By  on July 24, 2014

In a surprise shift, Wal-Mart Stores Inc. has tapped its top Far East executive to revive its stores at home in the U.S.

On Thursday, Greg Foran was promoted to president and chief executive officer of Wal-Mart U.S., giving him the formidable task of restoring momentum to the U.S. discount chain amid economic headwinds, a midmarket consumer base that’s pinched for cash and a mature fleet of stores.

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