Wal-Mart's Management Changes Indicate Important New Direction for US Stores

A few weeks ago, I posted a blog about Wal-Mart in which I expressed disappointment with comments President and CEO of U.S. Stores Greg Foran made to analysts. At that time, he shared a top-line review; he seemed pleased with the performance of Express and Walmart Neighborhood stores and also endorsed the Superstores. Few specifics were provided as to his plans to set a new direction for the business other than state his intention to focus on food areas of the store, manage inventories carefully and improve the customer shopping environment.