Starting in February, Walmart Inc. will have a new chief executive, John Furner — a three-decade-plus veteran at the big-box giant who analysts say is likely to keep what worked for the company over t...

Walmart chief executive Doug McMillon will retire from his post in January, handing over the reins to a longtime deputy.

When Mr. Furner takes the reins in February, he will oversee one of the largest workforces in the United States and be responsible for navigating the retailer into the age of artificial intelligence.

The latest Walmart deal discounts the price of an annual Walmart+ membership to just $49 — a 50% savings.