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Cheers and jeers for Walmart at 50
Walmart observed its 50th anniversary in fine fashion this week as its share price hit an all-time high, even as the company faced familiar charges from vocal critics.
Walmart shares closed Tuesday at an all time high of $70.75, nearly 18% above the $59.97 level where they began the year and more than 46% above the 52-week low price of $48.31 seen late last summer. The move is nothing short of remarkable considering an investment in Walmart was dead money for the past dozen years as shares traded for a little more than $69 back in December 1999.
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Office Depot exec joins Underwriters Laboratories
Dennis Cohen was named VP and general manager of the responsible sourcing unit of global product safety company Underwriters Laboratories.
Cohen spent the past 14 years at Office Depot, most recently serving as senior director of private brand operations and global sourcing. In that capacity, Cohen directed five departments and was responsible for the strategy development and operational execution of Office Depot’s $3.5 billion private brand business. He also served as director of supply chain transportation and logistics at Office Depot.