A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Walmart CEO to retire in early 2014
Walmart Stores Inc. announced Monday that Mike Duke, its president and CEO, will retire and be replaced by the head of the retailer’s international division, Doug McMillon.
Bentonville, Ark.--Walmart Stores Inc. announced Monday that Mike Duke, its president and CEO, will retire and be replaced by the head of the retailer’s international division, Doug McMillon.
McMillon, the 47-year-old president and CEO of Walmart International, will succeed the 63-year-old Duke effective Feb. 1.
Duke, who has been with Walmart since 1995 following a 25-year career with Federated and May Department Stores, will stay on board as an advisor to McMillon for one year and will continue serving as chairman of the executive committee of the board.
McMillon has been with Walmart for a total of 22 years, starting with a summer job at a distribution center when he was a teenager in 1984. Before ascending to his current position as head of Walmart International, McMillon held a variety of executive positions with the retailer, including as president and CEO at Sam’s Club from 2006 to February 2009.
In a news release issued Monday, Rob Walton, chairman of Walmart’s board of directors, said the change in leadership “comes at a time of strength and growth at Walmart,” though the company’s recent financials suggest otherwise.
U.S. same-store sales declined slightly in the third quarter for Walmart and Duke noted in a news release that the retail environment remains “competitive.”
For a number of years, Walmart was the No. 1 seller of fine jewelry in the country, according to National Jeweler’s list of $100 Million Supersellers.
Although it was surpassed by Sterling Jewelers Inc. (Kay Jewelers and Jared the Galleria of Jewelry) in the most recent list, published in 2012 based on 2011 financials, Walmart still was the second-largest retailer of fine jewelry in the U.S.
The Latest
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.