Wal-Mart Stores, Inc. announces series of leadership moves in its International division

Bentonville, Ark., 2016-Jun-19 — /EPR Retail News/ — Today, Wal-Mart Stores, Inc. (NYSE: WMT) today announced a series of leadership moves in its International division. Andy Clarke, President and Chief Executive Officer at Asda, has decided the timing is right to step aside from his role with the company. Over more than 20 years with Asda, […]

Wal-Mart Stores, Inc. acquires the outstanding shares in Yihaodian; taking full ownership of its fast-growing e-commerce business in China

SHANGHAI, CHINA,  2015-7-24 — /EPR Retail News/ — Wal-Mart Stores, Inc. (NYSE: WMT) today announced it has acquired the outstanding shares in Yihaodian, taking full ownership of its fast-growing e-commerce business in China.  Wang Lu, president and CEO of Walmart Global eCommerce in Asia, will lead Yihaodian as part of his overall executive responsibilities. With full […]

Greg Penner elected Board Chairman Wal-Mart Stores, Inc.

Succeeds Rob Walton Who Will Continue to Serve as a Director FAYETTEVILLE, Ark., 2015-6-8 — /EPR Retail News/ — The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) today announced the election of Greg Penner, who previously served as the Board’s Vice Chairman, to the position of Board Chairman, effective at the end of today’s […]

Wal-Mart Stores, Inc. presents its capital expenditure plans for the next fiscal year ending Jan. 31, 2016

Investments in e-commerce and digital initiatives are expected to range between $1.2 and $1.5 billion in fiscal year 2016, up from approximately $1.0 billion, estimated for this year. The company will add between 26 and 30 million net retail square feet worldwide next year, a decrease from this year’s anticipated 32 to 34 million square […]