Retail stocks slumped Tuesday as tariff fears returned following President Donald Trump's latest threat against eight European countries.
Walmart's digital sales rise 27% in Q3, driven by faster delivery, marketplace growth and rising member adoption worldwide.
PhonePe, India's largest digital payments company, is reportedly closer to going public. The Walmart-backed firm's initial public offering (IPO) has gotten the approval of regulators, Reuters reported Tuesday (Jan. 20), citing sources familiar with the matter.
Walmart is sprucing up its home goods to attract more high-income shoppers and better compete with the e-commerce titan.
Walmart has more locations, which makes it easier to make same-day deliveries and reduce shipping fees. Amazon is a more diversified business, with exciting growth opportunities in cloud computing, online advertising, and AI chips.
Walmart Inc. named new leaders of Walmart U.S., Walmart International and Sam's Club U.S. David Guggina, executive vice president and chief eCommerce officer for Walmart U.S., will become president and CEO of Walmart U.S., effective Feb. 1, the company said in a Friday (Jan. 16) press release.
WMT confirms international chief Kathryn McLay will exit, stay through Jan. 31, as overseas markets power growth and a successor is lined up.
Walmart is promoting four execs under new CEO John Furner, who takes the reins in February. Among them is US e-commerce chief David Guggina, who will head up the US division, succeeding Furner.
The changes elevate a group of longtime executives and will take effect when the new chief executive takes over next month.
Kathryn McLay, who has been Walmart International's CEO since 2023, will step down but remain with the company through the end of the first quarter to help with the transition.
The retail landscape is officially closer to 2050 than it is 2000. That is redefining the traditional roles of Amazon and Walmart as both seek to compete, win, and push the boundaries of innovation across retail and commerce.
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