Tagged: wal-mart stores inc.

'Better Late Than Never' (Gwen Moritz Editor's Note)

by Gwen Moritz 1/25/2016 12:00 am

Reactions were swift to Wal-Mart’s recent announcement that it will promptly close 269 stores, including all 102 experimental Walmart Express locations.

Labor Judge: Wal-Mart Strikes Protected Under Law

by Associated Press 1/22/2016 10:04 am

A National Labor Relations Board judge has ruled that Wal-Mart Stores Inc. unlawfully disciplined workers who staged protests in May and June of 2013 and ordered the retailer to reinstate 16 former employees, as well as give them back pay.

Wal-Mart to Give Pay Raises to Most of Its Workers

by Anne D'Innocenzio, The Associated Press 1/20/2016 1:23 pm

Most of Wal-Mart's U.S. employees will get raises as part of the world's largest retailer's previously announced commitment to invest in its workforce.

Here Are the Arkansas Stores Wal-Mart Is Closing

by Lance Turner 1/15/2016 11:19 am

Wal-Mart Stores Inc. of Bentonville announced Friday that it is closing 269 stores, including 154 in the United States. Here's the list of Arkansas stores that will close on Jan. 28.

Wal-Mart to Close 269 Stores, 154 of Them in the US

by Anne D'Innocenzio, The Associated Press 1/15/2016 8:42 am

Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores account for a fraction of the company's 11,000 stores worldwide and less than 1 percent of its global revenue. Includes a list of stores to be closed.

Wal-Mart's Asda: More Price Cuts as Grocery Wars Heat Up

by Anne D'Innocenzio, The Associated Press 1/12/2016 4:40 pm

Wal-Mart's United Kingdom operation Asda, is investing another 500 million pounds ($721.9 million) in price cuts as the grocery discount wars escalate.

Walton Family Members Give Away $407M in Shares

by Lance Turner 1/5/2016 3:33 pm

Sam Walton's three surviving children have given about $407 million worth of stock in Wal-Mart Stores Inc. to a nonprofit organization founded by their family.

Wal-Mart to Spend $64M on Raises, Other Workforce Investments in Arkansas

by Lance Turner 12/17/2015 11:02 am

Wal-Mart Stores Inc. of Bentonville said its $2.7 billion plan to invest in its domestic workforce includes about $64 million in Arkansas, including raises for 39,000 of its employees here.

List of Top Stockholders in Arkansas Sees Retailers' Stock Fortunes Plummet

by Gwen Moritz 12/14/2015 12:00 am

The Waltons are in no danger of losing the top spot on Arkansas Business’ annual list of the state’s top stockholders, with $99 billion in just those stock holdings that they are required to disclose publicly under U.S. Securities & Exchange Commission regulations.

Wal-Mart's Chief Marketing Officer to Retire

by Anne D'Innocenzio, The Associated Press 12/11/2015 7:32 am

The world's largest retailer confirmed Thursday that its chief marketing officer Stephen Quinn is retiring, and it's tapping into the talent of former Target executive Michael Francis as a consultant.

Wal-Mart to Launch Own Mobile Pay System

by Anne D'Innocenzio, The Associated Press 12/10/2015 6:46 am

Wal-Mart Stores Inc., the world's largest retailer, said it's testing its own mobile payment system that will allow shoppers to pay with any major credit or debit card or its own store gift card through its app at the cash register.

Tom Mars Joins Friday Eldredge & Clark

by Arkansas Business Staff 12/8/2015 2:28 pm

Friday Eldredge & Clark of Little Rock announced Tuesday that Tom Mars will join the firm as senior counsel on Jan. 1.

Wal-Mart’s Greg Foran No. 1 In Exec Pay At $19.5M

by Gwen Moritz 12/7/2015 12:00 am

Foran received stock awards in April 2014 for his performance as CEO of Walmart Asia and then more stock as part of a three-year performance incentive program when he was named in August 2014 to succeed Bill Simon as CEO of Walmart stores in the United States.

Wal-Mart Launches Campaign, Gift to Fund Veterans Charity

by Associated Press 12/1/2015 7:12 am

Arkansas-based Wal-Mart Stores Inc. plans to give up to $1.5 million to a charity that provides housing for families of veterans who are in military or veteran hospitals.

Wal-Mart Pulls Cyber Monday Forward to Sunday, Record Industry Sales Expected

by Nathan Layne, Reuters 11/23/2015 7:38 am

Wal-Mart Stores Inc. of Bentonville has decided that Cyber Monday, the biggest online shopping day of the year, should not start on a Monday anymore.

Analysis: Wal-Mart Scrimps on Hiring As Store Space Grew Rapidly

by Nathan Layne, Reuters 11/23/2015 7:34 am

Wal-Mart has been dogged by criticism of the standard of its stores in recent years, including long checkout lines and insufficient stocking of its shelves. A Reuters analysis of the giant discount retailer’s growth and its employee numbers may help explain why

U.S. Supreme Court Hears Tyson’s Overtime Case

by Mark Friedman 11/23/2015 12:00 am

The U.S. Supreme Court heard arguments earlier this month in a case brought by Tyson Foods Inc. that challenges a nearly $6 million class-action award involving overtime pay at its Iowa pork processing plant.

Wal-Mart's Cindi Marsiglio Sees Progress in Made In USA Initiative

by Arkansas Business Staff 11/23/2015 12:00 am

As Wal-Mart Stores Inc. Vice President of U.S. Manufacturing, Cindi Marsiglio oversees the company's 2013 initiative to spend an additional $250 billion on U.S.-made goods during the next 10 years.

Stocks Move Higher Following Encouraging Retail Results

by Associated Press 11/17/2015 11:26 am

Major U.S. stock indexes veered higher in midday trading Tuesday, getting a lift from encouraging quarterly results from Wal-Mart Stores, Home Depot and other big retailers.

Wal-Mart Beats 3Q Profit Forecasts

by Associated Press 11/17/2015 6:45 am

Wal-Mart Stores Inc. of Bentonville reported improved customer traffic and an uptick in a key sales figure during the third quarter, even as a stronger dollar pressured its performance overseas.