walmart Archives - CFO

Walmart Sued for Illegal Toxic Waste Disposal

Risk & Compliance

Walmart Sued for Illegal Toxic Waste Disposal

California officials allege the retail giant unlawfully disposes of more than one million items of hazardous waste each year in the state.

By Matthew Heller | December 21, 2021

Walmart CFO Brett Biggs Is Stepping Down

Walmart CFO Brett Biggs Is Stepping Down

Biggs will remain with the retailer until a successor is named next year. He expects to leave the company in January 2023.

By Vincent Ryan | November 29, 2021

Walmart Confirms No Partnership With Litecoin

Walmart Confirms No Partnership With Litecoin

A fake press release said the retailer would begin accepting payments in Litecoin, driving up the cryptocurrency's price by over 26%.

By Lauren Muskett | September 13, 2021

Walmart Is Hiring a Digital Currency and Cryptocurrency Product Lead

Walmart Is Hiring a Digital Currency and Cryptocurrency Product Lead

The executive will be in charge of identifying crypto-related investment and developing a digital asset strategy.

By Vincent Ryan | August 18, 2021

Flipkart Gets $3.6B to Invest in Indian E-Commerce

Corporate Finance

Flipkart Gets $3.6B to Invest in Indian E-Commerce

The largest-ever funding round for an Indian startup "reflects the promise of digital commerce in India."

By Matthew Heller | July 13, 2021

Justice Department Sues Walmart Over Opioid Prescriptions

Risk & Compliance

Justice Department Sues Walmart Over Opioid Prescriptions

The retail giant called the suit a "transparent attempt to shift blame" and vowed to defend itself in court.

By Lauren Muskett | December 23, 2020

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

Walmart Offloads 85% Stake in Seiyu to KKR, Rakuten

Walmart Offloads 85% Stake in Seiyu to KKR, Rakuten

KKR will acquire 65% of the Japanese retailer and Rakuten will take a 20% share through a newly-created subsidiary.

By Lauren Muskett | November 16, 2020

Walmart Sells U.K. Supermarket Chain Asda

Walmart Sells U.K. Supermarket Chain Asda

The deal values the grocer at $8.8 billion.

By Lauren Muskett | October 2, 2020

Walmart to Launch Subscription Service This Month

Walmart to Launch Subscription Service This Month

The retailer’s new $98 a year subscription program is expected to compete with Amazon Prime.

By Lauren Muskett | September 1, 2020

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

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

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

Walmart to Limit Ammo Sales in ‘Watershed’ Move

Risk & Compliance

Walmart to Limit Ammo Sales in ‘Watershed’ Move

"We are trying to take constructive steps to reduce the risk" that events like the El Paso mass shooting will happen again.

By Matthew Heller | September 4, 2019

Walmart FCPA Case Cites Poor Internal Controls

Risk & Compliance

Walmart FCPA Case Cites Poor Internal Controls

The Securities and Exchange Commission today charged Walmart with dragging its feet on anti-corruption compliance for more than a decade.

By Vincent Ryan | June 20, 2019