Wal-Mart Stores Inc.
Retail
Murali Lanka named Chief Operations Officer of Wal-Mart India
Wal-Mart India, wholly owned subsidiary of Wal-Mart Stores Inc., announced that Murali Lanka has been appointed as its new Chief Operations Officer (COO). This is effective from December 1, 2014. Murali will report to Krish Iyer, President and CEO,...
Retail
Walmart taps into Africa
Retail giant Wal-Mart Stores Inc. has added another feather in its cap by buying out Massmart partially, the leading African retailer of general merchandise and home improvement equipment supplier.On June 20, 2011, the Bentonville, Arkansas based Walmart announced that...
Retail
Wal-Mart Loses Two Top Executives in China
Wal-Mart Stores Inc. has lost two of its top executives in China, potentially complicating the retail giant's expansion in a key growth market where other foreign companies have also faced challenges recently.Roland Lawrence, Wal-Mart's chief financial officer for China,...
Retail
Target eyes $6B in annual Canadian sales
U.S. retail giant Target Corp. expects to generate at least $6 billion in annual sales in Canada in as little as six years as it makes its first foray into a foreign market.Chief financial officer Douglas Scovanner also said...
Retail
Kerala to tax corporate retailers
In an apparent move to discourage corporate retailers from opening more outlets in Kerala, the state government, in its annual budget on Thursday, said it will slap a 10 per cent surcharge on the profits made by them.
“We have...
Retail
US stores gear up for holiday season
Stores across United States of America were gearing up for the official start of the holiday shopping season Friday with midnight openings doling out special offers on shoppers who have been reluctant to open their purse strings due to...
Retail
China retail sales fastest in eight years
Buoyed by rising incomes and prices, China's retail sales rose at the fastest pace in last eight years touching 18.1 per cent increase in October from a year earlier to US$111 billion topping the 17 per cent growth in...
Retail
Retail industry in Japan poised for rebound
With foreign companies increasing their presence in Japan's retail industry, the indications are that the one of the worst-performing stock groups in the last two years is poised for a rebound, says Yasuda Asset Management Co.'s Hiroshi Chano.
The Italian...
Retail
Wal-Mart to have new HR and Operations Chiefs for US
Wal-Mart Stores Inc., the world's largest retailer, has named new chiefs of operations and human resources for its U.S. division. The sales of this division grew at the slowest pace in at least 27 years.
Bill Simon is named as...
Retail
Wal-Mart drops plan to open Bank
Wal-Mart Stores Inc. has dropped the plans to open its own bank, putting an end to a two-year controversy that roiled financial-services companies that feared direct competition from the world's largest retailer.
Wal-Mart notified the Federal Deposit Insurance Corp. that...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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