Walmart’s longtime chief executive, Doug McMillon, will step down on Jan. 31, the company said on Friday. John Furner, who has been president and chief executive officer of Walmart’s U.S. division, will become the retailer’s new chief executive.

John Furner, the current Walmart U.S. CEO, will take over for McMillon in February. Walmart stock pulled back modestly on the announcement, but the transition should be smooth. Furner has been in that position for six years, and Walmart seems to be well positioned for growth, having overcome the earlier challenge it faced in e-commerce.

Amazon, Walmart, and Target tend to set the tone for other retailers. They also have the largest networks and strongest infrastructure when it comes to accepting returns. For the 2025 holiday season, the three retail giants are only making some minor changes. It’s important to know the specific policy for whatever item you are buying.

The supplement was sold online through third party platforms including Amazon, Walmart, Target, Etsy, and eBay.

Doug McMillon, who will exit in January, has steered the retail giant to new heights through a pandemic, high inflation and political upheaval.

"Amazon prices have risen 12.8% this year on average as of the end of September, according to an analysis of online pricing data from third-party research firm DataWeave. Prices at Target were up 5.5% since the start of the year, and prices at Walmart were 5.3% higher, according to the analysis," CNBC reported.

Black Friday Ads. Browse the best deals from Black Friday ads from Amazon, Target, Best Buy, Walmart, Home Depot, and more in 2025.