John Furner | |
|---|---|
 | |
| President and CEO, Walmart U.S. | |
| In office November 2019 - present | |
| Preceded by | Greg Foran |
| CEO Sam's Club | |
| In office February 2017 - November 2019 | |
| Preceded by | Rosalind Brewer |
| Succeeded by | Kathryn McLay |
| Personal details | |
| Born | 1974 (age 49–50) Jacksonville,Arkansas |
| Children | 4 |
John Furner is an American business executive. He is president and CEO of Walmart U.S. Previously,he led Walmart's Sam's Club subsidiary.
Furner was born in 1974 in Jacksonville,Arkansas. [1] He attended university at the University of Arkansas,Fayetteville,where he studied marketing management. [1] Furner graduated from the Sam M. Walton College of Business in 1996. [2]
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. [4] [5] At Sam's Club,Furner closed 63 stores to better compete with Costco. The Wall Street Journal reported that sales increased during his time as CEO. [6] Based on his experience at Walmart China,Furner focused on increasing the use of technology in Sam's Club warehouses and narrowing its targeted customer. [4] [7] Furner also focused on increasing Sam's Club's private brand business. [8]
Furner became president and CEO of Walmart U.S. in November 2019. [5]
Furner is married with four children. [2] He is board chairman of the National Retail Federation and was a board member of Medal of Honor Foundation in 2020. [9] [10]
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets,discount department stores,and grocery stores in the United States,headquartered in Bentonville,Arkansas. The company was founded by brothers Sam and James "Bud" Walton in nearby Rogers,Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31,1969. It also owns and operates Sam's Club retail warehouses.
Samuel Moore Walton was an American business magnate best known for founding the retailers Walmart and Sam's Club,which he started in Rogers,Arkansas and Midwest City,Oklahoma in 1962 and 1983 respectively. Wal-Mart Stores Inc. grew to be the world's largest corporation by revenue as well as the biggest private employer in the world. For a period of time,Walton was the richest person in the United States. His family has remained the richest family in the U.S. for several consecutive years,with a net worth of around US$240.6 billion as of January 2022. In 1992 at the age of 74,Walton died of blood cancer and was laid to rest at the Bentonville Cemetery in his longtime home of Bentonville,Arkansas.
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Samuel Robson "Rob" Walton is an American billionaire heir to the fortune of Walmart,the world's largest retailer. He is the eldest son of Helen Walton and Sam Walton,and was chairman of Walmart from 1992 to 2015. As of November 2023,Walton had an estimated net worth of US$72 billion,making him the 16th richest person in the world. He is also the principal owner of the Denver Broncos.
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The history of Walmart,an American discount department store chain,began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City,Oklahoma,and opened Walton's 5 &10. The Walmart chain proper was founded in 1962 with a single store in Rogers,expanding inside Oklahoma by 1968 and throughout the rest of the Southern United States by the 1980s,ultimately operating a store in every state of the United States,plus its first stores in Canada,by 1995. The expansion was largely fueled by new store construction,although the chains Mohr-Value and Kuhn's Big K were also acquired.
The Sam M. Walton College of Business is the business school at the University of Arkansas,a public research university in Fayetteville,Arkansas. Created in 1926,the college is the second-largest college at the University of Arkansas,with over 5,000 undergraduate students as of Fall 2016. Walton College offers undergraduate,master's,and doctoral programs and is known nationally for its strong programs in retail,finance,information systems,and supply chain management. U.S. News &World Report consistently ranks Walton College among the top business schools in the country. The college has a close relationship with Walmart Stores,Inc.,based in nearby Bentonville,Arkansas,and related vendor community.
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Furner, 45, started with Walmart as an hourly associate in 1993, working part-time in the garden center of a supercenter