Walmart

Bentonville, Ark. – Wal-Mart Stores Inc. will no longer sell merchandise featuring the Confederate flag in its stores or online. The retailer is removing the flag, long a source of controversy due to its connections to slavery and use as a symbol by white supremacists, in the wake of a racially-motivated mass shooting at a historically black Charleston, South Carolina church.

Menlo Park, Calif. – Facebook may not have anywhere near the retail sales volume of Wal-Mart, but in at least one important financial metric the social media network has overtaken Wal-Mart. According to the Associated Press, Facebook has knocked Wal-Mart out of the Standard & Poor’s list of the top 10 most valuable stocks.

All good things must come to end — including, after nearly four years, my contributions to this column. “Retail Rap” will soon be forging on without me. This is the first of two final columns I’ll be contributing, and I’ll beg your indulgence if I wax nostalgic at times in this, column number 99, and in my last submission two weeks from now, Retail Rap number 100.

Shopper marketing firm Saatchi & Saatchi X has promoted one of its senior executives to be its next president.

Hong Kong – A subsidiary of global export company Li & Fung is partnering with two Chinese department store retailers to open as many as 300 stores in the Shanghai free trade zone. Li & Fung Trading (China) Holdings Ltd. is forming a joint venture with Shanghai Bailian Group Co. Ltd. and Beijing Wangfujing Department Store (Group) Co. Ltd. Li & Fung holds a 20% stake and each department store chain owns a 40% stake.

Rebel flags are now a hot commodity after numerous retailers yanked Confederate-related merchandise from their stores and websites.

Wal-Mart, Sears and eBay announced their decisions Monday, and South Carolina Gov. Nikki Haley called on legislators to remove the flag from the statehouse grounds. After doing so, sales of Confederate flags spiked on Amazon to claim first, second, and third place on the site's list of biggest sales gainers in the previous 24 hours. Prices ranged from under $2 to nearly $16 per flag.

In a little over three years as a public company, Facebook may now be worth more than Walmart.

The question is, will the social network's surge last?

According to Quartz, over the last year, Facebook’s stock has jumped roughly 30% as the broader S&P 500 has barely managed to keep its head above water. The climb has added more than $65 billion to Facebook’s market value, bringing it to more than $236 billion, just above Walmart’s $235 billion.

New York -- Greeters are back on the job welcoming entering shoppers at select Walmart stores, the Wall Street Journal reported.

The chain moved most of its greeters away from the entrance and to other areas of the stores several years ago. But it has returned the associates to the entrances in several hundred stores in a move that is partially designed to stop theft, the report said.