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Wal-Mart former chief retiring from board
Bentonville, Ark. -- Wal-Mart Stores, Inc. announced Wednesday that its former president and CEO Lee Scott will not seek re-election to the company’s board of directors.
As well, current board member Chris Williams will not stand for re-election to the board of directors at Walmart’s Annual Shareholders’ meeting on June 6.
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Report: Easter traffic, sales down in 2014
New York - The eight-day run up to Easter 2014 fell shy of the previous year’s comparable period by 9.3% in traffic and 8.9% in sales. According to data from retail analytics provider RetailNext, there was a 1.2- percentage-point improvement in conversion, which helped generate a sales decline that was less than the traffic decline.