Wal-Mart Launches On-line Pet Store
Bentonville, Ark., Pet supplies are the latest product category to get their own separate section on Walmart.com. Consumers will be able to shop for pet necessities, personalized items and unique gifts for their pets at prices ranging from less than $5 to more than $200.
$3.3 Million Bonus for Lundgren
Cincinnati, Federated Department Stores has given chief executive Terry J. Lundgren a $3.3 million bonus for his 2004 performance. His annual base compensation, not including stock options, is $1.3 million.
Federated’s board approved the bonus on Friday and it was reported in the company’s filing Tuesday with the Securities and Exchange Commission. The board also approved bonuses for 2004 ranging between $1 million and $1.3 million for five other Federated executives.
Lundgren, 52, became president of Federated in 1997, added the title of COO in 2002 and was appointed CEO in 2003.