Lack of accountability at Walmart highlighted by Target resignation
Target announced the resignation of its Chief Information Officer yesterday.
Target announced the resignation of its Chief Information Officer yesterday.
Today’s Wall Street Journal reports that a group of Yahoo investors have written a letter to company Chairman Maynard Webb questioning CEO Marissa Mayer’s leadership and calling on her to step down from Walmart’s Board of Directors in order to focus on Yahoo’s problems.
So, it’s done. Unable to arrest the decline in Yahoo’s ad revenues, CEO Marissa Mayer has canned Chief Operating Officer Henrique de Castro in advance of the company’s January 28th earnings report, a move that has been anticipated for some time by Yahoo-watchers.
The evidence is piling up that Walmart will have to make massive new investments in an eCommerce distribution network in order to defend its position against Amazon.com and get back on a growth footing.
“There’s no substitution for boots on the ground in the store. No substitution. You can have all the technology you want but if you don’t get it out of the back room to the floor when the customer needs it, then that’s a lost cause.” – Drake Jackson, Category Manager (retired), Walmart
Must-read Walmart clips of the week
Over at The Splendid Table they’ve posted an eye-opening excerpt from this interview with Stephanie McMillan, whose new book, The American Way of Eating, chronicles her experiences working undercover in farm fields and a Walmart store outside of Detroit.
New Walmart lead director Jim Cash has an article out about how to “exploit IT for competitive advantage” in business, in which he rhapsodizes about IT’s role in promoting the “virtuous cycle of revenue growth and operational-efficiency improvements.”