Will Wal-Mart Change After Lee Scott?

The retail world received a shock recently when Lee Scott, Wal-Mart’s very visible president and CEO, announced a January retirement. He’s getting replaced by Michael Duke, the retailer’s vice chairman in charge of international operations.

One article points out that Scott’s departure is a bit strange, given that we’re upon the biggest selling season of the year. But it does reveal that Scott is leaving on a high note, as the discount giant has had a sales rejuvenation in this tough environment.