Labor & Employment

New Delhi, India -- India’s government said Thursday 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.

The approved plan calls for overseas companies to put half of their investment in infrastructure such as processing, manufacturing, storage, warehouses and packaging.

All Walmart and Sam’s Club merchants can expect to have a portion of their compensation tied to the achievement of live better sustainability goals in 2013 as part of what president and CEO Mike Duke called an unwavering commitment to sustainability.

Hoffman Estates, Ill. -- Sears Holdings disclosed in a regulatory filing that "because we believe that the company has substantial liquidity and financial flexibility," the company has elected to contribute an additional $203 million to its domestic pension plan on Sept. 14, after which the plan will be 80% funded under applicable law.

Deerfield, Ill. -- Walgreens announced plans to close more than half of the stores it is acquiring in its deal with USA Drug.

The company — which said in July it would purchase the mid-South drug store chain for approximately $438 million — confirmed it would close approximately 76 stores across the region. USA Drug operates 144 stores under the USA Drug, Super D Drug, May's Drug, Med-X and Drug Warehouse banners.

The Home Depot will close its remaining seven big box stores in China, the company announced late yesterday, in order to shift its focus to specialty stores and online offerings in that market.

Well paid teachers who receive generous benefits are on strike in Chicago and reminding Walmart why organized labor is a bigger threat to its business than any competitor.

Arlington, Va. -- The Retail Industry Leaders Association (RILA) said Friday it is applauding the impending implementation of sales tax fairness in California, which stands to even the playing field between bricks-and-mortar retailers and online competitors.

New York -- Best Buy is moving about 2,000 loss-prevention employees in its U.S. locations to focus on selling, Bloomberg reported.  

Employees who greeted shoppers entering Best Buy  stores and checked receipts when they left will join the ranks of the company’s sales force, according to the report.