Wal-Mart Stores Inc. is betting on career insider Doug McMillon, who learned the business from founder Sam Walton, to revive a company struggling with slowing growth at home and in the international regions he oversaw.
Wal-Mart Stores Inc. said Doug McMillon, head of its international business, will replace Mike Duke as chief executive officer when he retires as the world’s largest retailer struggles to ignite growth at home and abroad.
Tiffany & Co., the world’s second- largest luxury jewelry retailer, said full-year earnings will be at the low end of its forecast after holiday sales growth slowed in the Americas and Asia. The shares fell.
Barnes & Noble Inc. is close to an accord giving billionaire Ron Burkle three board seats in exchange for dropping a lawsuit over limiting his stake in the company, said two people with knowledge of the matter.