Walmart 2016 Annual Report Download - page 8

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Throughout our history, Walmart has been an innovator
in retail. We’re now living in a new period of disruption, largely
driven by rapid technological advances, and that change is likely
to accelerate even further. Our efforts are squarely focused on
emerging as the retail leader.
Around the world, we face stiff competition, but our future is within
our control. We are a strong and profitable business, with unique
strengths and assets. Our people, stores and supply chain,
combined with our customer relationships and willingness to
change, provide the opportunity for us to continue to win with
customers. In fiscal 2016, we took several important steps to
reimagine Walmart, including initiating an approximately $2.7 billion
investment in our people over
two years and ramping up Online
Grocery. And we will move even
faster going forward. The bottom
line is this: we have the resources
to chart our own destiny, we
know where we are going, and we will win with a strategy that
only Walmart can execute.
Our work starts and ends with the customer. Technology has
changed customer expectations. Customers used to compare
us with the store down the street; now they compare us with
Winning in a
time of change
“We have the resources to chart our own destiny, we know
where we are going, and we will win with a strategy that
only Walmart can execute.”
Dear shareholders,
associates and
customers:
Doug McMillon
President and Chief Executive Officer
Wal-Mart Stores, Inc.
62016 Annual Report