Reuters

(Reuters)

Wal-Mart says Asia chief Greg Foran to now head U.S. business

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Wal-Mart Stores Inc said Greg Foran, the head of its Asia business, would now lead its struggling U.S. business.

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Foran, who replaces Bill Simon, will take over his new role on Aug. 9, the company said.

Wal-Mart's U.S. same-store sales have remained sluggish for at least a year