Content about Walmart International

January 4, 2013
Format experimentation on international agenda

Walmart SVP Lev Khasis was elevated to the new role of president and CEO of new formats for Walmart International, according Reuters and Bloomberg reports citing a Walmart spokesman.

Walmart SVP Lev Khasis was elevated to the new role of president and CEO of new formats for Walmart International, according Reuters and Bloomberg reports citing a Walmart spokesman.

Khasis joined Walmart in 2011 after working for Russian retailer X5, a company Walmart reportedly had an interest in acquiring. The spokesman said Khasis will focus on developing store concepts that can be deployed across markets.

April 13, 2012
McMillon balances freedom and framework internationally

More framework and less freedom is how Walmart International president and CEO Doug McMillon described the subtle shift occurring within a $126 billion division where he is looking to drive improved performance with a “powered by Walmart” approach.

More framework and less freedom is how Walmart International president and CEO Doug McMillon described the subtle shift occurring within a $126 billion division where he is looking to drive improved performance with a “powered by Walmart” approach.

November 15, 2011
Walmart turns the comps corner as holidays arrive

Walmart delivered a long awaited same-store sales increase of 1.3% at its U.S. stores division in the third quarter and pointed to ongoing momentum for the holidays with comps guidance in the range of flat to up 2%.

BENTONVILLE, Ark. — Walmart delivered a long awaited same-store sales increase of 1.3% at its U.S. stores division in the third quarter and pointed to ongoing momentum for the holidays with comps guidance in the range of flat to up 2%.

September 28, 2011
'Broader' challenges await new Walmart Canada head

In her new role as president and CEO of Walmart Canada, Shelley Broader will be tasked with addressing new competition from Target and other retailers expanding into Canada.

BENTONVILLE, Ark. — In her new role as president and CEO of Walmart Canada, Shelley Broader will be tasked with addressing new competition from Target and other retailers expanding into Canada. Broader, who joined Walmart Canada in 2010 as chief merchandising officer, will assume her new role effective immediately.

Prior to Walmart, Broader held a range of key positions with Michael's and Hannaford Bros.Wal-Mart Stores, Inc.

May 31, 2011
Walmart gets green light in South Africa

It may have taken longer than originally thought, but competition authorities in South Africa cleared the way for Walmart to move forward with its acquisition of Massmart, the company announced Tuesday.

It may have taken longer than originally thought, but competition authorities in South Africa cleared the way for Walmart to move forward with its acquisition of Massmart, the company announced Tuesday.

May 19, 2011
Comps, currency and 54 new stores boost international sales

Sales at Walmart’s international division increased 11.5% to $27.9 billion, aided to a large degree by a $1.3 billion currency exchange benefit, without which the sales increase would have been a more modest 6.2%.

Sales at Walmart’s international division increased 11.5% to $27.9 billion, aided to a large degree by a $1.3 billion currency exchange benefit, without which the sales increase would have been a more modest 6.2%.

February 24, 2011
International shines brightest in challenging quarter

If there was a bright spot to Walmart’s fourth-quarter results it was the international division where sales increased in every country, expansion surged and operating profits increased 9.7% to $5.4 billion on sales that increased 7.6% to $104.8 billion. Those results are on a constant currency basis that assumes foreign exchanges rates are consistent year over year and present a more accurate view of country-by-country performance.

If there was a bright spot to Walmart’s fourth-quarter results it was the international division where sales increased in every country, expansion surged and operating profits increased 9.7% to $5.4 billion on sales that increased 7.6% to $104.8 billion. Those results are on a constant currency basis that assumes foreign exchanges rates are consistent year over year and present a more accurate view of country-by-country performance.

September 27, 2010
Walmart eyes African expansion with Massmart deal

Walmart and Africa’s leading retailer Massmart Holdings Limited are in talks that could lead to a $4.4 billion deal, the companies announced early Monday.

Walmart and Africa’s leading retailer Massmart Holdings Limited are in talks that could lead to a $4.4 billion deal, the companies announced early Monday. The nonbinding proposal outlined by the companies envisions an all cash deal in which Walmart would pay 148 South African Rand, or roughly $21 per share, to acquire Massmart’s outstanding shares.

September 26, 2010
Walmart eyes African expansion with Massmart deal

Walmart and Africa’s leading retailer Massmart Holdings Limited are in talks that could lead to...