Walmart Online Unit Seeks New Executive While Losses Pile Up
- Chief revenue officer for U.S. e-commerce departed in May
- Digital business seen losing about $1.7 billion this year
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Walmart Inc. has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead.
The company is searching for a new chief revenue officer for its U.S. e-commerce business, who would work under online leader Marc Lore to help map out its battle plan against Amazon.com Inc., Target Corp. and other rivals. The yet-to-be-named executive will also work to stem the online businesses’ mounting losses in an increasingly competitive digital arena.