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Home / US Business / Walmart shuts down executives after the holiday season, and the chief trader leaves

Walmart shuts down executives after the holiday season, and the chief trader leaves



Cashiers call buyers at a Walmart store in Burbank, California.

Patrick T. Fallon | Bloomberg | Getty Images

Walmart shuts its leadership team after the 2019 holiday season.

The company's most important merchant Steve Bratspies is scheduled, according to an internal memo sent to employees Friday by Walmart U.S. CEO John Furner, who was notified by CNBC.

Bratspies is to be replaced by Scott McCall, the note states, which most recently led entertainment, toys and seasonal at Walmart. Bratspies had been with Walmart for more than 1

4 years.

Walmart has not yet reported holiday sales, while rival Target earlier this week said its 2019 holiday sales missed estimates due to weakness in toys and electronics. Amazon, meanwhile, said it had a "record" holiday, although it has not revealed exact numbers.

A Walmart representative declined to comment.

Walmart has also appointed Dacona Smith as chief operating officer of Walmart U.S., according to the memo. He previously held that title in the company's Sam's Club division.

Replacing Smith at Sam's Club is Lance de la Rosa, another company veteran, the note states.

The note said that all the changes are effective February 1.

"These traits show the depth of talent in our business and the opportunity for advancement at Walmart," Furner said in the note.

Walmart shares fell below 1% on Friday afternoon.

The dealer's shares have increased almost 20% in the last 12 months. Walmart has a market capitalization of around $ 327.3 billion.

The Wall Street Journal first reported the shaking.

This is an evolving story. Please check for updates.


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