Wal-Mart: Now In India!
Wal-Mart has finally launched their first sales venture in India in partnership with Bharti Enterprises.
The two companies are now in a joint venture named Best Price Modern Wholesale.
Wal-Mart India head Raj Jain spoke about their Indian venture: “We have put in a lot of planning and preparation over the past 12 [...]
Tom Mars is the new chief administrative officer of Wal-Mart USA
Wal-Mart Stores has announced the appointment of Tom Mars as their new executive vice president and chief administrative officer of Wal-Mart USA.
He would now handle the company’s human resources operations for the division.
Mars was till now the general counsel of Wal-Mart Stores. That position [...]
Wal-Mart to cut 800 jobs in headquarters
Wal-Mart has announced that they would be cutting around 800 positions in their headquarters.
These jobs would be cut from its corporate office in Northwest Arkansas over the next few weeks.
This latest job cut announcement is part of company’s plan to cut costs during these tough times.
Wal-Mart Spokesman David Tovar [...]
Wal-Mart Stores to pay big to settle 63 lawsuits
Wal-Mart Stores has announced that they are going to pay as much as $640 million to settle around 63 lawsuits filed against them related to wage-and-hour violations.
This settlement would end legal disputes which have been going on for years.
Wal-Mart said that the final amount to [...]
Wal-Mart Stores almost confirmed to sell iPhone in the coming weeks
A Wal-Mart Stores has said that the retailing giant would soon start selling Apple iPhones through their stores.
Apple currently offer the popular smartphone through Best Buy in addition to their own stores and AT&T.
Sources say that the company would launch the iPhone in [...]
Mike Duke is the new CEO of Wal-Mart
Wal-Mart Stores has announced that Mike Duke, vice chairman of its international division would become their new President and CEO when Lee Scott retires next year in February.
Duke would take over his new position in the company on February 1.
He is also becoming a member of the [...]
Circuit City Stores files for bankruptcy protection
It was bound to happen. Circuit City Stores has now filed for bankruptcy protection.
The company had been struggling and just failed to survive against the competition from companies like Wal-Mart and Best buy.
The company recently said that they would close down 155 stores and fire 17% of their [...]
Nike sues Wal-Mart for Patent Infringement
Nike does not sell its products in Wal-Mart as they believe it would devalue their brand.
The company has however sued the US based retailing giant for patent infringement.
Nike is claiming that Wal-Mart is selling shoes which resemble their patented designs and technologies.
The company claims that some models of shoes being [...]
Wal-Mart set to launch Marketside stores
US based retailing giant Wal-Mart has announced that they are all set to launch their Marketside grocery stores in the Phoenix, Arizona region.
With this they would take on Tesco in this segment of the market (fresh groceries and prepared foods).
This launch comes less than a year after Tesco entered the [...]
Wal-Mart Stores closing down z.b.d. design
Wal-Mart Stores has announced that they are closing down their Wal-Mart Stores line.
They had been offering this since last year.
The company said in a statement: “We don’t have plans to continue it at this time.”
This company division was named z.b.d. design.
Walmart.com chief merchant Kelly Thompson added: “We’ve gotten a [...]
