Walmart's CEO urges employees to reimagine company's future
The company is at a crossroads, as its long-held dominance in pricing and convenience has been chipped away at by Amazon and dollar stores. But it's fighting back on multiple fronts, growing more aggressive with prices and going after Amazon, both online and on the doorstep, by expanding delivery services to cater to shoppers who want to buy anywhere, anytime.
"We want to make every day easier for busy families. We're connecting all the parts of Walmart into one seamless shopping experience with great stores, easy pickup, fast delivery and apps and websites that are simple to use," Chief Executive Doug McMillon said at the annual shareholders' meeting.
The event was packed with 14,000 people including nearly 6,000 Walmart workers as well as shareholders, analysts and several Walton family members. The legacy of the company's late founder Sam Walton still resonates, with executives paying homage to his philosophy of low prices and customer service. Part business meeting, part pep rally, the meeting was hosted by comedian James Corden and featured musicians Katy Perry, Nick Jonas, Maxwell and Andy Grammer.
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