Word: wals
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...more than 3,200 stores in the U.S., Wal-Mart does not recognize any unions for collective bargaining. The company's official policy as posted on its website is that "because we believe in maintaining an environment of open communications, we do not believe there is a need for third-party representation." But the retail giant has taken a different approach toward its 42 stores in China. Last week, the company issued a statement saying: "Should [employees] request formation of a union, Wal-Mart China would respect their wishes and honor its obligation under China's Trade Union...
...forgiven for double-checking the name on the façade. Perhaps it's the barbecue grills on sale outside the entrance, an echo of Home Depot's parking-lot bonanzas, or the reams of DVDs, CDs and books that make you think you've stumbled into Wal-Mart. Maybe it's the colorful signs hanging from the industrial, sky-high ceiling, festooned with cheeky slogans like IT'S THE LITTLE THINGS THAT COUNT, which remind one of the king of cheap chic, Target. Then again it could be the 10-ft.-wide aisles and end-cap displays with towering boxes...
Notwithstanding all the talk about scale, $300 million in annual cost savings and sizable purchasing power, the merger isn't so much an attempt to take on a behemoth like Wal-Mart as it is to survive in spite of it. Even with a combined $55 billion in annual sales, Sears and Kmart will be just one-fifth the size of Wal-Mart, which "is so overwhelming in terms of market share, logistics and efficiency that going up against them would be futile," as Michael Appel, managing director of Quest Turnaround Advisers, puts...
...world's largest power company, in a share offering next year set to raise up to 311 billion. The sale - the biggest-ever stock offering in France - would fund development of the heavily indebted utility's European operations. Cultural Revolution Caving in to state pressure, Wal-Mart said it would allow trade-union representation for its workers in China , if they requested it. The world's largest retailer - known for its hostility toward labor unions - has some 20,000 employees and 40 stores in the communist country. Trade Body Blow The World Trade Organization granted the E.U., Japan and five...
...with their son. Strolling through the family clusters, Norum, the event's facilitator, stopped abruptly next to John. "Is that gum? There is no gum here," she scolded. Baffled by her response but determined to have a good time, the Carbens went off for the visit, shopping at a Wal-Mart for clothes that John would need for Montana's rough winter, dining at a Subway and driving through a bison preserve, content to be together even though they saw no bison. But when they returned to the school, they learned that the chewing gum, which his father had given...