-
Walmart funds U.S. innovation at Denver summit
Walmart held its second U.S. Manufacturing Summit in Denver on Thursday and used the occasion to dole out the first of $10 million in grants designed to stimulate innovation and the creation of U.S. jobs.
The initial grants presented this week were given to organizations focused on reducing the cost of textiles manufacturing, including home textiles and apparel, in the U.S. by addressing obstacles throughout production and improving common manufacturing processes with broad application to many types of consumer products.
-
Strong broad-based topline growth drives double-digit EPS increase at Estée Lauder
The Estée Lauder Companies achieved record net sales and reported overall strong financial results for the fourth quarter and fiscal year ended June 30.
For the year, the company achieved record net sales of $10.97 billion, an 8% increase compared with $10.18 billion in the prior year. Even excluding the impact of foreign currency translation, net sales still increased 8%.