Content about Reuters

April 25, 2013
Walmart faces new factory disaster in Bangladesh

Walmart and other retailers are facing renewed criticism over their global sourcing practices following another factory disaster in Bangladesh.

April 24, 2013
Former Walmart exec confirmed Obama’s budget chief

The Senate has voted unanimously to confirm former Walmart Foundation President Sylvia Mathews Burwell as White House budget director, according to a Reuters report.

April 11, 2013
Walmart exec who cried 'sales disaster' is out

Jerry Murray, the Walmart finance VP who called the chain's early February sales "a total disaster" in an email made public by Bloomberg, has left the company, effective April 5, according to a Reuters report.

March 27, 2013
J.C. Penney resumes old pricing strategy

A Tuesday report by Reuters said that embattled J.C. Penney Co. has recently revived its previously abandoned pricing strategy of raising prices on its own brands then discounting them as a way to spike sales and margins.

January 4, 2013
Format experimentation on international agenda

Walmart SVP Lev Khasis was elevated to the new role of president and CEO of new formats for Walmart International, according Reuters and Bloomberg reports citing a Walmart spokesman.

December 14, 2012
Co-inventor of bar code passes away

Norman Woodland, co-inventor of the bar code which transformed global commerce in the 1970s, passed away Saturday at the age of 91 from complications related to Alzheimer’s, according to a Reuters report.

December 14, 2012
Walmart last minute holiday shopping in...Turkey?

Turkish retailer Migros appears to fit Walmart’s acquisition criteria even if the timing of a potential deal is less than ideal.

November 12, 2012
Retired Williams-Sonoma exec joins Best Buy

Best Buy today announced that retired director, EVP, chief operating and CFO of Williams-Sonoma, Inc., Sharon McCollam, will join the company as its new chief administrative and CFO, effective Dec. 10, according to a Reuters report.

October 25, 2012
Walmart centralizes compliance and legal issues

Walmart said on Wednesday that various staff groups involved in compliance and legal issues will soon all report to its general counsel, Reuters reported.

August 7, 2012
Walmart to add more detail to financial reports

Wal-Mart Stores Inc. will adjust its future financial reports to add more detail on legal proceedings and cyber security after U.S. regulators asked the retailer to better explain certain matters in its latest quarterly and annual filings, Reuters reported.

July 27, 2012
When the only thing clear is the lack of clarity

An “exclusive” report from Reuters this week suggests U.S. authorities are poised to put the retail industry under the microscope as a result of Walmart’s bribery scandal in Mexico.

July 9, 2012
Report: Best Buy slashes work force by 1.4%

Best Buy intends to cut 2,400 jobs, including 600 Geek Squad technicians, which would make up 1.4% of its work force, Reuters reported Friday.

According to the report, these cuts are in addition to the job reductions related to the 50 store closings the company announced in March.

Click here to read the full report.

July 9, 2012
Report: Best Buy slashes work force by 1.4%

Best Buy intends to cut 2,400 jobs, including 600 Geek Squad technicians, which would make up 1.4% of its work force, Reuters reported Friday.

According to the report, these cuts are in addition to the job reductions related to the 50 store closings the company announced in March.

Click here to read the full report.

July 6, 2012
Walmart makes example of seafood supplier

Allegations of worker abuse prompted Walmart to suspend a small seafood supplier earlier this week pending the outcome of an investigation, according to a Reuters report.

July 6, 2012
Walmart makes example of seafood supplier

Allegations of worker abuse prompted Walmart to suspend a small seafood supplier earlier this week pending the outcome of an investigation, according to a Reuters report.

July 2, 2012
Report: No buyout offer by Best Buy founder coming soon

Best Buy’s founder and former chairman Richard Schulze is not expected to present a buyout or other proposal to the company's board anytime soon, Reuters reported, citing a person familiar to the situation.

July 2, 2012
Report: No buyout offer by Best Buy founder coming soon

Best Buy’s founder and former chairman Richard Schulze is not expected to present a buyout or other proposal to the company's board anytime soon, Reuters reported, citing a person familiar to the situation.

June 11, 2012
NYC files derivative suit vs. Wal-Mart

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.

June 11, 2012
U.S. judge questions validity of Wal-Mart gender suit

A report by Reuters said that U.S. District Judge Charles Breyer on Friday said he was "seriously concerned" about whether the female plaintiffs suing Wal-Mart Stores have sufficient evidence to proceed with their re-filed gender discrimination lawsuit.

June 8, 2012
RadioShack JV to open small-format stores in China

A Thursday report by Reuters said that RadioShack will take a 49% stake in a joint venture with Cybermart to open small-format, RadioShack-branded stores in greater China.

June 8, 2012
RadioShack JV to open small-format stores in China

A Thursday report by Reuters said that RadioShack will take a 49% stake in a joint venture with Cybermart to open small-format, RadioShack-branded stores in greater China.

May 29, 2012
Consumer sentiment at highest level since fall 2007

Consumer confidence in May rose to the highest level since October 2007, according to the Thomson Reuters/University of Michigan final index of consumer sentiment.

May 23, 2012
These acronyms are getting confusing

First it was the California State Teachers' Retirement System (CalSTRS) , now another California pension group (CalPERS) is looking to influence the Wal-Mart Stores board by withholding votes for nine members, according to Reuters. Read more.

April 23, 2012
Wal-Mart’s Mexican unit hit by bribery scandal

Wal-Mart Stores confirmed that it is investigating its operations in Mexico for possible violations of the U.S. law that prohibits bribery overseas.

February 17, 2012
Sears Canada announces price cuts as part of competitive move

A Thursday report by Reuters said that Sears Canada is cutting prices on more than 5,000 items as a competitive preemptive move before Walmart and Target begin their expansion march across the country.

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