Walmart’s business in China has hit an unexpected bump with the sudden resignation of two senior executives at a time when it is facing increasing competition in the country.
The world’s largest retailer by sales said that Roland Lawrence, its chief financial officer in China, and Rob Cissell, its China chief operating officer, had both resigned “due to personal reasons to explore other opportunities”.
Walmart is looking to China and other emerging markets to offset the flat performance of its US business, where it has limited growth potential, but in several foreign countries it has found the going tough.
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