Content about Mike Duke

December 10, 2013

David Cheesewright has been promoted to president and CEO of Walmart International, the company's second-largest operating segment.

Currently president and CEO of Walmart's Europe, Middle East and Africa (EMEA) and Canada region, David Cheesewright has been promoted to president and CEO of Walmart International, the company's second-largest operating segment.

Cheesewright will report to Doug McMillon, who was tapped to succeed Mike Duke as the company's president and CEO. Both assume their new roles Feb. 1, 2014. Cheesewright's successor will be named at a later date.

November 25, 2013

Walmart International president and CEO Doug McMillon was given the nod over Walmart U.S. president and CEO Bill Simon to succeed Mike Duke as president of Wal-Mart Stores, Inc., the company announced Monday morning.

Walmart International president and CEO Doug McMillon was given the nod over Walmart U.S. president and CEO Bill Simon to succeed Mike Duke as president of Wal-Mart Stores, Inc., the company announced Monday morning. 

August 15, 2013

Walmart reported weaker than expected second-quarter same-store sales at its U.S. division and lowered its full-year profit forecast, suggesting global economic conditions remain challenging.

BENTONVILLE, Ark. — Walmart early on Thursday reported weaker than expected second-quarter same-store sales at its U.S. division and lowered its full-year profit forecast, suggesting global economic conditions remain challenging.

May 22, 2013

Bartlett was most recently president and CEO of the U.S. arm of Hill+Knowlton Strategies, a global business advisory firm serving corporations, nonprofits and associations in 52 countries.

BENTONVILLE, Ark. — Walmart has appointed Dan Bartlett, former senior counselor to George W. Bush, as its EVP of corporate affairs. Bartlett was most recently president and CEO of the U.S. arm of Hill+Knowlton Strategies, a global business advisory firm serving corporations, nonprofits and associations in 52 countries.

May 16, 2013

Walmart Stores reported profit and sales lower than Wall Street expectations as the retail giant struggled against the payroll tax increase, delayed tax returns and an unseasonably cold spring impacting its U.S. sales.

Bentonville, Ark. — Walmart Stores on Thursday reported profit and sales lower than Wall Street expectations as the retail giant struggled against the payroll tax increase, delayed tax returns and an unseasonably cold spring impacting its U.S. sales. The retailer also scaled back its earnings expectations for the current three-month period.

Walmart’s net income rose 1.1% to $3.8 billion. Revenue edged up 1%, to $113.4 billion.

November 15, 2012

Walmart maintained an optimistic outlook for the holiday season despite a 1.5% third-quarter comp increase that reflected a modest deceleration in sales momentum seen earlier this year.

BENTONVILLE, Ark. — Walmart maintained an optimistic outlook for the holiday season despite a 1.5% third-quarter comp increase that reflected a modest deceleration in sales momentum seen earlier this year.

May 17, 2012

First-quarter profits at Walmart exceeded analysts’ estimates as same-store sales increased 2.6% and the company said its strategy of low prices on a broad merchandise assortment is resonating again with shoppers.

BENTONVILLE, Ark. — First-quarter profits at Walmart exceeded analysts’ estimates as same-store sales increased 2.6% and the company said its strategy of low prices on a broad merchandise assortment is resonating again with shoppers.

May 2, 2012

The Network of Executive Women is honoring Mike Duke, president and CEO of Wal-Mart Stores, with its William J. Grize Diversity Hall of Fame Award, on June 28 during Women's Day at the LPGA in Rogers, Ark.

CHICAGO — The Network of Executive Women is honoring Mike Duke, president and CEO of Wal-Mart Stores, with its William J. Grize Diversity Hall of Fame Award, on June 28 during Women's Day at the LPGA in Rogers, Ark. The award, named after the late CEO of Ahold USA, who was an early advocate of industry diversity, is bestowed upon industry leaders who have demonstrated "an enduring commitment to the advancement of women and to creating a diverse and inclusive workplace," NEW announced.

January 20, 2012

In an unexpected turn of events, Brian Cornell is stepping down as Sam’s Club president and CEO and will be replaced by Rosalind Brewer, who currently serves as president of the Walmart U.S. East business unit.

BENTONVILLE, Ark. — In an unexpected turn of events, Brian Cornell is stepping down as Sam’s Club president and CEO and will be replaced by Rosalind Brewer, who currently serves as president of the Walmart U.S. East business unit. The company announced a number of other senior personnel changes as well in advance of the new fiscal year.

In a statement, Walmart said Cornell, 52, recently informed the company that he and his wife would like to move back to the Northeast for family reasons. His departure comes as Sam’s has experienced strong sales growth.

November 15, 2011

Walmart delivered a long-awaited same-store sales increase of 1.3% at its U.S. stores division in the third quarter and pointed to ongoing momentum for the holidays with comps guidance ranging from flat to up 2%.

BENTONVILLE, Ark. — Walmart delivered a long-awaited same-store sales increase of 1.3% at its U.S. stores division in the third quarter and pointed to ongoing momentum for the holidays with comps guidance ranging from flat to up 2%.

September 27, 2011

Wal-Mart Stores is in search of a new head of its global e-commerce and global sourcing businesses, now that Eduardo Castro-Wright announced his retirement effective July 1, 2012.

BENTONVILLE, Ark. — Wal-Mart Stores is in search of a new head of its global e-commerce and global sourcing businesses, now that Eduardo Castro-Wright announced his retirement effective July 1, 2012. Walmart said it intends to name new leadership for these businesses by the end of January, after which Castro-Wright will assist in the transition.

August 16, 2011

Despite the absence of top line growth at Walmart’s U.S. stores division, second-quarter earnings grew 12.4% to $1.09 and came in a penny ahead of analysts’ estimates, which was enough for the company to narrow and increase the range of its full-year profit forecast.

BENTONVILLE, Ark. — Despite the absence of top line growth at Walmart’s U.S. stores division, second-quarter earnings grew 12.4% to $1.09 and came in a penny ahead of analysts’ estimates, which was enough for the company to narrow and increase the range of its full-year profit forecast.

June 20, 2011

The new small-format Walmart Express stores that opened earlier this month are an interesting concept with intriguing growth potential. But for the time being, and possibly for much longer, competitors need not concern themselves with the small stores.



BENTONVILLE, Ark. — The new small-format Walmart Express stores that opened earlier this month are an interesting concept with intriguing growth potential. But for the time being, and possibly for much longer, competitors need not concern themselves with the small stores.


At least that’s what Walmart wants the marketplace to believe following the opening of the first few of the 15,000-sq.-ft. stores earlier this month in northwest Arkansas.


June 3, 2011

After nearly four hours of music, cheering, celebrity appearances and brief presentations by senior executives, Walmart president and CEO Mike Duke wrapped up the company’s annual shareholders’ extravaganza Friday morning by sharing five priorities associated with serving what he called the next generation of customers.

BENTONVILLE, Ark. — After nearly four hours of music, cheering, celebrity appearances and brief presentations by senior executives, Walmart president and CEO Mike Duke wrapped up the company’s annual shareholders’ extravaganza Friday morning by sharing five priorities associated with serving what he called the next generation of customers.

May 17, 2011

Walmart reported first-quarter earnings that were above the company's guidance, reflecting stability and strength in global operations, according to company president and CEO Mike Duke.

BENTONVILLE, Ark. — Walmart reported first-quarter earnings that were above the company's guidance, reflecting stability and strength in global operations, according to company president and CEO Mike Duke.

Walmart's net income was $3.4 billion, or 98 cents per diluted share, compared with net income of $3.3 billion, or 87 cents per diluted share.

February 22, 2011

Despite gains in its international sector, Walmart experienced its seventh straight quarterly sales decline in its U.S. stores division for the period ended Jan. 31.

BENTONVILLE, Ark. — Despite gains in its international sector, Walmart experienced its seventh straight quarterly sales decline in its U.S. stores division for the period ended Jan. 31.

Walmart said although sales at its international stores rose 27%, its U.S. store sales fell short of its own projections for the holiday period. Sales at U.S. Walmart stores fell 0.5% to $71.1 billion, and were down 1.8% on a comparable-store basis, the company said.

November 17, 2010

Former Walmart executive Jack Shewmaker passed away Wednesday evening. He was 72....

ROGERS, Ark. Former Walmart executive Jack Shewmaker passed away Wednesday evening. He was 72.

 

Shewmaker began his career at Walmart in 1970 and rose steadily through the ranks of the company, serving in numerous capacities, including district manager; VP security (now known as loss prevention); VP store operations; EVP store operations, personnel and merchandise; CFO; and president and COO. Shewmaker retired from the company in1988, but continued as a member of Walmart’s board of directors.

 

November 15, 2010

Weak sales trends continued at Walmart’s U.S. stores division during the third quarter as same-store...

BENTONVILLE, Ark. Weak sales trends continued at Walmart’s U.S. stores division during the third quarter as same-store sales declined 1.3%; however, the company managed to meet analysts’ third-quarter earnings per share target of 90 cents.

 

Inclusion of a five cents a share tax benefit resulted in third-quarter earnings per share of 95 cents and caused the company to raise the full-year profit forecast to a range of $4.08 to $4.12 from $3.95 to $4.05.

 

 

June 29, 2010

BENTONVILLE, Ark. (June 29, 2010) — Bill Simon was given one of the biggest jobs in retail on June 29 when he was named president and CEO of Walmart U.S., assuming vice chairman Eduardo Castro-Wright’s responsibilities for the $258 billion division.