Walmart Tests Opening ‘Dark Stores' to Speed Up Online Delivery
Walmart Inc. is testing dark stores, which resemble retail stores but are closed to the public, as a way to speed up deliveries.
The company has opened one of these smaller warehouses in Dallas and plans to add another in Bentonville, Arkansas, where Walmart is based, according to people with knowledge of the matter who weren't authorized to speak publicly. Walmart is exploring adding more locations, the people said.
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CFOs On the Move: Week ending June 27
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. Longtime employee was appointed CFO of Ahold Delhaize USA, a grocery retail group that includes grocery brands Food Lion, Hannaford and Stop & Shop. Wilson started his career at Ahold Delhaize USA's predecessor support brands (Delhaize America) in 2000. He joined as assistant controller and held several roles throughout his tenure, including as director of business development, vice president of strategy and vice president of finance and business planning. Wilson has worked at Food Lion for the last 10 years, most recently as senior vice president of FP&A. Lookman Olusanya has been named CFO of Los Angeles-based Metropolis, an AI company enabling checkout-free payment experiences. He joins the company on June 30 after serving as CFO of Square, the financial technology and point-of-sale services unit of Block. Olusanya previously held non-CFO leadership roles at Google Cloud, Amazon Web Services and American Airlines. At Metropolis, he will help scale the company's financial systems and build what he calls a 'native AI finance organization.' Founded in 2017, Metropolis recently completed a $1.8 billion M&A deal and is reportedly fundraising at a valuation near $5 billion. Ulta Beauty's finance chief has left the cosmetics retailer. Oyibo had been with the company for more than five years and was promoted to CFO in April 2024, transitioning from her role as senior vice president of finance and procurement. Ulta appointed its senior vice president and controller, Chris Lialios, as interim chief financial officer while it searches for Oyibo's permanent replacement. Lialios joined Ulta in 1999 as assistant controller and has held his current position since 2018. Dataminr, a real-time AI platform, named as chief financial officer. Buchanan joins the company from cybersecurity firm CrowdStrike, where she was most recently senior vice president of finance and capital markets. Over her 13 years at CrowdStrike, she played a key role in several strategic finance initiatives, such as IPO preparations, a combined $1.5 billion public debt offering and a $1 billion share repurchase program. She started her career as an accountant at HKG. Publishing company Wiley named as its new finance chief. Albright spent over 20 years at Xerox, most recently as CFO of the Americas and global cash center lead. Other roles at Xerox include CFO of commercial excellence, vice president of finance and strategy for its enterprise and managed print services and CFO Europe Operations. He started his career at Deloitte as a business analyst. Albright replaces interim chief financial officer Chris Caridi, who will continue in the role of senior vice president, chief accounting officer and finance transformation leader. was appointed chief financial officer of data storage company Pure Storage. Robbiati has held various business and financial leadership roles throughout his career, including as CEO of RingCentral, CFO of Hewlett Packard Enterprise Company and CFO at Sprint, where he led its turnaround efforts. He also held leadership positions at Telstra, Orange Plc, Atradius, Lehman Brothers and Andersen Consulting. Robbiati succeeds Kevan Krysler, who is leaving the company. Krysler joined the company as CFO in 2019 from VMware, where he was chief accounting officer. is the new CFO and head of corporate development of holographic display company Swave Photonics. Jensen joins Swave from special purpose acquisition company SK Growth Opportunities, where he was chief financial officer. Over Jensen's career, he has held several vice president of corporate development roles, including at SK hynix, Magic Leap, GlobalFoundries and Xperi. He also has over 10 years of experience in semiconductor-focused technology investment banking. is back in the CFO seat at Staar Surgical, a maker of implantable lenses for vision correction. Andrews, who had a 25-year career at the company, previously held its top finance spot in two different stretches, once from 2007-2013 and again from 2017-2020. She rejoined Staar in March as its interim CFO to take over for Patrick Williams, who agreed to step down as part of leadership realignment. This week, Williams announced his appointment as chief financial officer of NeuroPace, the maker of an FDA-approved epilepsy device. has resigned as CFO from Virginia-based wood-alternative decking maker Trex to take a new position in Minnesota, near her family. Lovcik joined the company as CFO in Oct. 2023 from Johnson Controls, where she was vice president of global products and global supply chain. She will stay on as CFO through Aug. 5, 2025. Bryan Fairbanks, the company's CEO and president, will assume the role of interim CFO while the company seeks to identify Lovcik's successor. Fairbanks was previously the CFO of Trex from August 2015 until being named CEO in April 2020.
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Morgan Stanley Maintains a Buy Rating on MercadoLibre (MELI) With a $2,850 PT
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