Walmart CEO Reveals His Acquisition Strategy as He Transforms Retail Giant

Walmart reveals tech incubator in Silicon Valley called "Store No.8"
By Brian Sozzi.

Walmart Stores Inc. (WMTGet Report) has been wheeling and dealing all year long. And with the market sending Walmart’s stock to new heights as it seeks to its transform its business through deals, its eagerness to pull the trigger is unlikely to subside in 2018.

“We are trying to mostly build the assortment, a customer is looking to us for not just value but they want to have a wide selection,” Walmart’s CEO Doug McMillon said in an interview with TheStreet. “We are focused on busy families, so moms are important—we want to make every day easier for busy families.”

That focus has been clearly on display of late.

Read more at The Street.

 

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