Walmart CEO Doug McMillon retiring as retailer gains more wealthy shoppers amid inflation

A major leadership transition is underway at Walmart, with CEO Doug McMillon set to retire on Jan. 31, 2026, after more than 40 years at the company. As he wraps up nearly 12 years as CEO, the retailer he leaves behind looks very different from the one he inherited. McMillon joined FOX Business' Maria Bartiromo on "Mornings with Maria" to discuss how inflation is reshaping consumer behavior and Walmart’s customer base. Higher-income households are increasingly turning to the nation’s largest retailer in sea ...