Food and Staples Retailing
Company Overview of Wal-Mart International
Wal-Mart International operates a chain of hypermarkets. It operates stores in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, and the United Kingdom. The company was founded in 1993 and is based in the United States. Wal-Mart International operates as a subsidiary of Wal-Mart Stores, Inc.
Key Executives for Wal-Mart International
Chief Executive Officer and President
Vice Chairman of the Board
Chief Executive Officer of Sam's Club and President of Sam's Club
Chief Executive Officer of Europe
Compensation as of Fiscal Year 2013.
Wal-Mart International Key Developments
Wal-Mart International Announces Executive Changes, Effective from Feb. 1, 2014
Dec 11 13
Wal-Mart Stores Inc. announced that David Cheesewright, 51, will be promoted to president and CEO of Walmart International. Cheesewright, currently president and CEO of Walmart's Europe, Middle East and Africa (EMEA) and Canada region, will report to Doug McMillon, who was named on Nov. 25 to succeed Mike Duke as the company's president and CEO. Both assume their new roles on Feb. 1, 2014. Cheesewright's successor will be named at a later date. Cheesewright's career spans more than 25 years across the international retail and manufacturing sectors. His Walmart career began in 1999 at Asda, the company's UK operation, where he held leadership positions in operations, merchandising, logistics, and strategy and format development. He was the chief operating officer for both Walmart Canada and Asda before being named CEO of Walmart Canada.
Wal-Mart International Revises Capital Expenditure Guidance for the Fiscal Years Ending January 31, 2014 and Provides Capital Expenditure Guidance for the Fiscal Year Ending January 31, 2015; Plans to Close Approximately 50 Underperforming Stores in Brazil and China
Oct 15 13
Wal-Mart International revised capital expenditure guidance for the fiscal years ending January 31, 2014 and provided capital expenditure guidance for the fiscal year ending January 31, 2015. The company decreased its fiscal year 2014 projected capital investments by $500 million to a range of $4.0 to $4.5 billion, due to fewer new store openings in Mexico and India.
Walmart International continues to invest in organic growth across its markets and expects fiscal year 2015 capital expenditures to range from $4.0 to $4.5 billion, which will generate approximately 12 to 14 million net retail square feet among its 26 markets.
The company plans to close approximately 50 underperforming stores in Brazil and China. The majority of the closures will occur in the fourth quarter of fiscal year 2014.
Wal-Mart International Presents at The CFO Summit 2013, Jan-22-2013 04:00 PM
Dec 7 12
Wal-Mart International Presents at The CFO Summit 2013, Jan-22-2013 04:00 PM. Venue: The Dorchester, Park Lane, Mayfair, London, W1K 1QA, United Kingdom. Speakers: Catherine R. Smith, Chief Financial Officer.
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