Retail

NEW YORK Switching to private-label brands could help consumers save one-third of their typical spend on products, a new study conducted by the Private Label Manufacturers of America found.

New York City -- Wal-Mart Stores will stop paying an additional $1 an hour for working Sundays, taking a bite out of its single biggest expense, Bloomberg reported. The change will take effect at Walmart stores, Sam’s Club outlets and warehouses.

The move, which takes effect next year, applies only to associates hired after Jan. 1, the report said. It wouldn’t affect the retailer’s current U.S. staff, which numbers approximately 1.4 million.

New York City -- Ikea US sent a holiday ‘thank you’ to each of its 12,400 associates with a free bike, the retailer said Tuesday.

The gifts were part of Ikea’s “strong commitment to good health and being environmentally conscious,” while rewarding employees for a good year, the company said.

Somerset, N.J. -- Philips Lighting Wednesday announced that Macy's has selected its custom-designed Philips EnduraLED solid-state LED lamp as part of the nationwide program to retrofit 117,000 halogen-based accent lighting in 86 of its U.S. stores.

Minneapolis -- Target on Wednesday outlined a series of comprehensive sustainability commitments. The retailer set several key milestones for resource use, waste elimination and carbon footprint reduction, which the company aims to achieve by 2016, including earning the Environmental Protection Agency’s Energy Star designation for at least 75% of its buildings.

Target’s other 2016 goals are: