Wal-Mart
Wal-Mart stores in the Chinese city of Chongqing reopened to surging crowds today, two weeks after being shut down by local authorities for violating food and product standards.Â
Wal-Mart is scaling back health care coverage for future part-time workers and raising premiums for some full-time workers. The giant retailer says rising health care costs are forcing it to eliminate health care coverage for future part-time workers who work less than 24 hours a week.
Coming soon to your local Wal-Mart: more craft beer. In another sign that the fast-growing segment is going mainstream, the nation's largest retailer and biggest beer seller is planning to add shelf space to accommodate more craft brews, former Wal-Mart CEO Lee Scott told distributors this week at their annual convention in Las Vegas.
Cape Town, South Africa -- A Thursday report by Bloomberg said that South Africa’s Competition Appeal Court began hearing a government lawsuit filed to compel regulators to review a decision allowing Wal-Mart Stores to acquire 51% interest in Massmart Holdings Ltd. The Competition Tribunal ruled on May 31 that Wal-Mart could proceed with the deal on condition no jobs are cut for two years and the companies set up a $12.4 million fund to assist local suppliers and manufacturers. The government objected, saying the conditions were inadequate to protect the economy and prevent a surge in imports undermining manufacturing
Wal-Mart expects toys to be best-sellers this holiday season as its toy prices are lower than competitors Target and Kmart, according to a Bloomberg Industries analysis.
Wal-Mart said Ed Chan, president of its China operations, quit as the company grapples with a pork labeling probe that shut all 13 of its stores in Chongqing and led to the detention of at least 27 people.
Wal-Mart is getting another public bludgeoning in China as anger over food safety and political fighting make the retail giant a convenient target. Authorities in the city of Chongqing have arrested two employees, closed down 13 Wal-Mart stores for two weeks and fined the company $421,000.
NEW YORK (TheStreet) -- Wal-Mart (WMT) Speaking at Wal-Mart's annual meeting Wednesday, Bill Simon, head of Wal-Mart U.S., noted an increase in traffic at stores, led by its food business. Simon said that the July, August and September momentum doesn't necessarily add up to a quarter. There are still two weeks left to the period, so it is still too early to tell which way the pendulum will swing.
Wal-Mart is launching a Facebook app that customizes marketing for each of its nearly 3,600 U.S. stores, allowing tailored communications about local deals, events or limited-distribution products. Eventually, Wal-Mart also hopes to use the My Local Walmart app to grow its site-to-store e-commerce program and evolve it into an individualized marketing program.











