Wal-Mart’s CEO Says He Sees Room for Improvement on Store Visits

October 15, 2014 2:09 PM

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Wal-Mart Stores Inc. (WMT) Chief Executive Officer Doug McMillon, who took charge of the company in February, said he’s seen plenty of room for improvement when visiting stores on surprise visits in recent months.

McMillon, speaking at the company’s analyst day today near its headquarters in Bentonville, Arkansas, said stores need to boost in-stock levels -- a measure of the merchandise available on shelves for customers to buy. They also should address long checkout lines and improve staffing by increasing t...

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