Tagged: wal-mart stores inc.

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.

Entergy Makes Offer of Synergy to Solar Proponents

by Arkansas Business Staff 11/7/2016 12:00 am

As the Arkansas Public Service Commission wrangles over rules for putting home-generated electricity onto the grid, the biggest news for Pulaski County may be that it could find a path to net metering despite Entergy’s opposition to its legal arguments.

'Nuclear' Judgments Cited As Trucking Insurance Rises

by Marty Cook 11/7/2016 12:00 am

The American Transportation Research Institute reports that insurance premium costs rose from 7.1 cents per mile in 2014 to 9.2 cents in 2015.

Wal-Mart Sets Environmental Plan as People Seek Green Items

by Anne D'Innocenzio, The Associated Press 11/4/2016 7:42 am

The world's largest retailer says it will seek to reduce emissions in its own operations by 18 percent by 2025, and work toward adding no waste to landfills in key markets like Canada and the United States. It also plans to be powered by 50 percent clean and renewable energy sources.

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