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Labor & Employment

  • Wal-Mart to buy 51% of South Africa’s Massmart

    Bentonville, Ark. - Wal-Mart Stores announced Monday that it is buying a controlling stake in South Africa's Massmart in an approximately $2 billion deal. The investment gives the discounter a substantial presence in South Africa and paves the way for further expansion across the continent.  Wal-Mart International president and CEO Doug McMillon made clear his company is pursuing a regional strategy.

  • Obama meets with Wal-Mart’s Duke

    New York - President Obama met with Wal-Mart Stores CEO Mike Duke in the Oval Office Monday afternoon. Sources said Obama and Duke were to discuss ways to spur job growth and encourage companies to invest in the United States.

    Arriving at the White House, Duke declined to answer questions about the substance of the meeting.

    “We’re just going to have a nice visit,” he said, according to Bloomberg.

  • Report: Wal-Mart sees big opportunities in emerging markets

    New York - Wal-Mart Stores sees more opportunity in emerging markets than in Europe, the company’s International Chief Executive Officer, Doug McMcMillion, told Bloomberg.

    “China is top of the list, and Brazil is not far behind” to make deals, McMillon said in an interview on Bloomberg Television’s “InBusiness With Margaret Brennan.” The retailer is being “patient” about finding the right way to expand in Russia, McMillon said.

  • Exec promotions announced at Kohl's

  • Chico's names new board member

  • Kroger SVP retail operations to retire

  • Kroger senior VP to retire

    Cincinnati -- The Kroger Co. announced that senior VP Robert "Pete" Williams plans to retire in May after 37 years with the company.

    Williams, who began his Kroger career in 1977 as a management trainee, has served in his current role since 2007. Currently, he leads seven supermarket divisions. His replacement will be named.

  • Real Estate – in New York and Beyond

    Retailers and developers from around the country are preparing to attend the International Council of Shopping Centers’ New York deal-making convention in New York City on Dec. 6 and Dec. 7. Chain Store Age talked with Ivan L. Friedman, president and CEO of New York City-based retail real estate advisory firm RCS Real Estate Advisors, about what the industry has in store for the New York show and beyond.

    As retailers prepare to attend the New York deal-making show in early December, how would you describe the current state of retail?

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