BARCELONA, Spain — Partly as a result of the impact of a growing global population on the retail sector, a longtime director of Wal-Mart Stores questions whether the world's largest merchant is adapting fast enough to compete effectively in this new environment. “The biggest issue for me is that some retailers are changing rapidly but others are not,” said Jack Shewmaker, a director and a former chief financial officer at Wal-Mart, speaking at the World Retail Congress here this month. “If ...

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