David Tovar News
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As Wal-Mart Stores Inc. prepares to anoint the fifth chief executive in its history, the world’s largest retailer is grappling with challenges founder Sam Walton never faced.
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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.
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The Wal-Mart Stores Inc. executive who called the retailer’s February sales a “total disaster” in an internal e-mail obtained and reported by Bloomberg News has left the company.
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Cindy Murray has been working at Wal-Mart Stores Inc.’s location No. 1985 in Laurel, Maryland, for 13 years. She’s stationed in the fitting rooms and earns $12.40 an hour.
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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.
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Wal-Mart Stores Inc., the world’s largest retailer, projects that it could boost U.S. sales by about $5 billion a year by keeping store shelves more fully stocked.
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Wal-Mart Stores Inc. is “anxious” to take on Amazon.com Inc.’s Marketplace, where independent merchants sell millions of products.
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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.
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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.
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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.
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