Doug McMillon’s Pay Hits $27 Million

The prices might be low at Walmart Inc., but Doug McMillon, president and chief executive officer, gets top dollar for running the world’s biggest retailer.  McMillon’s total compensation rose 6.6 percent to $27 million last year from $25.3 million the year before, according to the company’s proxy filing with the Securities and Exchange Commission on … Read more

Wall Street and tech billionaires race to buy banned TikTok

A handful of American finance and tech tycoons are gearing up for multi-billion bids to buy TikTok after President Joe Biden signed an act which will force its Chinese owners to sell the app. The Wall Street and Silicon Valley figures are led by Steven Mnuchin, the former treasury secretary who has openly said he … Read more

Why Are Jewel and Kimbal Musk Working Together in Walmart’s Hometown?

WELL, WELL, WELL: In the ever expanding sphere of unlikely collaborators, the musician Jewel will soon descend on the Walton family’s Crystal Bridges Museum of American Art with help from Elon Musk’s brother Kimbal for the debut of what is being billed as a “career defining experience.” On May 3, the world premiere for “The … Read more

Walmart-Owned Myntra on Tech, Storytelling and Staying Ahead of the Fashion Retail Curve

Competition has heightened dramatically since Myntra, one of India‘s first focused fashion ecommerce players, first launched in 2007, was then acquired by etail giant Flipkart in 2014, which in turn saw a majority investment by Walmart two years later. In an exclusive interview with WWD, Nandita Sinha, Myntra’s chief executive officer, was quick to point … Read more

Despite backlash, some Loblaw stores still discount perishable food by 30% — not 50%

Although Loblaw has now reinstated its popular 50 per cent discounts on perishable food, some customers say they still feel shortchanged.  That’s because more than 100 Real Canadian Superstores owned by Loblaw continue to discount all food nearing its best-before date by only 30 per cent. “I was disappointed,” said Kim Siever when he recently visited his … Read more

Walmart Spring Beauty Glow Up Event 2024: Save Over 50% Off

Shoppers, gear up for Walmart’s first week of savings, which is dedicated to the retailer’s virtual shelves of prestige beauty products. Walmart Spring Beauty Glow Up Event 2024 Hair-Care Deals Dyson Dyson Supersonic Hair Dryer L’Ange L’Ange Hair Le Duo 360° Airflow Styler A Dyson? On sale? Unheard of. The Supersonic blow dryer is an … Read more

Theft Prevention or Money Grab? Walmart’s £76 Yearly Fee for Self-Checkout Raises Eyebrows

In a move that has sparked debate among shoppers and industry observers alike, retail giant Walmart has introduced a new policy at some of its stores, requiring customers to pay a yearly fee of £76 ($98) to access self-checkout lanes. The initiative, part of Walmart’s subscription service called Walmart+, has left many questioning whether it’s … Read more

Sam’s Club Will Use AI To Check Your Cart After You Pay Using Your Phone – Here’s How

Walmart-owned Sam’s Club is introducing a new AI-powered checkout system that will reportedly minimise customers’ wait times. Sam’s Club, the membership-based warehouse retailer, will let customers scan and pay for groceries with an app on their phone, eliminating the need to interact with a checkout machine. “At Sam’s Club US, we’re rolling out new exit … Read more