CEO DOUG MCMILLON ON THE FUTURE OF WALMART

| January 16, 2018

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The National Retail Federation named Doug McMillon, CEO of Walmart, The Visionary at the NRF Foundation Gala on Sunday, honoring him for his contribution to the retail industry. During a discussion with NRF’s President and CEO Matthew Shay at NRF 2018: Retail’s Big Show, McMillon spoke about Walmart’s plans for the future, the decision to increase its minimum wage and why the notion of a retail apocalypse has been blown out of proportion. The retail giant just announced it would increase its minimum wage and expand benefits for Walmart employees as a direct result of recently passed tax reform. Retail is a people business, McMillon said, and Walmart wants to ensure not just the well-being of its 2.3 million employees, but also that the ladder of opportunity exists for career growth.

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