The company's acquisition of PayPal's U.S. consumer credit portfolio helped boost loan receivables by $11 billion, or 14%.
CFO Richard Galanti says the competitive challenges Costco is facing from Sam's Club and Target are “formidable.”
More than 1.2 million Walmart U.S. and Sam’s Club associates are slated to receive pay increases under the second phase of a program to invest in workers.
The giant retailer is launching a new strategy, emphasizing e-commerce and the customer experience, says CFO Charles Holley.
