Tagged: Neil Ashe

Wal-Mart to Launch Own Mobile Pay System

Wal-Mart to Launch Own Mobile Pay System

Banking & Finance

Wal-Mart Stores Inc., the world's largest retailer, said it's testing its own mobile payment system that will allow shoppers to pay with any major credit or debit card or its own store gift card through its app at the cash register. read more >

Retail Analysts Say Wal-Mart's Become Too Big to Manage

Retail Analysts Say Wal-Mart's Become Too Big to Manage

Restaurants & FoodCover Story

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 >

Wal-Mart Stock Drops 10 Percent Amid Lowered Projections

Wal-Mart Stock Drops 10 Percent Amid Lowered Projections

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. read more >

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

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

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. read more >

Wal-Mart Tests In-Store Lockers for Online Orders

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. read more >