(Guillermo Parra-Bernal – Reuters)
Walmart is looking at how it sources its products in an effort to reduce prices, especially as commodity prices fall globally, the head of its U.S. division said on Wednesday.
Speaking at a briefing for analysts and investors, Greg Foran said the company had launched several projects aimed at re-establishing price gaps over its rivals, including looking at how it works with its suppliers.
“While we have pockets of leadership, in more competitive markets our gap is too small. And against some competitors we are beaten,” said Foran, who took over the helm of the U.S. operations in August. Click here to read more.