How Wal-Mart's New CEO Can Win Online

McMillon Photograph by Jonathan Fickies/Bloomberg

In many ways, Doug McMillon will step into the chief executive officer’s job at Wal-Mart Stores with the wind at his back. As the Walton family’s choice to replace Mike Duke on Feb. 1, he has the backing of stable and loyal shareholders. The U.S. economy is recovering, despite the frozen political tundra in Washington. The retailer’s ho-hum sales growth this year will make it easier to improve on past results. And investors reacted favorably to Monday’s announcement of his promotion, pushing up the stock price.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.