The world’s largest company held its annual shareholders meeting Friday morning and the most noteworthy development at the event — aside from a $15 billion share repurchase authorization — was a surprise appearance and glowing comments by Hollywood heavyweight Tom Cruise.
For much of the past decade the persistent problem Walmart had to address with shareholders at its annual meeting was a long dormant share price. That’s not the case this year, but there are plenty of other issues to concern shareholders.
A lot of buzz this week about Amazon expanding a long-running grocery delivery program in its hometown of Seattle to the Los Angeles area and what it might mean for food retailers. The answer for now is, not much.
Walmart U.S. chief merchandising and marketing officer Duncan Mac Naughton will have some explaining to do next week when he is scheduled to participate in the 33rd Annual William Blair Growth Stock Conference on Wednesday, June 12.
Walmart is putting its money where its mouth is and not only making changes across produce sourcing, training and operations to offer customers fresher produce, but also rolling out a 100% money-back guarantee.
Fayetteville, N.C., is the next stop for Walmart’s Saluting Heroes Together campaign, which together with Operation Homefront, aims to honor the men and women who have served or are currently serving in the military, as well as their families.