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...Walmart reported stronger than expected earnings in the three months to the end of April, allowing it to raise its full-year estimates and buck the more wary tone about US consumer spending set by rivals...
...Retail sales, which include spending on food and fuel, rose 0.9 per cent in April, according to the US Census Bureau, matching economists’ forecasts, while March’s increase was revised higher to 1.4 per...
...“The increasing levels of food and fuel inflation are affecting how customers spend,” said Walmart’s chief executive Doug McMillon in a statement....
...Total revenue rose 2.7 per cent year on year to $138bn for the three months to the end of April, beating analysts’ forecasts of $132bn....
...Walmart’s total revenue rose 2.7 per cent year on year to $138bn for the three months to the end of April, beating analysts’ forecasts of $132bn....
...“It’s time for us to dial up our aggressiveness even more,” Walmart chief executive Doug McMillon said at a recent investor day....
...While the crisis provided a business opportunity for Walmart, Mr McMillon said the retailer had “stretched” its supply chain....
...Brian Cornell, Target’s chief executive, highlighted sales of clothing, which had declined 20 per cent in the company’s first quarter overall but “bounced back” towards the end of April....
...The company’s owners, its chief executive Doug McMillon and wealthy board members are too far removed from what is happening in their stores to make sensible decisions....
...Doug McMillon, chief executive, identified the US, Mexico, Canada, India and China as the retailer’s priority markets and said Walmart was “open to alternative ownership structures” in some other markets...
...The economists’ research also appeared in an April McKinsey report about the climate change risks to mortgages in Florida, a state that President Donald Trump will need to defend in the November election...
...We'll be answering your questions here throughout the day on Tuesday, April 14....
...If the final ruling, due on April 30, does not show a softening in the CMA’s position, the two companies could apply for a judicial review of the decision....
...“We were disappointed in a recent change in law and the lack of consultation,” said Doug McMillon, Walmart chief executive, on an investor call in February, adding: “We hope for a collaborative regulatory...
...Doug McMillon, Walmart’s chief executive, said it was a “solid” quarter....
...“Thanks,” replied Mr McMillon. “It didn’t cost much.”...
...The retailer offloaded its majority stake in its Brazilian business in June and merged its UK-based grocer Asda with bigger rival J Sainsbury in April....
...The FT’s Simon Mundy in Mumbai and Arash Massoudi in London report that barring any last-minute complications, Walmart’s chief executive Doug McMillon will be in India this week to announce the takeover...
...Amazon filed a patent in April to develop a “stitch on demand” machine that would automatically make clothes after they have been ordered....
...“The US number is better than the global number but neither is as high as we’d like,” said Doug McMillon, chief executive....
...Last year, Mr McMillon’s total remuneration package was $26m....
...In the quarter to the end of April, Walmart’s US like-for-like sales – a key measure of its performance – fell 0.1 per cent from a year ago, the fifth consecutive quarter in which they have declined....
...When the allegations emerged last April, Mr Duke let it be known that he was “fully supportive” of Walmart’s internal probe....
...For the quarter to the end of April, Wall Street analysts are expecting Walmart to report a slim 0.1 per cent year-on-year rise in US like-for-like sales....
...Walmart also blamed the 2 per cent increase in personal income tax for a 1.4 per cent fall in like-for-like sales from February to April....
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