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The Latest Breaking News from John Furner

Walmart CEO Doug McMillon retiring after 11 years as he names his replacement

The current CEO transformed the business during his time at the helm

The Independent UK

Walmart CEO says paying its star managers upwards of $620,000 yearly empowers them to ‘feel like owners’

From Rolls-Royce to Volkswagen, companies are betting big on pay hikes to fix culture—because money still talks.

Fortune

Walmart is determined to win the Thanksgiving meal value wars with a $40 dinner for 10 people

The Butterball turkey is at its lowest price since 2019, Walmart U.S. president and CEO John Furner said.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Why Walmart's CEO says AI won't lead to lower headcount

AI will create jobs to replace those it eliminates at Walmart.

Fortune

Newly-minted grads only make up just 5% of the workforce but they’re playing an ‘oversized’ role driving up unemployment

Landing a job is only getting more difficult for graduates, potentially strengthening arguments from the likes of Jamie Dimon about focusing on job-ready skills as opposed to college degrees.

Fortune

Walmart CEO says paying its star managers upwards of $620,000 yearly empowers them to ‘feel like owners’

From Rolls-Royce to Volkswagen, companies are betting big on pay hikes to fix culture—because money still talks.

Fortune

Dolly Parton Donates Millions to Hurricane Relief, Partners with Walmart to Donate Millions More

Parton shared that she would personally donate $1 million and the Dollywood Foundation would be donating another $1 million. Walmart pledged $10 million.

Latin Times

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Walmart To Give Bonuses To 700,000 US Hourly Workers

Both part-time and full-time associates will be eligible for bonuses of up to $1,000 annually.

International Business Times

Nestlé is rolling out a new food brand just for Ozempic and Wegovy users

The company says its Vital Pursuit line, priced under $5, is high in protein and vitamins, addressing nutrient deficiencies that Ozempic and Wegovy users may have.

Fortune

Walmart Unveils Plans To Open 150 Large-Format Stores In Next Five Years

The company, which already operates in more than 4,600 stores across the country and nearly 600 Sam's Club warehouses, aims to extend its footprint further.

International Business Times

Coca-Cola CEO says company has outmaneuvered Ozempic because it’s been preparing for a low-calorie future for years

Coca-Cola CEO James Quincey says the company is ready for Ozempic and Wegovy, as it's been shifting to healthier products for years.

Fortune

Nestle working on 'companion products' for Ozempic users

CEO Mark Schneider said the group was working on “companion products” for people using weight-loss aiding drugs

Fortune

Weight loss-aiding drugs Ozempic and Wegovy are dampening food sales, top Walmart exec says

The drugs, although not officially approved for use in weight loss, have been touted as a “miracle” treatments for obesity.

Fortune

Walmart CEO: Virginia store will remain closed ‘for the foreseeable future’

NORFOLK, Va. — The Chesapeake Walmart where police said a manager shot six people and himself to death will remain closed for “the foreseeable future,” according to a company executive.

Tribune News Service

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Tribune News Service

PepsiCo Foods CEO believes ‘your attitude will determine your altitude’

If you want to see Steven Williams’ eyes light up, mention Nacho Cheese Doritos.

Tribune News Service

Here’s what Walmart is doing to fight inflation

FAYETTEVILLE, Ark. — Walmart CEO Doug McMillon says the retail giant is closely watching its core shopper while working on ways to lower its costs and navigate 40-year-high inflation.

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