Brett Biggs

Walmart’s E-Commerce Surge Continues in Q3
Financial Performance

Walmart’s E-Commerce Surge Continues in Q3

“We’re convinced that most of the [shift to online shopping] will persist beyond the pandemic," CEO Doug McMillon says.
By Matthew Heller | November 17, 2020
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Walmart Online Sales Grow Record 97% in Q2
Financial Performance

Walmart Online Sales Grow Record 97% in Q2

The surge in e-commerce reflects shifting shopping habits amid the coronavirus pandemic and helped power a 9.3% gain in Walmart's same-store sales.
By Matthew Heller | August 18, 2020
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Walmart Gets Big Boost From Pandemic Panic
Financial Performance

Walmart Gets Big Boost From Pandemic Panic

For many grocery staples and cleaning supply items, "we were selling in two or three hours what we normally sell in two or three days."
By Matthew Heller | May 19, 2020
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Walmart Earnings Miss as Online Growth Slows
Financial Performance

Walmart Earnings Miss as Online Growth Slows

Walmart's Q4 results show “the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online."
By Matthew Heller | February 18, 2020
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Companies Scramble to Ease Impact of China Tariffs
Tax

Companies Scramble to Ease Impact of China Tariffs

Those surveyed by KPMG have employed various strategies to reduce the added cost.
By David McCann | June 19, 2019
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Walmart Shares Jump 9% on ‘Banner’ Quarter
Financial Performance

Walmart Shares Jump 9% on ‘Banner’ Quarter

U.S. same-store sales rose 4.5% — the best growth in more than a decade — amid a particularly strong performance in Walmart's grocery business.
By Matthew Heller | August 16, 2018
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Walmart CEO’s Pay Rises 2% to $22.8 Million
Leadership

Walmart CEO’s Pay Rises 2% to $22.8 Million

Doug McMillon outearned the typical Walmart employee by a ratio of 1,888 to 1 in 2017, the company discloses.
By Matthew Heller | April 20, 2018
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Wal-Mart Heads Into Holidays on Sales Surge
Financial Performance

Wal-Mart Heads Into Holidays on Sales Surge

Grocery categories delivered the strongest quarterly performance in nearly six years and e-commerce grew 50% in the third quarter.
By Matthew Heller | November 17, 2017
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E-Commerce to Power Walmart Sales in 2019
Strategy

E-Commerce to Power Walmart Sales in 2019

"No doubt we are in a transformational period of history. Our future is looking more digital," says CEO Doug McMillon.
By Matthew Heller | October 10, 2017
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Walmart’s E-Commerce Sales Jump 60% in Q2
Financial Performance

Walmart’s E-Commerce Sales Jump 60% in Q2

The retail giant has made aggressive moves to compete with Amazon and now offers online grocery in more than 900 U.S. locations.
By Matthew Heller | August 18, 2017
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Walmart’s Online Sales Increase 29% in Q4
Financial Performance

Walmart’s Online Sales Increase 29% in Q4

Comp sales were up at all Walmart's retail formats though analysts are wondering when sales growth will translate into earnings growth.
By Matthew Heller | February 23, 2017
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Accounting and Finance Roundup for Executives
Corporate Finance

Accounting and Finance Roundup for Executives

Take control of your finance with the company that knows it best, CFO's roundup has the insights you need.
By Kerry Maruna | October 12, 2015
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Wal-Mart CFO to Retire After 5 Years on Job
People

Wal-Mart CFO to Retire After 5 Years on Job

Walmart International CFO Brett Biggs will replace Charles Holley amid challenging times for the retailer, whose stock has fallen 22% this year.
By Matthew Heller | October 9, 2015
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