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Wal-Mart shake-up results in the appointment of 13 merchandising executives



In the latest shake-up at Wal-Mart Stores Inc (WMT), 13 merchandising executives have been named.
Scott Huff is to become executive vice president, responsible for US merchandising. He joined the company as an intern during 1994, Bloomberg says.

Global Changes
The reshuffling comes after a new Walmart.com chief was appointed earlier this month and the Canadian CEO, Shelley Broader, was promoted to a new post responsible for Europe, Sub-Saharan Africa and the Middle East. The group announced during April that CEO of its Chinese unit, Greg Foran, will become the CEO and president of Asia. He replaces Scott Price, who will move to the company’s head office in Arkansas.

Michelle Glockler is filling the post as executive vice president of consumables and US manufacturing. John Aden, who was responsible for merchandising is set to become the executive vice president of US sales innovation.

Since being appointed CEO, Doug McMillon, has placed focus on reviving US growth. Earnings per share was projected at $1.28, but will reach $1.15 to $1.25. Company shares have declined 3.7% this year. At the close in New York, its stock gained 0.1% to reach $75.79.


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YESTERDAY, Italy:
The subsidiary of the leading Arabian group starts projects in Milan and Turin.
DAY BEFORE YESTERDAY, United Kingdom:
Croydon Council approves plans to build £1.4 billion shopping center.
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Ada Mall will be the first shopping mall of the newest generation in Belgrade, Serbia.
Nov 14, 2017, Russia:
The FORT Group is acquiring the entire retail portfolio in Moscow from IMMOFINANZ in a share deal.
Nov 13, 2017, United Kingdom:
Haribo has chosen London Designer Outlet (LDO) for its first outlet store in the UK.
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