Wal-Mart Asked More From Suppliers In 2017, The Same Shaping Up For 2018

When Wal-Mart Stores kicked off its annual Year Beginning Meeting in February, president and CEO Doug McMillon told suppliers: We want the absolute lowest prices in order to deliver on the retailer’s “Everyday Low Price” mission.

McMillon said he expects more turbulence in the retail sector in the coming years, but reiterated the company’s efforts to win with customers, saying suppliers can help with new product innovation and rock-bottom prices. The expectation of suppliers by Wal-Mart is they will do what it takes to help the retail giant grow sales.

One of the biggest challenges for suppliers and opportunities for Wal-Mart is the growth of omnichannel retail.   MORE

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