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John Furner

Public Companies / Retail

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 >
Doug McMillon, president and CEO of  Wal-Mart Stores Inc., has aggressively pushed the discount retailer into a new era emphasizing online shopping. Many of Wal-Mart’s moves in 2017 took direct aim at its chief competitor, Amazon.
Public Companies / Retail

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 >
James Corden hosted the 2022 Walmart Associates Celebration last week at Bud Walton Arena in Fayetteville.
Investments / Public Companies / Retail

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 >
Doug McMillon, Walmart president and CEO, received $23.6 million in total compensation last year.
Public Companies / Retail

Walmart CEO’s Total Compensation Climbs to $25.7 Million

Stock awards contributed to a 14% increase in compensation for Doug McMillon. read more >
A shopper walks down an aisle at a Home Depot in Oregon in 2018. 
Business Services / Construction / Public Companies / Retail / Transportation

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 >
Walmart Inc. has launched GoLocal, a delivery service that puts the retail giant in competition with companies like Uber and DoorDash.
Business Services / Public Companies / Retail / Transportation

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 >
“I think the upfront cost is significant. Eventually, it’s going to pay for itself a few years down the road.” – John Cui, associate professor of operations and information management, McDonough School of Business at Georgetown University
Business Services / Public Companies / Retail / Transportation

Walmart Launches Logistical RevolutionLock Icon

If robots can beat grandmasters at chess, surely they can help Walmart with a game of logistical Tetris. read more >
Walmart of Bentonville has been steadily expanding its financial services offerings to customers, but it says it has no designs on becoming a bank.
Banking & Finance / Business Services / Government & Politics / Health Care / Public Companies / Retail

Walmart Offering Financial Tools, Fintech PlansLock Icon

Walmart insists it doesn’t want to be a bank, but it’s surely acting like one. read more >
Walmart says it is testing package delivery via drones in Fayetteville, North Carolina, through a deal with drone company Flytrex.
Investments / Public Companies / Retail / Transportation

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 >
Government & Politics / Health Care / Public Companies

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 >
John Furner
Manufacturing / Public Companies / Retail / Transportation

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 >
John Furner
Public Companies / Retail

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 >
Marc Lore, a founder of Jet.com, received nearly a quarter billion dollars in compensation from Wal-Mart in 2016.
Public Companies

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 >
Banking & Finance / Public Companies / Retail

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 >
Walmart opened its health clinic in Springdale in June, the fourth since September and the first in Arkansas.
Public Companies / Retail

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 >
Public Companies

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 >
Suresh Kumar, executive vice president, global chief technology officer and chief development officer of Walmart Inc.
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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 >
Investments / Public Companies

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 >
Public Companies / Retail

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 >
Arkansas Business Associate Publisher Chris Bahn interviews Arkansas Children's CEO Marcy Doderer at the Arkansas Business Executive Leadership Academy.
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Apply Now for Arkansas Business’ Executive Leadership Academy

Arkansas Business will host its first virtual Executive Leadership Academy this fall. Applications are now open and the deadline to apply for the program is July 31. read more >