Retail News

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Walmart names new CFO

After more than two decades in top finance roles at Walmart, Charles Holley, 59, is stepping down as CFO at the world’s largest retailer.

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Report: Facebook has eyes of millennials, Hispanics

Ad Age is reporting that Facebook has surpassed TV as the medium through which most millennial and Hispanic consumers can be reached. “If you're a packaged-goods marketer, that's a point of market entry that these people are now moving into, and the best way to reach them is through the device that's always with them, which is, of course, the smartphone," Facebook’s director of global consumer insights, Erin Sills, said. (Ad Age)

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Report: Walmart makes change to sustainability leadership

Twenty-year Walmart veteran Laura Phillips is set to become the company's senior VP of sustainability, effective Jan. 1, according to GreenBiz. “"She was part of the original group of key leaders that our former CEO Lee Scott assembled in 2004 to help develop Walmart’s sustainability strategy, initial goals and principles," Walmart’s chief sustainability officer Kathleen McLaughlin said in a memo about Phillips’ new job. (GreenBiz)