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Wal-Mart's Chief Merchandising Officer Mac Naughton Resigns

November 25, 2014: 12:00 AM EST
Wal-Mart Stores Inc. chief merchandising officer Duncan Mac Naughton resigned before Black Friday, the Thanksgiving shopping event. Mac Naughton's departure enabled Wal-Mart U.S. CEO Greg Foran to reorganize the retailer's operations in the United States, as Wal-Mart aims to attract more shoppers into its stores. Its U.S. business accounts for almost 60 percent of Wal-Mart's $476 billion revenue; however, for the past two years, it has been trying to overcome declining shopper visits.
Shelly Banjo, "Wal-Mart’s Chief Merchant Leaves", Wall Street Journal, November 25, 2014, © Dow Jones & Company, Inc
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