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The head of Wal-Mart Stores Inc.’s U.S. discount stores has some bad news for grown-ups this holiday season — expect to get practical, everyday gifts.
“For all you adults out there, I think you should plan on socks and underwear for Christmas,” Bill Simon, president and CEO of Wal-Mart’s U.S. division, said at a presentation at an analyst conference. Get the full story »
Wal-Mart Stores Inc posted a higher quarterly profit, helped by cost cuts and growth in international markets as sales at U.S. stores open at least a year fell.
The world’s largest retailer said Tuesday profit was $3.60 billion, or 97 cents a share, in the second quarter ended July 31. Analysts on average forecast 96 cents, according to Thomson Reuters I/B/E/S. Sales at discount stores open for a year in the company’s key U.S. market fell 1.8 percent. Same-store sales in that unit had fallen in each of the past four quarters. Get the full story »
Wal-Mart Stores Inc. has raised average prices at its stores by about 6 percent in a month, according to a recent study in Virginia. Get the full story »
Another Wal-Mart is on its way to Chicago, with the City Council today approving a store for the South Side’s Chatham neighborhood. Aldermen voted 41-4 without discussion to approve the store at 83rd Street and Stewart Avenue. That comes on the heels of the council’s unanimous vote last month to allow a Wal-Mart to be built in the far Southeast Side Pullman neighborhood. Prior to that, no Wal-Marts had opened in the city since 2006.
Wal-Mart cleared another hurdle Friday in its bid to open stores throughout Chicago, winning approval from the City Council Finance Committee to build a location in the South Side’s Chatham neighborhood. If the plan for a store at the intersection of 83rd Street and Stewart Avenue passes the full City Council Wednesday, it will mark the second Wal-Mart given the green light to open within city limits in less than a month, after six years that saw none approved.
Approval for Chicago’s third Wal-Mart will follow hard on the heels of the second if Mayor Richard Daley has his way.
Daley held a news conference today to call on the City Council Finance Committee to approve a long-discussed Wal-Mart store at the corner of 83rd Street and Stewart Avenue in the Chatham neighborhood.
The proposal is on the committee’s Friday agenda. Get the full story »
Wal-Mart Stores Inc. said Chief Merchandising Officer John Fleming would resign from the company on Aug. 1, leaving the retail giant after 10 years of service and becoming the latest executive change.
The chief merchandising post is a key role for many retailers as that person typically steers a large staff and maintains relationships with vendors and suppliers. Wal-Mart is taking steps to improve its U.S. operations, with its high-profile move to open a second store in Chicago seen as a potential door-opener to other urban markets. The company also is opening smaller stores as it boosts its presence as a grocer. Get the full story »
The City Council unanimously voted today to let Wal-Mart build a second store in Chicago, ending six years of political gridlock that prevented the giant retailer to expand inside city limits.
The vote allows construction to begin on the 270-acre Pullman Park development on the South Side that will be anchored by a Super Wal-Mart. It is a project long championed by Ald. Anthony Beale, 9th, who said the new store will bring badly needed jobs in a hard-hit area suffering from a dearth of grocery stores.
Michigan man has sued Wal-Mart Stores Inc. for firing him after he tested positive for medical marijuana he was using legally to treat pain from an inoperable brain tumor and sinus cancer. Joseph Casias, 30, said he was fired late last year after five years of employment at a Wal-Mart store in his hometown of Battle Creek. Get the full story »
Wal-Mart Stores Inc. Tuesday named Bill Simon to run its U.S. discount stores, which have struggled with sluggish sales as their core customer continues to be pressured by high unemployment. Get the full story »
Great Kitchens Inc., an Illinois firm that distributes frozen food to Wal-Mart, is recalling some 109,800 pounds of BBQ chicken pizza products because they may contain foreign materials.
In a move that could have nationwide implications for Wal-Mart’s expansion in major cities, the City Council Zoning Committee signed off today on a second store in Chicago. The decision marks Wal-Mart’s first victory in six years. The giant retailer overcame powerful union opposition that kept Chicago aldermen at bay as they weighed the prospect of bringing more jobs to their wards against the possibility of losing their own to labor-backed opponents at election time. The breakthrough followed months of behind-the-scenes wrangling among unions and Wal-Mart over how much workers will get paid, with Mayor Richard Daley publicly exhorting the two sides to agree.
