Anthony Rose News
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Wal-Mart Stores Inc.’s Chief Administrative Officer in the U.S., Tom Mars, will leave the world’s largest retailer on March 13.
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Wal-Mart Stores Inc.’s failure to fix problems at outlets in Chongqing over the past five years forced authorities to temporarily halt its operations in the Chinese city as a warning, an official said.
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Wal-Mart Stores Inc. vows to exceed expectations tomorrow when it reopens 13 Chinese outlets shut for mislabeling pork, a rising challenge in an industry that’s blossomed with competitors since the retailer arrived in 1996.
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Wal-Mart Stores Inc. started inquiries into potential violations of the Foreign Corrupt Practices Act at operations in Brazil, India and China, adding to its probe of bribery allegations in Mexico.
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Wal-Mart Stores Inc., the world’s largest retailer, was ordered to halt operations at seven stores in southwest China as the local government investigates accusations that it mislabeled some pork products as organic.
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Chinese police arrested two Wal-Mart Stores Inc. workers in Chongqing and detained 25 others in a pork mislabeling investigation that has temporarily closed 13 of the retailer’s stores in the southwestern city.
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Wal-Mart Stores Inc. appointed Morten Knudsen chief financial officer for Asia as the world’s largest retailer rebuilds its leadership team in the region.
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Two Wal-Mart Stores Inc. employees, were released in the Chinese city of Chongqing six months after their arrest in connection with a probe into mislabeled pork, said Christina Lee, a spokeswoman for the retailer.
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Wal-Mart Stores Inc. is in talks to partner with Indonesian retailer PT Matahari Putra Prima, Reuters reported, citing unidentified people with knowledge of the deal.
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PT Matahari Putra Prima , Indonesia’s biggest retailer by market value, said four companies, including South Korea’s Lotte Shopping Co. , are interested in acquiring a controlling stake. Matahari shares rose as much as 10 percent.
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