Retail

Walmart CEO to retire in January

Walmart announced Friday that CEO Doug McMillon plans to retire in 2026 after leading the retail giant for more than a decade. He will be succeeded by Walmart U.S. CEO John Furner.

FOX Business Briefs 10/28

Amazon and UPS announce layoffs; Royal Caribbean sees cruise demand accelerate; revenue up at The North Face and Timberland; OpenAI and PayPal team up.