Author Mike Duff

Retail
McKenna Named Walmart International CEO

Wal-Mart Stores has promoted Judith McKenna to the position of president and CEO of Walmart International. McKenna, who has been evp and COO at Walmart U.S., will assume her new role on February 1 and will report to Walmart president and CEO, Doug McMillon.

Retail
Economists Say Tax Cut Effect Positive But Qualified

The recently enacted federal income tax cut is likely to benefit an already strong economy this year and into 2019, but there could be variations on its impact regionally and uncertain long-term effects, economists said during a roundtable event at the National Retail Federation’s Big Show in New York.

Retail
Ikea Expanding NYC Fulfillment Capacity

Ikea has leased additional warehouse space in New York City to serve as a customer fulfillment center. The new space will complement its network of seven regional distribution centers currently supporting its 47 stores in the United States.

Financials
FlexShopper Touts Strong December Results

FlexShopper, a national online lease-to-own retailer and LTO payment solution provider, has announced record year-over-year lease origination growth in December 2017, with gross lease originations increasing 27.5% to 25,140 from the month last year.

Retail
Walmart Increases Compensation, Cites Tax Reform

In what it characterized as a decision to share the benefits of a lower tax rate, Walmart is increasing the starting wage rate for all hourly associates in the U.S. to $11, expanding maternity and parental leave benefits and providing a one-time cash bonus for eligible associates of up to $1,000.

Retail
Top Women In Retail Honored

Total Retail, a provider of content and marketing services, and its sister brand Women in Retail Leadership Circle, have released their eighth annual list of the Top Women in Retail.

Home Décor
Las Vegas Expands Discoveries Marketplace

This winter, as part of its expanded Pavilions showcase, Las Vegas Market will incorporate a comprehensive collection of temporary exhibitors providing vintage, antique and one-of-a-kind merchandise in Discoveries: The Antique Vintage Marketplace.

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