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• Walmart announced that it has named Latriece Watkins, who has been with the company for a quarter-century and most recently was executive vice president of the Walmart U.S. consumables division, as its new US Chief Merchandising Officer. Watkins succeeds Charles Redfield, who announced late last month that he was stepping down "to spend more time with his family."
CNBC notes that "Watkins’ appointment takes place at a time when consumer spending power has been reduced by high inflation, hurting Walmart’s business and leading the company to adopt a cautious stance on 2023."
• BJ's Wholesale Club announced that Bob Eddy, the company's president-CEO, now also will serve as the company's chairman of the board. Eddy succeeds Chris Baldwin, who will remain on the company’s board as a director.
