Content about Criticism of Wal-Mart

July 26, 2012

A federal lawsuit against Wal-Mart Stores Inc. was filed on Wednesday by disability rights advocates claiming that payment machines are inaccessible to California customers in wheelchairs and on scooters.

San Francisco -- A federal lawsuit against Wal-Mart Stores Inc. was filed on Wednesday by disability rights advocates claiming that payment machines are inaccessible to California customers in wheelchairs and on scooters.

June 14, 2012

By Jundong Song, 89 Degrees

By Jundong Song, songj@89degrees.com

Wal-Mart, the largest grocer in the world, does not run any traditional loyalty programs to enroll and reward customers for their loyalty. Will this prove to be a costly mistake?

Giving competitors an edge

June 11, 2012

A report by Reuters said that New York City's pension funds have filed a derivative lawsuit against Wal-Mart Stores Inc. based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart officials.

New York -- A Monday report by Reuters said that New York City's pension funds have filed a derivative lawsuit against Wal-Mart Stores Inc. based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart officials.
 
The suit, filed in Delaware Chancery Court, alleges that Wal-Mart's officers and board of directors breached their fiduciary duty to both the company and shareholders by failing to properly handle claims of alleged bribery and apparently attempting to cover up details of the issue.

May 17, 2012

Wal-Mart Stores Inc. reported a better-than-expected 9.2% increase in first-quarter profit on increased sales in the United States and a strong performance abroad.

Bentonville, Ark. -- Wal-Mart Stores Inc. reported a better-than-expected 9.2% increase in first-quarter profit on increased sales in the United States and a strong performance abroad.

Wal-Mart earned $3.74 billion in the quarter ended April 30, 2012, up from $3.39 billion in the year-ago period.

May 4, 2012

The California State Teachers' Retirement System (CalSTSR), the second largest U.S. public pension fund, has filed a lawsuit against current and former Wal-Mart Stores’ executives and board members over mishandling of allegations that officials knew about a bribery campaign in Mexico and covered it up.

New York -- The California State Teachers' Retirement System (CalSTSR), the second largest U.S. public pension fund, has filed a lawsuit against current and former Wal-Mart Stores’ executives and board members over mishandling of allegations that officials knew about a bribery campaign in Mexico and covered it up. The fund holds more than 5.3 million shares of Wal-Mart.

May 1, 2012

The U.S. Department of Labor’s Wage and Hour Division has ordered Wal-Mart Stores Inc. to pay more than $4.8 million in back wages and damages to some 4,500 employees nationwide.

Bentonville, Ark. -- The U.S. Department of Labor’s Wage and Hour Division has ordered Wal-Mart Stores Inc. to pay more than $4.8 million in back wages and damages to some 4,500 employees nationwide.

The assessment follows a departmental investigation of the retailer that uncovered violations of the federal Fair Labor Standards Act's overtime provisions.

Wal-Mart has been assessed another $463,815 in civil money penalties.

April 23, 2012

Two U.S. lawmakers are launching an investigation into allegations of bribery at Wal-Mart Stores’ Mexican affiliate.

New York -- Two U.S. lawmakers are launching an investigation into allegations of bribery at Wal-Mart Stores’ Mexican affiliate. Representative Elijah Cummings, the top Democrat on the House Oversight and Government Reform Committee, and Representative Henry Waxman, the top Democrat on the House Energy and Commerce Committee, sent a letter to Michael Duke, Wal-Mart CEO, requesting an in-person meeting with company officials.

April 17, 2012

A report by the Associated Press said that Wal-Mart Stores Inc., CEO Mike Duke was compensated with an $18.1 million pay package in 2011, down 3% from the prior year.

Bentonville, Ark. -- A report by the Associated Press on Monday said that Wal-Mart Stores Inc. CEO Mike Duke was compensated with an $18.1 million pay package in 2011, down 3% from the prior year.

According to AP, the pay decline is attributed to a smaller performance-based cash bonus for the year.

March 29, 2012

Wal-Mart Stores Inc. said it will reduce prices on groceries by $1 billion in 2012, in hopes to draw customers in and encourage them to cross-shop in other areas of the store.

Bentonville, Ark. -- Wal-Mart Stores Inc. said Thursday it will reduce prices on groceries by $1 billion in 2012, in hopes to draw customers in and encourage them to cross-shop in other areas of the store.

Wal-Mart had $145 billion in grocery sales last year in the United States, making it the largest player in terms of domestic grocery sales. It says the price reductions in food and consumables are an investment and won’t impact margins especially if shoppers respond as planned with additional traffic and loyalty.

January 25, 2012

Wal-Mart Stores Inc. opened its second supercenter and fifth location overall in Chicago.

New York City -- Wal-Mart Stores Inc. on Wednesday opened its second supercenter and fifth location overall in Chicago.

January 20, 2012

Wal-Mart Stores announced a series of management changes that include an unexpected change in leadership at Sam’s Club, and a new chief information officer.

Bentonville, Ark. -- Wal-Mart Stores announced a series of management changes that include an unexpected change in leadership at Sam’s Club, and a new chief information officer. The retailer said it has named Rosalind Brewer as president and CEO of Sam's Club. She is the first woman and the first African-American to hold a CEO position at one of the company's business units.

December 9, 2011

A Friday report by Reuters said that Wal-Mart Stores Inc. disclosed an agreement Thursday to sell more than 70 million shares by a firm controlled by members of the founding Walton family.

Bentonville, Ark. -- A Friday report by Reuters said that Wal-Mart Stores Inc. disclosed an agreement Thursday to sell more than 70 million shares by a firm controlled by members of the founding Walton family.

Walton Enterprises LLC, controlled by S. Robson Walton, Alice L. Walton, Jim C. Walton and the John T. Walton Estate Trust, registered for sale 70,615,608 shares of company stock. That represents about 2% of Wal-Mart's outstanding shares.

November 15, 2011

Wal-Mart Stores Inc. posted the first quarterly revenue gain in its U.S. namesake business in more than two years, but the discounter's profit was down 2.9%.

Bentonville, Ark. -- Wal-Mart Stores Inc. on Tuesday posted the first quarterly revenue gain in its U.S. namesake business in more than two years, but the discounter's profit was down 2.9%. Profit for the quarter ended Oct. 31 was $3.33 billion, missing Wall Street expectations.

October 27, 2011

Four months after the Supreme Court tossed out a huge class-action lawsuit by female Walmart employees who claimed they were discriminated against by the world’s largest retailer, a smaller, regionalized group of employees has regrouped to file another gender-bias claim against Wal-Mart Stores.

San Francisco -- Four months after the Supreme Court tossed out a huge class-action lawsuit by female Walmart employees who claimed they were discriminated against by the world’s largest retailer, a smaller, regionalized group of employees has regrouped to file another gender-bias claim against Wal-Mart Stores.

October 21, 2011

Wal-Mart Stores is cutting back healthcare coverage for new part-time workers and significantly raising premiums for many new full-time associates, the New York Times reported.

New York City -- Wal-Mart Stores is cutting back healthcare coverage for new part-time workers and significantly raising premiums for many new full-time associates, the New York Times reported. It is a major turnaround for the retailer which, a few years back, under heavy criticism that many of its 1.4 million workers could not afford or did not qualify for coverage, expanded coverage for employees and their families. The move generated of flurry of positive publicity.

October 20, 2011

A Thursday report by Bloomberg said that South Africa’s Competition Appeal Court began hearing a government lawsuit filed to compel regulators to review a decision allowing Wal-Mart Stores to acquire 51% interest in Massmart Holdings Ltd.

Cape Town, South Africa -- A Thursday report by Bloomberg said that South Africa’s Competition Appeal Court began hearing a government lawsuit filed to compel regulators to review a decision allowing Wal-Mart Stores to acquire 51% interest in Massmart Holdings Ltd.

October 17, 2011

New York City -- Wal-Mart Stores announced Monday that the president of its China unit is stepping down. A company spokesman said the resignation was unrelated to a Chinese government food safety case against several Wal-Mart stores.

Ed Chan, CEO of Wal-Mart China, left for personal reasons, the company said. Scott Price, president of Walmart Asia, will fill the position in the interim.

September 14, 2011

Wal-Mart Stores unveiled a multibillion-dollar women¹s initiative whereby it double the money it spends with women-owned businesses, train women around the world and push major suppliers to use more women and minorities on work they do for the retailer.

Bentonville, Ark. -- Wal-Mart Stores unveiled a multibillion-dollar women¹s initiative whereby it double the money it spends with women-owned businesses, train women around the world and push major suppliers to use more women and minorities on work they do for the retailer. The ambitious program comes three months after the U.S. Supreme Court threw out a massive, class-action gender- bias lawsuit against the retailer.

August 16, 2011

Wal-Mart Stores reported Tuesday that profit for the quarter ended July 31 rose to $3.8 billion, up from $3.6 billion in the year-ago period.

Bentonville, Ark. -- Wal-Mart Stores reported Tuesday that profit for the quarter ended July 31 rose to $3.8 billion, up from $3.6 billion in the year-ago period. Overall revenue, up 5.4% to $109.37 billion, topped Wall Street’s expectations.

Yet, the world’s largest retailer is feeling the pinch from a tight economy that is slow to loosen. Wal-Mart U.S., the company's biggest unit, posted a 0.9% drop in same-store sales, the ninth consecutive quarterly drop and beneath analysts' estimates for a 0.6% fall.

July 25, 2011

Wal-Mart Stores said Friday it agreed that women planning potential gender-bias suits, after a group lawsuit was rejected by the Supreme Court, should get an extra 90 days to file their cases.

San Francisco -- Wal-Mart Stores said Friday it agreed that women planning potential gender-bias suits, after a group lawsuit was rejected by the Supreme Court, should get an extra 90 days to file their cases. Opposing lawyers are seeking to extend the filing deadline by 120 days.

July 5, 2011

According to multiple reports on Monday, India’s largest retailer has hired two former executives of Wal-Mart Stores’ China operations as its two top executives.

Bangalore, India -- According to multiple reports on Monday, India’s largest retailer has hired two former executives of Wal-Mart Stores’ China operations as its two top executives.

Reliance Industries Ltd., which operates 1,000 retail stores across India selling everything from produce to electronics, has named Rob Cissell as CEO of Reliance Retail Ltd. and has named Shawn Gray as COO.

June 20, 2011

In a ruling that may mean new limits on class-action suits, the Supreme Court on Monday ruled for Wal-Mart Stores in the largest sex-discrimination lawsuit in history as it put the brakes on a massive job discrimination lawsuit against the chain.

Washington, D.C. -- In a ruling that may mean new limits on class-action suits, the Supreme Court on Monday ruled for Wal-Mart Stores in the largest sex-discrimination lawsuit in history as it put the brakes on a massive job discrimination lawsuit against the chain.

June 13, 2011

A Superior Court in Pennsylvania on Friday upheld a $187.6 million class action award against Wal-Mart Stores on allegations that its Pennsylvania employees were not properly compensated for off-the-clock work and missed rest breaks.

New York City -- A Superior Court in Pennsylvania on Friday upheld a $187.6 million class action award against Wal-Mart Stores on allegations that its Pennsylvania employees were not properly compensated for off-the-clock work and missed rest breaks.

A panel said there was sufficient evidence at trial to conclude there had been a breach of contract, unjust enrichment and violations of state labor laws, the Associated Press reported.

June 3, 2011

Wal-Mart Stores on Friday kicked off its annual shareholders meeting by announcing a $15 billion stock buyback that will replace a previous $15 billion repurchase plan begun a year ago.

New York City -- Wal-Mart Stores on Friday kicked off its annual shareholders meeting by announcing a $15 billion stock buyback that will replace a previous $15 billion repurchase plan begun a year ago.

The meeting, attended by approximately 15,000 people, including Wal-Mart employees from around the globe, was held at the Bud Walton Arena on the campus of the University of Arkansas in Fayetteville, Ark.

May 31, 2011

Wal-Mart Stores said Friday it has replaced two of its top executives in China who resigned earlier this month.

Bentonville, Ark. -- Wal-Mart Stores said Friday it has replaced two of its top executives in China who resigned earlier this month.

Mario-José Medina will serve as the head of Wal-Mart financial operations in China. He previously worked as the CFO of Wal-Mart Chile, and was hired in 2007 to be the CFO of Wal-Mart Puerto Rico.

The company also said that Del Sloneker, a former senior VP, will become COO in China.