Walmart's Former CEO on the Company's Turnaround

Doug McMillon's tenure as Walmart's CEO is examined, focusing on his successful efforts to revitalize the company amidst rising competition from Amazon and changing consumer preferences. McMillon addressed Walmart's poor reputation by investing in worker wages and improving store operations, a strategy initially questioned by investors like Warren Buffett. Key to Walmart's resurgence was its expansion into online grocery sales, offering convenient pickup and delivery options at store prices. Looking ahead, incoming CEO John Furner is expected to leverage AI to further enhance the shopping experience, though he faces the challenge of following a highly successful predecessor and continuing to fend off competition from Amazon.