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Tuesday, November 25, 2014

Wal-Mart's chief merchandising officer to leave - WSJ, (NYSE: WMT)

Wal-Mart Stores Inc's chief merchandising officer, Duncan Mac Naughton, is expected to announce his departure from the world's largest retailer just days before Black Friday, the Wall Street Journal reported, citing people familiar with the matter.Mac Naughton joined the company in 2009 as chief merchandising officer of Wal-Mart Canada and moved over to the merchandising operations at the U.S. business in 2010, according to the company's website.Mac Naughton was considered a potential successor to lead Wal-Mart's U.S. business when U.S. Chief Executive Bill Simon announced his resignation in July, the Journal said. ( company replaced Simon with Asia chief Greg Foran.

Wal-Mart Stores, Inc. (Walmart), operates retail stores in various formats globally. Shares of WMT traded higher by 0.89% or $0.75/share to $85.40. In the past year, the shares have traded as low as $72.27 and as high as $85.64. On average, 7035550 shares of WMT exchange hands on a given day and today's volume is recorded at 7995454.