Walmart restructures management to focus on local

Last week, Walmart's U.S. CEO and President Greg Foran announced a series of executive changes that will change the company's strategy, ultimately shifting power to give more authority to managers at local levels. For example, Mike Moore, executive VP of the Neighborhood Market, was made executive VP of Supercenters. And Julie Murphy, former Walmart West executive VP, was given Moore's previous position. The company has eliminated the executive positions that towered over Walmart East and Walmart West, with hopes that it can empower store management to make decisions on local levels, keeping the big-box retailer a competitive edge in local markets. Story