A Walmart Lifer Will Become the Retail Giant’s Next CEO

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 14 November 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Nov. 14. Walmart CEO Doug McMillon is stepping down after more than a decade at the helm, and longtime executive John Furner will take his place. WSJ reporter Chip Cutter discusses how McMillon reshaped the U.S.’s biggest private employer, and what it means for its strategy with Furner in the top spot. Plus, how does online retailer Quince seem to always have what you’re looking for? Chavie Lieber, who covers fashion and culture for the Journal, goes inside the company’s strategy and how it’s able to sell high fashion “dupes” at a fraction of the price. And the U.S. has struck a trade deal with Switzerland after a charm offensive from the country’s business executives that lowers the tariffs on Swiss goods from 39% to 15%. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.3	rental listings July 24 through June 2025. Number one trusted based on August 2025 proprietary survey
0:28.3	among real estate professionals. What Walmart's long-time CEO stepping down means for the
0:36.7	company's future.
0:38.2	Plus, what's driving yet another volatile day in markets.
0:42.3	And how online retailer Quince is scraping the internet in its quest to sell you cheaper cashmere sweaters.
0:48.3	A lot of these digital first fash fashion brands that are really big now, they all have a very similar model where they're able to
0:55.4	predict what shoppers are going to buy and then they operate in real time.
0:59.7	It's Friday, November 14th. I'm Alex O'Sillac for the Wall Street Journal.
1:04.2	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:16.5	Thank you. the top headlines and business stories that move the world today. Walmart CEO Doug McMillan is stepping down after over a decade in the role,
1:21.4	a change at the top of the country's largest retailer and private employer.
1:25.3	Under his leadership, Walmart went from a struggling retailer with
1:28.3	stagnant sales to an e-commerce rival to companies like Amazon with diverse revenue streams.
1:34.0	This is McMillan in an interview with the Stanford Graduate School of Business earlier this year.
1:38.6	We eventually figured out what we wanted to do with e-commerce, and now the growth rates gone back up.
1:43.7	We have a more sustainable business model, and now we make money from membership,commerce, and now the growth rates gone back up. We have a more sustainable
	...

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