sams club

Walmart Increases Compensation, Cites Tax Reform

In what it characterized as a decision to share the benefits of a lower tax rate, Walmart is increasing the starting wage rate for all hourly associates in the U.S. to $11, expanding maternity and parental leave benefits and providing a one-time cash bonus for eligible associates of up to $1,000.

Sam’s Club Names Furner CEO

Sam’s Club will have a new CEO in February as John Furner has been named the company’s new chief executive. He replaces Rosalind Brewer, who is retiring and has served as the warehouse club’s chief executive since 2012.