Based on information from Walmart, the chain is not merging the stores and walmart.com buying teams, as Reuters reported Tuesday. The two will continue to operate as two separate teams.
Walmart Pharmacy & Business News
Walmart is planning $6.8 billion of capital investments in the U.S. in the coming fiscal year, which includes construction and remodeling of stores, clubs and distribution centers, as well as the expansion of new services such as online grocery pickup.
The changes, which the chain has not officially announced, come on the heels of media reports that Karenann Terrell would step down as CIO of Walmart Stores on Feb. 24.
GNC and Walmart are joining Vitamin Shoppe and Whole Foods on the development of a retailer driven and consumer focused Industry Leadership Group, the Natural Products Association reported.
She will be replaced by longtime associate John Furner.
Dollar Tree CEO Bob Sasser has two seasoned value retail executives at the helm with the addition of Wal-Mart U.S. chief merchant and the promotion of Dollar Tree COO to enterprise president of the company.
The continued decline in the number of heavy buyers (those who purchased more than three types of vitamins in a year) was a key trend captured by the 2016 TABS Analytics Vitamin and Minerals Supplements study.
Apollo Health and Beauty Care has been awarded the prestigious Sam's Club Supplier of the Quarter Award for the 2017 retail period.
New store formats represent a dramatic industry shift for brick-and-mortar operators.