Tagged: wal-mart stores inc.

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.

Wal-Mart Boosts Online Holiday Inventory for Black Friday

by Nandita Bose, Reuters 11/10/2016 7:32 am

Wal-Mart Stores Inc. of Bentonville will boost its online inventory for Black Friday by more than half this year and make deals available on its website early Thanksgiving morning.

Wal-Mart Sued Over Sale of Fake 'Egyptian Cotton' Linen

by Jonathan Stempel, Reuters 11/9/2016 10:33 am

Wal-Mart was sued on Tuesday on behalf of consumers who said the world's largest retailer sold products falsely labeled "100 % Egyptian Cotton" from an Indian textile company for many years after it first became suspicious of their origin.

Executive: Wal-Mart Aims to Add More Mobile Payment Options

by Nandita Bose, Reuters 11/8/2016 8:04 am

Wal-Mart Stores Inc. is in talks with several mobile wallet companies to offer more payment options in its Wal-Mart Pay app, an executive at the world's largest retailer said.