Wal-Mart appoints Lev Khasis to develop new store concepts

Fri Jan 4, 2013 1:17am GMT

Related Topics



Jan 3 (Reuters) - The world's largest retailer Wal-Mart Stores Inc appointed Lev Khasis as president and chief executive of New Formats for Walmart International, a company spokesperson said.

Khasis, who joined Wal-Mart in 2011 as senior vice-president, will focus on developing new store concepts that can be deployed across markets, Wal-Mart spokesperson Kevin Gardner said in an e-mail statement.

Khasis built up Russia's biggest food retailer X5 through acquisitions into a Russian market leader until his resignation in 2011.

Wal-Mart has more than 4,480 stores in the United States, including large supercenters, discount stores, grocery stores, small format stores and Sam's Club warehouse club stores.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.