Some analysts once thought that Walmart might go the way of Sears. But leadership changes and a willingness to invest in associates and technology has paid off big for Walmart:
“CEO Doug McMillon, who worked with legendary founder Sam Walton, has been willing to rewrite Walton’s playbook by investing heavily (and losing money) to compete with Amazon in e-commerce. But he also began fixing basics of store operations—like checkout wait times and out-of-stocks—with help from Walmart U.S. CEO Greg Foran, a veteran of Australia’s retail market.”
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