Wal-Mart to Realign US Operations
Wal-Mart seeks to realign is US operations as the largest retail store chain in world pushes for a more regional market autonomy.
According to Wal-Mart, the three regional divisions will be handled by presidents in the West, South, and North offices. The company aims to be more costumer-driven in the coming years.
The world’s biggest retail store chain Wal-Mart Stores Inc. announced on Friday that it has started the realigning of its United States operations in a bid to give more autonomy to regional markets executives and to give more focus in its US market growth.
In a statement, Wal-Mart vice chairman Eduardo Castro-Wright said that the retail giant will be combining its store and reorganizing operations, realty, and logistics divisions under three geographic business units in the US. It will be managed by three regional presidents which include West, South, and Northern US.
“The move to realign our US operations will help facilitate the growth of the company while we seek new markets and develop new segments in America. We also look forward in driving more efficiency in the business by having better leverage in our resources,” Castro-Wright said.
Meanwhile, Customer Growth Partners President Craig Johnson said that the regional realignment of Wal-Mart will help individual stores to be more closely connected to its customers. However, the retail consultancy company said that it will not be an easy feat for Wal-Mart; especially that it is the biggest consumer firm in the world.
“The move to realign Wal-Wart US operations will be like turning the Queen Mary around. But the more the company will be able to become customer-driven, the better it will become,” Johnson said.
Last year, Wal-Mart posted more than $400 billion in sales.
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