Walmart COO Judith McKenna met with more than 400 suppliers last Friday to discuss her priorities for the retailer’s domestic business. The event was held at the Sam’s Club home office, the day after Walmart opened 33 Neighborhood Markets.
Key takeaways were simplification, best practice sharing, supply chain opportunities and small format growth. McKenna mentioned several times throughout her speech the importance of simplification and the need for closer collaboration between merchants and operators at Walmart, using the phrase “Better Together”.
By “simplification”, Walmart means a fundamental concept of being an every day low cost operator by improving execution, reducing costs and improving sales. McKenna oversaw supply chain in the U.K., where E-commerce is more advanced than in the U.S. She views increased integration of digital and physical as a major opportunity. “We have work to do on the store experience and customer experience,” McKenna said.
McKenna has been visiting a lot of store to identify opportunities that will drive simplification.
“We want to grow and grow with you,” McKenna said, which hit home with the suppliers in attendance.
Source: Retailing Today
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