Content about Wal-Mart Stores

May 16, 2013
Wal-Mart’s Q1 sales, profit disappoints; issues tepid Q2 outlook

Wal-Mart Stores on Thursday reported profit and sales that were just below Wall Street expectations as the giant retailer struggled with a number of issues that impacted its U.S. sales, from the payroll tax increase to an unseasonably cold spring to delayed tax returns.

May 7, 2013
Report: Wal-Mart has sights set on two internal candidates in CEO succession

Wal-Mart Stores has identified two internal candidates to succeed CEO Mike Duke, Bloomberg News reported.

April 23, 2013
Report: Wal-Mart CEO compensation rose 14% to $20.7 million in 2012
Wal-Mart Stores CEO Mike Duke received pay package in 2012 worth $20.7 million, up 14% from the previous year, according to an Associated Press analysis of a regulatory filing Monday. Duke's performance-based cash bonus jumped more than 50%.
March 26, 2013
American Express, Wal-Mart expand Bluebird program

American Express and Wal-Mart Stores announced Tuesday that they are expanding their reloadable prepaid card program, Bluebird, to include direct-deposit capabilities for government checks.

March 8, 2013
Wal-Mart corporate affairs head Leslie Dach to leave in June

Leslie Dach, EVP corporate affairs for Wal-Mart Stores, will step down in June. The retailer, which announced the news in a memo to employees, said it is actively searching for a replacement. The news was first reported by Politico.

March 7, 2013
Wal-Mart launches online site of goods make by small, women-owned businesses

Wal-Mart Stores launched a new section on its website dedicated to products from small, women-owned businesses around the world.

February 28, 2013
Kimco receives subpoena in Wal-Mart probe

Shopping center operator Kimco Realty Corp. has received a subpoena in an investigation over possible violations of the Foreign Corrupt Practices Act (FCPA) by Wal-Mart Stores, Reuters reported.

February 28, 2013
Wal-Mart’s U.S. chief administrative officer to step down

Wal-Mart Stores on Thursday confirmed a report from the Wall Street Journal that its U.S. chief administrative officer, Tom Mars, will step down in March.

February 26, 2013
Wal-Mart Stores sued by five women in Wisconsin for gender bias

Five women in Wisconsin have filed suit against Wal-Mart Stores, claiming the retailer denied them and other female employees equal pay and equal opportunities, the Journal Sentinel reported.

February 20, 2013
Former Wal-Mart chief named to CarCharging board

Electric vehicle charging company Car Charging Group said that former Wal-Mart Stores president and CEO Bill Fields has been appointed to its board of directors.

February 20, 2013
Tennessee sex-discrimination claim against Wal-Mart dismissed

A federal judge in Nashville said that Wal-Mart Stores’ female employees in Tennessee and four other southern states cannot pursue sex-discrimination claims against Wal-Mart through a class action lawsuit.

January 31, 2013
Union agrees to end picketing at Wal-Mart stores

Labor groups that have long spoken out against Wal-Mart Stores will stop much of their picketing against the world's largest retailer, though they still plan to continue to push the company to improve working conditions.

January 22, 2013
Wal-Mart issues ‘zero tolerance’ policy for global suppliers

Wal-Mart Stores is tightening the reins on its global suppliers.

January 15, 2013
Walmart pledges to hire 100,000-plus veterans over five years

Walmart announced an ambitious plan to hire more than 100,000 veterans over the next five years.

January 10, 2013
Report: Congressmen say Wal-Mart CEO was aware of Mexico bribery

According to multiple reports on Thursday, congressmen Henry Waxman (D-Rep., Calif.) and Elijah Cummings (D-Rep. Md.) have said that Wal-Mart Stores CEO Mike Duke and other senior-level officials at the retailer were informed about allegations of bribery in the retailer’s operations in Mexico in 2005.

December 18, 2012
New York Times: Wal-Mart used payoffs in Mexico

Wal-Mart Stores’ ongoing investigation into bribery allegations was thrust into the spotlight again on Monday after the New York Times ran a lengthy piece detailing how an elaborate series of payments accelerated construction of a controversial store in Mexico City.

December 14, 2012
Report: Wal-Mart and Kroger interested in Hostess Brands

Wal-Mart Stores and Kroger are said to be among the bidders for assets being sold by Hostess Brands Inc., according to Bloomberg.

November 16, 2012
Wal-Mart foreign bribery investigation expands

Wal-Mart Stores reported in a regulatory filing that its investigation into violations of the Foreign Corrupt Practices Act, a federal antibribery law, has extended beyond Mexico to China, India and Brazil.

October 25, 2012
Wal-Mart outlines new supply chain sustainability initiatives; pushes suppliers to become more green

Wal-Mart Stores announced a series of initiatives to make the company's supply chain in the United States, China and around the world more sustainable.

October 24, 2012
Wal-Mart centralizes compliance and legal issues

Wal-Mart Stores said on Wednesday that various staff groups involved in compliance and legal issues will soon all report to its general counsel, Reuters reported.

October 10, 2012
Wal-Mart targeting $9 billion in e-commerce sales

As part of its annual address to investors, Wal-Mart Stores said it expects global e-commerce sales to reach $9 billion next fiscal year.

October 9, 2012
Wal-Mart testing same-day delivery for holidays

Wal-Mart Stores said it is testing same-day delivery service in four markets over the holiday shopping season.

October 2, 2012
Walmart launches prepaid card reload program

Wal-Mart Stores said that it is launching a new service called Rapid Reload, which allows customers to load money onto prepaid cards.

September 14, 2012
India paves way for foreign retailers

India’s government said that it has OK’d plans to permit foreign retailers to open stores that sell more than one brand, paving the way for retailers such as Wal-Mart Stores and Carrefour SA to expand their presence in the country.

September 11, 2012
Walmart to open three to five more India stores by year-end

A report by Reuters said that the Indian joint venture of Wal-Mart Stores and Bharti Enterprises has announced plans to open three to five cash-and-carry/wholesale stores in India by the end of the year.

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