Wal-Mart Stores Inc. reached outside the company to hire a leader for its Asia business.
The retailer on Thursday named Scott Price, a former top DHL executive, as president and chief executive officer of Wal-Mart Asia.
The world’s largest retailer traditionally chose leaders from its own talent pool, but that has changed in recent years. Wal-Mart recruited from outside the company Leslie Dach, executive vice president of corporate affairs and government relations, who was vice chairman of Edelman, a global public relations firm, and Brian Cornell, president and ceo of Sam’s Club, who was ceo of Michael’s Stores.
Price, who also holds the title of executive vice president, knows Asia well. He was ceo of DHL Express Asia Pacific and president of DHL Express Japan before being named ceo of DHL Express Europe.
Price reports to Doug McMillon, president and ceo of Wal-Mart International, and is responsible for the company’s operations in Asia, including the fast-growing Wal-Mart China and Seiyu, the Japanese division, which is struggling. In addition, there’s the burgeoning business in India. Bharti-Wal-Mart Pvt. Ltd., the joint venture between Bharti Enterprises and Wal-Mart, opened its first store in Amritsar in May.
Price “has established a history of delivering results in the Asian markets,” McMillon said. “He knows the countries, he knows the customers, he knows how to run a business and he knows the region’s potential. We are eager to leverage his insight and capabilities to further our efforts in this region.”
Price succeeds Vicente Trius, who was named executive vice president, president and ceo of Wal-Mart Latin America in May. Trius joined Wal-Mart Asia in December 2008 after heading Wal-Mart Brazil for 11 years.
For the year ending Jan. 31, Wal-Mart International recorded sales of $98.6 billion, a 9.1 percent increase over the previous year. Wal-Mart has about 630 units in China and Japan and more than 100,000 associates.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews