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CHICAGO – Wal-Mart Stores Inc (WMT.N) has announced changes to its food leadership team in an internal memo, as it prepares for increased competition with grocery rivals and remains caught in a price war.
Charles Redfield, executive vice-president for food at Wal-Mart U.S., unveiled the changes in the memo dated Friday and seen by Reuters. He said Wal-Mart is positioning leaders from the company in new roles so it can deliver and win at a time when retail is constantly changing.
A Wal-Mart spokesman did not immediately respond to a request for comment.
The changes come at a time when the world's largest retailer has been conducting price tests across several U.S. states and pushing vendors to undercut rivals. The recent entry of German grocery chain Lidl and expansion by another German rival, Aldi [ALDIEI.UL], has raised the stakes for American grocery chain operators.
To read the rest of the story, please go to: Reuters
