Wal-Mart to shut 269 locations, to affect 16,000 employees

Wal-Mart to shut 269 locations, to affect 16,000 employees

The move includes Wal-Mart`s largest-ever single culling in the United States, where the company is closing 154 stores. The other 115 stores are in Latin America, including 60 in Brazil. 

Wal-Mart launches mobile wallet ''Walmart Pay''

Wal-Mart Stores Inc launched its own mobile payment service `Walmart Pay` on Thursday, potentially dealing a sharp blow to the ambitions of CurrentC, a beta-stage mobile wallet the company had been co-developing with a consortium of retailers.

 Wal-Mart's China imports cost 400,000 U.S. jobs during 2001-2013

Wal-Mart's China imports cost 400,000 U.S. jobs during 2001-2013

Wal-Mart Stores Inc`s import of goods from China led to the loss of over 400,000 jobs in the United States between 2001 and 2013, according to a report from a US-based non-profit think tank.

CVC examines Wal-Mart's top executives over corruption charges

Top executives of the US-based world's biggest retailer Wal-Mart have been examined by Central Vigilance Commission (CVC) amid allegations that the company gave bribes to government officials to get customs clearances and obtain permits to set up stores in India.

CVC summons Wal-Mart India head over graft charges

CVC summons Wal-Mart India head over graft charges

It is for the first time that the probity watchdog has started investigation involving a private company.

Wal-Mart eyes drone home deliveries

Wal-Mart eyes drone home deliveries

Wal-Mart is actively looking at the possibility of using drones to make deliveries to US customers, a spokesman said Monday, following the lead of Amazon and other retailers.

Wal-Mart's drug problem: Pharmacy business drags on profit

The company warned that the margin squeeze would continue for at least the remainder of the year.

Amazon's value surpasses Wal-Mart after surprise 2Q profit

It's official: Amazon is bigger than Wal-Mart. Amazon shares surged 15 percent on Friday after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20 percent jump in revenue.

Wal-Mart buys out China e-commerce firm Yihaodian in online push

Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday.

Wal-Mart names son-in-law of Rob Walton as new chairman

The change is effective as of the end of the company`s annual shareholders` meeting today, near the company`s headquarters in Bentonville, Arkansas.

Wal-Mart to expand China store network by nearly a third after growth stalls

"Our aim is to become an integral part of China`s economy," Chief Executive Doug McMillon said at a news conference in Beijing on Wednesday. "China is a top priority."

Wal-Mart to spend $1 bln to raise US wages this year

Wal-Mart Stores Inc , long criticised for its low wages and employee benefits, said it would spend more than $1 billion to increase pay for half a million US employees this year.

Wal-mart bosses deny stalling Tracy Morgan lawsuit

Wal-mart bosses deny stalling Tracy Morgan lawsuit

Bosses at US superstore Wal-Mart have denied allegations suggesting they have been purposefully stalling a federal lawsuit over Tracy Morgan's harrowing car crash.

Wal-Mart India appoints Murali Lanka operations chief

The world`s largest retailer has 20 wholesale outlets in India and plans to roll out 50 more over four to five years.

Wal-Mart raises healthcare costs, cuts benefits for some part-timers

Brian Yarbrough, an analyst at Edward Jones, said the decision by Wal-Mart could force other retailers to rethink what benefits they provide.

Wal-Mart profit pressured by flat US same-store sales

Wal-Mart Stores on Thursday posted a slight profit rise for its fiscal second quarter, as the world`s largest retailer struggles with weak US same-store sales.

Wal-Mart's website to personalise shopping

Wal-Mart is rolling out a feature that will enable its website to show shoppers more products that they may like, based on their previous purchases.

Wal-Mart replaces chief of US division

US retail giant Wal-Mart Stores Thursday announced it is replacing the head of its Walmart US division, which has had declining same-store sales in recent quarters.

Wal-Mart adds $102.9 mn in Indian wholesale business in June

Wal-Mart runs 20 wholesale stores in the country and plans to roll out 50 more over four to five years.

Switzerland`s Swatch to open stores in India: Report

Swatch has applied to set up stores in India, a report said Saturday, as the Swiss-based watchmaker moves to tap a growing and increasingly accessory-conscious consumer class.