Latest News in the Business and Financial World

Friday, April 16, 2021
Log in
  • Home
  • Company News & Financials
  • OTC Markets
  • Tech & Science
  • Health & LifeStyle
  • About WS OTC
    • Analysts & Contributors
    • Contact Us
    • Advertising
    • Feedback
    • Privacy Policy GDPR
  • Mobile
  • Latest News
    • New Theories Explain the Disappearance of the Mayan Civilization
    • What Happens If Coral Reefs Die?
    • Monsanto Loses Lawsuit for its Herbicide Products
    • Mankind (MNKD) shares Plunge after FDA Approves Afrezza, inhaled Insulin for Diabetes patients
    • Psychologists Confirm that Violent Video Games Boost Aggressiveness
    • World of Warcraft: Warlords of Draenor Release Date on Nov 13
    • iPass Global Hotspot Map Unveils Worldwide Wi-fi Coverage

Pages

  • About Wall Street OTC
  • Advertising
  • Analysts & Contributors
  • Contact
  • Feedback
  • Mobile
  • Privacy Policy GDPR
  • Terms of Service

Recent Posts

  • SF Hospital Slaps New Parents with $19K Bill for Baby Treatment
  • Furious Trump Blasts Harley-Davidson for Moving Production Overseas
  • Warning! MRI Machines Could Poison You
  • Flight Attendants More Likely to Get Certain Cancers
  • More Red Meat Allergy Cases Related to Lone Star Tick Bites

New Wal-Mart US chief Gre Foran to face tough times ahead

Jul 26, 2014 By Richard Carlisle 20 Comments

Email, RSS Follow

Wal-Mart Stores Inc. has got its new US chief but with the new changes in the management, serious challenges have come fore for the company.

Greg Foran, who will succeed Bill Simon, faces key challenges before taking charge on August 9. Issues like empty shelves, cranky customers, slumping sales both in its stores and online, losing customers and many more are haunting the retail giant.

Notably, poor performance in the US stores lowered the projected sales as well as the profits in the quarter that ended April 30. Moreover, the profit forecast for the current quarter also looks grim.

It would be interesting to watch how Wal-Mart, which expects second-quarter earnings results in August, will convert the biggest shopping periods, i.e. the back-to-school and winter holiday seasons, into impressive profits.

walmart

The market analysts say that the retailer giant is facing critical times by cheaper and more convenient options like online and dollar stores.

The new CEO’s most important requirement is likely to get stuff on the shelves. The firm has also slashed its employees in the US by over 20,000 since 2008. However, it has added 650-plus stores. This has led to merchandise piling up in the back of stores and in aisles. Adding to the woes is dearth of workers to restock the shelves.

Foran’s appointment comes at a time when Wal-Mart is facing its worst phase and he does not have enough resources on his plate.

Email, RSS Follow
The following two tabs change content below.
  • Bio
  • Latest Posts

Richard Carlisle

Richard is a product of the 90s and a serious fan of the Star Wars series. He graduated from the University of Florida with a degree in Applied Physiology and Kinesiology; therefore, he has a great understanding of the relationship between physical activity and mental health. Although he has a full- time job in a clinic, he enjoys covering news related to health and the United States.

Latest posts by Richard Carlisle (see all)

  • Yes, Science Made Low-Fat Bacon Possible (Study) - Oct 31, 2017
  • Scientists Report Success In Experimental Therapy To Prevent Zika - Oct 5, 2017
  • A Paper-Based Test Can Seemingly Detect Zika In A Matter Of Minutes - Sep 29, 2017

Filed Under: Company News & Financials Tagged With: Bill Simon, Greg Foran, Wal-Mart Stores, Walmart

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 72 other subscribers

Mom holding newborn's hands

SF Hospital Slaps New Parents with $19K Bill for Baby Treatment

Jun 29, 2018 By Anne-Marie Jackson Leave a Comment

Harley-Davidson biker

Furious Trump Blasts Harley-Davidson for Moving Production Overseas

Jun 28, 2018 By Anne-Marie Jackson Leave a Comment

MRI machine

Warning! MRI Machines Could Poison You

Jun 27, 2018 By Anne-Marie Jackson Leave a Comment

Flight Attendants More Likely to Get Certain Cancers

Jun 27, 2018 By Anne-Marie Jackson Leave a Comment

Lone star tick sitting on a succulent leaf

More Red Meat Allergy Cases Related to Lone Star Tick Bites

Jun 26, 2018 By Anne-Marie Jackson Leave a Comment

Time magazine cover

Time Admits Sobbing Cover Girl Was Not Separated from Parents

Jun 26, 2018 By Anne-Marie Jackson Leave a Comment

Sunshine and green leaves

Vitamin D Deficiency Could Boost Risk of Lung Disease

Jun 25, 2018 By Anne-Marie Jackson Leave a Comment

Green-light laser pointer

Greek Boy’s Retina Severely Damaged by Laser Pointer

Jun 22, 2018 By Anne-Marie Jackson Leave a Comment

Red Tesla car

Tesla Suing ‘Whistleblower’ over Data Theft

Jun 21, 2018 By Anne-Marie Jackson Leave a Comment

Boiled eggs and mayonnaise

Eating too Clean Can Lead to Orthorexia

Jun 20, 2018 By Anne-Marie Jackson Leave a Comment

NYC mayor Bill de Blasio

NYC Will Allow People to Smoke Pot in Public

Jun 20, 2018 By Anne-Marie Jackson Leave a Comment

A kitten and a puppy sleeping in a bed while hugging each other

Who Is Smarter Between Cats and Dogs? Researchers Have an Answer (Study)

Jun 19, 2018 By Anne-Marie Jackson Leave a Comment

Orthodox church in Greece

Being Religious Is Tied to Longer Lifespan, Study

Jun 19, 2018 By Anne-Marie Jackson Leave a Comment

Bacon and eggs for breakfast

How Does the Keto Diet Work?

Jun 18, 2018 By Anne-Marie Jackson Leave a Comment

Related Articles

  • Harley-Davidson biker

    Furious Trump Blasts Harley-Davidson for Moving Production Overseas

    Jun 28, 2018
  • Red Tesla car

    Tesla Suing ‘Whistleblower’ over Data Theft

    Jun 21, 2018
  • Mediterranean Diet

    Major 2013 Study on Mediterranean Diet Withdrawn

    Jun 15, 2018
  • Chinese man in a taxicab

    China Uber Rival to Allow Only Same-Sex Passengers as Driver at Night

    Jun 14, 2018
  • Bitcoin rendition

    Market Manipulation Was Behind Bitcoin’s 2017 Price Surge, Study

    Jun 13, 2018
  • American kids selling lemonade

    American Kids Forced to Obtain Permits to Sell Lemonade

    Jun 12, 2018
  • Hobby Lobby store at night

    Hobby Lobby Agrees to Return Smuggled Artefacts to Iraq

    May 3, 2018
  • United Airlines airplane

    United Airlines to Resume Pet Reservations in July

    May 2, 2018
  • Nikola Motors truck

    Tesla Motors Faces $2Bn Lawsuit for Allegedly Copying Electric Truck Design

    May 2, 2018
  • T-Mobile logo sign

    T-Mobile Just Sealed the Deal to Buy Sprint

    Apr 30, 2018

Categories

  • Business
  • Company News & Financials
  • Diversified Financial
  • Entertainment
  • Featured
  • Health & LifeStyle
  • Micro Cap
  • Mid Cap
  • National News
  • Nature
  • OTC Exchange
  • OTC Markets
  • OTC Research
  • Science
  • Small Cap
  • Sports
  • Tech & Science
  • U.S.
  • Uncategorized
  • Wall Street
  • World
  • World Indexes

Copyright © 2021 wallstreetotc.com

About · Privacy Policy · Sitemap · Terms of Service · Contact