Walmart's head of its US division, John Furner, is set to take over as CEO when Doug McMillon retires next year, the company said on Friday. This story is developing.
WMT and TGT navigate tightening budgets with distinct models and tech-driven strategies that define a compelling retail matchup.
CNBC's Becky Quick reports on the latest news from Walmart.
Walmart said on Friday that CEO Doug McMillon will retire next year and will be replaced by insider John Furner as the new top boss.
Walmart (WMT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Walmart (WMT) stock has stalled after a strong run, now facing high expectations and a premium 39x forward P/E valuation. Recent growth is driven mainly by e-commerce, but increased investments and competition are pressuring WMT's margins and earnings growth. WMT's new ChatGPT partnership raises concerns about customer economics and competitive positioning against Amazon, Uber, and DoorDash.
Walmart's rapid e-commerce growth, surging ad revenues and stronger digital margins highlight its evolving online ecosystem.
President Trump praised Walmart's cheaper Thanksgiving deals as grocery giants offer holiday meal bundles under $40 for families of 10.
WMT's U.S. sales climb 4.6% in Q2 as grocery, health and e-commerce gains offset soft general merchandise trends.
Walmart (WMT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Walmart has launched several new artificial intelligence (AI) tools designed to help customers with their holiday shopping. The tools are now available on the retailer's app and website, according to a Friday (Oct. 31) press release.
WMT's digital expansion and COST's loyal membership base highlight two powerful yet distinct retail growth stories.