Walmart has reported record annual revenue of nearly $560 billionwhich has resulted in $35 billion of growth and $40 billion of growth in constant currency. Walmart also continues to build the next generation business model, investing in automation to fuel future sales and earnings growth. The FY22 capital investments of the company are expected to…
Walmart, a multinational retail corporation, announced it has invested $560 million in Flipkart as part of its $1.2 billion round announced in July, according to the regulatory filings made in Singapore show. The news was first reported by Entrackr. According to the filings, Walmart had been allotted 39,57,960 equity shares in Flipkart’s Singapore unit at…
Donna Morris from Adobe has joined Walmart Inc., as Executive Vice President and Chief People Officer. She will be a part of the executive committee and will be responsible for attracting, retaining and developing talent for the company. Donna is a seasoned HR professional with over 20 years in senior and leadership level HR roles.…
It is learnt that the board of Wal-Mart Stores Inc. has identified two internal candidates to succeed incumbent CEO Mike Duke. The contenders as per a reports by Bloomberg News, are Bill Simon and Doug McMillon. Though Duke isn’t expected to step down immediately, it is understood that Wal-Mart may name his successor soon.…