Walmart shakes up executive ranks

Bentonville, Ark.-based Walmart is making more executive changes as it keeps integrating the leadership of its store and digital operations.

According to a memo obtained by CNBC, the organizational changes are a continuation of a strategy to bring together physical and digital operations, assets and leaders that the retailer has deployed for several years, largely since the acquisition of Jet.com in the fall of 2016.

Walmart will be joining together the U.S. supply chain teams, which will be led by Greg Smith, the current executive vice president of Walmart U.S. supply chain, according to CNBC. Smith will jointly report to Greg Foran, who runs Walmart’s U.S. stores, and Marc Lore, who runs Walmart’s U.S. e-commerce business.

“Our customers want one, seamless Walmart experience,” McMillon wrote to employees, according to CNBC. “Earning more of our customers’ business in food and consumables is foundational to our strategy, and, at the same time, we will expand our ability to serve them with general merchandise in stores and through our broad e-commerce assortment as we continue to invest and build our e-commerce business.”

To read the CNBC article and Walmart memo, click here.