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•  Bloomberg reports that Walmart "has demoted the chief operating officer of its core U.S. business and installed a finance expert in the role, shuffling its senior leadership team just before the key holiday period.

"Dacona Smith, one of the retailer’s highest-ranking Black executives, will shift to become executive vice president and chief operations officer of Walmart’s U.S. stores … Chris Nicholas, previously finance chief of the U.S. unit, will take over the COO role."

The story notes that "the timing of the shuffle is unusual, as Walmart typically makes senior-management moves at the start of its fiscal year in February. Walmart is gearing up for the holiday sales season amid global supply-chain bottlenecks that have forced it to charter its own cargo vessels, and it’s trying to add 150,000 new employees to its massive 1.5 million-person U.S. workforce despite a tight labor market."

“Our goal is to do a better job of connecting the dots and flow our inventory in new and more productive ways,” CEO John Furner said in a memo to employees.

While Smith used to report to Furner and now will report to Nicholas, a company spokesperson told Bloomberg that it does not constitute a demotion.



•  Walmart said this week that its Sam's Club division will begin offering its members access to Fresh n’ Lean, described as a "prepared meal delivery services that is ready to eat in 2-3 minutes, non-bioengineered, and always fresh, not frozen … The meal plans, which each feature five meals, are available for $58.98 for Members and $53.98 for Plus Members."