November 25, 2014 / 6:33 AM / 3 years ago

Wal-Mart chief merchandiser departs just before Black Friday: memo

(Reuters) - Wal-Mart Stores Inc (WMT.N) Chief Merchandising Officer Duncan Mac Naughton has decided to leave the retailer to pursue new opportunities, according to a company memo provided to media.

    The move comes as Wal-Mart and other retailers gear up for the holiday shopping season.

    Greg Foran, head of the retailer’s U.S. operations, said in the memo that he had decided not to name a new chief merchandising officer at this time and would have other team members report directly to him.

    Reporting by Nathan Layne; Editing by Lisa Von Ahn

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