Wal-Mart appoints Lev Khasis to develop new store concepts

Fri Jan 4, 2013 1:17am GMT

Related Topics

Quotes

   

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.

FILED UNDER:
Photo

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.