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Wal-Mart watch: Welcome to the jungle, Doug McMillon

  • Doug McMillon officially takes over the CEO reins at Wal-Mart (WMT) today with the retailing giant swimming with challenges for the C-suite.
  • The new farm bill passed by Congress cuts food stamps by a moderate amount after the company had already cited lowered government assistance in the program as a factor in sales running below expectations in Q4.
  • Despite the Q4 hit, Wal-Mart USA CEO Bill Simon thinks the development could help drive traffic in the future if consumers focus on the company's pricing advantage compared to grocery stores.
  • On the international front, the growth track in Brazil and China remains choppy. Execs will have to decide if they will trim stores in the regions or double down.
  • What to watch: McMillon is a proponent of the small-store Wal-Mart Neighborhood Market format in the U.S. The rollout could accelerate in 2014.
Comments (3)
  • $WMT: owning Wal-Mart is a no brainer. It is as natural to do so, as breathing.
    1 Feb, 12:16 PM Reply Like
  • yup.... let's me sleep better at night than some public charity like AMZN.
    1 Feb, 06:29 PM Reply Like
  • Wal-Mart Neighborhood Markets are all I go to when I'm out for groceries. A 75 dollar trip there works out to about 97 at the other stores about me.. Nice to see them break out from the $50's doldrums they were swimming in for what seemed like forever.
    1 Feb, 01:55 PM Reply Like
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