John Furner
Walmart CEO Doug McMillon’s Total Compensation Rises; Rob Walton to Retire From Board
McMillon received a $4.5 million bonus in 2023, but most of his compensation came in the form of stock awards. read more >
by Mark Friedman -
Walmart Puts $9B Toward 2-Year Store Remodeling Effort
Walmart Inc. is rolling out a half-billion dollars worth of upgrades to many of its discount stores this week, part of a two-year, $9 billion program to improve its Supercenters and Neighborhood Markets. read more >
Walmart CEO’s Total Compensation Dips to $25.3M
The annual total compensation of Walmart's median employee was $27,136, an increase of 7.1% from the previous year. read more >
by Mark Friedman -
Party Down (Lance Turner Editor’s Note)
Walmart's annual meeting brings thousands to northwest Arkansas ready celebrate. But this year's gathering finds the retailer once again grappling with big issues. read more >
by Lance Turner -
Walmart CEO’s Total Compensation Climbs to $25.7 Million
Stock awards contributed to a 14% increase in compensation for Doug McMillon. read more >
by Mark Friedman -
Home Depot Partners With Walmart for Local Deliveries
Same-day and next-day deliveries will begin in select markets in the coming weeks. It will expand to multiple markets across the nation by the end of the year. read more >
Update: Walmart to Launch Delivery Service for Other Businesses
Walmart says it will start commercializing its delivery service, using contract workers, autonomous vehicles and even drones to deliver other retailers' products directly to customer homes. read more >
by -
Walmart Launches Logistical Revolution
If robots can beat grandmasters at chess, surely they can help Walmart with a game of logistical Tetris. read more >
by Mark Friedman -
Walmart Offering Financial Tools, Fintech Plans
Walmart insists it doesn’t want to be a bank, but it’s surely acting like one. read more >
by Mark Friedman -
Walmart Invests in Drone Company
Walmart Inc. announced Thursday that it has invested in DroneUp, a nationwide drone services provider it partnered with last year, but did not disclose the investment amount. read more >
Walmart Sales Soared, Essential Workers Got Scant Protection
Walmart Inc. of Bentonville, the nation’s largest private employer, provides a window into the Occupational Safety and Health Administration's performance during the pandemic. read more >
by -
Walmart Invests in GM’s Cruise Autonomous Vehicle Subsidiary
Walmart and some institutional investors have joined the latest investment in Cruise, bumping the capital influx into the General Motors autonomous vehicle subsidiary from over $2 billion to $2.75 billion. read more >
by Associated Press -
Walmart to Spend $350B on U.S. Products
Walmart says it will spend an additional $350 billion over the next 10 years on items made, grown or assembled in the U.S. read more >
Walmart E-Commerce Chief Marc Lore Resigns After Nearly 5 Years
Marc Lore, Walmart's e-commerce chief, is leaving the world's largest retailer, nearly five years after he joined to super charge its online business amid stiffer competition from online leader Amazon. read more >
by -
Walmart Launching New Fintech Startup
Walmart announced Monday the creation of a new fintech startup designed to develop and offer “modern, innovative and affordable financial solutions.” read more >
Cheryl Pegus Named EVP of Walmart Health & Wellness
Cheryl Pegus has joined Walmart Inc. of Bentonville as its executive vice president of Health & Wellness, effective Dec. 21. read more >
Walmart Announces $700M Bonus Round
Walmart Inc. of Bentonville will pay out another round of employee bonuses, bringing its 2020 bonus tally to more than $2.8 billion. read more >
Walmart CTO Tops Executive Compensation List
Walmart CTO Suresh Kumar’s experience explains why his total compensation for the first seven months he spent at Walmart made him the highest-paid executive among Arkansas’ public companies. read more >
by Gwen Moritz -
Amid Report of Layoffs, Walmart Says It Plans ‘Changes’ to US Business
Walmart Inc. of Bentonville says that it is continuing to make changes to its U.S. operations, which may include workforce adjustments at its corporate headquarters. read more >
by -
Walmart Announces $428M Bonus Round
Walmart Inc. of Bentonville said Tuesday it would pay out another round of bonuses to its full- and part-time hourly employees in the midst of the COVID-19 pandemic. read more >
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