Ex-Walmart Exec Claims Cheating in Race With Amazon
Posted in: UncategorizedIn its race to catch Amazon in online retailing, Walmart issued misleading e-commerce results and fired an executive who complained the company was breaking the law, according to a lawsuit by the executive.
Tri Huynh, a former director of business development at Walmart, claims he was terminated “under false pretenses” after repeatedly raising concerns about the company’s “overly aggressive push to show meteoric growth in its e-commerce business by any means possibleeven, illegitimate ones.”
Under CEO Doug McMillon, Walmart has invested billions to catch up with Amazon in e-commerce over the past few years, and last year enjoyed quarterly online sales growth rates surpassing 50 percent, well above peers that include Target and Best Buy.
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