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Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts and facing competition for workers

Wal-Mart Stores Inc. is raising its lowest U.S. wage to $11 an hour and will provide workers with a one-time cash bonus, saying the new tax law allowed the company to “accelerate” investment plans. The nation’s largest retailer, with about 1.5 million U.S. employees and nearly $500 billion in global...

Wal-Mart raises its hourly starting wage to $11, hands out bonuses of up to $1,000

Wal-Mart Stores Inc. said Thursday that it plans to lift its minimum wage to $11 an hour for its U.S. workers and provide them with a one-time cash bonus of up to $1,000 due to expected gains from the new tax law. The nation’s largest retailer, with about 1.5 million U.S. employees and nearly $500...

Yet Another Company Announces One-Time $1,000 Bonuses

Walmart is the latest employer to hand out one-time bonuses to all its workers: Wal-Mart Stores Inc. said it would raise starting pay to $11 per hour for all its U.S. employees and hand out one-time bonuses as competition for low-wage workers intensifies and new tax legislation will add billions to the retailer’s profits….The company […]

U.S. lawsuit says Wal-Mart deceived buyers of organic eggs

CHICAGO (Reuters) - Wal-Mart Stores Inc misled U.S. shoppers by selling organic eggs laid by hens raised in enclosed structures under package labels that said the birds had access to the outdoors, a federal lawsuit alleged on Monday...

China’s Walmart partner just opened supermarkets that the Jetsons would shop at

JD.com, China’s Wal-Mart Stores Inc.’s partner, opened its first chain of high-tech “7Fresh” supermarkets in Beijing–its first foray into the brick and mortar retail world, reports Bloomberg. But its retail supermarkets go beyond anything...Show More Summary

Transgender woman sues Wal-Mart over alleged bias in North Carolina

2 weeks agoNews : The Raw Story

Wal-Mart Stores Inc was sued on Wednesday by a transgender woman who said she was wrongfully fired after complaining about harassment at the Sam’s Club warehouse store in North Carolina where she had worked for 11 years. Charlene Bost, 46, said co-workers at the Kannapolis store where she had...

Kees confirmed as US Attorney for western Arkansas

An executive at Wal-Mart Stores Inc. has been confirmed as the U.S. Attorney for western Arkansas. The U.S. Senate on Wednesday confirmed Duane Kees, who goes by the nickname "Dak." … Click to Continue »

Wal-Mart Stores Inc is now threatening Amazon.com, Inc.

It has been a challenging year for many U.S. retail companies, but Wal-Mart Stores Inc (NYSE: WMT) has risen to the occasion. On Tuesday, Citi analyst upgraded Walmart to "buy" and said investors should expect more of the same from the stock in 2018. Read more... Permalink | Email this | Linking Blogs | Comments

Alibaba, JD.com Can't Lose in China

last monthNews : The Newsroom

In 2017, Wal-Mart Stores Inc (NYSE: WMT) has proven that there's plenty of room for two e-commerce giants to thrive in the U.S. market. According to Stifel analyst Scott Devitt, there's no need for U.S. investors to pick between Alibaba Group Holding Ltd ( BABA) and JD.com Inc ( JD) in China. Show More Summary

Walmart drops the “stores” from its name in a bid for more online cred

In its ongoing pursuit of Amazon-level online dominance, Wal-Mart Stores, Inc. has made a bold decision. No, it’s not going to start paying its employees a higher wage or stop selling guns. It is getting rid of the word “Stores” in its legal name and ditching that pesky hyphen. Show More Summary

Another Hyphen Bites the Dust

The times, they are a changing: Wal-Mart Stores Inc. is taking the stores out of Wal-Mart. The retail behemoth with more than 11,700 locations around the world announced Wednesday that it will shorten its legal name to Walmart Inc. ….Sam Walton opened the first Walmart store in 1962 in Rogers, Ark., after opening several stores […]

Walmart is changing its name — and it reveals a key strategy for the company's future

Walmart is changing its official name from Wal-Mart Stores, Inc., to Walmart Inc., effective February 1, 2018. The name change is another iteration of Walmart's growing emphasis on ecommerce and its departure from the purely store-based strategy of its past. Show More Summary

Cyber Monday showdown: Walmart closes in on Amazon in online price war

2 months agoLifestyle / Fashion : AOL: Style

(Reuters) - Wal-Mart Stores Inc is within striking distance of matching Amazon.com Inc's online prices for the first time, a key milestone in its effort to regain the "low price leader" title. Read moreinking Blogs | Comments

Bossa Nova lands $17.5M funding to roll out robots in retail stores

Inventory-taking robots could soon become a common sight in supermarket stores across the country, if a company called Bossa Nova Robotics Inc. gets its way. The company, whose robots are already being tested in number of Wal-Mart Stores Inc. Show More Summary

Retailers' wish lists feature early holiday shopping

Most consumers haven’t bought their Thanksgiving turkey yet, but it’s already the holiday shopping season in the minds of many retailers. Wal-Mart Stores Inc., Target Corp. and others are aggressively advertising holiday specials online and in stores to get a jump on the spending spree that remains...

Wal-Mart tie-up helps McKesson top profit estimates

3 months agoHealth : Reuters: Health

(Reuters) - McKesson Corp, the biggest U.S. drug distributor, posted a better-than-expected quarterly profit after a tie-up with Wal-Mart Stores Inc helped it buy generic drugs at lower prices, sending its shares up nearly 6 percent on Thursday.

Drug distributor McKesson's profit tops estimates, shares rise

3 months agoHealth : Reuters: Health

(Reuters) - McKesson Corp, the biggest U.S. drug distributor, reported a better-than-expected quarterly profit, mainly as a tie-up with Wal-Mart Stores Inc helped it buy generic drugs at a lower prices.

Wal-Mart expects its online sales to jump 40% next year

Wal-Mart Stores Inc. is all about online, anticipating that digital sales next fiscal year will rise about 40% and that it will double the number of U.S. curbside locations for online grocery shoppers at its stores. But the world's largest retailer continues to scale back new store growth in the...

Wal-Mart acquires same-day delivery startup Parcel to take on Amazon in NYC

Wal-Mart Stores Inc. is dipping its toes into the same-day delivery market, as the retail giant announced today that it has acquired Brooklyn-based startup Parcel Inc. for an undisclosed amount. Founded in 2013, Parcel bills itself as a “last-mile delivery solution” that can integrate with existing ecommerce platforms through its API. Show More Summary

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