Gig Economy & Retail Stores
Mattel, the maker of Barbie dolls and Hot Wheels cars, is recalling nearly one million toys in the United States today because the products' surfaces are covered in lead paint. According to Mattel, all the toys were made by a contract manufacturer in China.
Is Walmart going green? Mike Duke, the company's CEO, says in a new 126 page report that the company is becoming more sustainable and responsible while "building meaningful, long-term change." Activists disagree. Walmart's "environmental impact has only grown over the last seven years" they say in a counter-report.
But a coalition of children's advocates contends that the hospital went too far by agreeing to name a new emergency department and trauma center after another locally based retailer, Abercrombie & Fitch, in exchange for a $10 million donation.
A battle over Wal-Mart Stores Inc.'s effort to get into financial services might derail the growth of company-owned banks, as well as Utah's ambitions to become to such lenders what Delaware is to corporations.
A new shopping complex in Ohio will try to combine the convenience of online stores with the hands-on experience of browsing at a mall.
Charbel Nahas, the former Lebanese labor minister, is to appear before a court next month on charges of publishing incorrect information, slander and libel over the labor practices of Spinneys, the Dubai-based Middle Eastern supermarket chain.
Skyrocketing energy prices propelled ExxonMobil (XOM) to the top of the 2006 Fortune 500 list, and consigned Wal-Mart (WMT) to the No. 2 spot on the magazine's annual ranking of the nation's largest publicly traded companies.
Berlin's European Film Market became the backdrop for yet another verbal battle between Wal-Mart and its filmmaker nemesis Robert Greenwald on Tuesday. The Greenwald-directed film "Wal-Mart: The High Cost of Low Price" made for hot sales but heated words at the market.
The drop in U.S. demand for high-end jewelry in a slumping economy is having ripple effects around the globe as stores close, workers are laid off in mass in the diamond-polishing factories of Gujarat, and countries like Botswana experience a dramatic drop in diamond revenue.
Shopping in a Target store, you know you're not in Wal-Mart. But, critics say that in terms of working conditions, sweatshop-style foreign suppliers, and effects on local retail communities, big box Target stores are very much like Wal-Mart, just in a prettier package.