Walmart’s Top US Merchant to Step Down After a Year in Role

Walmart Inc.’s chief US merchandising officer, Charles Redfield, is exiting after a little more than a year in the job as the world’s largest retailer faces slowing economic growth.

Starting May 1, Redfield will “focus on transitioning his work and supporting the US business in an advisory role,” John Furner, the head of Walmart’s sprawling US business, said in a memo to employees Friday. A successor will be named soon, Furner said.