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Wal-Mart Stores Inc.'s CEO and President Mike Duke promised investors Thursday that the retailer's aggressive price-cutting will not hurt its stock price, even as the company issued a modest forecast for U.S. expansion this year and next.
With a solid retail background and experience wrangling costs in Wal-Mart's international division, analysts say Mike Duke has the chops to take on the top post at the world's largest retailer as it increasingly focuses on emerging markets.
Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division.
Wal-Mart Must Include Adequate Return On Capital In Its Sustainability 'Index' Or It Will Do More Harm Than GoodWal-Mart announced a major new sustainability initiative.
Wal-Mart Awarding $2 Billion in Bonuses to U.S. Hourly EmployeesIn a memo distributed to Wal-Mart employees and obtained by Reuters, Wal-Mart CEO Mike Duke said the retailer is awarding roughly $2 billion to U.S.
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