Walmart Sends Veteran Exec To China To Restore Reputation

Walmart is trying to polish its image in “critical market” China after damaging news reports about questionable accounting, inventory and food-safety practices. The company named veteran Walmart employee Maggie Sans as senior vice president and chief corporate affairs officer in China to help improve its reputation. A story published by Bloomberg News in December showed that Walmart’s China unit had for years engaged in unauthorized sales and accounting practices that made the business appear healthy in the midst of an actual slowdown in retail transactions.