OPERATIONS

Report: Congressmen say Wal-Mart CEO was aware of Mexico bribery

BY Katherine Boccaccio

New York — According to multiple reports on Thursday, congressmen Henry Waxman (D-Rep., Calif.) and Elijah Cummings (D-Rep. Md.) have said that Wal-Mart Stores CEO Mike Duke and other senior-level officials at the retailer were informed about allegations of bribery in the retailer’s operations in Mexico in 2005.

The two congressmen cited documentation obtained by their staffs, which discussed allegations of corruption regarding a store in Teotihuacan.

However, a Wal-Mart spokesman said the information was nothing new. “This information has been part of the company’s ongoing investigation of potential violations of the U.S. Foreign Corrupt Practices Act for more than a year and has been the subject of two New York Times articles,” said spokesperson Brooke Buchanan in an e-mailed statement to wire services.

Wal-Mart is investigating allegations that executives in Mexico paid more than $24 million in bribes to speed the retailer’s expansion there.

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FINANCE

Aéropostale posts lower-than-expected holiday sales, cuts outlook

BY Staff Writer

New York — Aeropostale Inc. reported Thursday that sales for the nine-week holiday selling period ended Dec. 29 fell 6% to $645 million. Same-store sales, including e-commerce, dropped 8%.

The retailer has cut its earnings guidance for the fourth quarter.

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STORE SPACES

CarCharging and Walgreens expand EVC services to Midwest

BY Staff Writer

Miami Beach, Fla. — Car Charging Group announced Thursday the expansion of its relationship with Walgreens by adding EV charging services to 11 Walgreens locations throughout Ohio in Akron, Canal Winchester, Columbus, Dayton, Franklin, North Canton, and Reynoldsburg.

In 2012, CarCharging launched the rollout of Walgreens EV charging services at eight locations in Kissimmee and Orlando, Fla.

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