Walmart management expects big things to come from opening small boxes outside of the U.S. The company, which has achieved success in Mexico and elsewhere with formats such as its Bodega Aurrera in Mexico and Neighborhood Markets here, has named an executive to focus on building business through alternative concepts in international markets.
Lev Khasis, a retail executive who joined the company in 2011 from X5, Russia's largest food retailer, has been named president and CEO of new formats for Walmart International, according to reports.
"Lev has a track record of developing innovative formats, and he will now focus on developing new concepts that can be deployed across our markets to provide future growth," Kevin Gardner, a spokesperson for Walmart, told Bloomberg News.
Walmart currently operates more than 69 banners in 27 countries around the planet. Of its more than 10,500 retail stores, nearly 6,000 are part of Walmart International.
