Walmart US CEO Greg Foran compared Walmart to the biblical figure Goliath.
is opening its own chain of grocery stores separate from Whole Foods, Foran discussed his love for competition and said,"bring it on."'s entrance into the US market as"a galvanizing moment for the eastern seaboard for Walmart."
Walmart US CEO Greg Foran on Wednesday offered a rare look inside the company's strategy against its biggest rivals, including Amazon,He said he uses a biblical analogy to describe the relationship between Walmart and its competitors. "There was a period in time when Walmart was David and Sears and Kmart were Goliath. And it's always fun being David. Everyone loves David. No one likes Goliath," Foran said, speaking at a UBS Global Consumer and Retail Conference.
"We woke up at some point in 2000 and whatever and found out we were Goliath. And when you are Goliath you find that there are other Davids that start throwing stones at you and you've got to learn to deal with that. If you become immobile, you just end up taking a lot of hits."Walmart US CEO says half his store visits make him 'grumpy' — and he's turning up the heat on managers"These are people out there that attack us," he said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon to close all 87 of its U.S. pop-up storesAmazon.com Inc. is shutting down all 87 of its U.S. pop-up stores, ending the retailer’s yearslong experiment with these small shops as the company tinkers with an evolving bricks-and-mortar strategy.
Read more »
Dow set to fall | Huawei sues the US | Amazon joint health venture is namedWith the China trade issue at least temporarily receding into the background, global economic concerns have taken center stage on Wall Street.
Read more »
Amazon to Shut All U.S. Pop-Up Stores as It Rethinks Physical Retail StrategyThe retail giant is shutting down all 87 Amazon pop-up stores in the U.S., ending a yearslong experiment with these small shops as the company tinkers with its evolving bricks-and-mortar strategy.
Read more »
Amazon to close U.S. pop-up stores, focus on opening more book storesAmazon.com Inc will close all of its U.S. pop-up stores and focus instead on ope...
Read more »
Amazon is reportedly launching a brand-new line of grocery stores in major US citiesAmazon is gearing up to launch a new line of supermarkets in large US cities as soon as this year, according to the Wall Street Journal.
Read more »
U.S. grocers get another Amazon spook - Reuters TVAmazon plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Read more »
Marriott CEO to testify before U.S. Senate panel on data breachMarriott International Inc Chief executive Arne Sorenson will testify before a U...
Read more »
Why Alibaba is not competing with Amazon and Ebay for the US consumerAlibaba has shuttered its consumer efforts in the U.S. to focus instead on capturing American businesses.
Read more »
US Senator McSally says she was raped by a senior officer in US Air ForceRepublican Arizona Senator McSally, who is the first female air force fighter pilot in the US military, made the disclosure at a Senate hearing on the military's efforts to prevent sexual assaults and improve the response when they occur.
Read more »
Analysis | The Cybersecurity 202: U.S. officials: It’s China hacking that keeps us up at nightRussia hacking has Washington spooked. But security officials say China is the biggest long term threat.
Read more »