News

Bentonville, Ark. -- Wal-Mart Stores reported in a filing on Monday that its CEO  Mike Duke received compensation valued at $18.7 million last year, less than a year earlier, as U.S. store sales dropped.

Duke received incentive pay, which is tied to Wal-Mart’s financial performance, of $3.85 million in the year ended Jan. 31, down from $4.8 million a year earlier.

His salary rose 2.4% to $1.23 million, based on U.S. Securities and Exchange Commission rules. A year earlier, Duke’s compensation totaled $19.2 million.

NEW YORK — Consumers that seek timely and detailed information about product recalls look to multiple resources, according to a new Deloitte survey.

HOUSTON -- Douglas Ewert will become CEO of Men’s Wearhouse effective at the company’s annual shareholders’ meeting on June 15, when founder and current chairman and CEO George Zimmer steps down.

PITTSBURGH -- KidsVoice, an organization which advocates for abused, neglected and at-risk children, announced that American Eagle Outfitters will be the presenting sponsor for its events during Child Abuse Prevention Month, which include Kitetails & Cocktails on April 28 and Kites for Kids on April 30. Both events will take place at the Pittsburgh Zoo & PPG Aquarium.

One creative child will win a $5,000 scholarship!

BATTLE CREEK, Mich. — A former PepsiCo executive has joined Kellogg's as its new SVP global supply chain.

Steven Sterling, who most recently served as group VP operations for Pepsi's Frito-Lay division, joined Kellogg's on Friday. He will serve as a member of the company's executive leadership team and report to Kellogg president and CEO John Bryant.

For all the talk of inflation this year, whether it is the price of cotton or the cost of food, Easter won’t cost any more this year than last year for shoppers who are selective in their purchases at Target.

Located just 10 miles northwest of downtown Atlanta in Smyrna, Ga., The Crossings at Four Corners is currently undergoing a complete revitalization. The 153,000-sq.-ft. redevelopment, which officially broke ground on Feb. 8, includes the installation of a new traffic signal at the north end of the property, the renovation of approximately 60,000 sq. ft. of retail space and the addition of several outparcels. The true core of the project, however, will be the brand new, 96,000-sq.-ft. Kroger Food store.

The iPad is an amazing product that offers a wonderful user experience, which is why everyone wants one. It also doesn’t hurt that retailers of all types have become quite aggressive in their promotional efforts on behalf of Apple, since the popular device makes a meaningful contribution to sales in addition to providing those retailers who feature the device with some of that Apple “it” factor.