Walmart Inc has announced the departure of two executives from its American business, as the supermarket chain continues on a trajectory of mid-to-high single digit growth for its U.S. same-store sales for the full year.
The National Retail Federation on Friday announced Walmart U.S. president and CEO John Furner has been elected chairman of the NRF board of directors, succeeding Qurate Retail Inc. president and CEO, Mike George.
U.S. holiday sales in 2021 came in at a better-than-expected $886.7 billion, boosted by customers returning to stores and splurging more online, even as a jump in Covid-19 cases and supply chain issues loomed.
Walmart arm Sam's Club, responding to the furore in China over what local media said was its deliberate removal of Xinjiang-sourced products from its app, denied the move and termed it "a misunderstanding".
Retailers' longer return policies, launched during the pandemic to lure consumers, could leave them facing higher costs if shoppers bring back a record-setting $112bn in gifts bought during the long holiday season.