Business Intelligence on Retailing, Franchising, and Consumerism in China


One More Executive Leaves Wal-Mart China

According to reports in Chinese local media, Shawn Gray, operating vice president of the Chinese region of Wal-Mart Stores Inc., has resigned.

This is reportedly the third executive who left Wal-Mart China in less than a month. Not long ago, Wal-Mart China's chief financial officer, Roland Lawrence, and chief operating officer, Rob Cissell, resigned.

Wal-Mart announced that Gray departed for personal reasons and the company did not provider the name of a successor.

At present, Wal-Mart has over 330 stores in China and the company plans to further enlarge its market share in this marketplace. Statistics from the consulting firm Monitor Group show that by sales, Wal-Mart's megastores gained 5% market share in 2010. The retailer's operating revenue in China was USD7.5 billion during the year 2010, accounting for merely 2% of its USD420 billion worldwide revenue.






1 Comment on "One More Executive Leaves Wal-Mart China"

  1. Tim Robinson | July 4, 2011 at 1:54 pm |

    Looks like these guys are joining Reliance Retail in India. businessnews24hr.com/details.aspx?ID=183 They must have got really good package to leave Wal Mart.

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco