March 29, 2013 |
Just like its popular Duncan Hines cake mixes, packaged foods company Pinnacle Foods Inc. is on the rise after raising $580 million in an initial public offering. The company - which owns popular brands such as Birds Eye, Aunt Jemima, Log Cabin, Mrs. Butterworth's and Hungry-Man - made its debut on the New York Stock Exchange under the symbol PF. Wednesday night, the Parsippany, N.J., business sold 29 million shares for $20 apiece - at the top end of its suggested $18-to-$20 range.
January 25, 2010 |
Wal-Mart Stores Inc., the world's largest retailer, will eliminate some 11,200 jobs at its Sam's Club stores as it brings in an independent marketing firm to perform in-store product demonstrations. Outsourcing the in-store demonstrations to Shopper Events, a marketing firm based in Rogers, Ark., will trim about 10,000 jobs, or 9% of the company's workforce, the company said. Most of these positions are part time, the company said. The retailer also will eliminate about 1,200 jobs in business membership recruiting, or about two positions at each of its U.S. warehouse clubs.
January 12, 2010 |
Wal-Mart Stores Inc., the world's largest retailer, said Monday that it would close 10 underperforming Sam's Club stores, including four in California. In the Southland, the warehouse club operator will shut stores in Irvine, La Quinta and Vista. Other closures will include stores in the Sacramento, Houston and Phoenix markets. Spokeswoman Susan Koehler said the stores are scheduled to close Jan. 22. She said she didn't know why so many California locations were affected. "It's not related to the economy," she said.
November 7, 2009 |
With another tough holiday season looming, Wal-Mart Stores Inc. is ratcheting up a price war that could be good for shoppers but has competitors fearing the worst. The world's largest retailer has for years snatched sales from department stores, discounters, supermarkets, electronics sellers and mom-and-pop shops. Its intensive markdowns helped drive chains such as Circuit City and Mervyns out of business over the last year. Now Wal-Mart is using its enormous clout to wrest the advantage during what is expected to be another weak Christmas season.
October 15, 2009 |
Wal-Mart Stores Inc., intensifying competition in the low-cost mobile service market, said Wednesday that it would begin selling prepaid cellphone service starting at $30 a month. The Straight Talk service, which will include an unlimited calling plan for $45, will be available for purchase at more than 3,200 Wal-Mart stores nationwide beginning Sunday. The $30 monthly plan includes 1,000 minutes, 1,000 texts, 30 megabytes of mobile Web access, nationwide coverage and 411 calls at no extra charge.
September 30, 2009 |
After the success of its "10 for $10" toy program last year, Wal-Mart Stores Inc. is expanding its lineup of $10 toys for the holiday season to more than 100 items. The deals are expected to hit store shelves today. The move is the latest in an increasingly heated holiday toy battle as retailers race to attract frugal shoppers. Wal-Mart said it had worked with its suppliers over the last year to offer an assortment of top brands, classic toys and newly released items for $10, including Barbie dolls and Transformers action figures.