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Major moves at Big Lots
COLUMBUS, Ohio -- After opening 80 stores last year and with plans for another 90 units this year, Big Lot’s made several merchandising moves to facilitate its planned growth.
The nation’s leading closeout retailer announced it has hired former Sears merchandising executive Doug Wurl to serve as its EVP merchandising. He assumes responsibilities previously held by John Martin who was named EVP administration with responsibility for store operations and human resources.
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Wal-Mart chief Duke's compensation fell 2.7% to $18.7 million last year
Bentonville, Ark. -- Wal-Mart Stores reported in a filing on Monday that its CEO Mike Duke received compensation valued at $18.7 million last year, less than a year earlier, as U.S. store sales dropped.
Duke received incentive pay, which is tied to Wal-Mart’s financial performance, of $3.85 million in the year ended Jan. 31, down from $4.8 million a year earlier.
His salary rose 2.4% to $1.23 million, based on U.S. Securities and Exchange Commission rules. A year earlier, Duke’s compensation totaled $19.2 million.
