Tagged: wal-mart stores inc.

Wal-Mart Raises Annual Profit; Tops Street 2Q Forecasts

by Anne D'Innocenzio, The Associated Press 8/18/2016 6:51 am

Wal-Mart raised its earnings outlook for the year and delivered strong profit and sales in the second quarter after the world's largest retailer revamped its stores, improved the shopping experience, and won back customers. "Our strategy in the U.S. is working," said CEO Doug McMillon.

Arkansas Employers Help With Retirement Advice, Tools

by Marty Cook 8/15/2016 12:00 am

David George doesn’t apologize for using scare tactics when he gives seminars at part of the Investor Education Program for the Arkansas Securities Department.

Wal-Mart, Hostess Collaboration Delivers 'Deep Fried Twinkies'

by Anne D'Innocenzio, The Associated Press 8/12/2016 7:35 am

The deep-fried Twinkie is jumping from the state fair to the home freezer thanks to a yearlong collaboration between Hostess and Wal-Mart, as both companies look to spark food sales with innovative products.

Aiming to Jolt Online Business, Wal-Mart Buys Retailer Jet.com for $3B

by Anne D'Innocenzio, The Associated Press 8/8/2016 7:50 am

Wal-Mart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon. The deal marks a major move for Wal-Mart, which is realizing that it needs to compete more aggressively in the online world.

Michelle Gloeckler Leaves Wal-Mart to Join to Academy Sports

by Arkansas Business Staff 8/4/2016 12:13 pm

Michelle Gloeckler is leaving Wal-Mart Stores Inc. of Bentonville at the end of August to become chief merchandising officer of Academy Sports + Outdoors of Katy, Texas.

Former Wal-Mart CFO Charles Holley Takes Appointment at Deloitte (Movers & Shakers)

by Arkansas Business Staff 8/1/2016 12:00 am

Charles Holley, retired chief financial officer of Wal-Mart Stores Inc., has been appointed as an independent senior adviser for the U.S. CFO Program at Deloitte LLP. Holley will serve as an independent adviser to staff, clients and senior leadership at the company.

Rockline Industries Expands in Springdale (NWA Real Deals)

by Marty Cook 7/25/2016 12:00 am

Rockline Industries of Sheboygan, Wisconsin, a wet-wipe manufacturer, paid $2.25 million for a 50,000-SF warehouse close to its manufacturing facilities in Springdale.

Appeals Court Rejects Lawsuit Against Wal-Mart Directors

by Associated Press 7/22/2016 4:23 pm

A federal appeals court has rejected a shareholder lawsuit filed against key directors at Wal-Mart Stores Inc. that claimed they allowed and concealed alleged bribery in the company's Mexico division.

Don Soderquist, Former Wal-Mart COO, Dies at 82

by Marty Cook 7/22/2016 11:30 am

Former Wal-Mart Stores Inc. executive Don Soderquist died Thursday from complications following heart surgery. He was 82. Soderquist was often credited for his strong influence on Wal-Mart's culture.

Dupps Family Gives $1M to Arkansas Children's Northwest

by Arkansas Business Staff 7/11/2016 12:59 pm

Kirk and Cynthia Dupps have donated $1 million to the construction of Arkansas Children’s Northwest, which opens in 2018, the Arkansas Children's Hospital announced Monday.

Wal-Mart in China Faces Employee Protests

by Associated Press 7/7/2016 6:53 am

Wal-Mart faces protests by employees in China over what they say is a drastic change in work schedules, as the company overhauls its struggling business amid an economic slowdown and competition from e-commerce.

Billions in Safety Costs Pay Off for Truckers

by Marty Cook 7/4/2016 12:00 am

The American Trucking Associations released a report on a 2015 study that showed that the trucking industry spends $9.5 billion a year on safety initiatives. The investments are proving to be worth it.

Visa Countersues Wal-Mart in Dispute Over Debit Cards

by Subrat Patnaik and Sudharshan Varadhan 6/30/2016 8:05 am

Visa Inc. filed a lawsuit against Wal-Mart Stores Inc., claiming the retailer secretly began testing a protocol that eliminated the need for signature verifications for transactions paid for with a Visa debit card.

Ahead of Amazon Prime Day, Wal-Mart Tries to Move In

by Anne D'Innocenzio, The Associated Press 6/29/2016 11:34 am

Wal-Mart is trying to get a jump on Amazon's second annual sales bonanza. The world's largest retailer is offering a free 30-day trial on its two-day unlimited shipping service, and an extra month free for paying members. Beginning Friday, it will also offer discounts on an array of products that will ramp up as July goes by.

At Latest Summit, Wal-Mart Seeks More American-Made Goods

by Marty Cook 6/28/2016 10:50 am

Wal-Mart Stores Inc. promised "everything is a yes" at the opening session of the company's "Open Call" with suppliers of U.S.-made products Tuesday. The U.S. Manufacturing Summit, held at the company's home office in Bentonville, is part of the retailer's 2013 initiative to spend $250 billion on American-produced goods for its stores, Sam's Clubs and Walmart.com.

Wal-Mart to Eliminate 1,500 Back-Office Jobs at Western US Stores

by Anne D'Innocenzio, The Associated Press 6/16/2016 6:42 am

Wal-Mart Stores Inc. is cutting jobs in accounting and other back-office positions at about 500 locations in the Western region of the U.S.

Wal-Mart Puts China Boss Sean Clarke in Charge of Asda in UK

by Parikshit Mishra and Paul Sandle, Reuters 6/13/2016 7:39 am

Wal-Mart has turned to the chief of its Chinese business Sean Clarke to revive Asda, its British supermarket group.

Harps Buys 9 Walmart Express Stores, 6 in Arkansas

by Alexis Hosticka 6/8/2016 5:24 pm

Harps Food Stores Inc. of Springdale said Wednesday that it is acquiring six former Walmart Express stores in Arkansas. The private grocery store chain did not say how it will use the properties.

China's Commerce Ministry Removes Curbs on Wal-Mart's Yihaodian Deal

by Donny Kwok, Reuters 6/8/2016 10:39 am

China's Ministry of Commerce has removed restrictions on Wal-Mart Stores Inc.'s deal in 2012 to raise its stake in online supermarket Yihaodian, and said the move would not affect the already competitive market.

With James Corden on Stage, Wal-Mart Event Part Business, Part Roast

by Marty Cook 6/3/2016 3:35 pm

Friday's Wal-Mart shareholders meeting at times felt more like a roast thanks to "The Late Late Show" host James Corden.