NEW YORK — Wal-Mart Stores is focusing on greater selection and fewer price promotions to restore sales, the new head of its U.S. operations said Wednesday. In his first public remarks since succeeding Eduardo Castro-Wright in June, Bill Simon, chief operating officer of Wal-Mart U.S., also said Wal-Mart would put a greater emphasis on national brands and would explore smaller store formats. Simon's back-to-basics agenda represents a reversal of tactics employed by previous Wal-Mart ...
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