Doug Mcmillon

9 results

The logo of Flipkart is seen on the company’s office in Bengaluru, India
Walmart to buy controlling stake in India’s Flipkart for $16bn

Walmart will pay $16 billion for a roughly 77 per cent stake in Indian e-commerce firm Flipkart, the US retailer’s largest-ever deal, in an attempt t(...)

The technology inside the new convenience store, opening Jan. 22, 2018 in Seattle, enables a shopping experience like no other – including no checkout lines. (Kyle Johnson/The New York Times)
Amazon debuts the store without a checkout

Five years ago Amazon started working on a secret project: how to eliminate the checkout line in stores. Amazon executives reasoned that most other as(...)

Wlamart is to pay staff bonuses of up to $1,000.
Walmart to raise minimum wage to $11 an hour

Walmart said on Thursday it would raise entry-level wages for hourly employees to $11 an hour as it benefits from the biggest overhaul of the US tax c(...)

While Wal-Mart Stores (whose shops are called Walmart) and Jet will remain distinct brands, they will leverage technology from both companies to develop new offerings
Wal-Mart to buy online retailer Jet.com for about $3.3bn

Wal-Mart Stores said it would buy online retailer Jet. com for about $3.3 billion (€2.9bn) in a deal that will help it to better compete with Amazon. (...)

A shopping cart with a discarded box from a big screen TV in the near empty parking lot of a Walmart in Secaucus, New Jersey
Wal-Mart warns on profit, stock has steepest decline in 25 yrs

Wal-Mart has warned that higher wages as well as spending on e-commerce and lower prices would cut earnings per share as much as 12 per cent next fisc(...)

Jenna Morris trims Nick Bonora’s hair at Bernadette’s Barbershop in Lafayette, Indiana. The store is one of several that display a sticker stating: “This business serves everyone.” Photograph: Nate Chute/Reuters
US states on back foot as religious freedom laws bad for business

The national uproar over new religious freedom state laws has shown how the conflict between defenders of religious liberty and opponents of discri(...)

Staff benefiting from the new policy will from April earn at least $9 an hour, Walmart said. Photograph: EPA/MIKE NELSON
Walmart to raise pay of 500,000 US employees

Walmart plans to spend $1 billion raising the pay for about 500,000 US staff this year as the world’s largest retailer by sales offered further signs (...)

US president Barack Obama: to announce African investment plan at US-Africa Business Forum. Photograph: Chip Somodevilla/Getty Images
Obama to unveil $14bn in US corporate investments in Africa

American companies pledged new investment in Africa today as part of $14 billion (€10.4 billion) in construction, clean energy, banking and informatio(...)

A Wal-Mart on Thanksgiving Day in Alexandria, Virginia, US. The company is closing about 50 underperforming stores out of hundreds it has in the major emerging markets of Brazil and China
Wal-Mart taps insider to head international division

Wal-Mart stores said yesterday the head of its Canadian division would take over the retailer’s international unit next year, succeeding Doug McMillon(...)