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  • Shareholders meet for Wal-Mart annual meeting

    New York -- Wal-Mart Stores is expected to face scrutiny from shareholders at its annual meeting on Friday in the wake of allegations of bribery  in Mexico.

    The allegations are being investigated by the U.S. Department of Justice, the U.S. Securities and Exchange Commission and government agencies in Mexico. Wal-Mart is also conducting an internal probe.
     

  • Keeping the faith at 50, Walmart looks forward

    BENTONVILLE, Ark. — Walmart held its annual shareholders’ meeting Friday morning against the backdrop of the company’s 50th anniversary and allegations of corruption in Mexico.

    The seemingly diametrically opposed situations presented senior executives with the opportunity to underscore how the company’s unique culture and such enduring values as integrity would power future growth.

  • GameStop expands digital content access to international customers

    GRAPEVINE, Texas — GameStop customers outside of the United States will soon have access to the PlayStation Network's downloadable content from Sony Computer Entertainment Europe. This digital option will be available at more than 1,600 store locations in Australia, New Zealand, France, Italy, Spain, Germany, Austria and Switzerland. Customers in those countries will have the ability to purchase DLC with any form of payment including trade credits, gift cards and cash.

  • Sears Holdings files for partial spin off of its interest in Sears Canada

    Hoffman Estates, Ill. -- Sears Holdings announced that Sears Canada has filed a Registration Statement on Form 20-F with the U.S. SEC in connection with the company’s previously announced plan to spin-off a portion of its interest in Sears Canada.

  • Charming Shoppes Q1 profit drops 31.7%

    Bensalem, Pa. -- Charming Shoppes reported Friday that net income for the first quarter plummeted 31.7% to $17.8 million, from $26 million in the year-ago period.

    Sales dropped 4.6% to $481.3 million, largely due to the shuttering of 157 stores. E-commerce was a strength in the quarter, up 18% over the prior-year period. Same-store sales were flat in the first quarter, including a 1% comparable-store sales increase for Lane Bryant, a 5% comparable-store sales increase for Catherines, and a 3% comparable-store sales decrease for Fashion Bug.

  • Toys'R'Us brings 'World of Madagascar' to stores

    WAYNE, N.J.

  • Penney CEO to address Piper Jaffray conference in NYC

    PLANO, Texas -- Ron Johnson, CEO of J.C. Penney, will answer questions from investors at the Piper Jaffray 32nd Annual Consumer Conference in New York City on June 5, 2012.
       
    The question and answer session will begin at 8:30 a.m. ET and will be available via live webcast on jcpenney's Investor Relations page at http://ir.jcpenney.com.  Replays of the webcast will be available for up to 90 days after the event.
     

  • Dick’s takes a run at new format

    PITTSBURGH — Dick’s Sporting Goods plans to open a new format focused on runners later this summer.

    The new concept called True Runner will be located on Walnut Street in an affluent area of Pittsburgh known as Shadyside, the company said. Dick’s offered no additional details on the opening date, store size or product assortment, but it is clear from the limited comments made by a company executive that the store will focus on running enthusiasts.

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