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The Latest Breaking News from Doug McMillon

Walmart's automation boom means lower delivery costs and better careers, says CFO

Some of the retailer's physically demanding jobs are evolving, John David Rainey told Fortune.

Fortune

Walmart exec warns customers Trump's tariffs could mean higher prices

“Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”

Fortune

Walmart has mastered the dupe, sending the wealthy flocking to its stores

The company said about 75% of its gains this quarter came from customers making more than $100,000 per year.

Fortune

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Why Walmart Stock's a Buy After Its Beat-And-Raise Quarter

Walmart is the best Dow Jones stock Tuesday after the retail giant's solid earnings report and outlook and Wall Street thinks it's just getting started. Here's what they're saying.

Kiplinger

Walmart Says AI Will Predict What Shoppers Want To Buy This Holiday

The retail giant said it is using AI and GenAI to assist customers with picking out the right gift

International Business Times

JP Morgan's CEO and other top executives on why skills-based hiring is the future of work

A new documentary on Netflix focuses on a skills training program that leads to Fortune 500 internships.

Fortune

Influencer Films Herself Shoplifting At Walmart, Gets Caught By AI Tech And Laughing Clerk

"POV: When you usually don't get caught and now you're banned for 2 years from all Walmarts in [your] area." The post Influencer Films Herself Shoplifting At Walmart, Gets Caught By AI Tech And Laughing Clerk first appeared on Bored Panda.

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Kurt Geiger’s CEO went from cleaning toilets to running a $432 million fashion brand—he says he got promoted by making his boss look brilliant

Neil Clifford would rather step into his bosses’ shoes “than push them over the cliff.”

Fortune

Luxury footwear CEO took over his first store at just 19 and had to sack all the staff who were stealing

Neil Clifford has gone from working at a car dealership and cleaning toilets for extra pocket money to running £330 million-a-year business Kurt Geiger.

Fortune

Rich people are going to Walmart more—and they're a key reason for the company's recent success

CEO Doug McMillon told analysts upper-income shoppers account for most of Walmart’s sales gains.

Fortune

Walmart’s Unusual Options Activity From Wednesday Deserves a Closer Look

Walmart reported quality earnings Thursday before the markets opened. The retailer also raised its guidance for fiscal 2025. That caused Walmart stock to jump on the news. The company’s unusual options activity from Wednesday deserves a closer look.

Barchart

Walmart's shopper surge last quarter should boost retailer's profits for the rest of the year

On its latest earnings call, Walmart beat expectations and raised its guidance for the rest of the year.

Fortune

Why is Trump cozying up to America’s most powerful business leaders?

Stocks are at near record levels. That’s not enough for some corporate CEOs, who want more giant tax cuts

The Guardian - US

Fortune 500 CEOs can't stop thinking about AI—even if they have modest ambitions for the new tech

CEOs are most interested in using AI to automate customer service and back-office tasks—goals they had before the new tech burst onto the scene.

Fortune

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Fortune

How Walmart lured top talent to small town Arkansas

Doug McMillon has focused on changing the company’s reputation.

Fortune

The CEO of Walmart was rejected by Harvard, Stanford, and Wharton business schools, but now runs the Fortune 500's largest company. Here are his 3 tips for success

Doug McMillon has worked at Walmart for 33 years, 10 as CEO.

Fortune

Walmart CEO Doug McMillon keeps fending off Amazon for the top spot on the Fortune 500. Can he and the mega-retailer continue their streak?

Under McMillon, Walmart has gone from also-ran to juggernaut in e-commerce and wooed more upper-income shoppers.

Fortune

From Tide Pods to Coach bags, how Fortune 500 companies use museums of their hits and misses to drive success

Consumer-facing giants like P&G, Delta Air Lines, and Coca-Cola rely on their archives to fine-tune new products.

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International Business Times UK

Walmart Manager Shocked He Can Earn Up To $530K with 200% Performance Bonus And Stocks

Walmart managers lead big teams and walk miles daily inside the store. Recent changes are boosting morale and reducing turnover.

International Business Times

Inflation Sends Rich Consumers To Walmart, As It Is 'Turning The Tables' On Amazon

The persistence of inflation makes wealthy consumers more price-sensitive, leading them to seek bargains at Walmart, which is gaining an edge over Amazon in shopping convenience.

Fortune

Walmart is nabbing Target’s ‘Tar-jay’ rep and Amazon’s delivery crowd as even the wealthy flock to the retail giant

The retailer’s blockbuster earnings are mostly thanks to its focus on groceries and e-commerce.

International Business Times UK

Doug McMillon Unloaded Walmart Trucks For $6.50/Hour In 1984, Now He's The CEO

After decades of working his way up the ranks of the American retailer, the Walmart CEO now earns a salary worth over $25 million a year.

International Business Times

Walmart Says It Will Buy TV Maker Vizio For $2.3 Bn

Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom.

Fortune

Walmart customers behaving so strangely it's making bosses ‘sit up in their chairs’

Walmart CFO John David Rainey said the spending for the last two weeks of October was particularly "puzzling" when compared to prior months.

Fortune

IKEA stores owner to spend $1.1 billion on price cuts next year in deflation boon

Ingka Group's Deputy CEO said people were buying more storage solutions because high house prices had kept them in small spaces.

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