1. Corporate Strategy

Walmart CEO Doug McMillon to retire in January after nearly 12 years leading retailer

Written by Posted on Less than 0 min read

The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1.Both changes take effect then.

View Original Article
Post Views: 80
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Channel: Specialty & Other

Jim Cramer says off-price retailer TJX could be ‘eating the carcass’ of Bed Bath & Beyond

​[[“value”:”The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.”]]  View Original Article Bed Bath & Beyond Post Views: 383 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Channel: Club

Wall Street praises Costco as ‘best-in-class’ retailer following strong September sales

Wall Street responded favorably to Club holding Costco’s (COST) September sales figures, proving yet again why the company is the Club’s top retail pick. View Original Article Costco Economy Post Views: 476 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial […]
< 1 min read
0
  1. Trends & External Forces

Carvana stock posts worst day ever as outlook darkens for used vehicle market

Shares of Carvana posted their worst day on record Friday after the company missed Wall Street’s top- and bottom-line expectations for the third quarter. View Original Article Economy Post Views: 449 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market […]
< 1 min read
0
  1. Channel: Mass

Target thinks it can keep growing sales — here’s how the retailer plans to do it

Target’s strategy to keep growing sales includes sweeter perks, a more robust ad strategy and ear piercing. View Original Article Strategy Target Post Views: 516 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by […]
< 1 min read
0
  1. Channel: Home Improvement

Here’s why Home Depot and Lowe’s are booming in a housing market bust

Lowe’s and Home Depot are faring well even as the housing market is going through a rough patch. View Original Article Home Depot Post Views: 438 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Department: HBC

Forgotten no more: Generation X is driving beauty sales

Generation X is one of the biggest beauty spenders, and brands are paying attention. View Original Article Consumers Dept. HBC Post Views: 72 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Associates & Employees

Some restaurant workers could see big wage growth in 2023

[[ Getty Images More than half of U.S. states will hike their minimum wage this year, but some restaurant workers could see even bigger gains in 2023. California’s state minimum wage rose to $15.50 an hour on Jan. 1, but depending on the results of an ongoing court battle, fast-food workers in the state could […]
3 min read
0
  1. Channel: Mass

4 takeaways from the Investing Club’s ‘Morning Meeting’

Bank of America slashed its S&P 500 price target to 3,600 from 4,500, the lowest year-end target on Wall Street. View Original Article Economy Target Post Views: 449 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Trends & External Forces

Jim Cramer says this sportswear business is ‘smoking hot,’ despite currency headwinds

​[[“value”:”Cramer shrugged off foreign-exchange headwinds facing On Holding, instead focusing on underlying growth trends in the business.”]]  View Original Article Predictions and Forecasts Post Views: 281 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Channel: Marketplace

Chinese e-commerce giant JD beats estimates despite slowest quarterly revenue growth on record; shares pop 8%

JD.com said revenue for the first quarter of 2022 totaled 239.7 billion Chinese yuan ($37.8 billion) vs. 236.6 billion yuan expected, a 18% year-on-year rise. View Original Article International Post Views: 461 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial […]
< 1 min read
0
  1. Channel: Restaurants

Starbucks fired the employee responsible for igniting the Starbucks Workers United union campaign

​   ​  [[“value”:”Starbucks fired the employee responsible for igniting the Starbucks Workers United union campaign.”]]    View Original Article Associates Restaurants Post Views: 379 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. ESG

Livestream shopping booms as small businesses strike gold on social media

​[[“value”:”The trend involves a seller broadcasting live video of themselves showing and explaining products while viewers ask questions and make purchases in real time.”]]  View Original Article ESG and CSR Marketing: Social Media Post Views: 388 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news […]
< 1 min read
0
  1. Uncategorized

Stadium developer plans $3 billion sports arena and casino project in Las Vegas

The new project, from Tim Leiweke’s Oak View Group, aims to be ready for an NBA team if one ever comes to Las Vegas. View Original Article Post Views: 471 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Department: Beverage

I walked more than 100 miles in Kyoto. Here are 5 new places worth visiting

​[[“value”:”Artisanal shops are popping up across Kyoto — with matcha, coffee and guided meditation —not far from the city’s temples and famous sights.”]]  View Original Article Dept. Beverage Post Views: 390 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market […]
< 1 min read
0
  1. Channel: Restaurants

Olive Garden parent raises revenue outlook as same-store sales jump

​   ​  [[“value”:”Darden’s same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.”]]    View Original Article Restaurants Results & Investment Post Views: 386 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides […]
< 1 min read
0
  1. Channel: Restaurants

McDonald’s profit grows as inflation-weary customers flock to its restaurants

 [[“value”:”McDonald’s is expecting that short-term inflation will continue in 2023.”]]  View Original Article Economy Restaurants Post Views: 480 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month […]
< 1 min read
0
  1. Department: Nonfood

Chewy and Petco earnings make it clear: Pet health care is their future

​   ​  [[“value”:”Chewy and Petco have bet big on pet health care, which could be the key to long-term success.”]]    View Original Article Chewy Dept. HBC Dept. Pet Health & Wellness Predictions and Forecasts Results & Investment Post Views: 439 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world […]
< 1 min read
0
  1. Department: HBC

Estée Lauder sues Walmart alleging ‘despicable’ sale of counterfeit beauty products

The counterfeits were sold by third-party sellers on Walmart’s marketplace but Estee Lauder alleged the retailer played an active role facilitating those sales. View Original Article Dept. HBC Legal & Criminal Walmart Post Views: 65 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
< 1 min read
0
  1. Stores & Formats

Here’s why Macy’s isn’t splitting its online business from its stores

Macy’s said it will forge ahead as one retailer, despite pressure from activist Jana Partners to split into two entities. View Original Article Brick and Mortar Partnerships Post Views: 484 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Associates & Employees

CVS fires several employees and executives after internal sexual harassment investigation

CVS has fired several employees and executives after an internal investigation into alleged harassment. View Original Article Associates CVS Executives Post Views: 563 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
Next