Retailers, consumers and prices
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.
Scott will retire as CEO of the world’s largest retailer as of Feb. 1.
While Scott will remain chairman of the executive committee of the board after retiring as CEO, he gave a hint on Monday as to how he might spend some of his upcoming free time.
Speaking at a Wal-Mart meeting that was broadcast over the Internet, Scott said he has been asked by Stanford to be a visiting professor.
Check Out succession planning at Wal-Mart
The world’s biggest retailer is about to get a new occupant in its corner office. Mike Duke, who currently heads the chain’s international operations, will take over as chief executive in February, replacing Lee Scott.