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Walmart

Tuesday, May 1, 2018

Tuesday, May 1, 2018 - 10:17:00

Walmart backs out of European grocery business, sells UK supermarket chain Asda

Walmart announced yesterday that it is selling its UK supermarket business Asda in a $10 billion deal. The company will be merged with Sainsbury's, a larger rival. Walmart will receive $4.1 billion and a 42 percent stake in the merged company.

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Friday, March 30, 2018

Friday, March 30, 2018 - 07:25:00

Walmart reportedly set to acquire health insurance behemoth Humana

The Wall Street Journal reports that Walmart is in the early stages of talks to buy Humana, one of the nation's five largest health insurers.

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Tuesday, March 27, 2018

Tuesday, March 27, 2018 - 11:37:00

Walmart to remove Cosmopolitan from checkout lines

Walmart will remove Cosmopolitan magazine from checkout lines at 5,000 stores across the country, according to the National Center on Sexual Exploitation (NCOSE), an anti-pornography advocacy group.

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Saturday, January 13, 2018

Saturday, January 13, 2018 - 14:11:00

Walmart to cut 1,000 corporate jobs

For whatever reason, Walmart isn't crediting the GOP tax bill for this decision, but the Wall Street Journal reports that the company is set to cut 1,000 jobs, primarily hitting the retailer's headquarters in Bentonville.

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Friday, January 12, 2018

Friday, January 12, 2018 - 09:52:00

Walmart announces upped wages and expanded benefits, noting tax cuts. But it also closed a lot of Sam's Clubs

Walmart, the Bentonville-based retail behemoth and nation's largest employer, announced today it would increase wages to $11 for starting employees, expand maternity and paternity leave and even hand out one-time $1000 bonuses to certain veteran employees.

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Tuesday, January 2, 2018

Tuesday, January 2, 2018 - 13:49:00

Walmart shoplifting punishment program suspended

An alternative punishment program for Walmart shoplifters has been suspended after backlash, reports the Wall Street Journal. It was touted as restorative justice but a judge called the program "textbook extortion."

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Wednesday, December 13, 2017

Wednesday, December 13, 2017 - 17:19:00

Walmart to let workers take wages before payday

Walmart launches app for finanical responsibility for its 1.4 million workers, including "Instapay" which will allow employees to receive wages before their actual payday.

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Friday, September 15, 2017

Friday, September 15, 2017 - 13:24:00

Walmart plans to build new HQ in Bentonville

Walmart will build a new headquarters in Bentonville, CEO Doug McMillon said today. The project is expected to accommodate 14,000-17,000 employees, who are now spread among 20 buildings in Bentonville, Arkansas Business reports. It's expected to be built in stages and take five to seven years to be completed.

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Friday, June 2, 2017

Friday, June 2, 2017 - 12:10:00

New report accuses Walmart of violating laws in punishing absences

Walmart is potentially punishing its employees for health absences in violation of federal and local laws, according to a report.

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Monday, April 24, 2017

Monday, April 24, 2017 - 11:54:00

Walmart slapped with $12 million in damages over misappropriating trade secrets

An Arkansas jury last Friday awarded Cuker Interactive, a California-based digital marketing agency, more than $12 million in damages  from Walmart. The jury found that Walmart had misappropriated trade secrets. In addition, the jury awarded Cuker $30,600 in damages for breach of contract and $400,000 for unjust enrichment.

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Tuesday, April 18, 2017

Tuesday, April 18, 2017 - 15:25:00

Group advocates for living wage at Walmart

Making Change at Walmart, an effort by the United Food and Commercial Workers International Union to advocate for the retailer to pay employees a living wage, is kicking off a campaign this month, with Arkansas among the target states.

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Monday, January 23, 2017

Monday, January 23, 2017 - 11:30:00

Walmart lays off around 1,000 administrative employees

Talk Business reports that Walmart stores, mostly in the Bentonville area, laid off around 1,000 workers on Friday in human resources, information systems division, replenishment, and financial services. The economic hit to northwest Arkansas could be significant.

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Monday, August 8, 2016

Monday, August 8, 2016 - 07:57:00

Walmart purchases Jet.com for $3 billion

Walmart today announced what has been rumored since last week: the retail behemoth is purchasing e-commerce startup Jet.com for $3 billion.

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Thursday, August 4, 2016

Thursday, August 4, 2016 - 09:39:00

Walmart reportedly angling for $3 billion purchase of online startup Jet.com

Walmart is reportedly looking at buying the New Jersey-based e-commerce startup Jet.com for $3 billion.

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Tuesday, June 16, 2015

Tuesday, June 16, 2015 - 06:34:00

Complaint to IRS alleges Walmart used foundation grants to its business advantage

A coalition of labor organizations and community groups filed a complaint yesterday with the IRS that alleges Walmart has targeted its grantmaking via the Walmart Foundation to soften opposition to its expansion in several major U.S. cities.

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Friday, June 5, 2015

Friday, June 5, 2015 - 09:54:00

Greg Penner elected chair of Walmart board to succeed father-in-law Rob Walton

Greg Penner's expected rise to Walmart leadership was formalized this morning with the board's election of Penner to succeed his father-in-law, Rob Walton, as chair of the retailer's board. The annual stockholder meeting is underway in Fayetteville with the usual lineup of celebrity entertainment.

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Wednesday, March 25, 2015

Wednesday, March 25, 2015 - 07:55:00

Trinity Church, a Walmart shareholder, suing retailer over vote on guns

Trinity Church, an Episcopal church in lower Manhattan, is challenging the company on its policy around selling guns and has sued the retail behemoth over its refusal to allow a shareholder vote on Trinity's proposal. Briefs are being filed this week with the Third Circuit Court of Appeals in a case with implications not just for the issue of gun sales but for corporate governance and shareholder activism.

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Monday, February 23, 2015

Monday, February 23, 2015 - 20:10:00

Walmart weighs in, too late, against gay discrimination legislation

Now they tell us. Walmart finally breaks silence on SB 202, a statute intended to allow discrimination against gay people even if local governments want to prevent it. Breaks wind is more like it, with a statement of opposition after the bill became law.

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Thursday, February 19, 2015

Thursday, February 19, 2015 - 14:07:00

Walmart taking all workers to at least $9 an hour. Context supplied.

After months of heavy pressure from critics, Walmart has announced it will raise pay of all U.S. workers to at least $9 an hour by April. Before you sing the Hallelujah Chorus, consider some context.

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Saturday, February 14, 2015

Saturday, February 14, 2015 - 07:32:00

Walmart challenges Texas law banning its sale of spirits

Walmart has sued Texas regulators over laws that prevent its stores from selling spirits in Texas. What about Arkansas?

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