wal-mart stores inc (WMT) Key Developments
Walmart Opens Store Located at 3705 E. South St
May 20 15
Walmart opened a Store. The new store is conveniently located at 3705 E. South St. and is open 24 hours a day, seven days a week. The store will provide Long Beach residents with low prices on a broad assortment of groceries and merchandise, along with a full service pharmacy. Walmart is making shopping more convenient than ever as local residents can shop for more than a million additional items online on Walmart.com and pick them up at the new Long Beach Walmart store for free, often as quickly as the same day. The new store employs approximately 200 full- and part-time associates. Store manager Jesse Gonzales began his Walmart career in 2009 as a developmental shift manager. Fresh, Affordable Produce, Meat and Groceries Long Beach customers will find meal and entertaining essentials, fresh produce and a full line of groceries from leading brand names, including organic selections. By working with growers, Walmart is able to provide farm-grown quality produce at added convenience and low prices. There is also a wide variety of meat and bakery selections, including fresh baked breads and tortillas. Convenient Local Pharmacy and General Merchandise In addition to groceries, the store features quality, value-priced general merchandise, including electronics, furniture, home decor, automotive, sporting goods, home improvement and more. The pharmacy offers a full range of products and services. Pharmacy team members are ready to assist customers with product and prescription questions. Long Beach residents can easily transfer prescriptions and order refills on the go with the Walmart mobile app for iPhone and Android.
Wal-Mart Stores Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 30, 2015; Provides Earnings Guidance for the Second Quarter of Fiscal Year 2016
May 19 15
Wal-Mart Stores Inc. reported unaudited consolidated earnings results for the first quarter ended April 30, 2015. For the quarter, the diluted EPS from continuing operations was $1.03. Currency negatively impacted EPS by approximately $0.03. E-commerce sales globally increased approximately 17%. Consolidated operating income declined 8.3%, due to impacts from currency fluctuations and investments in associate wages & training and e-commerce. For the quarter, the company reported total revenues of $114,826 million against $114,960 million a year ago. Operating income was $5,680 million against $6,193 million a year ago. Income from continuing operations before income taxes was $4,856 million against $5,625 million a year ago. Consolidated net income attributable to the company was $3,341 million against $3,593 million a year ago. Diluted net income per common share attributable to the company was $1.03 against $1.11 year ago. Income from continuing operations attributable to Walmart was $3,341 million or diluted net income per common share of $1.03 compared to income from continuing operations of $3,582 million or diluted net income per common share of $1.10 for the same period last year. Net cash provided by operating activities was $4,446 million against $5,939 million a year ago. Payments for property and equipment were $2,203 million against $2,157 million a year ago. Free cash flow was $2.243 million against $3.782 million a year ago. The decrease in free cash flow was due to lower income from continuing operations and the impact of the timing of payments for inventory, as well as the timing of income tax payments.
The company expects second quarter fiscal year 2016 earnings per share to range between $1.06 and $1.18.
D-Link Announces Availability of Wi-Fi Cameras in over 1,000 Walmart Stores
May 19 15
D-Link has announced the availability of its Wi-Fi cameras, the Day & Night Wi-Fi Camera, DCS-933L, the Pan & Tilt Wi-Fi Camera, DCS-5020L, and the HD Pan & Tilt Wi-Fi Camera, DCS-5222L, in over 1,000 Walmart stores. Offering a simple and affordable DIY alternative to traditional home security systems, D-Link Wi-Fi Cameras enable users to keep an eye on what matters most from anywhere, anytime without any contracts or monthly fees. D-Link Wi-Fi Cameras connect to an existing wireless network and work seamlessly with the mydlink portal and free mydlink Lite mobile app to allow home and small business owners to view a live video surveillance feed from a smartphone, tablet or PC with a Wi-Fi, 3G or 4G connection. Featuring simple installation and a host of newly added features for expanded remote control including pinch-to-zoom viewing, push notifications of sound and motion alerts, two-way audio, and video play back from cameras featuring a microSD/SDHC slot, Wi-Fi Cameras are the best solution for DIY home surveillance available. The Day & Night Wi-Fi Camera (DCS-933L), the Pan & Tilt Wi-Fi Camera (DCS-5020L) and the HD Pan & Tilt Wi-Fi Camera (DCS-5222L) are now available at select Walmart stores nationwide for $79.99, $119.99, $169.99, respectively.
Wal-Mart to Expand in Canada
May 8 15
Wal-Mart announced that the company is buying 13 former Target stores and one distribution centre and it will hire 3,400 new employees. It is spending $290 million to buy and renovate the stores and will create 1,500 construction jobs.
Wal-Mart Stores Announces Executive Changes
May 4 15
Wal-Mart Stores has named new EVPs for its Neighborhood Market and Supercenter divisions as part of a flurry of new leadership appointments and a new operations structure under U.S. COO Judith McKenna. The changes include the trimming of EVP roles for Walmart East and Walmart West and Walmart Realty in what was described by McKenna in a memo as a means of simplifying its leadership structure. McKenna was named U.S. COO in December as part of a new leadership under U.S. CEO Greg Foran. Mike Moore, who previously served as EVP of Walmart’s Neighborhood Markets division has been named EVP of Supercenters for Walmart, while Julie Murphy, formerly the EVP of Walmart West, assumes Moore’s role as EVP for Neighborhood Markets. Joaquin Gonzalez Varela, EVP-Walmart East, is retiring and his role will not be filled, the retailer said. Varela, a 25-year employee of Walmart, has served in that role since 2008 and will retire effective June 15. In addition, the Bentonville, Ark., company is restructuring its central operations team, naming current SVP for innovations Mark Ibboton to a new role as EVP-central operations U.S., where he will take on the additional responsibilities of asset protection and partnering with global e-commerce to implement grocery home shopping within operations.