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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.

More about shopping malls in the USA

YESTERDAY, China:
One of the largest companies in the Asian real estate market, CapitaLand Retail opens all its shopping centers in China.
YESTERDAY, Sweden:
Swedish fashion retailer H&M, the second-largest player in the world market, has announced plans to buy back all products from suppliers.
Apr 3, 2020, Russia:
IKEA introduced a gallery of backgrounds for video calls that are becoming increasingly popular when working from home.
Apr 3, 2020, Germany:
Faced with an extremely adverse reaction, Adidas apologized and said it would still pay rent for April.
Apr 2, 2020, USA:
The WeWork network of coworkers has started offering tenants to halve their rents, provided they sign a lease agreement for several months.
Mar 31, 2020, France:
The brand will refocus some of its production capacity on producing masks and other protective equipment to join the global fight against the pandemic.
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