Wal-Mart (WMT +1%) CEO Doug McMillon faces the Titanic challenge of generating $5B in sales to add just a single percentage point of sales growth which is one reason the exec has a bigger focus on e-commerce and alcohol categories than his predecessor.
McMillon is also a fan of Big Data and will push the company toward "dynamic pricing" - instead of the "everyday low price" model.
Wal-Mart's top U.S. exec, Bill Simon, told CNBC earlier today that it will take six months to a year for the higher rate of employment in the U.S. to balance out with a pickup in consumer spending. To many retail analysts, the recent commentary from Bentonville tips off that there is a sluggish sales trend for the most recent quarter.
Simon and McMillon have both trumpeted the expansion of the smaller store format which is slowly becoming a bigger part of the mix at Wal-Mart.
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