HomeIndustriesWalmart Names New Merchandising Chief

Walmart Names New Merchandising Chief

Latriece Watkins has been named Walmart’s new U.S. chief merchandising officer, a memo seen by Reuters on Friday revealed. This comes days after Charles Redfield stepped down from the role.

Since joining the U.S. retail giant 24 years ago, Watkins has served in several senior roles across the Walmart U.S. and Sam’s Club chains. She was most recently the executive vice president of the Walmart U.S. consumables division.

Watkins’ appointment comes as little surprise, given that Walmart CEO John Furner wrote in a memo to associates that Redfield would step down from the role of chief merchandising officer. Redfield has agreed, however, to continue serving the company in an advisory role.

Speaking of the decline in consumer power due to high inflation, Furner expressed his confidence in Watkins’ ability to navigate this challenging period. “We have a rich history of strong leaders who embrace this constant change, set bold visions for our teams and best represent the humanity that is Walmart,” he wrote in the memo.

Zoom Tops Estimates, Raises Full-Year Forecast

Zoom Video Communications reported its earnings for the first quarter of 2024 on Monday and topped the estimates of Wall Street analysts. The communications...

Reddit Stock Jumps on the Back of Open AI Partnership

Social media platform Reddit announced earlier this week that it is partnering up with artificial intelligence start-up Open AI to improve the experience of...

Warren Buffett’s Berkshire Hathaway Reveals Its Secret Stock

For the past three regulatory filings, Warren Buffett’s Berkshire Hathaway has been keeping one of its stock holdings confidential. Now, the conglomerate revealed that...