美国零售巨头沃尔玛公司任命了旗下三大核心业务部门的新负责人，完成了这家全球最大零售商的一轮 高管团队"换血"。 当地时间周五(1月16日)，沃尔玛(WMT.US)在官网宣布，公司美国业务的执行副总裁兼首席电商官 David Guggina将出任沃尔玛美国业务的总裁兼首席执行官———这是公司规模最大、也最重要的业务 板块。 这意味着，Guggina将接替John Furner的职位，而Furner将出任整个集团的CEO，接替定于本月底退休的 董明伦(Doug McMillon，道格·麦克米伦)。 董明伦执掌沃尔玛已超过十年，被认为成功将公司从传统实体零售商转型为数字化零售巨头。最新一个 财年中，董明伦的总薪酬约为2740万美元，其中包括150万美元基本薪资、2040万美元股票奖励及其他 补偿。 在最新的声明中，沃尔玛还任命现年51岁的沃尔玛美国业务首席商品官Latriece Watkins为山姆会员店美 国(Sam's Club U.S.)的总裁兼首席执行官。 现任的Chris Nicholas将转而负责沃尔玛国际业务，接替即将离任的Kathryn McLay。该会员制连锁正在 美国新开门店并翻新现有门店，以扩 ...

Core Viewpoint - The Supreme Court of India emphasized the need for tax treaties to prioritize national interest and safeguard the country's economic sovereignty while ensuring fairness and preventing abuse in international tax agreements [5][6][7]. Group 1: Tax Treaty Principles - Justice Pardiwala highlighted that tax treaties should be engaging, transparent, and subject to periodic reviews, with the ability to renegotiate and include strong exit clauses to prevent unfair outcomes [2][6]. - The treaties must incorporate limitations of benefits clauses to prevent treaty shopping by shell companies and allow for domestic anti-avoidance laws like the General Anti-Avoidance Rule [6][7]. - The overarching goal of treaties should reflect broader economic and public interests rather than merely bureaucratic or diplomatic objectives [6][7]. Group 2: Case Context - The Supreme Court's observations were made in the context of a judgment regarding the taxation of capital gains from Tiger Global's exit from Flipkart in 2018, which was deemed taxable in India [7]. - Tiger Global had sought an Advance Authority Ruling from the Income Tax Department in February 2019 concerning this matter [7].

Core Viewpoint - The collaboration between Walmart and Xiaohongshu marks a new phase in retail and content integration, moving beyond traditional advertising and live-streaming to product development and scene design [1][3][4] Group 1: Collaboration Details - The first co-branded store between Walmart and Xiaohongshu opened in Shenzhen, showcasing a deep partnership that connects online insights with offline product offerings [1][4] - The collaboration utilizes Walmart's private label "Wojixian" to transform community insights from Xiaohongshu into product development guidelines, with initial products including baked goods and dairy [4][6] Group 2: Consumer Insights and Market Trends - The partnership aims to cater to the Z generation, whose emotional value and interest recognition are increasingly surpassing functional needs, with the emotional economy in China expected to exceed 4.5 trillion yuan by 2029 [6] - Walmart leverages Xiaohongshu's content ecosystem to capture shifts in consumer behavior, while Xiaohongshu benefits from Walmart's supply chain and offline channels, creating a tangible outlet for community traffic [6] Group 3: Industry Implications - The collaboration represents a potential new approach for the retail industry to break through competitive saturation by focusing on user needs and integrating the entire supply chain [6]

Core Insights - Walmart and Xiaohongshu have announced a deep collaboration to integrate products and shopping experiences, launching nearly 20 co-branded products and the first "Mashi Store" innovative retail space in China [1][3] - The partnership aims to respond to the shift in consumer shopping decisions towards "high value, interest exploration, and emotional resonance" [1] Group 1: Collaboration Details - The initial product line, "Wojixian × Xiaohongshu | Treasure New Products," includes categories such as baking, dairy, health drinks, and snacks, emphasizing simple ingredients and globally sourced materials [3] - Notable ingredients include New Zealand imported butter, Belgian cocoa butter chocolate, and award-winning coffee beans, along with creative items like cilantro-flavored yogurt and Mahjong-shaped cookies [3] Group 2: Retail Experience Innovation - The "Mashi Store" in Shenzhen breaks traditional shelf display models by creating eight "interest islands" focused on customer interests, such as "Aesthetic Justice Island" and "Ingredient Assurance Island" [3] - This store design aims to extend online "grass planting" content into offline spaces, providing an integrated shopping cycle of "discovering inspiration - immersive experience - convenient purchase" [3] Group 3: Strategic Goals and Market Position - Walmart's senior vice president and chief purchasing officer stated that this collaboration helps the company align more closely with customer lifestyles and continuously create value [3] - Xiaohongshu's CMO noted significant growth in search volume and interest in Walmart within the Xiaohongshu community over the past year, highlighting the success of the partnership [3] - Walmart becomes the first full-channel retail supermarket brand to enter the Xiaohongshu e-commerce platform, with hundreds of stores across over 100 cities in China, while Xiaohongshu's monthly active users are projected to exceed 350 million by the end of 2024 [3]

Walmart announced a series of executive changes on Friday as John Furner prepares to take over as CEO of the world's largest retailer on February 1, ‌replacing Doug McMillon.The moves ‌aim to maintain the Bentonville, Arkansas-based retailer's growth momentum and bellwether position in the industry by promoting four longtime executives and expanding their responsibilities. David ‌Guggina will become CEO of Walmart's largest division, Walmart U.S., replacing Furner in that role. Currently serving as chief ...

Core Insights - The first Sam's Club in Qingdao has officially started membership registration on January 15, attracting a large number of citizens to inquire and sign up for membership [1][3]. Membership Details - Membership options include Regular Membership and Premium Membership, with benefits available for early sign-ups before the store's official opening [1][14]. - Regular Membership costs 260 yuan per year, while Premium Membership costs 680 yuan per year, offering additional benefits such as monthly cashback and a shipping coupon [14]. Customer Engagement - On the first day of membership registration, many citizens expressed excitement about the store's opening and the quality of products offered by Sam's Club, with some deciding to sign up for membership after learning about the benefits [5][12]. - The membership registration area is located at the Greenland Center T1 in the Shibei District, providing easy access for potential members [3][18]. Future Developments - The store is expected to officially open in May 2023, with plans to launch an online shopping service through Sam's Cloud Warehouse in February, allowing members to purchase a wide range of products with home delivery options [18].

Core Viewpoint - India's tax authority is set to cautiously reopen tax assessment proceedings against Tiger Global Management LLC regarding its 2018 stake sale in Flipkart Pvt., following a favorable Supreme Court decision, while respecting the company's right to appeal [1][3]. Tax Assessment Proceedings - The Central Board of Direct Taxes (CBDT) will revive tax assessment proceedings against three Mauritius-based entities of Tiger Global [2]. - If Tiger Global files an appeal against the Supreme Court's decision, the resumed tax proceedings will be automatically stayed until the judicial process concludes [3]. Government's Approach - The Modi administration is adopting a patient approach in complex tax matters, avoiding hasty actions amid global trade challenges [4]. - The government aims to enhance the business climate to attract global investors by providing tax certainty and avoiding rigorous audits of cross-border transactions [5]. Legal Rights and Tax Disputes - Taxpayers have a statutory right to appeal, and the Income Tax Department respects this right, awaiting the judicial process's outcome [6]. - Experts indicate that Tiger Global's options appear primarily procedural, with limited scope for international arbitration due to India's restrictive stance [8]. Tax Treaty Context - The case revolves around the renegotiated Double Tax Avoidance Agreement (DTAA) with Singapore, which previously allowed Mauritius to levy capital gains tax on sales of companies with Indian assets [9]. - Tiger Global contends that its sale of a controlling stake in Flipkart to Walmart Inc. for $16 billion should not be taxed under treaty provisions, with the sale generating significant capital gains exceeding ₹14,500 crore [10]. Assessment Proceedings and Refunds - Following the Supreme Court's judgment, assessment proceedings for the 2019-20 fiscal year will resume, and the previously withheld refund of approximately ₹967.52 crore will be addressed as part of the assessment process [11][12]. - The tax withholding was an interim measure, and the refund will now be part of the assessment and consequential demand proceedings [14].

Company - OpenAI will begin testing advertisements in ChatGPT to seek new revenue sources [5] - Google has requested a U.S. judge to postpone the order to share data during its appeal [5] - JPMorgan has surpassed Dimensional to become the world's largest active ETF company [6] - Fannie Mae and Freddie Mac continue to decline, raising concerns about their IPO prospects [6] - Spotify plans to generate significant profits through another price increase [6] Industry - The U.S. housing builder confidence index has dropped to 37 in January, marking the first decline in five months and falling below all estimates [5] - The U.S. manufacturing output is expected to grow in the last few months of 2025 [5] - The job market remains a concern, with the Federal Reserve advised to prepare for potential rate cuts [6] - The artificial intelligence sector is accelerating job reductions in key global industries [6] - Oil prices have slightly recovered, but traders remain cautious about risks related to Iran [6]

Walmart Inc. named new leaders of Walmart U.S., Walmart International and Sam’s Club U.S.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.David Guggina, executive vice president and chief eCommerce officer for Walma ...

Core Insights - Walmart is undergoing significant leadership changes with Chris Nicholas appointed as president and CEO of Walmart International, Seth Dallaire promoted to executive vice president and chief growth officer for Walmart Inc., and David Guggina becoming president and CEO of Walmart U.S. [1][2][3] - The management changes reflect Walmart's strategy of promoting from within and maintaining a strong leadership bench, as emphasized by incoming CEO John Furner [4][6]. Leadership Changes - Chris Nicholas, previously COO of Walmart U.S., has extensive international experience and will lead Walmart International [1]. - Seth Dallaire will oversee global enterprise platforms, including digital advertising and Walmart+ [2]. - David Guggina, with a background in e-commerce, will take over as CEO of Walmart U.S., focusing on enhancing delivery capabilities [3][6]. - Latrice Watkins will become president and CEO of Sam's Club U.S., having a strong background in merchandising and operations [5]. Strategic Focus - Walmart aims to stay competitive against rivals like Costco, Amazon, and Target while maintaining low prices amid inflation and new tariffs [7]. - The company is centralizing its platforms to enhance operational efficiency and customer engagement, particularly as AI technology reshapes retail [6][8]. Technological Advancements - Walmart is expanding its partnership with Wing for drone deliveries, increasing access to 270 locations, which will serve 40 million people [10]. - The integration of Google's AI-powered shopping assistant, Gemini, aims to improve customer experience and product discovery [8][9]. Financial Performance - Walmart reported $681 billion in revenue for 2024, significantly outpacing competitors like Target and Costco [12]. - The fashion segment grew over 5% in the last quarter, indicating a positive trend in apparel sales [11]. Market Position - Walmart's scale provides a competitive advantage, with a revenue significantly higher than its main competitors [12]. - The company is adapting to market challenges, including a stagnant labor market and pressures to raise wages for its 2.1 million associates [7].