News

Alice Walton, the daughter of Walmart founder Sam Walton and his wife Helen, is slated to deliver the commencement address at the University of Arkansas on Saturday, May 12.

MATTHEWS, N.C. — Family Dollar Stores has entered into a strategic partnership with McLane, a provider of grocery and food service supply chain solutions, to enable the retailer to offer customers a broader selection of merchandise, including refrigerated and frozen food, across the retailer’s more than 7,200 locations in 45 states.

The California State Teachers’ Retirement System (CalSTRS) this week filed a lawsuit against current and former Walmart executives stemming from the April 22 New York Times article, which chronicled the company’s alleged use of bribes to accelerate expansion in Mexico and efforts by top executives to quash an investigation when the situation was called to their attention.

SOUTH DEERFIELD, Mass. — The Yankee Candle Company has announced that Gregory Hunt is resigning as EVP finance and CFO, effective as of May 15, 2012.  Hunt, who joined Yankee Candle in 2010, is leaving to join a leading New York based financial services firm.

April same-store sales at Target increased 1.1% and helped the company achieve a 5.3% first-quarter comps increase that was the highest in six years. How much of the performance was due to record warm weather versus good execution of a solid strategy against the back drop of an improved economy is debatable.

Credit card trends at Target hit a new high, or low, depending on one’s perspective. Either way, it’s a good thing.

JCPenney on Thursday named Ken Hannah as its new CFO in the latest of a series of senior level personnel moves designed to aid in the company’s transformation.

The seventh annual Best Companies for Leadership Study conducted by the global consulting firm the Hay Group ranked Walmart eighth.

Walmart’s eighth  place ranking on the top 20 list is one notch better than the prior year, but slightly below the company’s 6th place ranking in 2009 when it made the list for the first time.