Bad weather and a reduction in food stamps led to weaker-than-expected sales at Walmart and Sam’s Club, which combined with greater-than-expected international expense, prompted an uncharacteristic pre-announcement from the company that fourth quarter profits would be worse than expected.
Revelations of job cuts at leading retailers, the latest involving Sam’s Club, are a reminder that pro-active expense control remains retailer’s best friend when it comes to ensuring profitability when faced with a murky outlook for consumer spending.
The Walmart Foundation’s Colorado State Giving Program has awarded $321,000 to eight Colorado nonprofits that are helping to fund local programs to improve education, women’s economic empowerment, healthy eating and fighting hunger.
Walmart U.S. President and CEO Bill Simon joined 280 of the nation's mayors in Washington, D.C., at the U.S. Conference of Mayors Meeting to announce a new fund for innovation in American manufacturing and a new supplier commitment to bring production of bikes and jobs to South Carolina.
Claudine McKenzie has been working in the retail industry with Walmart for more than 17 years. Her career path has given her the opportunity to grow from a part-time sales clerk to a store manager all while obtaining her bachelor’s degree and working on a master’s degree.
Walmart’s health and wellness president John Agwunobi shared wide-ranging thoughts earlier this week regarding the state of health care in America and ways in which the evolving marketplace is impacting Walmart customers.
Walmart’s reputation took another hit this week when major media outlets pounced on a complaint filed by the National Labor Relations Board claiming the retailer illegally retaliated against workers who participated in protests at stores.