Wal-Mart taps insider to head international division (Reuters, 12/10/2013)
David Cheesewright, who also runs Wal-Mart’s Europe, Middle East and Africa (EMEA) operations, takes the job at a time when Walmart International’s profitability lags that of the overall company, and the unit is the focus of a costly bribery probe.
3 Ways Walmart Can Save Itself From Extinction (Yahoo! Finance, 12/11/2013)
The truth is McMillon has bigger concerns than Walmart’s image. There’s ample evidence the company’s become a rotting shell of its former self. Where once stood a devastatingly efficient retail machine, there is now a rapidly aging corporate empire being brought down by internal rot and external attacks from scores of hungrier, more nimble competitors. According to Brain Sozzi of Belus Capital Advisors, Walmart is in a fight for its very existence. Unless McMillon is able to make drastic strategic and cultural changes, Walmart as we know it will be a thing of the past in the next 15 years.
The Future of Walmart: An Open Letter To New CEO Doug McMillon (The Brand Farm, 12/5/2013)
Moreover, the current business model almost solely fixated on low retail price seems unsustainable in the long term because of its toxic by-products. Walmart is, one way or another, behind immoral human rights practices at manufacturing companies forced to cut all manner of corners to get the prices that the retailer demands. Beyond that, it is meaningfully responsible for the enormous outsourcing of American jobs from U.S. companies forced to manufacture abroad to stay competitive. If we’re honest, while this has allowed Walmart to get the prices it wants, it has harmed untold American families and communities. The public is increasingly both aware of Walmart’s role in these activities and unwilling to support them.
It’s bad enough that so many people find themselves in a circumstance that forces them to take work which leaves them below the national poverty line. Creating a narrative that these people are working for substandard pay because they want to is nothing short of demeaning and offensive.