Walmart CEO reveals his acquisition strategy

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Walmart CEO reveals his acquisition strategy

By Gina Acosta - 11/22/2017

Walmart CEO Doug McMillon says the company is seeking to its transform its business through blockbuster deals.

In a new interview with The Street, McMillon, when not signing off on acquisitions, is looking for clever partnerships. Case in point: a partnership with Lord & Taylor to launch an online marketplace on Walmart's website in the middle of 2018.

"One of the realities of eCommerce marketing is that customer acquisition can be expensive, and so companies like Lord & Taylor are looking for traffic—I believe we have come up with a really unique partnership that will help them grow their business," McMillon said. 

Watch the interview by clicking here.