WSJ What’s News A Walmart Lifer Will Become the Retail Giant’s Next CEO
22 snips
Nov 14, 2025 Walmart's CEO Doug McMillon is stepping down after transforming the retail giant for over a decade. Longtime executive John Furner takes the reins, likely continuing the company's focus on e-commerce and AI. In another segment, Quince reveals its unique strategy to predict and undercut fashion trends through advanced technology, allowing it to sell high-fashion alternatives at lower prices. Additionally, a new U.S.–Switzerland trade deal promises to significantly reduce tariffs on Swiss goods, following a successful diplomatic initiative.
AI Snips
Chapters
Transcript
Episode notes
Walmart Modernized Under McMillon
- Doug McMillon reoriented Walmart toward e-commerce and diversified revenue with membership and advertising.
- The company shifted pay and culture to retain employees while modernizing how people shop.
Successor Likely To Continue Current Strategy
- John Furner is a longtime company lifer expected to continue Walmart's recent trajectory.
- Executives are preparing Walmart to leverage AI across shopping and work.
Strong Market Track Record Eases Transition
- Shares rose sharply under McMillon, giving the new CEO a strong starting position with investors.
- Wall Street knows Furner but will watch where he steers the company next.