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Top related persons:
Mario Anzuoni - 2 Doug McMillon - 2 Judith McKenna - 2 McKenna - 2 Kathryn McLay - 2 Siddharth Cavale - 2 Walmart's - 1 Flipkart - 1
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Rosemead , California U.S Mexico India China New York Bengaluru Canada
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Search resuls for: "Kathryn McLay"


5 mentions found


☆ Strong international sales boosted Walmart's quarterly results
  + stars: | 2023-08-17 | by ( Siddharth Cavale Aishwarya Venugopal | Siddharth Cavale | Aishwarya Venugopal | ) www.reuters.com   time to read: +2 min
REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsNEW YORK, Aug 17 (Reuters) - Resilient U.S. consumer spending drove Walmart's (WMT.N) better-than-expected second-quarter results and forecast hike but its international business on Thursday posted its best quarterly performance in several years. The retail behemoth's international business, which spans 19 countries, posted a 13.3% jump in sales during the second quarter, its strongest result since at least 2016, Refinitiv data shows. The unit posted $27.6 billion in sales, or 17% of the company's quarterly revenue, beating market estimates of $26.12 billion. In India, Walmart's majority-owned business Flipkart posted double-digit sales growth and PhonePe processed more than 5 billion transactions in a single month, Walmart said. "Walmart's international business continues to perform well.
Persons: Mario Anzuoni, Walmart's, Doug McMillon, Flipkart, Judith McKenna, McKenna, Kathryn McLay, Jason Benowitz, Siddharth Cavale, Aishwarya Venugopal, Vanessa O'Connell, Mark Porter Organizations: Walmart, REUTERS, Reuters Graphics, Unilever, Caterpillar, Sam's, Walmart International, Walmart's Sam's, Thomson Locations: Rosemead , California, U.S, Canada, United States, Mexico, India, China, New York, Bengaluru
☆ Walmart promotes CEO of Sam's Club to head International division
  + stars: | 2023-08-16 | by ( Siddharth Cavale Ananya Mariam Rajesh | Siddharth Cavale | Ananya Mariam Rajesh | ) www.reuters.com   time to read: +3 min
Despite these challenges, Walmart International has performed strongly under McKenna's leadership, under which it exited poorly performing operations in Japan, Britain, Argentina and Brazil. McKenna has led Walmart International since 2018, overseeing a multi-year transformation that resulted in the unit delivering more growth and stronger financial results across the board, Walmart CEO Doug McMillon wrote in a memo to employees. Sam's Club, a rival to Costco (COST.O), for years had been an underperforming business with muted sales growth. Sam's Club, a business unit with $84 billion of yearly revenue, has posted 12.7% average annual comparable sales growth since McKay took over the division, according to a Reuters calculation. Walmart also announced that Christopher Nicholas, currently chief operating officer of Walmart U.S., would replace McLay as CEO of Sam's Club.
Persons: Mario Anzuoni, Kathryn McLay, Judith McKenna, McKenna, Doug McMillon, Piper Sandler, McKay, she's, Edward Jones, Brian Yarbrough, Christopher Nicholas, Ananya Mariam Rajesh, Siddharth Cavale, Anil D'Silva, Sandra Maler, Jamie Freed Organizations: Walmart, REUTERS, Walmart Inc, Walmart International, Sam's, Woolworths, Sam's Club, Costco, Walmart U.S, McLay, Jan, Thomson Locations: Rosemead , California, U.S, China, Mexico, South Africa, Japan, Britain, Argentina, Brazil, India, Walmart's U.S, Walmart Mexico, Bengaluru, New York
☆ Sam's Club history: How Walmart grew its small-business supply store to a 600-warehouse behemoth locked in a battle with Costco
  + stars: | 2023-05-28 | by ( Ben Tobin | ) www.businessinsider.com   time to read: 1 min
Kathryn McLay is the current CEO of Sam's Club, assuming the role in 2019. "We still see ourselves as the 'experiment' Sam Walton launched back in 1983, always looking to evolve and improve," she said in a recent LinkedIn post. Sam's ClubSource: Sam's Club, LinkedIn
☆ Sam's Club's history: How Walmart turned a supply store for small businesses into Costco's biggest rival
  + stars: | 2023-05-09 | by ( Ben Tobin | ) www.businessinsider.com   time to read: 1 min
Kathryn McLay is the current CEO of Sam's Club, assuming the role in 2019. "We still see ourselves as the 'experiment' Sam Walton launched back in 1983, always looking to evolve and improve," she said in a recent LinkedIn post. Sam's ClubSource: Sam's Club, LinkedIn
☆ Sam's Club goes big with plans to open dozens of new US stores that are nearly 20% larger
  + stars: | 2023-01-26 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +2 min
Sam's Club is opening 30 new warehouses across the United States in the next five to seven years. The new warehouses will be roughly 160,000 square feet, much larger than the average Sam's Club store. The decision to expand comes as Sam's Club membership numbers have continued to reach record heights, fueled by the pandemic. "We've seen remarkable growth over the past few years with a record number of members, and we're excited to bring the experience of Sam's Club to even more markets as we expand our footprint," Sam's Club CEO Kathryn McLay said in a statement. For context, the average Costco warehouse is 146,000 square feet, and BJ's Wholesale Club stores range in size from 63,000 square feet to 163,000 square feet.
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