By Jessica Wohl
(Reuters) – Wal-Mart Stores Inc said on Tuesday it will offer health insurance benefits to domestic partners of its U.S. employees starting next year.
The world’s largest retailer, based in Bentonville, Arkansas, also plans to begin to offer vision care to its eligible employees and their dependents, according to information the retailer sent to workers this week.
(Reuters) – Even with consumer confidence at a six-year high, retailers ranging from Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) to Macy’s Inc (M.N: Quote, Profile, Research, Stock Buzz) are competing not only with each other but are also having to adapt to shifting spending patterns.
Many consumers are taking advantage of still-low interest rates, purchasing cars and houses, but at the same time they are holding back on shirts, dresses and shoes, which doesn’t bode well for many retailers in the run-up to the year-end holiday season.
Lafley’s 1st $PG annual report in a few years: “We’ve taken a hard look at what we need to do and how we need to change to perform better.”
Aug 23 (Reuters) – Procter & Gamble Co said on Friday
it paid Bob McDonald, the former chairman, president and chief
executive who abruptly left last spring, nearly 5 percent more
last year as the company’s performance improved.
McDonald was replaced in P&G’s top spot on May 23 by his
predecessor, A.G. Lafley. While McDonald’s departure was termed
a retirement, many saw the change as confirmation that his
tenure was a disappointment and that the world’s largest
household products maker needed Lafley to reassure investors and