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Thursday, January 3, 2013

Wal-Mart appoints Lev Khasis to develop new store concepts, (NASDAQ: LEDR), (NYSE: WMT)

The world's largest retailer Wal-Mart Stores Inc appointed Lev Khasis as president and chief executive of New Formats for Walmart International, a company spokesperson said. Khasis, who joined Wal-Mart in 2011 as senior vice-president, will focus on developing new store concepts that can be deployed across markets, Wal-Mart spokesperson Kevin Gardner said in an e-mail statement.Khasis built up Russia's biggest food retailer X5 through acquisitions into a Russian market leader until his resignation in 2011.Wal-Mart has more than 4,480 stores in the United States, including large supercenters, discount stores, grocery stores, small format stores and Sam's Club warehouse club stores.

Market Leader, Inc., online technology and marketing solutions for real estate professionals across the United States and Canada. Shares of LEDR traded higher by 1.16% or $0.08/share to $7.00. In the past year, the shares have traded as low as $2.40 and as high as $7.16. On average, 79885 shares of LEDR exchange hands on a given day and today's volume is recorded at 110837.

Wal-Mart Stores, Inc. (Walmart) operates retail stores in various formats around globally. Shares of WMT fell by 0.64% or $-0.44/share to $68.80. In the past year, the shares have traded as low as $57.18 and as high as $77.60. On average, 8839620 shares of WMT exchange hands on a given day and today's volume is recorded at 8910586.



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