Walmart U.S.
Walmart President, CEO Doug McMillon to Retire; John Furner Named Successor
After more than a decade leading the retail giant, McMillon will retire as president and CEO in January, with Walmart U.S. President and CEO John Furner as his successor. read more >
CJRW Hires 4 (Movers & Shakers)
Madison Dawson, Jordan Gray, Ashley Moore and Jacob Turbyfill have been hired by CJRW of Little Rock. read more >
Walmart International CEO Judith McKenna to Retire
Sam's Club President and CEO Kath McLay has been named as McKenna's successor. read more >
Walmart Partners With Khan Academy to Offer Free Financial Courses
The virtual course offers articles, videos and exercises to master personal finance skills. read more >
Transplanted Executives Dominate Pay List
Two companies that recently moved their headquarters to Arkansas passed Walmart in executive compensation, but not profitability. read more >
by Gwen Moritz -
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 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 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 >
Fayetteville Plane Crash Subject of Court Case
Starstone National Insurance Co. alleges that negligence and defects caused a 2015 accident in which former Walmart U.S. CEO Bill Simon parachuted his single-engine plane onto a pickup truck on MLK Jr. Boulevard. read more >
Wal-Mart Reveals $1.9M Paid to UA in FY 2015
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. read more >
Retail Analysts Say Wal-Mart’s Become Too Big to Manage
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. read more >
by Mark Friedman -