Wal-Mart has made a number of structural changes to its US business in a bid to drive growth as the world’s largest retailer looks to enter new markets and develop new segments across its domestic market.

In staff memo issued yesterday (28 January), vice chairman Eduardo Castro-Wright said that over the last three years the firm had made “significant changes” in its business to strengthen its price leadership and upgrade the “shopping experience” in its stores.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

However, he added that it was time to “escalate these efforts” by leveraging its “size and global scale to drive greater efficiencies and lower the cost of goods to help accelerate growth”.

As a result, president and CEO Raul Vazquez has been promoted to executive vice president and president of its newly-created Walmart West Business division.

Vasquez’s role as CEO of Walmart.com US will not be replaced. Instead, Wal-Mart said it will integrate its merchandising and operations capabilities of with those of our traditional retail business.

This will be headed by Steve Nave who has been promoted to senior vice president and general manager of the Walmart.com US business unit.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Other changes include the integration of Walmart’s realty division with store operations and logistics under the leadership of Bill Simon, executive vice president and COO, Walmart US.

The retailer said it also plans to align its store planning team with the customer experience team that currently is part of merchandising.

Stephen Quinn, chief marketing officer of Walmart US will also take leadership of the firm’s marketing function in Brisbane.