Wal-Mart shakes up e-commerce business and management
The world's largest retailer said it has restructured its e-commerce operations in the United States, United Kingdom, Canada and Japan to better bridge its in-store experience with its website, according to the Wall Street Journal.
E-commerce managers in developed markets will now report directly to executives in charge of stores in each country, instead of reporting to a worldwide online team.
In addition, Raul Vazquez, who had been in charge of global e-commerce initiatives in developed markets, and Steve Nave, who oversaw Walmart.com, are leaving the company. A Wal-Mart spokesman said the departures were voluntary.
In the U.S., Walmart.com will now be led by Joel Anderson, who had been the company's senior vice president of the northern plains region. In China and India, Wal-Mart said its Internet efforts would be led by Wan Ling Martello, a former chief financial officer of the company's international operations.
Besides trying to grab market share online, Wal-Mart has struggled with its U.S. in-store performance; sales at stores open at least a year have fallen for eight quarters in a row. The retailer reports second-quarter earnings Tuesday.
-- Andrea Chang
Photo: A Wal-Mart store in Connecticut. Credit: Bloomberg