date:Jul 28, 2014
nce and improvement. He spent a lot of time in stores and with store management. Hes an operator at heart.
Foran has much to fix. With Wal-Marts low-income customers still living from paycheck to paycheck, the company hasnt posted positive same-store sales for the past five quarters, according to data compiled by Bloomberg. A reduction in food stamp payments has also weighed on Wal-Mart sales. The shares have fallen 3 percent this year, compared with a 7.6 percent gain for the Standard Poors 5