Target veteran sought as replacement.

Food saw strong topline results despite minimal inflation, according to the company.

Retail giant to spend billions on employees, technology and value.

The company announces additional leadership changes.

Brett Biggs to succeed Charles Holley.

Brett Biggs to succeed Charles Holley.

Layoffs were at company headquarters in Bentonville, Ark.

Company sees effort as key to winning at retail.

Representatives of Cargill, Walmart and other firms attend a private ceremony at the White House.

The CEO and chairman to pursue other ventures.