With sluggish U.S. same-store sales for more than a year, Wal-Mart reshuffled its top merchandising operations by naming four new product heads to run its American stores.
In a September 3rd memo, Walmart’s U.S. CEO Bill Simon realigned four merchandising divisions and appointed executive vice-presidents to head them.
According to Reuters:
The four merchandising units are general merchandise and replenishment; food; softlines; and a group that includes consumables, health and wellness and walmart.com.
The executive vice presidents heading those segments, respectively, are John Westling, Jack Sinclair, Andy Barron and Duncan MacNaughton, who was brought in from Walmart Canada. Westling and Sinclair have been with the company since 1988 and 2008, respectively, and Andy Barron since 1993. The executives will report directly to Simon.
The move does not fill a chief merchandising officer position with the Bentonville-based retail giant that has been vacant since veteran John Fleming departed the post on August 1st.
"This structure aligns similar categories and allows us to be even more competitive in each customer channel, improving how we target and localize merchandise," Simon said in the memo.
Wal-Mart has reported five consecutive quarters of falling U.S. same-store sales, a key indicator of corporate health in the retail industry.
You can read more at this link.
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