Walmart

Office Depot will urge its stockholders to support a merger with Staples by asking them to vote in favor of the $6.3 billion acquisition by Staples at an annual meeting, according to a regulatory filing.

Ace Hardware is America’s favorite home improvement store and Costco is the favorite for home furnishings, according to a new survey by Market Force Information.

New York -- The National Association of Chain Drug Stores announced during its Annual Meeting, the election of new officers, four new executive committee members and five new board of directors member for the coming year.
 
Randy Edeker, chairman, president and chief executive officer of Hy-Vee will serve as the new NACDS chairman of the board of directors. Edeker succeeds John Standley, chairman and chief executive officer of Rite Aid.
 

Two big grocery chain executives will be overseeing the board of the National Association of Chain Drug Stores.

New York -- The deadliest disaster in the history of the garment industry, as reported by The New York Times, has led to finger-pointing and lawsuits aimed at a group of retailers.

Walmart increased hourly pay for employees earlier this year but top executives didn’t earn as much as they could have after the company came up short on key metrics.

Bentonville, Ark. -- As the world’s largest retailer has been challenged to grow sales, the Wal-Mart Stores Inc. revealed in its proxy statement filed with security regulators that executive cash bonuses are now being tied to sales performance – in addition to operating income – in the fiscal year.

Walmart detailed a wide range of considerable accomplishments in its eighth annual Global Responsibility Report released this week, but what the world really want to know is what’s up with those toilets at Pico Rivera, Calif., supercenter.

In case you missed it, Walmart abruptly closed the store and four others due to what the company characterized as emergency plumbing issues. Plans called for the stores to close for six months while repairs were made and employees were given two months severance pay and told them would need to reapply for jobs when the stores reopened.