Walmart shares were up more than 5 percent in early trading following the release of fiscal 2013 first quarter earnings. The retailer beat Wall Street revenue projections of $110.5 billion by posting an 8.6 percent year-over-year gain to hit $112.27 billion. Profits were up 10 percent over fiscal 2012 first quarter at $3.74 billion.
View Post retail, WalmartLate Monday night, Walmart confirmed what we learned yesterday, thanks to a comment by a reader: Carrie Underwood (May 29) and Aerosmith (May 30) will perform in Bud Walton Arena as a precursor to the company’s annual Shareholders’ meeting. Tickets (rather quietly) went up on Ticketmaster late Sunday night and were available to associates for free. Several who went through the process informed me the ticket-getting procedure was quick and painless, if you were an associate in the know. As a result, Walmart tells me all tickets for the shows have been claimed and, unlike in years past, the public can’t expect to wait outside Bud Walton and gain access to these concerts
View Post carrie underwood walmart, cheap-trick, concert announcements, industry, process, several, ticketmaster, Walmart, walton, walton-arenaWalmart agreed to pay $4.82 million in back wages and damages to more than 4,500 employees nationwide following an investigation by the U.S. Department of Labor’s Wage and Hour Division that found violations of the federal Fair Labor Standards Act’s overtime provisions. Additionally, Wal-Mart will pay $463,815 in civil money penalties. The violations affected current [...]
View Post WalmartMore than two dozen workers at Walmart’s Fayetteville optical lab received pink slips this week. Ashley Hardie, Walmart spokeswoman, said 28 of the approximately 725 employees at the Martin Luther King Boulevard lab were given 90 days notice. “We encourage them to apply for openings within the company,” she said. The cuts were made to [...]
View Post WalmartWalmart today announced the launch of its “Pay with Cash” program for online orders at Walmart.com in the United States. This allows customers to shop at Walmart.com and pay for purchased items with cash at all U.S. Walmart and Neighborhood Markets. Walmart is the first major retailer to offer online purchases without the need for [...]
View Post retail, WalmartWalmart kicks off its new Disc-to-Digital service across the country, and DreamWorks Animation joins the program. Other major studios including Paramount Home Media Distribution, Sony Pictures Home Entertainment, Twentieth Century Fox Home Entertainment, Universal Studios Home Entertainment and Warner Bros. Home Entertainment were already on board. Walmart executives said they are negotiating with Disney. Movie [...]
View Post WalmartWalmart today announced that 10 finalists have been selected after the first round of public voting for its Get on the Shelf contest. More than 4,000 inventors, entrepreneurs and small businesses from across the country submitted products into the contest and more than one million votes were cast in a tight race where the American [...]
View Post retail, WalmartAdd Walmart to the list of businesses that won’t be selling meat with the filler known as “lean, finely textured beef.” The world’s largest retailer said in a statement that while while the USDA and experts agree that it is safe and nutritious, its Wal-Mart and Sam’s Club stores will start offering fresh ground beef [...]
View Post WalmartWalmart named Hormel Foods Corp. Supplier of the Year for 2011, according to MeatPoultry.com. The award was presented at the Supplier Summit in Orlando, Fla., in recognition of Hormel Foods’ track record of innovation and consistent growth. This is the first year the company has received the overall Walmart Supplier of the Year award. “We [...]
View Post retail, WalmartT-Mobile USA, Inc. announced this week it was named Walmart’s 2011 “Supplier of the Year” in both the wireless category and the overall entertainment division. The recognition honors the accomplishments of top-performing companies for helping to drive growth in wireless sales through the carrier’s devices and services. Walmart’s entertainment division comprises eight categories with more [...]
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