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This week, retail giant Walmart announced that about 440 managers are set to earn a pay raise that will bump some employees’ salaries well into the high-six-figure range—even up to $620,000.
Combined with a previously announced new average salary of $128,000 and the ability to earn up to 200% of that salary in bonuses, a Walmart manager could earn as much as $404,000 a year.
Now, Walmart is saying it’s going to pay the managers of those stores, charged with that huge responsibility, accordingly, with a new average salary of $128,000 a year. Walmart said Thursday it ...
As of December 2014, the Waltons collectively owned 50.8 percent of Walmart. [7] In 2018, the family sold some of their company's stock and now owns just under 50%. [ 8 ] In December 2024, the Walton family's net worth was estimated to be US$432.4 billion.
Walmart opened Supermercado de Walmart locations to appeal to Hispanic communities in the United States. [169] The first one, a 39,000-square-foot (3,600-square-meter) store in the Spring Branch area of Houston, opened on April 29, 2009. [170] The store was a conversion of an existing Walmart Neighborhood Market. [171]
Furner began his career at Walmart in 1993 as an hourly store associate. [3] He later became a store manager, district manager, and buyer. He became CEO of Sam's Club on Feb. 1, 2017, after serving as Sam's Club's chief merchandising officer and, prior that, spending nearly three years in Walmart's international division as EVP of merchandising and marketing for Walmart China.
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In February 2017, Buchanan was named chief merchant of Walmart's Sam's Club business unit. [7] In 2019, Buchanan was named executive vice president and chief merchandising officer of Walmart.com, where he was part of the effort to invest in Walmart's digital shopping experience, to compete with online giant Amazon. [3]