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The Latest Breaking News from Doug McMillon

Walmart and Target are both getting new CEOs—one succession plan has gone smoother than the other

Also: All the news and watercooler chat from Fortune.

Fortune

Regular Walmart Shopper Shocked By 'Suddenly Outrageous' Prices Wonders If They're Price Gouging Because Of Tariffs Or A Looming Recession

A longtime Walmart (NYSE:WMT) shopper took to Reddit recently to express disbelief over a wave of steep price increases on groceries and basic goods. In a viral post on r/Frugal, the person wrote, “Last week I went and noticed nearly all my cheap thrills are 25 to 50% higher,” saying…

Benzinga

Could John Furner Be The Leader To Take Walmart Into Its Next Era?

Furner first joined Walmart in 1993 as a part-time store associate. Over the years, he climbed through a variety of roles, store operations, merchandising, sourcing, and even took on international responsibility by working in Walmart's China division.

International Business Times

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A tale of two CEO successions: Walmart’s clean break vs. Target’s much-criticized transition

Both companies have new incoming CEOs, but Walmart’s appointment has been better received by Wall Street.

Fortune

Twilight of the star CEO

At a fraught moment for the American economy, an unusual number of globally iconic brands are getting new leadership

Axios

Doug McMillon Steps Down: Will Walmart's New CEO Keep the World's Largest Retailer on Top?

Doug McMillon retires after transforming Walmart into a tech-driven powerhouse. John Furner will succeed him, but can he sustain Walmart's dominance in a volatile retail market?

International Business Times UK

Meet Walmart's new CEO, John Furner: Once an hourly worker, he'll helm the top company in the Fortune 500

Furner said he learned the value of hard work from his grandfather, who was a farmer.

Fortune

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Walmart CEO started his career unloading trailers at the warehouse—he says raising his hand led to his success

Doug McMillon, who just announced his retirement, helped Walmart retain its top spot on the Fortune 500.

Fortune

Walmart CEO Doug McMillon to step down after more than a decade in role

John Furner, the retail chain’s boss in the US, will succeed McMillion as global CEO after 31 January

The Guardian - US

Who Is John Furner? Everything We Know About Walmart's New CEO As Doug McMillon Announces Exit

Walmart's long-planned leadership transition is officially underway.

International Business Times

Walmart CEO Doug McMillon to retire at 59 years old

John Furner, currently head of Walmart’s U.S. operations, will succeed McMillon as president and chief executive officer starting February 1, 2026.

Fortune

Walmart CEO Doug McMillon retiring, succeeded by John Furner

McMillon led the company during a massive expansion and technological revolution.

Axios

Walmart CEO Doug McMillon retiring after 11 years as he names his replacement

The current CEO transformed the business during his time at the helm

The Independent UK

Walmart CEO Says 'Every Job We've Got Is Going To Change' As AI Even Reshapes How Shopping Carts Are Collected. 'We Need To Be The Best In The World'

No job is safe—not even the one that involves chasing rogue shopping carts across a Walmart parking lot.

Benzinga

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Fortune

Inflation is so bad Americans are counting on Black Friday just to afford groceries and everyday essentials

"Black Friday is still a make-or-break moment for retailers, but shopper behavior is shifting," says Lightspeed Commerce founder and CEO Dax Dasilva.

The Independent UK

Walmart CEO warns that each of its 1.6 million jobs will be changed by AI - from CEO to checkout clerks

The announcement also comes as corporate America is betting big on AI

Tom’s Guide

OpenAI and Walmart just announced direct shopping through ChatGPT — everything you need to know

Walmart teams up with OpenAI to offer AI-powered conversational shopping, enabling personalised, seamless browsing, and instant checkout via ChatGPT.

Fortune

Shark Tank’s Kevin O’Leary blasts Gen Z who love to job-hop every six-months: ‘That’s a red flag’

Gen Z’s job-hopping obsession might be career suicide, warns the ‘Shark Tank’ multimillionaire investor: He’d throw their resume straight ‘into the garbage.’

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news in one place.

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Fortune

Walmart CEO says he can't think of a single job that won't be changed by AI—here’s how today’s workforce can prepare

The CEO of one of the world’s largest employers says AI is going to impact your job—ready or not.

Benzinga

Walmart Plans To Grow Revenue Without Hiring More People, Pointing To AI As The Future Of Its Workforce

Walmart (NYSE: WMT) is being blunt about the impact of artificial intelligence on its workforce: AI will change almost every job. And the company isn't pretending otherwise.

The Independent UK

How Walmart plans to prepare America's largest private workforce for an AI-driven future

As artificial intelligence and demographic changes reshape the U.S. job market, the nation’s largest private employer is trying to identify the skills its workers and the broader labor force might need for the future

Fortune

Walmart CEO wants 'everybody to make it to the other side' and the retail giant will keep headcount flat for now even as AI changes every job

But Walmart's 2.1 million-strong workforce will change in composition due to AI.

International Business Times UK

Workers Say Walmart And Target Are 'Deceiving Customers' By Removing Price Tags So They Can Jack Up Prices

Shoppers and employees allege Walmart and Target are removing price tags to hike prices without notice, sparking outrage amid inflation and upcoming tariffs.

Fortune

New Nestlé CEO joined the company straight out of college—like Mary Barra and Doug McMillon, he climbed all the way to the top at a single company

Philipp Navratil joins Fortune 500 leaders in proving that playing the long game up the same corporate ladder can pay off.

Benzinga

Walmart's Q2 Performance Hit By $450 Million In Liability Claims — Just 'Noise In Our Numbers,' Says CEO Doug McMillon

Retailer Walmart Inc. (NYSE:WMT) says its second-quarter results were hit by unexpected legal and liability-related issues to the tune of $450 million, weighing on the company’s performance.

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