Wal-Mart Looks to Buy Industrial Bank in Utah
New York City, Wal-Mart Stores Inc. has applied to establish a Utah industrial bank that would allow the world’s largest retailer to process credit-card, debit-card and electronic-check transactions from its retail locations, as opposed to using third-party processors. Wal-Mart applied to the Utah Department of Financial Institutions to acquire the Utah bank. Wal-Mart’s previous efforts to buy a bank proved unsuccessful in California and Oklahoma.
Hundreds of Walgreens Pharmacists Return to Work
Deerfield, Ill., Hundreds of striking Walgreens pharmacists have returned to work in Chicago-area stores. The actual number of pharmacists that have returned to work varies between reports from Walgreens and the National Pharmacists Association union. According to Walgreens, 409 pharmacists or about 36% have returned to work. The union, however, reports 300 pharmacists or about 25% have returned.
The strike, organized by the union, has entered its second week and was called to address staffing shortages and working conditions. Walgreens reported the return of pharmacists has allowed 64 pharmacies to return to their normal hours, including 25 pharmacies that are open 24 hours.
Kohl’s Effects Turnaround With New Brands
Menomonee Falls, Wis., Ayear-long climb on Wall Street, which culminated in a 14.4 % jump in June sales, is due, say analysts, to a host of new clothing lines that have helped drive store traffic and boost sales at Kohl’s.
After 2003-2004 struggles with stagnant fashion sales and excess inventories, Kohl’s made a big investment in brands and rolled out an exclusive string of new apparel names that were more fashion-forward and more popular with shoppers.
Next up for Kohl’s is an expansion of the jewelry and home offerings, as well as a deal to sell clothing under the skateboarder Tony Hawk’s Quicksilver brand and Candie’s brand.