Walmart Relies on In-House Leaders to Steer Through Retail Hurdles
- Walmart appoints John Furner, a 30-year veteran, as CEO in 2026, succeeding retiring Doug McMillion. - Furner, 51, leads U.S. operations with 4,600 stores and $120.9B Q2 revenue, emphasizing internal leadership continuity. - McMillion's 12-year tenure saw 400% stock growth but faces challenges like tariffs and affordability crises. - New CEO inherits AI-driven transformation goals, with Q3 earnings and SNAP benefit disruptions under investor scrutiny.
Walmart Inc. (WMT) has appointed John Furner, who has spent three decades with the company, as its upcoming chief executive officer. He will take over from Doug McMillon, who is set to retire at the close of January 2026. Starting February 1, 2026, Furner—currently serving as president and CEO of
Furner, age 51, started at Walmart in 1993 as an hourly worker in Bentonville, Arkansas. Over the years, he has held various leadership positions in merchandising, operations, and sourcing, and previously managed Sam’s Club U.S. as well as marketing for Walmart China. As the head of Walmart U.S.—the company’s largest division, responsible for 69% of net sales in the first half of 2026—he
During McMillon’s leadership, Walmart’s share price climbed by more than 400% and its market value increased by $576 billion. He led the company through a digital overhaul, introducing same-day delivery and expanding online sales,
Furner steps in as Walmart leads in AI adoption, with McMillon noting that artificial intelligence will “transform every one of the company’s more than 2 million jobs”
This executive transition continues Walmart’s tradition of promoting leaders from within, as McMillon himself advanced from an hourly position to the top role. The company intends to
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: XRP Derivatives Surge Amidst Bearish Indicators—A Pivotal Turning Point
- XRP fell to $2.43 amid bearish crypto sentiment but saw $4.11B derivatives inflows, driven by retail demand and a $2.58 weekly high. - Technical indicators show mixed signals: price below key EMAs and RSI at 48, yet MACD maintains a bullish stance since Monday. - XRP remains trapped in a $2.35–$2.55 range with critical support at $2.30; whale activity highlights tactical positioning over long-term conviction. - Bitcoin's consolidation above $105K and 72% sell-side volume pressure underscore XRP's cross-a
Investors Rethink Risk as Cryptocurrencies and Equities Take Separate Paths During Economic Instability
- Crypto and stock markets diverge as PEPE drops 9% while Noomez ($NNZ) gains, reflecting shifting risk appetite amid economic uncertainty. - PepsiCo (PEP) underperforms peers with 4.2% monthly decline, while NET Power (NPWR) plummets 10.51% after 3,900% worse-than-forecast Q3 losses. - Paysafe (PSFE) stabilizes at $2.72B valuation despite 27.56% YTD slump, contrasting PayPal's 28% decline and highlighting sector resilience. - Legal pressures intensify with WPP and Jasper Therapeutics facing lawsuits, whil
Bitcoin Updates: Wall Street Connections Heighten Crypto Risks as Bitcoin Reaches Lowest Point in Six Months
- Bitcoin hit a six-month low at $103,778 amid AI-driven economic fears and geopolitical tensions, driven by leveraged liquidations and risk-off sentiment. - Institutional support for Bitcoin ETFs remains strong, with $130B in assets despite $2.9B in outflows, as BlackRock's IBIT ($80.58B) attracts inflows. - Trump's $2,000 tariff proposal briefly boosted Bitcoin 2% but intensified trade tensions, highlighting crypto's sensitivity to macroeconomic policy shifts. - Technical indicators show sustained bearis
Ethereum Updates Today: Institutions Accumulate While Long-Term Investors Exit, Intensifying the Crisis of Confidence in Crypto
- Institutions like BitMine continue buying Ethereum despite market declines, accumulating 19,500 ETH this month. - Long-term holders sell at breakeven while super-whales add $53.9M ETH, highlighting fragmented market sentiment. - Bitcoin/ETH ETFs see $1.13B outflows as prices fall below $100k and $3,150, with $1.1B in leveraged liquidations. - Market remains bearish with weak retail demand, but large buyers and Ethereum's Fusaka upgrade could drive volatility shifts.
Trending news
MoreCrypto prices
More
