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☆ Walmart's Latest Perk for U.S. Store Managers? Stock Grants
  + stars: | 2024-01-29 | by ( Associated Press | Jan. | At A.M. | ) www.usnews.com   time to read: +3 min
Walmart said it hasn't made any changes to store managers' pay structure in more than a decade. U.S. managers of the sprawling supercenters, which run about 180,000 square feet, will receive $20,000 in stock grants. Walmart said the stock grants will vest over a three-year period, with ownership for one-twelfth of the grant total coming every quarter. The new starting annual base salary for U.S. store managers will range from $90,000 to $170,000. That means that the average base pay for store leaders will go to $128,000 from $117,000, according to Cedric Clark, executive vice president of store operations at Walmart’s U.S. division.
Persons: hasn't, ”, John Furner, Furner, Cedric Clark Organizations: Walmart, U.S, Hometown, Walmart U.S, Walmart’s U.S Locations: Bentonville , Arkansas, U.S
☆ Walmart: Watch Your Back, Amazon
  + stars: | 2023-02-21 | by ( Jinjoo Lee | ) www.wsj.com   time to read: 1 min
U.S. e-commerce sales at Walmart rose 17% last quarter from a year earlier. For the past five years, Walmart sacrificed margins to grow its e-commerce and new Amazon -like lines of business. This year could be the inflection point where that pays off. The retail giant on Tuesday reported that Walmart’s U.S. comparable-store sales rose 8.3% in its quarter ended Jan. 27 compared with a year earlier—healthier than the 4.2% that analysts polled by Visible Alpha were expecting. Net income for the company overall increased 76% to $6.3 billion, blowing past Wall Street’s estimates of 13% growth.
☆ Walmart to Raise Starting Hourly Wages to $14 From $12
  + stars: | 2023-01-24 | by ( Sarah Nassauer | ) www.wsj.com   time to read: 1 min
A Walmart employee stocks shelves in Secaucus, N.J. The company’s recent moves have raised its average hourly pay to over $17.50. Walmart Inc. said it is raising wages for its U.S. hourly workers as the country’s largest private employer continues to fight to attract staff in a tight labor market for front-line workers. Starting next month, Walmart’s U.S. workers in stores and warehouses will earn a starting wage of at least $14 an hour, up from $12, the company said in a memo to staff Tuesday. Rivals, including Amazon.com Inc. and Target Corp., have a $15-an-hour minimum wage, while Costco Wholesale Corp.’s minimum is even higher.
☆ Some Retailers Are Learning to Love Bulked-Up Inventories
  + stars: | 2022-12-01 | by ( Liz Young | ) www.wsj.com   time to read: +6 min
Discount retailers Burlington Stores Inc. and TJX Cos. are among those happy to stock up as other merchants look to off-load goods. “Last year, our store inventories were just too lean going into the spring,” Mr. O’Sullivan said on a Nov. 22 call with analysts. The overall retail sector’s ratio of inventories to sales, a measure of how much companies have in stock compared with what they sell, remains tight by historical standards. The ratio for inventories to sales at those stores was 1.54 in September, up sharply from 1.39 in September 2019, according to Census Bureau figures. The company reported inventories rose 44% in the latest quarter compared with the same period a year earlier.
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