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The Latest Breaking News from Doug McMillon

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.

Benzinga

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

The Independent UK

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.

Fortune

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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.

International Business Times UK

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.

Fortune

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.

Benzinga

Walmart Doubles Down On Discounts To Fight Tariff-Induced Inflation As Lower, Middle-Income Shoppers Adjust Spending Habits

Walmart Inc. (NYSE:WMT) is aggressively increasing discounts to combat rising costs from tariffs, as the retail giant sees middle and lower-income shoppers altering their spending habits in response to higher prices.

Benzinga

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Walmart sees customers flocking to its stores to find deals amid high prices and tariff fears

Walmart said its tariff-related price increases were limited to 10 percent and the company was absorbing the rest of the costs

The Independent UK

Walmart Stock Tumbles: CEO Warns Tariffs Are Raising Costs

Walmart, Inc. (NYSE:WMT) shares were trading lower Thursday after the company reported its first earnings miss in three years.

Benzinga

How Walmart’s CEO navigated tariffs to post a solid quarter: ‘We’re keeping our prices as low as we can for as long as we can’

Walmart has a three-pronged strategy to deal with tariffs, and is making sure shoppers aren’t the only ones taking a hit.

Fortune

Ikea's incoming CEO started his career as a store manager—he recalls working at 5 a.m. in the loading area and eating hotdogs with the founder

Juvencio Maeztu has climbed Ikea's ranks for decades, just like outgoing CEO Jesper Brodin and Walmart chief Doug McMillon.

Fortune

Walmart's Bold AI Overhaul Could Drive Efficiency, Margins And Market Edge

Walmart (NYSE:WMT) is revamping its artificial intelligence agent strategy to streamline the user experience. After building dozens of AI agents across various systems with separate interfaces, the company realized the fragmented setup was confusing for users.

Benzinga

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

Doug McMillon helped Walmart retain its top spot on the Fortune 500.

Fortune

Trump Tariffs: Will Walmart, Target and Nike Still Raise Prices in 2025?

Walmart and other major U.S. retailers were bracing for price hikes due to steep tariffs, but now that could change.

Kiplinger

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International Business Times UK

Donald Trump Tells Walmart and Mattel to 'Eat the Tariffs' Amid Price Hike Warnings

President Trump is clashing with major companies like Walmart and Mattel, accusing them of falsely blaming tariffs for price increases and demanding they absorb the costs.

Latin Times

Treasury Secretary Acknowledges Cost of Tariffs: 'Some May Get Passed on to Consumers'

Treasury Secretary Scott Bessent admitted that some of the cost of Trump's tariffs "may get passed on to consumers."

The Independent UK

Trump Treasury secretary admits Americans will pay ‘some’ tariff price hikes

Treasury official says he spoke with Walmart leadership after chain was targeted by Trump’s angry diatribe

Fortune

Scott Bessent says tariff uncertainty is a tactic — otherwise countries 'would play us in the negotiations'

"If we were to give too much certainty to the other countries, then they would play us in the negotiations," Bessent told CNN.

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The Guardian - US

US treasury secretary says Walmart will ‘eat some of the tariffs’ after Trump demand

Scott Bessent claims he received assurance in a personal call with company’s chief executive

The Independent UK

Treasury secretary says Walmart's warnings on price increases are a 'worst-case scenario'

Treasury Secretary Scott Bessent is playing down inflation risks from the Trump administration’s tariffs

The Independent UK

Trump orders Walmart to ‘eat the tariffs’ and stop blaming his trade war for rising prices: ‘I’ll be watching’

President lashes out at world’s largest retailer despite claiming his tariffs are tax on foreign countries not U.S. consumers

Latin Times

Trump Tells Walmart to 'Eat the Tariffs' After Mega Chain Said It Would Raise Prices: 'I Will Be Watching and So Will Your Customers!'

Trump's demand that Walmart "eat the tariffs" sparked backlash as the retailer confirmed prices will rise due to new import taxes, putting added strain on working-class Americans.

Fortune

Walmart's CEO gets honest about Trump's tariff reality: Prices are still going up despite the China trade war pause

Doug McMillon admitted on Thursday that even reduced China tariffs are too much for the country's largest retailer to absorb.

International Business Times

Walmart Warns Of Higher Prices Due To Tariffs

Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over President Donald Trump's tariffs.

Fortune

A serial entrepreneur, a musician, and Walmart’s CEO walk into an AI factory…

Eko, a startup that pivoted from video tech to product catalog image galleries, is building a new kind of factory.

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