Wal-Mart Stores Inc.’s board, as it prepares for new leadership at the company, has identified two internal candidates to succeed Chief Executive Officer Mike Duke, according to a person familiar with the situation.
Wal-Mart Stores Inc, already struggling to woo shoppers constrained by higher taxes, is “getting worse” at keeping shelves stocked, the retailer’s U.S. chief told executives, according to minutes of an officers’ meeting obtained by Bloomberg News.
Dick’s Sporting Goods Inc., the largest U.S. sporting-goods chain, suspended sales of modern sporting rifles nationwide after the shooting in Newtown, Connecticut as the massacre’s victims are mourned.
Wal-Mart de Mexico SAB fell the most in more than 13 years after its parent company announced an investigation into allegations that representatives in the country bribed local officials to get stores opened faster.
Wal-Mart Stores Inc. said it is investigating allegations that some executives bribed officials in Mexico to clear the way for store openings in the early 2000s and that a subsequent internal probe may have fallen short.