Charles Redfield, whose career at Walmart spanned 32 years and was most recently chief merchandising officer, is resigning effective May 1. He will remain in an advisory role.
"The leadership shakeup comes after America’s largest retailer warned it is facing a more challenging year ahead and will approach 2023 with caution," per CNN Business.
"Despite a strong holiday season, Walmart forecast slower sales and profit growth in February. Its strong holiday sales were fueled by groceries. Grocery prices rose 11.8% annually in December,
pushing customers toward more affordable options."
Read the whole story at CNN Business »
