-
Walmart in line to open 500 Neighborhood Market stores by fiscal 2016
New York -- Walmart will open as many as 115 small-format stores this year, according to Bill Simon, president and CEO of Walmart U.S.
Simon discussed the chain’s store portfolio during a presentation at Raymond James Institutional Investors conference. He noted that Walmart’s smaller-format stores (below 60,000 sq. ft.) are making inroads against dollar stores, supermarkets and drug stores and will play a key role in the company's future.
-
Walmart exec to become Obama’s budget chief
Walmart Foundation president Sylvia Mathews Burwell will be named director of President Barack Obama’s Office of Management and Budget during a ceremony at the White House scheduled for Monday morning.
Obama announced his intent to appointment Burwell several months ago, but the nomination on Monday makes it official and paves the way for Senate confirmation hearings to begin.
Wal-Mart Stores, Inc., president and CEO Mike Duke said Burwell would do a tremendous job serving the county if she is confirmed by the Senate.