New York —
Walmart’s run as America’s largest retailer appeared to be in jeopardy when Doug McMillon became Walmart’s chief executive 11 years ago.
Walmart’s business was struggling, its public image was reeling from a bribery scandal in Mexico that reached top leaders, and protesters rallied outside stores nationwide over low pay and working conditions. “Walmart is falling apart before our eyes,” one analyst said.
But today, Walmart has never been stronger. The company’s stock recently hit all-time highs. Sales are surging, even as rivals such as Target, Home Depot and others slump.
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