Scott Price To Resume Management Of Wal-Mart Asia

Retail giant Wal-Mart Stores has reportedly assigned Scott Price as its next CEO and president of Asia, after the brief stint served by Greg Foran who recently took the helm of the retailer’s U.S. business at the urging of Wal-Mart Stores CEO Doug McMillon.

Price moved to Bentonville in June to oversee international strategy after managing the business in China for nine years. Now, he will also resume management of the retailer’s casino online Asia business and do it from his Bentonville office. This adds to his international strategist role.

McMillon said recently that he managed Walmart International from his home base in Bentonville saying there are benefits that come with such a close connection to the retailers’s hub.

David Cheesewright, CEO of Walmart International, also offices out of Bentonville, while he still maintains a home abroad.

The centralized management strategy being used by Wal-Mart is not a surprise to analysts who say it can foster more collaboration opportunities among the top leaders.

Last week, Wal-Mart’s Japanese business unit Seiyu announced plans to close 30 of its stores as it seeks to revamp that business segment with more investment in freshness and online shopping.

The plan outlined by Seiyu also included an acceleration of store remodels, with enhancements to fresh and deli categories.