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Wal-Mart (NYSE: WMT), Target (NYSE: TGT) and Other Retailers Embroiled in Lawsuit with Visa (NYSE: V), MasterCard (NYSE: MA)
Wal-Mart (NYSE: WMT), Target (NYSE: TGT), and Sears Holdings Corp (NASD: SHLD) rarely find themselves agreeing, much less banding together on any one issue. When it comes to dealings with credit card companies though, that is all changing. The retail giants find themselves in a group of more than 500 merchants objecting to a $7.25 billion antitrust settlement with credit card firms over swipe fees, say the deal is meaningless as long as card companies can fix fees charged retailers on each transaction.
The...
Staffing Issues At Wal-Mart (NYSE: WMT)
While unemployment continues to plague the country in certain areas, it seems that Wal-Mart (NYSE: WMT) faces a different problem altogether – not enough workers.
According to Bloomberg research by Renee Dudley, Wal-Mart doesn’t have enough bodies to restock the shelves, according to interviews with store workers. In the past five years, the world’s largest retailer added 455 U.S. Wal-Mart stores, a 13 percent increase, according to filings and the company’s website. In the same period, its...
Wal-Mart (NYSE: WMT) Sues Union in Florida
Wal-Mart (NYSE: WMT) is no stranger to controversy, especially when it involved labor unions. Lately though, grocery worker unions have been targeting the store, causing disruptive rallies the retail giant seeks to curtail through litigation.
Wal-Mart has a long and complicated history when it comes to unions. Despite the prevalence of unions in many states over the years, Wal-Mart has largely been able to keep them at bay, avoiding their intrusion into the firm and avoiding the costs associated...
Wal-Mart (NYSE: WMT) Struggles With Inventory Replenishment
Wal-Mart (NYSE: WMT) faces a problem few retailers do – their products sell out so quickly, restocking the shelves in a timely manner is hampering sales.
Wal-Mart was once regarded as the king of logistics, a pioneer in the industry using RFID technology to track and manage inventory, and avoiding stock out conditions that sap sales and anger customers. As more customers flock to Wal-Mart though, the current pipeline isn’t keeping up with the demand.
We run out quickly and...
Wal-Mart (NYSE: WMT) Facing More Gender Bias Lawsuits
Wal-Mart (NYSE: WMT) has been sued by five Wisconsin, claiming the company has denied them and other female employees equal pay and equal opportunities. The lawsuit, alleging unfair pay practices contingent on gender, is the latest in a slew of suits targeting the hiring and pay practices of the firm.
Jim Kaster of the Minneapolis-based Nichols Kaster PLLP, and a lawyer for the plaintiffs, said in a statement announcing the filing that “Women at Wal-Mart were told by management that women deserved...
Wal-Mart (NYSE: WMT) Expanding Presence in Grocery Market
The grocery industry is changing, and one of the largest benefactors of that is discount retail giant Wal-Mart (NYSE: WMT) as they are expanding rapidly in the space. Wal-Mart has successfully capitalized on its reach, pitching groceries to their shoppers, and is quickly becoming an important part of the firm’s success. Ten years ago the grocery strategy was a novelty for the firm, but as time passes it is of growing importance.
The nation’s largest retailer adapted to fit the needs of its...
Wal-Mart’s Mexico Operations Probed By Attorney General (NYSE: WMT)
In Mexico, the attorney general’s office launched a preliminary investigation into whether Wal-Mart Stores bribed officials to expand its business. A New York Times report revealed a pattern of suspicious payments made to various authorities in Mexico totaling around $24 million. It is believed that the payments were intended to overcome any objections to Wal-Mart’s rapid expansion plans in Mexico.
The attorney general’s office announced that it had started a probe to determine...
Home Depot Announces Hiring Plans
Retailer Home Depot is stepping up their seasonal hiring this year.
January 13, 2012- Home Depot, Inc. has announced its plans to hire its annual seasonal workers. The company has accelerated its plans by nearly a month to hire 70,000 workers for its U.S. stores. The hiring plans were announced in preparation of the stiff competition for selling flowers, grills, fertilizers and other seasonal items to consumers who are still reluctant to spend on large ticket items.
The largest retailer for home...