Content about Charles Holley

October 17, 2013

Walmart said its worldwide capital expenditure budget for the 2014 will range between $11.8 billion and $12.8 billion, roughly $200 million less than the company expects to spend during the current year, even as it adds more selling space.

September 5, 2013

When Walmart lowered its full year sales forecast last month the company said customer were being cautious with their spending. Maybe so, but that wasn’t the case in new car showrooms were automakers reported record sales and in the process created new holiday headwind for Walmart and other retailers.

June 7, 2013

Walmart’s board of directors has given the company the green light to repurchase $15 billion of its shares, effective June 6, the company announced at its annual shareholders meeting.

March 15, 2013

Walmart CFO Charles Holley weighed in on the retailer’s growth priorities earlier this week during a presentation to investors at the Bank of America Merrill Lynch Consumer & Retail Conference.

February 22, 2013

President and CEO of Walmart Global eCommerce, Neil Ashe, made a cameo appearance during Walmart’s fourth quarter earnings presentation to shed light on omnichannel investments that caused the company to forecast 2013 profits below analysts’ estimates.

March 15, 2012

As Walmart CFO Charles Holley noted recently during an investor conference, the company was pleased with its February sales. Unseasonably warm weather surely played a role as did a surge in promotional activity which seems oddly inconsistent with the company’s renewed emphasis every day low prices. The number of ad pages increased 58% to 41 total pages compared to 26 the prior year, according to promotional research firm Market Track.

March 9, 2012

It seems like forever ago that Walmart stopped reporting monthly sales and providing regular guidance updates, which is why one comment by Walmart CFO Charles Holley stood out above all the others he made this week at the Bank of America Merrill Lynch Consumer & Retail Conference.

February 29, 2012

Three Wal-Mart Stores executives are scheduled to speak at two key retail conferences on March 7.

June 6, 2011

Heading into last Friday’s annual meeting, the financial community had high expectations Walmart would allocate additional funds to buy back stock, and the company didn’t disappoint. The $15 billion share repurchase authorization CFO Charles Holley announced replaced an existing $15 billion program approved one year earlier that had dwindled to just $2 billion due to the fact that Walmart was an aggressive purchaser of its own stock during the past 12 months.

May 26, 2011

Walmart CFO Charles Holley participated in the Citi Global Consumer Conference this past Tuesday, and he had the challenge of appearing just one week after Walmart released first-quarter results. Given the timing, it would have been reasonable to expect that he wouldn’t have a lot of new information to share, and while he certainly covered a lot of familiar ground, there was one area that stood out.

February 24, 2011

There’s no way to sugarcoat the 1.8% same-store sales decline produced by Walmart’s U.S. stores division during the fourth quarter, especially after management vowed last fall that comps would turn positive during the period and end six quarters of negative results. Being so far off on sales guidance does not speak well of management’s forecasting abilities or grasp of the complexity issues that have contributed to sales weakness, and Wal-Mart Stores president and CEO Mike Duke acknowledged as much when he noted that “some of the pricing and merchandising issues in Walmart U.S. ran deeper than we expected, and they require a response that will take time to see results.”

The 1.8% comp decline is not only disappointing, but it also serves as a distraction from positive results elsewhere in the organization like an overgrown mole in the middle of a supermodel’s forehead. It’s just hard not to keep looking at that mole, or in Walmat’s case, a negative 1.8% comp even though the company has many other attractive features.

November 9, 2010

Wal-Mart Stores announced that Jeff Davis has been promoted to SVP and treasurer, effective Dec. 1....

September 29, 2010

Veteran finance executive Charles Holley was named to replace Tom Schoewe as CFO of Wal-Mart Stores Inc., the company announced late Wednesday.

September 28, 2010

Veteran finance executive Charles Holley was named to replace Tom Schoewe as CFO of Wal-Mart...

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