Content about Wal-Mart Stores

November 25, 2013

Wal-Mart Stores veteran Doug McMillon, 47, will succeed Mike Duke, 63, as president and CEO, effective Feb. 1, 2014, the company announced Monday morning.

Wal-Mart International president and CEO Doug McMillon was given the nod over Walmart U.S. president and CEO Bill Simon to take the top post. McMillon will join the board effective immediately. McMillon’s successor will be named before the end of the fiscal year, according to the company.

November 30, 2012

Chain Store Age’s annual Retail Construction Survey shows Home Depot and Lowe’s among the retail industry’s top-10 leaders in capital expenditures. 

Lowe’s ranked sixth among retailers with $1.4 billion in capital expenditures, and Home Depot ranked eighth, with $1.1 billion.

Wal-Mart stores ranks first on the list -- way out in the lead with $7 billion to $7.5 billion in capital spending.

August 17, 2012

Expectations are high that mobile payments represent the future of commerce, and a group of leading retailers this week formed a new organization to offer an alternative way to pay.

The group, Merchant Customer Exchange, will integrate a range of consumer offers, promotions and retail programs available via any smartphone. Participating retailers include Wal-Mart, Lowe's, Sears Holdings Corp. and Target. Additional members are expected to be announced in the coming months.  

August 10, 2012

Newell Rubbermaid named to its board of directors Ignacio Perez Lizaur, a former Wal-Mart Stores executive. 

Lizaur led Wal-Mart’s first international venture when he worked as director of Sam’s Club Mexico in 1991.

June 12, 2012

According to a report by Reuters, that U.S. District Judge Charles Breyer on Friday said he was "seriously concerned" about whether the female plaintiffs suing Wal-Mart Stores have sufficient evidence to proceed with their re-filed gender discrimination lawsuit.

The group is again filing suit against Wal-Mart for allegedly denying them pay raises and promotions for gender-related reasons. The original class action suit of as many as 1.5 million current and former Wal-Mart employers was dismantled by the U.S. Supreme Court last year.

May 9, 2012

A tie-down tool called LoopRopes, designed to help safely transport cargo in the back of a truck or car, will find its way into Wal-Mart Stores, according to the Medford, Ore. Based supplier.

Wal-Mart Stores ordered more than 11,000 "LoopRopes" for 1,100 Wal-Marts from the company, making it Jeff Dahl’s largest wholesale order since inventing the product just over two years ago.  

March 27, 2012

An initial public offering is in the works for Shanghai, China-based TCP International Holdings, maker of energy-efficient light bulbs.

The supplier to Home Depot and Wal-Mart Stores (among many others) makes about 3,500 kinds of compact fluorescent light bulbs, about 275 varieties of even more efficient LEDs and 12 kinds of halogen bulbs.

October 18, 2011

Wal-Mart Stores has announced that the president of its China unit is stepping down. A company spokesman said the resignation was unrelated to a Chinese government food safety case against several Wal-Mart stores.

Ed Chan, CEO of Wal-Mart China, left for personal reasons, the company said. Scott Price, president of Wal-Mart Asia, will fill the position in the interim.

October 14, 2011

Wal-Mart Stores had positive news for analysts and investors gathered for the retailer’s annual meeting on Wednesday in Rogers, Ark. The chain said its same-store sales rose in July, August and September, reversing a two-year slump. It also announced that it plans to cut its capital spending in the United States, even as it increased cap spending abroad, as it continues to shift toward building smaller stores. 

October 10, 2011

The NPD signed a point-of-sale cooperation agreement with Sam’s Club, the Wal-Mart Stores division, to receive and analyze sales information from Sam’s Club U.S. clubs and SamsClub.com.

June 20, 2011

In a ruling that may mean new limits on class-action suits, the Supreme Court on Monday ruled for Wal-Mart Stores in the largest sex-discrimination lawsuit in history, as it put the brakes on a massive job discrimination lawsuit against the chain. 

March 30, 2011

The potentially massive workplace discrimination lawsuit brought by female employees against Wal-Mart Stores reached the Supreme Court yesterday, with early points scored for the defense, according to a CNN.com article.

The Supreme Court is hearing arguments and deciding whether the sex-discrimination case can proceed. 

February 22, 2011

Wal-Mart Stores posted its seventh straight quarterly sales decline, falling short of its own projections for the holiday period.

January 31, 2011

It turns out the announcement earlier today by Walmart that Duncan Mac Naughton would serve as head merchant of the company’s U.S. division was but one component of a more extensive shakeup at the company.

November 20, 2008

Mike Duke was also elected to the company's board of directors, effective immediately, and Lee...

July 1, 2008

The Retail Industry Leaders Association has named its board of directors for 2008, with the...

June 23, 2008

Lowe’s, Home Depot and Wal-Mart are among the big-box retailers helping rebuild communities devastated by...

May 12, 2008

First-quarter earnings were $3.022 billion, up 6.9 percent from $2.862 billion in the same quarter last year....

May 4, 2008

With the green revolution in full swing, retailers in the home channel realize there’s a...

April 13, 2008

As the worst flooding in almost a century devastated homes and businesses across the Midwest...

March 20, 2008

The retailer will recycle approximately 2.5 million tires in 2008 to manufacture the eco-friendly Majestic...

March 19, 2008

The company said the new store, which it calls the “HE.5 prototype,” uses 45 percent...

March 5, 2008

The company also reported comparable-store sales up 2.6 percent for the month, with Wal-Mart Stores...

February 18, 2008

The company reported net income for its fourth quarter ended Jan. 31, 2008, at $4.1...

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