Some employees accused Wal-Mart Stores Inc on Friday of closing a location in the Los Angeles area for six months in retaliation for workers demanding for better wages and benefits. The largest U.S. retailer denied the accusation, saying it was temporarily closing five stores in four states to...
By Nathan Layne (Reuters) - Wal-Mart Stores Inc said on Friday it would eliminate the position of zone manager in its U.S. stores while adding up to 8,000 new department heads as part of an overhaul of its store operations. There are...Show More Summary
(Reuters) - Wal-Mart Stores Inc, the world's largest retailer, is cutting the role of zone manager from its stores as part of efforts to simplify its operations, Bloomberg reported, citing people familiar with the matter. The dutiesShow More Summary
(Reuters) - Carlyle Group LP has enlisted Mike Duke, former chief executive of Wal-Mart Stores Inc, to the executive team that the asset management firm taps for advise on deals, the Wall Street Journal reported. Duke, 65, will workShow More Summary
(Reuters) - Wal-Mart Stores Inc said the Walton family was putting 6 percent of the retailer's outstanding shares in a newly formed trust for possible sale to offset expected increases in its stake due to stock buybacks and to help fund charitable contributions. Show More Summary
(Reuters) - Wal-Mart Stores Inc is looking at how it sources its products, especially considering falling commodity prices globally, in an effort to reduce its prices, the head of the retailer's U.S. division said on Wednesday. Speaking...Show More Summary
Arkansas lawmakers passed a Religious Freedom Restoration Act on Tuesday that critics said would allow businesses to deny service to gays and lesbians, drawing a swift demand from Wal-Mart Stores Inc for the governor to veto the bill. Arkansas followed Indiana, which passed a similar act last week....
Arkansas lawmakers passed a Religious Freedom Restoration Act on Tuesday that critics said would allow businesses to deny service to gays and lesbians, drawing a swift demand from Wal-Mart Stores Inc for the governor to veto the bill. Show More Summary
March 31 (Reuters) - The chief executive officer of Wal-Mart Stores Inc on Tuesday asked the governor of Arkansas to veto a religious freedom measure, saying the bill approved by lawmakers earlier in the day undermines "the spirit of...Show More Summary
(Reuters) - Wal-Mart Stores Inc said it would omit a shareholder proposal that sought to link executive pay to a measure of staff motivation from a vote at its annual meeting in June after the U.S. securities regulator ruled in the retailer's favor. Show More Summary
(Reuters) - Wal-Mart Stores Inc failed to block a vote on a shareholder resolution calling for an independent board chairman, allowing it to return to the ballot for the third straight year at its annual shareholder meeting in June.Show More Summary
Target Corp. plans to raise pay for workers to at least $9 an hour, following similar wage increases by retail rivals Wal-Mart Stores Inc. and T.J. Maxx parent company TJX Cos., according to a report.
(Reuters) - Target Corp. will raise the minimum wage for all of its workers to $9 an hour, matching moves made by rivals such as Wal-Mart Stores Inc and TJX Cos, Dow Jones reported on Wednesday. Target will implement the new wage levels next month, Dow reported. (Reporting By Dan Burns; Editing by Chris Reese) Join the conversation about this story »
The recent remix of top executives at Wal-Mart Stores Inc. continues with the retirement of the executive vice president of the retailer’s U.S. grocery division.
Are wage increase announcements bad news for share prices? That's the easy conclusion to draw after seeing the recent pullback in shares of Wal-Mart Stores, Inc. (NYSE: WMT) following an
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(Reuters) - A women's group has started a campaign calling on Target Corp to raise its hourly wages, as pressure builds on retailers to follow Wal-Mart Stores Inc in boosting worker pay. UltraViolet, a group which advocates for women's...Show More Summary
Wal-Mart Stores Inc. plans to raise the minimum wage the company pays its employees to $9 per hour by April 2015, and the wage goes to $10 per hour a year later. The move signals changes in retail salaries and the labor market as retailers move forward from the recession of 2007. Show More Summary
Only a week after Wal-Mart Stores Inc. announced plans to raise their starting wages to $9 per hour this year and $10 per hour next year, the retail conglomerate that includes T.J. Maxx, Marshalls, and HomeGoods announced similar plans. This is excellent news. Show More Summary
By Nathan Layne (Reuters) - A prominent investor in Wal-Mart Stores Inc is pushing ahead with a campaign to link a portion of executive compensation to staff motivation, a sign that the retailer's wage hike last week won't end outside pressure over employee pay and benefits. Show More Summary