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Duncan Mac Naughton Out as Wal-Mart Chief Merchandising Officer

1 min read

Just days before Black Friday, the world’s largest retailer has lost its chief merchandising officer for U.S. stores.

Various media outlets, including the The Wall Street Journal, are reporting that Duncan Mac Naughton has stepped down at Wal-Mart Stores Inc. of Bentonville.

Here’s what The Wall Street Journal reports:

The chief merchant plays a key role at any store chain, deciding on retailing strategy and choosing which products to promote to drive sales. Along with the rest of Wal-Mart’s U.S. division, Mr. Mac Naughton has struggled to boost sales during two straight years of declining shopper traffic.

Wal-Mart did break a seven-quarter streak in the third quarter of 2014 to post a 0.5 percent increase in revenue at stores open at least a year.

In a memo to company associates Tuesday, CEO of Wal-Mart U.S. Greg Foran did not name a successor, citing an “opportunity to get closer to the merchandising organization.”

Mac Naughton was named chief merchandising officer for U.S. stores in 2011. He joined Wal-Mart in 2009, as chief merchandising officer for Wal-Mart Canada. He was named executive vice president for merchandising for Wal-Mart U.S. in 2010.

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