Seeking Alpha

Wal-Mart's McMillon to jump right into the frying pan

  • Freshly-appointed Wal-Mart (WMT) CEO Doug McMillon has at least a few fires to put out as he tries to bring the same moxy he used at Sam's Club and the international business to the top job at the retailer.
  • This week, wage protests are expected at some Wal-Mart outlets while the compliance issues in Mexico and Bangladesh aren't fully in the rear-view mirror just yet.
  • The swipes at McMillon from outside Arkansas focus on that the degrees of separation between the exec and the Walton family aren't quite enough.
  • If the inside hire by Wal-Mart tips off one thing, retail analysts say, it's that the integrated e-commerce strategy that McMillon backed will stay on its current track. The goal is still simple: Cut into Amazon's lead.
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Comments (1)
  • Joe A. MacDonald
    , contributor
    Comments (110) | Send Message
     
    I think that this a GREAT move for WalMart! It shows that they can still promote from with in their own ranks and Doug McMilon has plenty experience with overseas operations and is very familar with the up and comming e-commerce strategy, that will certainly cut into Amazon's so called lead.
    Amazon has been ordered to collect sales taxes for many states; so it really levels the playing field in the e-commerce industry!
    26 Nov 2013, 08:22 PM Reply Like
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