Walmart President and CEO Outlines Retailer’s Newest Chapter

Company’s associates and shareholders urged to “reimagine retail
again”

BENTONVILLE, Ark.–(BUSINESS WIRE)–Today at Walmart’s 46th Annual Shareholders Meeting,
President and CEO, Doug McMillon outlined his vision for the future. He
urged the company’s 2.3 million associates to write the next chapter in
Walmart’s story, saying “We have the opportunity to reimagine retail
again.”

McMillon reinforced the call to action by announcing that Walmart
is now working with Uber and other partners
to test deliveries to
customers from U.S. stores and clubs. He also took to Facebook Live to
connect directly with Walmart associates around the world and thank them
for their service.

Supporting Associates, Serving Customers and Communities

The more than 14,000 in attendance listened closely as McMillon outlined
three critical steps for the retailer’s reinvention: supporting and
engaging Walmart associates, serving customers and serving communities.

“As the world becomes more digital, it will be the humanity of Walmart
that differentiates us and wins with customers,” he said. “Our
investments in education and training, store structure, wages, hours and
sales floor technology are to support you and enable you to serve your
customers and members. Every associate has a role to play. The actions
of 2.3 million of you add up to something big.”

McMillon referenced the company’s purpose of saving people money so they
can live better and said part of living better is about being able to
“invest time in the people and the life you love.”

He added, “This is our ambition globally: we want to be the first place
busy families go to save money and time, especially on their everyday
needs. We’re connecting all the parts of Walmart into one seamless
shopping experience with great stores, easy pickup, fast delivery, and
apps and websites that are simple to use.”

McMillon went on to recap the progress Walmart has made in creating a
seamless shopping experience for customers around the world:

  • In China, the retailer has strengthened stores, built a modern supply
    chain and is moving aggressively with pickup and delivery.
  • In the UK, ASDA’s grocery home shopping service now covers almost 99
    percent of the country.
  • Around the world, the retailer is developing pickup or delivery
    capabilities in 11 countries.
  • In the U.S., Walmart associates are more engaged, merchandise
    assortment is improving, and inventory flow is better. Online grocery
    pickup has rolled out in nearly 40 markets.
  • Additionally in the U.S., the retailer will offer Walmart Pay in every
    store by the end of this month to make the checkout experience faster
    and easier. And the retailer has recently announced an unlimited
    two-day shipping option from Walmart.com and a rapid online assortment
    expansion.

“We’ll be there for our customers – making their lives simpler and
better. And customers will choose Walmart because we’ve earned it,”
McMillon said.

McMillon also spoke about the company’s role in serving communities.

“Our customers care about their neighbors, their planet, and their
children’s future. They want to buy products that are good for the
environment and the people who made them. They want items that are safe
and healthy for their families. And ultimately they want to spend their
money with a retailer they trust. We earn trust by operating in a way
you and your family can be proud of. We’ll do that and more.”

For more information or to watch a replay of the shareholders meeting,
please visit www.walmartshareholders.com.

About Walmart

Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better – anytime and anywhere – in retail stores, online,
and through their mobile devices. Each week, nearly 260 million
customers and members visit our 11,527 stores under 63 banners in 28
countries and e-commerce websites in 11 countries. With fiscal year 2016
revenue of $482 billion, Walmart employs more than 2.3 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
Online merchandise sales are available at http://www.walmart.com
and http://www.samsclub.com.

Contacts

Walmart Media Relations
Deisha Barnett, 1-800-331-0085