Walmart also reported lower quarterly revenue than Amazon for the first time ever.

Doug McMillon got his start as an hourly worker. He worked a summer job at Walmart unloading trucks when he was a teenager in 1984. 30 years later, McMillon took over Walmart as its CEO.

McMillon revealed that Walmart’s global advertising business witnessed a 28% increase over the year. The company’s e-commerce sales also surpassed $100 billion for the first time.

A group of Walmart shareholders asked company Chief Executive Officer Doug McMillon in a Jan. 14 letter to reinstate initiatives promoting diversity, equity and inclusion. Writing on behalf of ...

When Wal-Mart announced that Doug McMillon would become the retailer's fifth ever CEO starting in February, only the timing was a surprise. McMillon, 47, has steadily risen up the company's ranks ...