Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Walmart’s US CEO stepping down
Walmart announced Thursday that Greg Foran will be the new president and CEO of Walmart U.S. effective Aug. 9 replacing Bill Simon who is “transitioning out of the company.”
Bentonville, Ark.--Walmart announced Thursday that Greg Foran will be the new president and CEO of Walmart U.S. effective Aug. 9 replacing Bill Simon who is “transitioning out of the company.”
Simon has headed Walmart’s U.S. operations since 2010. He was passed over for the job of Walmart president and CEO when it was announced Mike Duke was retiring, and the retailer has been struggling with sales in the U.S. during his tenure. The retailer’s most recent U.S. results showed that it experienced a flat first quarter.
A 35-year retail veteran, Foran, 53, will report directly to Walmart President and CEO Doug McMillon, who became CEO in February.
He joined Walmart in 2011 and became president and CEO of Walmart China in March 2012.
Foran was promoted to president and CEO of Walmart Asia earlier this year; Walmart said it will announce Foran’s successor in this position at a later date.
Prior to joining Walmart, Foran held a number of positions with Woolworths, including managing director of supermarkets, liquor and petrol with responsibility for more than $40 billion in sales. He also served as general manager of Big W, Woolworths’s discount store business, and general manager of Dick Smith Electronics.
“(Foran’s) depth of knowledge and global experience will bring a fresh perspective to our business, McMillon said. “His … experience in general merchandise and commitment to e-commerce will help us serve our customers even more effectively for years to come.”
Outgoing president and CEO Simon will be available to Walmart on a consulting basis for the next six months to ensure a seamless transition, the company said.
“The needs of our customers are changing dramatically and we have an enormous opportunity to serve them in new and different ways,” Foran said.
Walmart remains one of the largest sellers of fine jewelry in the United States, with sales volume on the level of the large specialty jewelry chains such as Sterling Jewelers (Kay Jewelers, Jared the Gallery of Jewelry) and Zale Corp.
The Latest
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
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.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
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.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.