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Feature Story

Walmart shuffles execs: Simon becomes head of U.S. stores


BENTONVILLE, Ark. (June, 29, 2010) - Bill Simon was given one of the biggest jobs in retail on June 29 when he was named president and CEO of Walmart U.S., assuming vice chairman Eduardo Castro-Wright’s responsibilities for the $258 billion division.

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Opinion

Chinese currency fluctuation disrupts U.S. retailing market

In late July, China announced the decoupling of its currency, the Renminbi (Yuan) from the U.S. dollar.  For many economists and investors around the globe this is being viewed as a positive development. For U.S. exporters there is a real opportunity to increase their sales to the world’s second largest market as it will make U.S. produced goods more affordable to the average Chinese consumer.full story...


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