Retailers, consumers and prices
Creating a to-do list for Wal-Mart’s new CEO
Since the management change was announced in November, ShopTalk is fairly certain that Duke has come up with a pretty long list of things to do in his first few months as CEO.
But Reuters talked to analysts and investors about what they want Duke to focus on.
Some said Duke should continue the turnaround started by Scott, looking to boost results in its existing U.S. stores by slowing the opening of new ones.
Others said Duke needs to focus on building loyalty among the new shoppers that it has attracted during the recession to help keep its sales momentum going when times get better.
Another issue for Duke will be to find ways to spur strong sales in its grocery business as it looses the boost created last year from soaring food inflation.
If you could add to Duke’s to-do list, what would you want him to focus on?
(Photo/Reuters: Duke jokes with comedian Sinbad at the Wal-Mart Annual Shareholders Meeting in Fayetteville in 2007)