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Walmart U.S. Appoints Steve Bratspies to Chief Merchandising Officer

In Industry News, People, Reports, What's New by Accessories StaffLeave a Comment

Bentonville, AR—In the latest move by a major retailer to shift its merchandise mix, Walmart U.S. announced the appointment of Steve Bratspies to chief merchandising officer for U.S. stores, effective Oct. 19. Bratspies will oversee all merchandise categories across more than 4,500 stores in the U.S. business. He will continue …

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Walmart Cuts Full Year Profit Forecast as Shoppers Cut Back

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Bentonville, AR—Confirming a concern that middle income consumers have been reluctant to spend on discretionary purchases, Walmart today reported a modest profit and sales gain and lowered its full year forecast. Said CFO Charles Holley: “The retail environment remains challenging in the U.S. and our international markets, as customers are …