Walmart’s latest results show continued momentum in digital commerce and the buildout of its online marketplace. The company said on Tuesday (Feb. 20) that overall eCommerce sales surged 23% in the quarter, and eCommerce net sales globally represented about 18% of the net sales logged...
Walmart’s CEO says it’s difficult to project what the retailer’s post-holiday sales will look like. Speaking with CNBC Wednesday (Dec. 6), Doug McMillon said that higher credit card balances and reduced household budgets have called into question how much consumers will spend, despite their recent resilience. “If we...
As food-at-home inflation eases, Walmart, the world’s largest grocer, predicts that consumer spending is going to shift away from the category toward general merchandise. In a fireside chat Tuesday (Sept. 12) for the 2023 Goldman Sachs Global Consumer Conference, the mega-retailer’s president and CEO Doug McMillon noted...
Walmart has announced major leadership changes within the company, with Judith McKenna, the president and CEO of Walmart International, set to retire after 27 years with the retailer. Effective Sept. 11, Kath McLay will take over as the president and CEO of Walmart International, while Chris Nicholas will assume...
February 20, 2024
Walmart’s latest results show continued momentum in digital commerce and the buildout of its online marketplace. The company said on Tuesday (Feb. 20) that overall eCommerce sales surged 23% in the quarter, and eCommerce net sales globally represented about 18% of the net sales logged in the quarter, which stood at $173.4 billion. Some Puts […]
April 05, 2023
At its investor day in Tampa, Florida, on April 4-5, Walmart executives laid out a five-year plan that emphasizes membership, choice and a thoroughly modernized customer experience. In his closing...
February 21, 2018
After three consecutive quarters of eCommerce growth that was north of 50 percent, Walmart’s digital sales grew less than half of that last quarter – and investors were less than thrilled. That...
December 06, 2023
Walmart’s CEO says it’s difficult to project what the retailer’s post-holiday sales will look like. Speaking with CNBC Wednesday (Dec. 6), Doug McMillon said that higher credit card balances and reduced household budgets have called into question how much consumers will spend, despite their recent resilience. “If we had been talking last spring or at the beginning of […]
August 16, 2023
Walmart has announced major leadership changes within the company, with Judith McKenna, the president and CEO of Walmart International, set to retire after 27 years with the retailer. Effective Sept. 11, Kath...
November 14, 2019
It looks like Walmart will have some time back at the drawing board when it comes to their great eCommerce upgrade of recent years. During the post-earnings call with investors, CEO...
June 06, 2019
In a somewhat surprising turn of events at Walmart’s annual investor meeting, CEO Doug McMillon voiced his opinion that the time has come for Congress to raise the minimum wage...
