Wal-Mart named 13 executives to its U.S. merchandising operations, marking the latest shake-up since CEO Doug McMillon
took the reins in February. As part of the changes, Scott Huff
will be promoted to executive vice president overseeing merchandising operations for the U.S., according to a company memo sent by U.S. Chief Merchandising Officer Duncan Mac Naughton
. Huff has been at Wal-Mart since 1994, when he started as an intern. The Bentonville, Arkansas-based company also named new executives to oversee everything from consumables and sales innovation to baby products and adult beverages....
More Suggested Content:
WalmartLabs Acquires Fashion Finding App Stylr
June 18, 2014
From The City Wire
Wal-Mart has acquired Stylr, the 13th tech move in three years as the retailer works to build infrastructure to support the next generation of retail. The deal was announced on Monday. "As we continue to integrate digital and physical retail to create new and unique experiences for customers, we're thrilled to add Stylr to our mobile team. Over half of Wal-Mart smartphone users have used their device in-store to assist with their shopping, and with 80 percent of our customers under the age of 35 owning a smartphone, we expect this to grow dramatically."
Big Retailers Agree to List Unit Prices on Websites
June 17, 2014
From The New York Times
Is that television-size box of graham crackers at Costco really a better deal than a standard box at Wal-Mart? Soon, online consumers won't have to do the math to figure it out. Some of the country's largest supermarkets and drugstores have agreed to display prices by unit of measurement, as well as by item, on their websites and mobile apps, to help shoppers slice though the confusion that sometimes arises from different packaging and discounts. Major retailers including Wal-Mart, CVS and Costco have agreed to the deal.