Walmart to streamline divisions
Wal-Mart’s more than 4,500 U.S. stores will have a new hierarchy by moving from six divisions to four, all of which will report to Executive Vice President Mike Moore, according to the Bentonville-based retailer.
Wal-Mart is rolling out the consolidation plan and more details will be available next month. The regional store map is also being shrunk from 44 regions to 36 with the change, according to news first reported by Bloomberg. It’s been three years since Wal-Mart last restructured its store operations which was just prior to when Walmart U.S. CEO Greg Foran took command of the U.S. stores.
Since that time Foran has made several changes to streamline communications and operations across the business which had, he said, become bloated over the years. The new store operations blueprint is a continuation of that agenda.
“As retail and the customer are changing, we’re putting people who are equipped to run great stores and understand, embrace and execute change at an unprecedented rate in the right roles and in the right locations. Our last field restructure was several years ago and our business has changed over that time. The structure we are putting in place will help improve communication and execution, streamline decision-making and help us accelerate our pace of change,” a Wal-Mart corporate spokesman told Talk Business & Politics.
One of the six divisional heads is being transitioned into human resources and another of the positions was recently vacated by Martin Mundo of the Southeastern U.S., who replaced Shawn Baldwin overseeing grocery produce and sourcing. Baldwin was tapped by Charles Redfield, grocery chief, to fill a new role that focuses on Hispanic customers.
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