Walmart’s chief merchandising officer for its US operations is stepping down from the job as the retailer faces a tougher year ahead
, an internal memo shared to US associates Friday said. Charles Redfield, whose career at Walmart spanned 32 years, will transition on May 1 and remain in an advisory role. In a memo viewed by CNN Business, Walmart U.S. CEO John Furner said Redfield wants to spend more time with his family. Redfield held his position at the retailer for a little more than a year, beginning in January 2022.
And so that’s why we take a pretty cautious outlook on the rest of the year.” The retail industry in general is expected to face challenges this year after sluggish holiday sales. Redfield is a Walmart veteran. He began his career as a Sam’s Club cashier while attending the University of Arkansas. He became assistant manager with Sam’s Club and worked his way up the ladder.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart sells menswear brand Bonobos at a steep loss | CNN BusinessClothes sometimes sell for a steep discount at Bonobos. Thursday night, the company itself sold for a loss.
Read more »
Yellen to CNN: Despite banking crisis, soft landing still possible | CNN BusinessLast month's upheaval within the banking sector hasn't pushed America off course from achieving a soft landing, US Treasury Secretary Janet Yellen told CNN's Fareed Zakaria in an exclusive interview Friday.
Read more »
More than 100 temperature records could be broken across the Midwest and Northeast through Friday | CNNSummerlike heat will continue to build across the Midwest and Northeast through Friday, as temperatures soar to as much as 30 degrees above normal. Nearly 90 daily records could be broken on Thursday and Friday.
Read more »
Cash App founder Bob Lee knew the suspect in his stabbing death, police say | CNN BusinessSan Francisco Police have arrested Nima Momeni in connection to the murder of Cash App founder Bob Lee, San Francisco Police Chief Bill Scott said during a news conference on Thursday.
Read more »
Deal close for Washington Commanders football team | CNN BusinessA group that is led by Wall Street billionaire Josh Harris and includes NBA legend Magic Johnson is nearing a deal to buy the NFL's Washington Commanders, a person familiar with the matter tells CNN.
Read more »