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Wal-Mart apparel top-brass resigns

21
Jul '07
Wal-Mart Stores Inc revealed that Executive Vice President for apparel merchandising, Claire Watts, resigned on Thursday so as to “pursue other interests”.

This announcement came after the Company's shift from low-priced clothing to fashion wear, failed to improve garment sales.

Spokeswoman said that Watts, who joined Wal-Mart in 1997, will officially leave Bentonville, Ark., retailer next week.

Chief Merchant for Walmart.com, Dottie Mattison, has now been promoted to Senior Vice President for women's apparel, jewelry, shoes and accessories as well as product development. Mattison will directly report to Chief Merchandising Officer, John Fleming.

Experts believe that the low apparel sales, which make up for Wal-Mart's 10-15 percent share, are the main cause of loss at same-store results, since last fall.

Many analysts further opine that the recent changes in top management are part of Company's efforts to revive overall sales.


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