Business Lee Scott

  • A customer carries a Walmart paper shopping bag

    Wal-Mart must face a class-action lawsuit accusing the world's largest retailer of defrauding shareholders by concealing suspected bribery.

  • Sept 21- Wal-Mart Stores Inc must face a class-action lawsuit accusing the world's largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico, a U.S. judge said. District Judge Susan Hickey in Fayetteville, Arkansas rejected Wal-Mart's contention that a Michigan pension fund had no standing to lead the...

  • It is almost summer but you wouldn't know it by the weather. Next week, the season officially kicks off and the week is expected to be the second coldest, and driest first week of summer in 15 years! Right now the one refrain apparel/retailer CEOs seem to universally repeat is the importance of clearing out inventory over the next few months as stores get ready to restock shelves with back to school items.