date:Jul 25, 2014
versee a much larger piece of the worlds largest retailer - though one thats contending with sluggish growth. The US performance contributed to lower-than-projected sales and profit in Wal-Marts most recently reported quarter, which ended April 30. At the time, Wal-Mart also forecast second-quarter profit that missed estimates.
Smaller Stores
Foran, a New Zealander, will be tasked with continuing Wal-Marts push into smaller-format stores - an effort begun under Simon. The US division also is t