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CHICAGO – Wal-Mart Stores Inc (WMT.N) is restructuring its U.S. store operations and will consolidate its business divisions from six to four, the company said on Tuesday.
“Our last field restructure was several years ago and our business has changed over that time,” the company said in a statement. “The structure we are putting in place will help improve communication and execution, streamline decision-making and help us accelerate our pace of change.”
Wal-Mart’s divisions are currently structured across the West, South East, South Central, Midwest and Mid-Atlantic, a source familiar with the matter, who did not wish to be identified said. The new divisions will take on a “different look”, the source said without giving details.
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