. has poured millions of dollars into its e-commerce division, and its investments are paying off.

Wal-Mart Tests In-Store Lockers for Online Orders

by Associated Press 3/26/2013 3:37 pm

Wal-Mart Stores Inc., the world's largest retailer, said Tuesday that it's going to set up lockers in about a dozen stores so that shoppers who order on its website can pick up their items without having to wait in a checkout line.