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Wal-Mart Stores Inc (WMT) said its vice president of operations in China left the company, becoming at least the third executive from that nation to depart in the past month.
Shawn Gray left for "personal reasons," Wal-Mart said in an e-mail today. The Bentonville, Arkansas-based company, the world's biggest retailer, didn't say if a replacement had been named.
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Wal-Mart fell 1 cent to $52.82 at 4:01 pm in New York Stock Exchange composite trading. The shares have dropped 2.1 percent this year.
Operations in China, where Wal-Mart had 333 outlets at the end of April, generated $7.5 billion in revenue, or 1.8 percent of the company's $420 billion in total sales last year, Scott Price, chief executive officer for Asia, said in March. Sales in China rose 12 percent in the first quarter of this year, the company said May 17.
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