Lowe’s CEO’s pay package rose in 2010
According to an Associated Press report, Lowes’ CEO Robert Niblock’s pay package rose to about $12 million in 2010, up 3% from the previous year.
Niblock received a base salary of $1.1 million, but the bulk of his pay came in the form of stock and option grants, according to the article.
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Walmart plans remerchandising campaign
In an effort to recapture lost customers, Walmart will launch a promotional “It’s Back” merchandise campaign next month, according to an article in the Wall Street Journal.
The theme of the in-store promotion will be a remerchandising effort to return a number of items that had been removed from Walmart’s shelves. Fishing tackle, bolts of fabric and other “basic” products will broaden the assortment, ending Walmart’s failed strategy to appeal to more upscale shoppers, according to the article.
Duncan Mac Naughton, the former chief merchandising officer of Wal-Mart’s Canadian business, will oversee the effort as Walmart’s new head merchant in the United States.
Fishing tackle, bolts of
Fishing tackle, bolts of fabric and other “basic” products will broaden the assortment, ending Walmart’s failed strategy to appeal to more upscale shoppers, according to the article. Zubair
When Walmart stated "its
When Walmart stated "its back" It was a hope it related to the days when they supported US Manufactures and prided itself on selling products made in the USA. Walmart it appears are always trying to reinvent themselves. 2 or 3 years ago they "lost thier way" and went back to price and rollbacks, it is assumed that did not work because they tried to woo the upper echelons of our society, presumably they felt everybody else was penniless because they were out of work. It seems the monied blue bloods failed to recognize the opportunities and the guys who have plenty of time on thier hands want to go fishing. Maybe if they just thought about buying more US made products, thier up market idea might have had a chance. Mr. Sam Walton knew a thing or two he bought the products from the folks who were his customers. Walmart has a long way to go before the Chinese start flooding thier stores. God bless America.
Industry Dashboard for April 11, 2011
The Home Channel Stock Roundup shows Tractor Supply Co. lighting up the grid — up 15% from the month and 90% for the year.
Gas prices are high, too — rising to $3.74 per gallon of regular, compared with $3.62 last week.
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