date:May 21, 2014
in a market where consumers value safe and authentic food over the low prices for which the retailer is known.
The announcement comes almost a month after Wal-Mart appointed a new chief executive for the China region, where the world's largest retailer is battling stiff competition from local rivals. Sean Clarke, current chief operating officer in China, will take over the China CEO role from June 1.
The U.S. retailer, which operates about 400 units in China, said last October that it would op