Doug McMillon : Franchise Herald

Doug McMillon

Doug McMillon

Walmart's CEO Defends Investments in Labor, Stores, Web, Following Market's Reaction to Retailer's Latest Forecast

Douglas McMillon, the CEO of Wal-Mart Stores, Inc., defended his investments in labor, the store, and the web in a blog post on Wal-Mart’s website. The defense of his investment follows the market’s reaction after the company forecasted lackluster sales growth for this year and dip in profits for next year.

Wal-Mart CEO: Retailer Announces Leader Change Amid Growth Struggles; Potential Bribery Case

Wal-Mart international business leader Doug McMillon will replace current chief executive officer Mike Duke Feb. 1.

Just In

Amazon CEO Andy Jassy Faces Backlash Over Tone-Deaf Comments Amidst New Seller Fees

Amazon mobile app

Dollar Tree Announces Closure of 35 Stores in Ohio, Final Sales Underway

Sorry We're Closed Note

Exclusive Sip: 7-Eleven Partners with Celebrity for New ZOA Energy Drink Flavor

7-Eleven

Steak 'N Shake Introduces Facial Recognition Payment System, Sparks Customer Outrage

Sliced Steak

JCPenney Unveils $500 Million Reward Scheme for Loyal Customers Nationwide

Mannequins

Most Read

1

Detroit Wing Company Abruptly Closes Three Locations, Employees Informed Just Hours Before Shift

Korean chicken wings

2

Shop 'n Save Announces Closure Dates for All Locations, Aldi to Take Over Majority of Sites

Family shopping in the grocery

3

Steak 'N Shake Introduces Facial Recognition Payment System, Sparks Customer Outrage

Sliced Steak

4

Margaritaville No More: Jimmy Buffet's Iconic Las Vegas Location Closes Its Doors

Las Vegas signage

5

Tex-Mex Trouble: Well-Known Restaurant Chain Competitor of Chipotle Shuts Down, Declares Bankruptcy

Empty restaurant