Walmart US CEO Greg Foran compared Walmart to the biblical figure Goliath.
is opening its own chain of grocery stores separate from Whole Foods, Foran discussed his love for competition and said,"bring it on."'s entrance into the US market as"a galvanizing moment for the eastern seaboard for Walmart."
Walmart US CEO Greg Foran on Wednesday offered a rare look inside the company's strategy against its biggest rivals, including Amazon,He said he uses a biblical analogy to describe the relationship between Walmart and its competitors. "There was a period in time when Walmart was David and Sears and Kmart were Goliath. And it's always fun being David. Everyone loves David. No one likes Goliath," Foran said, speaking at a UBS Global Consumer and Retail Conference.
"We woke up at some point in 2000 and whatever and found out we were Goliath. And when you are Goliath you find that there are other Davids that start throwing stones at you and you've got to learn to deal with that. If you become immobile, you just end up taking a lot of hits."Walmart US CEO says half his store visits make him 'grumpy' — and he's turning up the heat on managers"These are people out there that attack us," he said.
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