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Wal-Mart sex discrimination case hits possible court block by Supreme Court
Washington, D.C. -- The nation’s court is set to hear arguments on Tuesday in a decade-old legal fight that could cost Wal-Mart Stores billions of dollars if the 500,000 women claiming sex bias are allowed to band together in a class action.
Wal-Mart is asking the U.S. Supreme Court to end the massive sex discrimination lawsuit in which the women are claiming that the retailer favors men over women in pay and promotions.
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A.C. Moore reports 4Q loss on 4.3% comps decline
BERLIN, N.J. -- A.C. Moore Arts & Crafts reported that sales for the fourth quarter of fiscal 2010 were $143.2 million, a decrease of 4.4% compared with sales of $149.7 million during the fourth quarter of last year. This decline was primarily attributable to a decrease in comparable-store sales of 4.3% during the quarter. Net loss was $4.8 million, or 20 cents per share, compared to a net loss of $0.5 million, or 2 cents per share, in the fourth quarter of fiscal 2009.