The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019

Wal-Mart Replaces Chief Of U.S. Division

@AFP

New York (AFP) — U.S. retail giant Wal-Mart Stores Thursday announced it is replacing the head of its Walmart U.S. division, which has had declining same-store sales in recent quarters.

Greg Foran, 53, currently head of Walmart Asia, will lead the Walmart U.S. division starting August 9, reporting to chief executive Doug McMillon, the company announced.

Foran will replace Bill Simon, who has held the post since June 2010 and “will be transitioning out of the company,” Wal-Mart said.

“Greg is one of the most talented retailers I’ve ever met. His depth of knowledge and global experience will bring a fresh perspective to our business,” McMillon said.

Foran joined Wal-Mart in 2011 after previously working at Woolworths, a leading supermarket group in Australia and New Zealand.

The U.S. division, which accounts for about 60 percent of Wal-Mart’s overall revenues, had declining comparable store sales of 0.1 percent in the most recent quarter, after a 0.4 percent decline in the previous quarter.

AFP Photo / Justin Sullivan

Interested in national news? Sign up for our daily email newsletter!

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Mike Lindell

Ronna McDaniel secured a fourth term as chair of the Republican National Committee (RNC) on Friday with roughly two-thirds of the votes cast, leaving her challengers in the dust, including millionaire conspiracy-monger Mike Lindell, who had projected a winner’s confidence on the campaign trail.

Keep reading...Show less

Charles McGonigal

Youtube Screenshot

The arrest of Charles McGonigal, chief of the FBI counterintelligence division in New York from October 2016 until his retirement in 2018, reopens festering questions about the troubled election that put Donald Trump in the White House. Among the crimes charged against McGonigal in two lengthy federal indictments is a secret financial relationship with Oleg Deripaska — a Russian oligarch close to dictator Vladimir Putin and associated with Paul Manafort, Trump's campaign manager, himself convicted of crimes and pardoned.

During his FBI career, McGonigal oversaw investigations of Deripaska and other oligarchs suspected of various crimes, including espionage. Now the exposure of his illegal connection with Deripaska may provide fresh insights into Trump's tainted victory.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}