McMillon went on to note the company’s investment approach shared during an April investor conference:
For the first time I know of, our reputation for convenience has risen to nearly the same level as our strong reputation for price. There isn’t another retailer with over 10,500 stores, Sam’s Clubs, and a scaled eCommerce business. "When we bring our people and our tech together to serve customers and members, we create a true omnichannel experience. They can save money and time with us however they choose to in that moment. They can come see us in a store or club or use their mobile device to order from an increasingly broad assortment. With our combination of stores, Sam’s Clubs, and eCommerce capabilities, we’re positioned to serve people however they want to shop. "Around the world, we have great people and a powerful set of assets and capabilities. McMillon also noted the company’s evolution during his 32 years, going from a business that sold mostly general merchandise in the U.S., to now being the leading omnichannel retailer in the world: In his annual letter to shareholders and associates, Walmart President and Chief Executive Officer Doug McMillon expressed his gratitude and appreciation to shareholders for their confidence in the company and to associates who navigated a challenging year. The 2023 Annual Report highlights Walmart’s financial strength and positioning as a people-led, tech-powered omnichannel retailer dedicated to helping people save money and live better. There will be no physical location for the meeting. Shareholders will be able to attend the meeting online. (NYSE: WMT) today issued its 2023 Annual Report and filed its Proxy Statement in preparation for the company’s Annual Shareholders’ Meeting on Wednesday, May 31, 2023.
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