Thursday, September 14, 2017
Wal-Mart Stores Inc. is restructuring its U.S. store operations and will consolidate its business divisions from six to four, according to a Reuters report.
"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.”
Walmart’s divisions are currently structured across the West, South East, South Central, Midwest and Mid-Atlantic, the news report says.
As part of the restructuring, Walmart will have 36 regional managers instead of 44. The retailer expects to finish the restructuring by October.
“We had a similar structure in place three years ago and we are going back to that,” an unnamed source told Reuters.
The company has been consolidating functions since the start of the year. In February, Reuters reported the company would consolidate its buying operations to better fight Amazon.com, and the retailer’s Bentonville-based buying team will place combined store and web orders with suppliers who sell on both platforms. It also reorganized its food leadership teams in July in an effort to compete better with grocery rivals.