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Walmart’s Q2 Results
By Stephen Springham, senior retail analyst Planet Retail
After the horror show of Q1, Walmart had so much to prove domestically in Q2. And it has again come up short. A U.S. comp store decline of 0.3% was below earlier management of a 0.2% decline, guidance that was endorsed as recently as the Annual Shareholder Meeting in June. This marks the second quarter that U.S. comps have been both in negative territory and below guidance. Those accusing Walmart of ‘crying wolf’ in its bullishness (ourselves included) may feel vindicated.
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Carlyle hires former P&G exec. for Global Consumer & Retail group
NEW YORK — The Carlyle Group has appointed former Procter & Gamble executive Susan Arnold as an operating executive in the firm’s Global Consumer & Retail group. Arnold begins her new role at the firm in September.
As an operating executive, Arnold will provide strategic guidance to Carlyle professionals throughout the investment process, from sourcing to acquisition to exit and advise portfolio company executives on management, operational, branding and growth strategies.