John Furner officially takes over as Walmart CEO.
Walmart launched Walmart Exports, a new cross-border shipping program. The program aims to bolster international e-commerce and support third-party sellers. This signals the company's intent to accelerate its digital footprint and omnichannel execution.
Walmart maintains a strong market position. Analysts describe the company's current phase as a 'continuation' of a successful strategy. This contrasts with competitors like Target, who analysts suggest require a 'reinvention'.
Furner drove the company's focus on automation and e-commerce. He is expected to continue these successful initiatives. Walmart shares gained significantly over the past year.