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Walmart says two high U.S. executives to go away


© Reuters. FILE PHOTO: A Walmart signal is seen inside its division retailer in West Haven, Connecticut, U.S., February 17, 2021. REUTERS/Mike Segar/File Photograph

(Reuters) – Walmart (NYSE:) Inc stated on Friday Chief Merchandising Officer of its U.S. unit, Scott McCall, will retire and handover the reigns to grocery chief Charles Redfield, because it appears to be like to capitalize on the positive aspects it made through the pandemic.

Redfield, who has led the U.S. grocery enterprise for the previous six years, will take up the function instantly, in keeping with an inner memo despatched to workers.

Earlier than Walmart, Redfield had held chief merchandising roles at ASDA, a UK grocer through which the U.S. retailer owns a minority stake, and at its warehouse membership providing Sam’s Membership, the memo despatched by U.S. Chief Government John Furner stated.

The management change comes two months after Walmart reported higher third-quarter gross sales in the USA than market expectations and raised its annual gross sales and revenue forecasts.

The upbeat outlook got here amid a surge in demand of groceries and residential items objects through the pandemic and a giant enhance from on-line procuring, which grew 8% in the USA, or 87% from the pre-pandemic ranges.

McCall, who has been with Walmart for almost 30 years, will work with U.S. operations head Chris Nicholas to additional drive stock administration earlier than he retires, the memo stated.

The Bentonville, Arkansas-based firm additionally stated that Chief Buyer Officer Janey Whiteside will depart in March “to start out her subsequent chapter in New York together with her household.”

Whiteside was the corporate’s first chief buyer officer when she was appointed in 2018.

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