Tagged: wal-mart stores inc.

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.

Wal-Mart Embraces Change at Meeting, Hitching Up With Uber

by Marty Cook 6/3/2016 3:23 pm

During the retailer's annual meeting, Wal-Mart Chairman Greg Penner cast the company as changing with the economic and shopping landscape, just as it has done throughout its long history.

As Shareholders Meet, A Look At Wal-Mart's Multi-Front Fight

by Anne D'Innocenzio, The Associated Press 6/3/2016 12:09 pm

Wal-Mart executives pushed the message to shareholders and employees Friday that it's making big changes in a fast-shifting retail landscape that will position the company for more success.

Video: Watch Wal-Mart's 2016 Shareholders' Meeting Right Here

by Arkansas Business Staff 6/3/2016 7:46 am

Wal-Mart shareholders are meeting right now at Bud Walton Arena in Fayetteville. You can watch a live stream of events right here.

Wal-Mart Testing Uber, Lyft for Online Grocery Delivery

by Anne D'Innocenzio, The Associated Press 6/3/2016 7:30 am

Wal-Mart Stores Inc. says it will be testing its grocery delivery service with ride-hailing companies Uber and Lyft in the next two weeks in Denver and Phoenix.

Wal-Mart Needs to Grow Overseas, and China's the Big Prize

by Anne D'Innocenzio, The Associated Press 5/31/2016 6:48 am

Wal-Mart can't count on much sales growth from its U.S. business, so the retailer is depending more on its operations overseas. China, the world's most-populous country, is the ultimate prize.

Walmart Supplier Strikes Back at AMG in Lawsuit

by Arkansas Business Staff 5/30/2016 12:00 am

Active Marketing Group Inc. of O’Fallon, Missouri, sued EB Brands Holdings Inc. of Elmsford, New York, and alleged EB owes it nearly $700,000 in commission payments based on work already performed under the contract.

Wal-Mart 1Q Results Beat Forecasts, Boost Share Price

by Associated Press 5/19/2016 6:41 am

Surprisingly strong sales at Wal-Mart and an optimistic outlook from the world's largest retailer lifted a pall that settled over the entire sector this week. Sales at U.S. stores open at least a year rose 1 percent, the seventh consecutive quarterly increase. The company's shares jumped 9 percent before the opening bell Thursday.

Walmart’s Jeff Fleming Elected Chairman of ATA’s 40U40 Council

by Marty Cook 5/18/2016 4:11 pm

Jeff Fleming was named chairman of the Arkansas Trucking Association’s 40 Under 40 Council at the organization’s annual conference Wednesday at the Little Rock Marrriott.

Wal-Mart-Backed MCX Postpones Rollout, Cuts 30 Jobs

by Nathan Layne, Reuters 5/17/2016 11:15 am

Merchant Customer Exchange (MCX), a developer of mobile payment technology whose strategy has been thrown into question by big retailers developing their own mobile wallets, is postponing the nationwide rollout of its service and cut 30 jobs.

New Walton College Dean Matt Waller Confronts E-Commerce Revolution

by Jan Cottingham 5/16/2016 12:00 am

Matt Waller is the new dean of the Walton College of Business at the University of Arkansas at Fayetteville, after having served as interim dean since June 1.