Leahy, who turned Tesco from a solid British food retailer into a worldwide operation also selling electrical items, clothes and financial products, will be replaced by its head of Asian, European and IT operations Philip Clarke.
FAYETTEVILLE, Arkansas (Reuters) – Wal-Mart Stores Inc plans to buy back $15 billion more of its shares and expects to add over 500,000 employees in the next five years as it increases its global presence.
At the same time, the discounter is working to turn around sales in its U.S. Walmart business, which have fallen at existing stores for the past four quarters, Chief Executive Mike Duke said at the company's annual shareholder meeting.
