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November 16, 2018

Walmart CEO talks about what keeps him up at night

By ANNE D'INNOCENZIO
AP Retail Writer

HOUSTON — When Walmart's Greg Foran took over as CEO of the discounter's U.S. division four years ago, he found messy stores with lots of items that were frequently out of stock. The 57-year-old New Zealand native dove in, making sure shelves were loaded with the most popular products and establishing controls to increase freshness in produce like strawberries.

Foran's obsession with the nitty-gritty details has helped lead to several years of straight quarterly sales gains for the U.S. division. But with Walmart facing competition from Amazon and other pressures, he's also reimagining the shopping experience at Walmart's 4,700 stores, transforming them into distribution hubs that can fill the fast-growing online orders to reduce shipping costs and speed up deliveries.


 
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