Doug McMillon

World's largest retailer Walmart said its US $16 billion investment in Flipkart may negatively impact its earnings per share (EPS) by US $0.25-0.30 in fiscal year 2019, even though it remains excited about what the future holds in the...

World’s largest retailer Walmart Inc has tried to assuage concerns around its US $16 billion takeover of Flipkart, saying the deal is good for the country as it will help create millions of jobs over time and help the...

Within hours of adding Flipkart to its shopping cart at a US $16 billion price tag, Walmart CEO Doug McMillon told the e-retailer's employees that the deal was among the best decisions and emphasised that India was the best...

Walmart has picked up 77 percent stake in Bengaluru-based e-commerce major for a whopping US $16 billion.“Walmart will pay approximately US $16 billion for an initial stake of approximately 77 percent in Flipkart, formally Flipkart Private Limited. The remainder...

Walmart is reportedly closing in on a big acquisition of Flipkart, and if it happens, India’s retail market could face a major upheaval soon.According to Bloomberg, Walmart hopes to acquire a controlling interest in Flipkart for US $12 billion...

Walmart Stores Inc, the world’s largest retailer, is in talks to buy 15 to 20 per cent stake in Indian e-commerce major Flipkart.According to a PTI report: Walmart Global CEO Doug McMillon was in India recently and during the...

Walmart President and CEO Doug McMillon and Rakuten Chairman, President and CEO Hiroshi 'Mickey' Mikitani met in Tokyo to announce a new strategic alliance that leverages each company’s unique strengths and assets to expand consumer reach and enhance how...

Walmart Stores Inc. has announced that Judith McKenna will be promoted to President and Chief Executive Officer (CEO) of Walmart International, the company’s second-largest operating segment. She will be succeeding David Cheesewright, who has been in role since 2014...

Walmart, the world's largest private employer, is boosting its starting salary for US workers to US $11 an hour, giving a one-time cash bonus of up to US $1,000 to eligible employees and expanding its maternity and parental leave...

Walmart on Wednesday announced it will change the company's legal name from Wal-Mart Stores, Inc. to Walmart Inc effective February 1, 2018. Walmart said it is changing its legal name as the company looks to emphasize its shift from a...