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.

U.S. Offers Argentina Support on IMF Talks and Lithium

Juan Gonzalez, the adviser to U.S. President Joe Biden and the National Security Council's Western Hemisphere senior director, confirmed that a U.S. delegation offered...

Global Central Bankers Convene to Discuss Final Interest Rate Decisions of 2023

Central bankers from half of the Group of 10 territories with the most-traded currencies are set to convene to determine their final interest rate...

Inflation Expectations Sink to Lowest Level in Two Years

The latest consumer sentiment survey from the University of Michigan showed that U.S. consumers are expecting inflation to be 3.1% in a year; a...