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Honest Company CEO Carla Vernón on being mentored by Walmart CEO Doug McMillon
4+ day, 8+ hour ago (997+ words) In today's CEO Daily: Diane Brady talks to Honest Company CEO Carla Vern'n about Walmart's Doug McMillon. The big story: In today's CEO Daily: Diane Brady talks to Honest Company CEO Carla Vern'n about Walmart's Doug McMillon. The big story: Crypto founder Do Kwon gets 15 years in prison. The markets: New all-time high. Plus: All the news and watercooler chat from Fortune. Good morning. I'm always fascinated by who CEOs turn to for feedback, and who they choose to mentor outside their companies. Some relationships develop organically through working with people who become friends after you move on. (I feel fortunate to remain connected to former bosses like Norman Pearlstine, as well as numerous colleagues over the years.) Then there are the leaders whose names come up because they offered advice or made a gesture that was meaningful to another…...
5 Affordable Luxury Holiday Gifts for Boomers at Walmart Under $100
1+ week, 3+ day ago (22+ words) Looking for holiday gifts for boomers under $100? Consider cozy throws, foot spas, hydroponic gardens and more budget-friendly finds at Walmart....
McLay, Nicholas touted as top prospects for Walmart U.S. job
1+ week, 6+ day ago (717+ words) by Kim Souza([emailprotected]) 1 hour ago 163 views When Walmart U.S. CEO John Furner moves up the Walmart corporate ladder following the announced Jan. 31 retirement of Walmart CEO Doug McMillon, the short list to replace Furner includes Kath McLay and Chris Nicholas. McLay is president and CEO of Walmart International, and Nicholas is president CEO of Sam's Club. Walmart said it would name a successor to Furner in the coming weeks. While there could be a dark horse candidate in the mix, McLay and Nicholas are considered by Walmart watchers as the strongest options. McLay, an Australian, would be the second foreign-born executive to lead Walmart U.S. Greg Foran, a New Zealand native, was tapped by McMillon to lead Walmart U.S. in August 2014, a position he held until November 2019, when he returned home to lead New Zealand Air. McLay also led Sam's Club from…...
Think stores get the tax break? The truth about checkout donations.
2+ week, 3+ day ago (775+ words) The TikTok creator leans into the camera with righteous indignation. She has some important financial advice for people confused about donation requests at checkout. You see the solicitations all the time " various charities teaming up with retailers to raise needed funds. Just before you finish paying either in person or online, you're asked for a contribution. You can give a specific amount or round up your purchase total to help fund a children's hospital charitable campaign or a food bank. "When you go to check out and get asked to donate to charity, do not donate to it," the TikToker warned. "That money is a tax write-off for the company." The video, posted this month ahead of Thanksgiving, received over 1,000 likes. Retailers "don't deserve the tax write off for MY generosity," one person commented. Similar videos have been uploaded on…...
Vintage market trader retires after 60 years
2+ week, 4+ day ago (25+ words) Birmingham vintage market trader retires after 60 years A vintage clothing stall-holder at Birmingham's Rag Market has finished his final day after 60 years....
10 “Luxury” Items Boomers Saved For That Are Now Totally Worthless
2+ week, 5+ day ago (30+ words) What people consider "luxury" has undergone significant changes over time. For many Baby Boomers, the idea of luxury included what felt important, grown-up, or worthy of saving up for....
Out on the Street Plans Major Move After 34 Years
3+ week, 4+ day ago (980+ words) The new store will occupy a single floor of approximately 1,600 square feet and will replace a space that has sat vacant for 13 years. While it is slightly smaller than the 1,800 square feet spread across three floors at the current address, Azzopardi says the shift to an accessible, street-level format is exactly what long-time customers have been asking for. Out on the Street was founded by Ian Kelly in 1991, at a time when the Church-Wellesley Village was firmly establishing itself as the heart of Toronto's LGBTQ+ community. Kelly is still the co-owner today, now sharing the business with Azzopardi, who joined the company two and a half years ago. Azzopardi says the emotional reaction from patrons during Pride this year reinforced the store's importance. "I heard so many people asking, you are not closing, are you. They said they would not…...
5 Gap Items Retirees Need To Buy Ahead of Winter
4+ week, 10+ hour ago (23+ words) Discover Gap pieces retirees should consider picking up ahead of winter. They're warm, timeless and versatile -- perfect for cozy days and chic travel....
Analysts Read Walmart's CEO Shift As 'Steady Hand' Move
4+ week, 1+ day ago (364+ words) Just in time for the Black Friday kickoff, Walmart unwrapped a major corporate surprise: longtime chief Doug McMillon is retiring, with John Furner " another company lifer " stepping in as president and CEO early next year. Walmart's late-Thursday announcement is still rippling through the retail world, with analysts reading it as steadying rather than disruptive. The leadership handoff, days before the company reports quarterly earnings, is widely viewed as a bid for continuity. "We view this as an orderly, internally driven succession that maintains strategic continuity rather than signaling a shift in direction," writes Brett Husslein, analyst at Morningstar. "McMillon departs after a period of strong growth. We expect Walmart to continue prioritizing its digital and artificial intelligence-led efforts under Furner." McMillon, 59, started at Walmart in high school unloading trucks and has held the top job for 12 years, navigating COVID, rising…...
Heard on the Street Friday Recap: Walmart Succession
4+ week, 1+ day ago (98+ words) Walmart's Chief Executive Doug McMillon will step down after more than a decade in the role. John Furner, CEO of Walmart U.S. since 2019, will succeed him. The 51-year-old Furner began his Walmart career as an hourly associate in 1993. Oops, something went wrong Heard on the Street Friday Recap: Walmart Succession Walmart's Chief Executive Doug McMillon will step down after more than a decade in the role. John Furner, CEO of Walmart U.S. since 2019, will succeed him. The 51-year-old Furner began his Walmart career as an hourly associate in 1993....