Content about The Associated Press

April 24, 2014

Wal-Mart Stores Inc. cut some stock awards and reduced outgoing CEO Mike Duke’s compensation package 73% to $5.6 million in 2013, according to a report by the Associated Press.

Bentonville, Ark. -- Wal-Mart Stores Inc. cut some stock awards and reduced outgoing CEO Mike Duke’s compensation package 73% to $5.6 million in 2013, according to a report by the Associated Press.

Last year, Duke didn't get stock awards that are given in anticipation of future performance, and his performance-based bonus was reduced, resulting in a compensation package worth about $5.6 million including a base salary of $1.4 million and a performance-based bonus of $2.8 million for the fiscal year ended Jan. 31.

April 17, 2014

Target has increased the number of goods it offers for sale via online subscription by adding more than 1,600 items, according to the Associated Press.

Minneapolis – Target has increased the number of goods it offers for sale via online subscription by adding more than 1,600 items, according to the Associated Press. The chain started the service last fall, by offering some 150 baby products for delivery.

In addition to adding more items, Target is expanding the assortment to include a wider range of goods,

March 21, 2014

Walmart has introduced an online feature, called “Savings Catcher,” that allows shoppers to compare prices on the chain’s food and household products against those of its competitors, according to the Associated Press.

New York -- Walmart has introduced an online feature, called “Savings Catcher,” that allows shoppers to compare prices on the chain’s food and household products against those of its competitors, according to the Associated Press. General merchandise  categories and electronics are not included, and neither are purchases of store brands or those made online.

Walmart began offering the new service in late February, the report said, in seven markets, including Dallas, San Diego and Atlanta.

March 5, 2014

Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach.

New York -- Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach. The resignation came as Target said it is overhauling its information security practices.

February 18, 2014

The costs related to Target's data breach have now exceeded $200 million for financial institutions, according to the Consumer Bankers Association and the Credit Union National Association, the Associated Press reported.

New York -- The costs related to Target's  data breach have now exceeded $200 million for financial institutions, according to  the Consumer Bankers Association and the Credit Union National Association, the Associated Press reported. The $200 million figure does not include the cost of any a fraudulent activity, which would push the cost of the breach to the industry higher as consumers are not held liable.

The two trade associations said that 21.8 million of the 40 million compromised credit and debit cards have been replaced.

February 11, 2014

The “Dumb Starbucks” parody store which opened in Los Angeles on Saturday, Feb. 8 has been revealed to be a prank for a Comedy Central TV show.

Los Angeles – The “Dumb Starbucks” parody store which opened in Los Angeles on Saturday, Feb. 8 has been revealed to be a prank for a Comedy Central TV show. According to the Associated Press, comedian Nathan Fielder made a public announcement on Feb. 10 that he opened the store for use in his TV show “Nathan for You.”

December 12, 2013

MasterCard plans to expand its world headquarters in Purchase, N.Y., suburbs and open a technology lab in Manhattan, the Associated Press reported.

New York -- MasterCard plans to expand its world headquarters in Purchase, N.Y.,  suburbs and open a technology lab in Manhattan, the Associated Press reported.

The report said that MasterCard is investing several million dollars to open a new mobile e-commerce technology lab in New York City, which will lead to 122 new research and development and software jobs in Manhattan.

 

October 10, 2013

Rite Aid Corp. has been ordered to pay more than $12 million to settle a civil environmental protection lawsuit filed in California claiming about 600 of its stores illegally dumped pesticides, bleach and other toxics, the Associated Press reported.

Los Angeles -- Rite Aid Corp. has been ordered to pay more than $12 million to settle a civil environmental protection lawsuit filed in California claiming about 600 of its stores illegally dumped pesticides, bleach and other toxics, the Associated Press reported.

The lawsuit was filed last month by the district attorneys of Los Angeles, San Joaquin and Riverside counties, with a total of 52 California district attorneys joining the civil action.

September 20, 2013

Target Corp. reportedly plans to hire 70,000 seasonal workers for the upcoming holiday season, about 20% less than the 88,000 seasonal workers it hired for last year’s holiday season.

Minneapolis – Target Corp. reportedly plans to hire 70,000 seasonal workers for the upcoming holiday season, about 20% less than the 88,000 seasonal workers it hired for last year’s holiday season.

According to the Associated Press, Target wants to give full-time employees more opportunity to take on extra holiday hours. The retailer also wants to better anticipate and schedule for fluctuations in holiday traffic. About one-third of seasonal employees brought on last year obtained full-time jobs at Target.

August 19, 2013

A federal judge in Denver gave Hollister Co. until Jan. 1, 2017, to modify its store entrances to make them wheelchair accessible, according to an advocacy group for the disabled, at a rate of 77 stores per year, the Associated Press reported.

New York -- A federal judge in Denver gave Hollister Co. until Jan. 1, 2017, to modify its store entrances to make them wheelchair accessible, according to an advocacy group for the disabled, at a rate of 77 stores per year, the Associated Press reported.  

The entrances of some Hollister locations are designed to resemble a front porch, complete with steps. 

July 30, 2013

Shaw’s plans to close six of its 34 stores in New Hampshire by Sept. 2, the Associated Press said.

West Bridgewater, Mass. -- Shaw’s plans to close six of its 34 stores in New Hampshire by Sept. 2, the Associated Press said.

July 12, 2013

Michael Kors is suing Costco Corp., accusing the chain of illegally using pictures of its pocketbooks in its ads to attract customers, according to the Associated Press.

New York -- Michael Kors is suing Costco Corp., accusing the chain of illegally using pictures of its pocketbooks in its ads to attract customers, according to the Associated Press. Michael Kors said Costco was not authorized to sell the designer's goods.

In a federal lawsuit, Michael Kors accused Costco of using the bags as a lure. It claimed Costco advertised the bags as starting at $99, but didn't actually have any to sell, the report said.

 

June 19, 2013

OfficeMax has asked the state of Illinois for tax breaks to keep the company's headquarters in-state after its mergerwith Office Depot Inc. is complete, the Associated Press reported.

New York -- OfficeMax has asked the state of Illinois for tax breaks to keep the company's headquarters in-state after its mergerwith Office Depot Inc. is complete, the Associated Press reported.

The CEO of OfficeMax, Ravi Saligram, and state Sen. Tom Cullerton made their pitch Tuesday during a hearing on the state's pension crisis, the report said.

OfficeMax and Office Depot, which announced plans to merge in February, are still  trying to decide where to locate their combined headquarters.

June 11, 2013

The U.S. Equal Employment Opportunity Commission is suing Dollar General Corp. over its use of criminal background checks to screen out job applicants or fire employees, according to the Associated Press and other media reports.