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Walmart+ 'Looks Very Different' Than Amazon Prime, Experts Say
Wednesday, September 2, 2020 - 9:39am | 511Read More...Retail giant Walmart Inc (NYSE: WMT) announced Walmart+ on Monday, a new subscription program that some experts are saying is not designed to be a direct competitor to Amazon.com, Inc.'s (NASDAQ: AMZN) Prime. Walmart Says It's Not Targeting Amazon: Walmart's new service...
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Walmart's Q2 'Phenomenal,' Says Former US CEO
Tuesday, August 18, 2020 - 9:41am | 392Read More...Retail behemoth Walmart Inc (NYSE: WMT) reported Tuesday morning with such a strong second-quarter earnings beat that it even shocked a former top Bentonville executive. Walmart Q2 Recap: Walmart said it earned $1.56 per share in the second quarter on revenue of $137.74 billion versus expectations...
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Ex-Walmart Exec On Supporting American Manufacturing: 'Production Needs To Be Closest To The Point Of Consumption'
Monday, July 20, 2020 - 11:42am | 395Read More...Former Walmart Inc (NYSE: WMT) U.S. CEO Bill Simon and former South Carolina Gov. Nikki Haley wrote in a Fortune op-ed American companies need to consider shifting production back to the U.S. or at least source materials from U.S.-friendly companies. What Happened: Despite what many people...
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Walmart's Exposure To China 'Overestimated', Ex-Exec Says
Tuesday, February 18, 2020 - 11:05am | 396Read More...The coronavirus and its impact on American companies was made clear in Apple Inc.'s (NASDAQ: AAPL) revenue warning but what's less clear is the impact to retailers like Walmart Inc (NYSE: WMT). According to Bill Simon, former president and CEO of Walmart U.S., the company's dependence...
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Retail Roundup: Target, Lowe's Report Earnings Beats; Pros Say Recession, Tariff Concerns Overblown
Wednesday, August 21, 2019 - 3:51pm | 727Read More...Wednesday's trading session was a busy day for investors with exposure to the retail space, as Target Corporation (NYSE: TGT) and Lowe's Companies, Inc. (NYSE: LOW) each reported strong second-quarter results. Three Tailwinds Target and Lowe's share three similar tailwinds that...
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Amazon Raises Minimum Wage To $15/Hour, Impacting 350K Employees
Tuesday, October 2, 2018 - 2:11pm | 667Read More...Hundreds of thousands of Amazon.com, Inc. (NASDAQ: AMZN) employees will see have bigger paychecks next month. What Happened Amazon said Tuesday it will pay every employee at least $15 per hour as of Nov. 1. The pay increase will directly benefit more than 250,000 current employees along with...
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Ex-Walmart Exec Isn't 'Skeptical,' But Questions Retailer's Digital Strategy
Wednesday, May 30, 2018 - 12:25pm | 576Read More...Ahead of retail giant Walmart Inc (NYSE: WMT)'s annual investor day presentation, ex-Walmart U.S. CEO Bill Simon laid out some questions that might be on investor's minds. Walmart Is A Different Company Today Simon departed Walmart in 2014, and much has changed at the corporate level, the...
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Wal-Mart's Woes In Attracting Clients No Different From Luxury Retailers
Tuesday, August 19, 2014 - 3:29pm | 743Read More...When asked to comment on how the retailer's core customer is adapting to the challenging economy, Wal-Mart's (NYSE: WMT) former president and CEO of Wal-Mart U.S. Bill Simon told Reuters, “We've reached a point where it's not getting any better, but it's not getting...
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Wal-Mart Earnings Preview: Is A Disaster Looming?
Wednesday, August 13, 2014 - 1:32pm | 919Read More...Wal-Mart (NYSE: WMT) will report its second quarter results before Thursday's market open. Wal-Mart last reported its results on May 15. The retailer earned $1.10 per share, $0.05 less than analysts expected. Revenue of $114.9 billion fell short of expectations by nearly $1.4 billion. Wal...
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Top 5 Food Store Chain Expansions For 2014
Thursday, August 7, 2014 - 11:29am | 863Read More...The way consumers buy groceries is changing. According to the 2014 Deloitte American Pantry Study, cross-channel shopping for groceries is becoming the norm. The definition of “grocery store” has evolved. That fact rings true when examining expansion plans among the top five...
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Markets Steady Despite Mixed Economic Data
Thursday, July 24, 2014 - 3:42pm | 2792Read More...U.S. stocks were little changed as economic data came in mixed. The Commerce Department reported that new home sales fell in the month June, while initial jobless claims came in better than expected. Investors and traders cheered positive quarterly results from Facebook and Ford, while news...
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Wal-Mart Names Doug McMillon as New CEO
Monday, November 25, 2013 - 1:55pm | 369Read More...Doug McMillon, head of Wal-Mart Stores (NYSE: WMT) international business, is set to replace Mike Duke as the company's chief executive officer early next year. Various news sources on Monday reported that the 47-year-old McMillon will succeed the 63-year-old Duke to become the fourth CEO of Wal-...
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Wal-Mart CEO Bill Simon Expects A Healthy Black Friday
Tuesday, October 29, 2013 - 9:21am | 442Read More...The holidays are typically a great time for retailers like Wal-Mart. Wal-Mart (NYSE: WMT) U.S. President and CEO Bill Simon appeared on CNBC's Squawk Box to talk about the holiday season, as well as consumer awareness surrounding the budget battling ensuing in Washington D.C.. "The holiday...
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Walmart Express Stores Roll Out Next Week
Saturday, June 4, 2011 - 11:09am | 213Read More...Walmart (NYSE: WMT) has seen eight straight quarters of negative same-store sales. But its smaller Walmart Neighborhood Market stores saw a sales increase of 4% in the first quarter of 2011. The retail giant now says it will begin testing an even smaller-store format called Walmart Express. The...
