The Humbling of Wal-Mart: 'There Is No Excuse for Us Not to Be Doing Better'

Wal-Mart CEO Doug McMillon Photograph by Drew Angerer/Bloomberg

Wal-Mart Stores got a new chief executive this year, and he appointed a new president for the company’s U.S. stores. The two leaders have taken over a business that has been struggling in many ways—including labor protests in the U.S. and corruption investigations overseas—but by far the biggest problem has been financial. Wal-Mart sales are not growing this year, and they didn’t increase last year, either.

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