Wal-Mart Stores Inc. Chief Executive Officer Mike Duke got a 14 percent raise in pay to $20.7 million as the retailer, trying to recover from a weak start this year, tied future bonuses to compliance controls.
Wal-Mart Stores Inc., the world’s largest retailer, reported fourth-quarter profit that trailed analysts’ estimates as an emphasis on low prices hurt margins. The shares tumbled the most in six months.
Sun Art Retail Group Ltd., China’s largest operator of big-box stores, will boost its own brand offerings and add higher-margin items to increase sales after opening new stores helped raise 2012 profit by half.
Wal-Mart Stores Inc., the world’s largest retailer, boosted its profit forecast for the year after the Sam’s Club chain and changes in merchandising helped the company halt a decline in U.S. store sales.
Wal-Mart Stores Inc.’s fourth- quarter forecast signals the world’s largest retailer stands to face more obstacles than competitors such as Target Corp. this holiday season as price-conscious consumers hold back in the sluggish U.S. economy.