Tagged: wal-mart stores inc.

With Job Announcements, Firms Appear to Seek Trump's Approval

by Associated Press 1/18/2017 10:47 am

From Wal-Mart to General Motors to Amazon, a growing number of the world's largest companies appear to be trying to get in step with President-elect Donald Trump's demand that employers hire and keep jobs at home.

Wal-Mart Plans 10K New Retail Jobs, $6.8B in US Spending

by Associated Press 1/17/2017 6:52 am

Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing locations. The world's biggest retailer says its plans will also generate about 24,000 construction jobs, even as it opens fewer stores in the coming fiscal year.

Cameron Smith & Associates Expanding

by Arkansas Business Staff 1/16/2017 12:00 am

Cameron Smith, founder of the executive recruitment firm Cameron Smith & Associates in Rogers, says business has been good, so good that the firm has opened an office in San Antonio and is looking at offices in Chicago and Nashville, Tennessee, as well.

Attorneys Ask for Additional $86M from Wal-Mart in Truck Drivers Case

by Arkansas Business Staff 1/16/2017 12:00 am

Plaintiffs’ attorneys for Wal-Mart truck drivers who were awarded more than $54 million in damages in an overtime case are now asking a judge to add another $86.1 million to the award.

Executive Ranks Shuffle at Flipkart, Eyed by Wal-Mart

by Reuters 1/13/2017 10:52 am

Kalyan Krishnamurthy is named CEO of India's Flipkart, in which Wal-Mart is looking to invest between $750 million and $1 billion.

Judge Orders Wal-Mart to Pay $16M in Gender Bias Lawsuit

by Jonathan Stempel, Reuters 1/10/2017 3:25 pm

Wal-Mart Stores Inc. has been ordered by a federal judge to pay $16.08 million to a former New Hampshire pharmacist in a gender bias case, but the amount is only about half what a jury awarded and may fall substantially further.

Report: Wal-Mart to Cut Hundreds of Jobs This Month

by Sruthi Ramakrishnan, Reuters 1/10/2017 3:15 pm

Wal-Mart Stores Inc. of Bentonville plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation.

Former Wal-Mart Executive Hired as Family Dollar President

by Arkansas Business Staff 1/6/2017 10:34 am

Dollar Tree Inc. has hired Duncan Mac Naughton as president and chief operating officer of its Family Dollar company, which it acquired in 2015.

Wal-Mart Names John Furner as Next CEO of Sam's Club

by Associated Press 1/6/2017 9:29 am

Wal-Mart says it named John Furner as CEO of its Sam's Club stores to replace Rosalind Brewer, who is retiring next month.

Wal-Mart's Jet.com Acquires ShoeBuy for $70M

by Associated Press 1/5/2017 2:39 pm

The online retailer Jet.com, now owned by Wal-Mart, says it's acquired the footwear-shopping website ShoeBuy for about $70 million. The deal, announced Thursday, closed Dec. 30.

Run-DMC Founder Sues Wal-Mart, Amazon

by Jonathan Stempel, Reuters 12/30/2016 8:28 am

A founder of Run-DMC on Thursday filed a lawsuit accusing Amazon.com Inc. and Wal-Mart Stores Inc. of selling a wide variety of clothing and accessories bearing the pioneering rap group's name without permission.

Strong Stocks Lift Fortunes on Arkansas Wealthiest Stockholders List

by Gwen Moritz 12/12/2016 12:00 am

The top stockholders, as always, are the heirs of Wal-Mart Stores Inc. founder Sam Walton. Their disclosed stock in the Bentonville retailer was valued at $112.7 billion as of Dec. 2.

Arkansas Innovators Promote Tech's Everyday Problem-Solving

by Marty Cook 12/12/2016 12:00 am

As technology became accessible, people with a multitude of different agendas have embraced it. Some use it to design incredibly complex logistical plans for transportation; some use it to analyze big data for financial institutions; some use it to figure out a way to connect hungry people to food.

Wal-Mart de Mexico to Invest $1.3B in Mexico

by Joanna Zuckerman Bernstein and Nandita Bose, Reuters 12/8/2016 7:55 am

Retailer Wal-Mart de Mexico says it will invest $1.3 billion in logistics in Latin America's No. 2 economy, creating some 10,000 permanent new jobs. A large part of Wal-Mart's investment will be over the next three years, including in back-end infrastructure.

Chamber of Commerce Foundation Recognizes Wal-Mart

by Arkansas Business Staff 12/5/2016 12:00 am

Wal-Mart Stores Inc. of Bentonville was recognized for having the “Best Economic Empowerment Program.”

Wal-Mart Faces More Damages In Wage Case

by Mark Friedman 12/5/2016 12:00 am

A California jury has ruled against Wal-Mart in a class-action case challenging truck driver pay policies.

Wal-Mart Loses Pay Fight with California Truck Drivers

by Associated Press 11/23/2016 3:13 pm

Wal-Mart intentionally failed to pay hundreds of truck drivers in California the minimum wage, a federal jury decided Wednesday, awarding the drivers $54 million in damages and opening up the retail giant to penalties.

Wal-Mart Kicks Off Cyber Monday on Friday

by Anne D'Innocenzio, The Associated Press 11/21/2016 6:59 am

Wal-Mart Stores Inc. says it's kicking off its so-called "Cyber Monday" deals at 12:01 a.m. EST Friday for the first time ever as it aims to grab customers ahead of its competitors.

Wal-Mart's Profit Falls But Beats Estimates; Revenue Misses

by Anne D'Innocenzio, The Associated Press 11/17/2016 7:24 am

Wal-Mart Stores Inc. reports third-quarter profit fell 8.2 percent, dragged down by investments in e-commerce and its stores. Earnings beat Wall Street estimates but revenue fell short of expectations. E-commerce sales accelerated to 20.6 percent, from 11.8 percent in the prior quarter.

Peco Foods Delivers $35M Boost for Corning’s Bruised Economy

by George Waldon 11/14/2016 12:00 am

The opening of the Peco feed mill in Corning earlier this year broke a long dry spell of big industrial development news for Corning and provided a glimmering counterpoint to the closing of the 44-year-old L.A. Darling plant.