Tag: vice president

The Supply Side: Walmart nurtures leadership with free education, training

With more than 1.6 million U.S. employees, Walmart seeks to overcome workforce challenges and avoid a talent war. The retailer hopes to grow the next generation of leadership by offering free college education and workforce training in its academies.

Walmart CEO Doug McMillon started his retail career as a summer seasonal worker unloading trucks at a Walmart distribution center. Walmart U.S. CEO John Furner began his Walmart career as an hourly employee in the garden center at Store 100 in Bentonville to earn extra money as a college student.

“David Glass used to say anyone can have multiple careers inside Walmart because of the company’s size and scale, and that was before Walmart became a half-trillion international business, with one of the fastest growing advertising businesses in the country, a third-party logistics service provider, fintech partner, healthcare provider and technology powerhouse,” said Scott Benedict, affiliate partner with McMillanDoolittle retail consultancy.

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Bed Bath & Beyond to cut jobs, close stores amid weak Q2 results

New Jersey, Sept. 1, (dpa/GNA) - Facing weak quarterly results, US home improvement retailer Bed Bath & Beyond Inc plans to introduce cost-cutting measures. 

The struggling firm announced on Wednesday various measures to meet demand, drive growth and profitability, and improve its balance sheet and cash flows. 

These include 20% job reduction plans and plan to exit a third of its Owned Brands, and to close 150 lower-producing banner stores. 

The company also sees weak comparable sales in the second quarter and fiscal 2022. 

In pre-market activity on the Nasdaq, the shares were losing around 24% to trade at $9.23. 

For the second quarter, the company now expects net sales of approximately $1.45 billion and comparable sales decline of approximately 26%. 

Further, for fiscal 2022, the company now expects comparable sales decline in the 20% range. 

In its strategic and business update focused on changes, the company said cost optimization

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Home Hardware Appoints New Chief Commercial Officer

Home Hardware Stores Limited has announced Marianne Thompson has been appointed to the new role of chief commercial officer, effective Monday, September 12.

In this role, Thompson will be responsible for Home Hardware’s overall commercial strategy with a focus on driving business growth and expanding market share. As chief commercial officer, Thompson will continue to oversee merchandising in addition to marketing, supply chain and retail operations. She will continue to report to Kevin Macnab, president and CEO.

Marianne Thompson has been appointed to the new role of chief commercial officer at Home Hardware Stores Limited.

“With over 30 years of experience in the home improvement industry, Marianne Thompson has the strategic vision and leadership skills needed to drive continued results for Home Hardware and the success of this great Canadian retailer,” says Kevin Macnab, president and CEO, Home Hardware Stores Limited. “Marianne is a transformative leader who brings passion, creativity

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