Latest Wal-Mart Stores Inc News
Walmart promotes Sam's Club CEO to top role at US stores
NEW YORK (AP) — Walmart says it is promoting the president and CEO of its Sam's Club division to lead the company's namesake stores in the U.S. John Furner, 45, will succeed Greg Foran, who was in that role for five years and spearheaded a turnaround at Walmart's U.S. division, company's largest with more...
Parent of Toys R Us teams up with Target to power online biz
NEW YORK (AP) — The parent company of Toys R Us is turning to a key rival to restart its e-commerce business ahead of the holiday shopping season. Tru Kids Brands is teaming up with discounter Target Corp. to relaunch Toysrus.com, according to a joint release. The site, which launched Tuesday, features...
Crusading tech mogul aims to prove CEOs can be activists too
SAN FRANCISCO (AP) — Salesforce founder Marc Benioff oversees a $130 billion software empire from a 62-story skyscraper that towers above everything else in San Francisco. But he sits uneasily in his lofty perch because of a worsening economic divide on the streets down below, where the lavish pay doled...
$500 a month for free: Data shows how people spent the money
SACRAMENTO, Calif. (AP) — The first data from an experiment in a California city where needy people get $500 a month from the government shows they spend most of it on things such as food, clothing and utility bills. The 18-month, privately funded program started in February and involves 125 people in...
National Retail Federation forecasts solid holiday growth
NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, forecasts that holiday sales will rise between 3.8% and 4.2% even as uncertainty looms over an escalating trade war with China. The holiday sales forecast, announced Thursday, marks an increase from the...
Shoppers have more options to return online purchases
NEW YORK (AP) — Ahead of the holiday season, shoppers have more options to return unwanted items bought online as retailers look for new ways to drive traffic. Plenty of retailers like Target and Walmart allow shoppers to easily drop off online returns at their stores. But now, a growing number of...
Retail giant Walmart halts sales of Zantac and related drugs
Walmart has become the latest store to halt sales of the popular heartburn treatment Zantac after health regulators warned about a potentially dangerous contaminant in the drug. The nation's largest retailer said Wednesday that it suspended sales of all drugs sold over the counter, or without a prescription, that...
Walmart's Sam's Club launches health care pilot to members
NEW YORK (AP) — Walmart's Sam's Club is teaming up with several health care companies to offer discounts on routine care that customers might delay or skip because of the cost. Starting next month, Sam's Club members in Michigan, Pennsylvania and North Carolina will be able to buy bundles of health care...
US official expects 'hundreds more' cases of vaping illness
WASHINGTON (AP) — The number of vaping-related illnesses in the U.S. could soon climb much higher, a public health official said Tuesday. Dr. Anne Schuchat, of the Centers for Disease Control and Prevention, told a congressional subcommittee that she believes "hundreds more" lung illnesses have been...
Walmart to quit selling e-cigarettes amid vaping backlash
NEW YORK (AP) — Walmart is getting out of the vaping business. The nation's largest retailer said Friday that it will stop selling electronic cigarettes at its namesake stores and Sam's Clubs in the U.S. when it sells out its current inventory. The nation's largest retailer said the move is due to "growing...
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