2 Hired to Overhaul Marketing Leave Their Posts at Wal-Mart
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The departures coincide with slowing sales growth and several marketing stumbles at Wal-Mart, like designer-inspired fashions that have failed to sell.
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Kmart is replacing its president and chief executive with Aylwin B. Lewis, an outsider whose background is in the fast-food restaurant business.
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Wal-Mart is a magnet for employee complaints about off-the-clock work, and faces lawsuits in more than 30 states.
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Three of the nation&#39;s largest warehouse retailers - Wal-Mart, Home Depot and Costco Wholesale Corp. - have much in common: In opening hundreds of new stores, they&#39;ve hired tens of thousands of hourly employees, many of whom have become managers.
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Executives from U.S. retail  giant Wal-Mart toured Indian stores on Thursday as they work on  a deal that could change the face of the country's $300 billion  retail sector and has sparked fears of mass job losses.
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Top-level exits raise tough personal questions for the people left behind, especially those closely aligned with the departing boss.
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Some employees who stand to lose their jobs when Kmart Holding Corp. sells off stores to Home Depot and Sears may get some help when new store owners take over, company spokesmen said Monday.
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Up to 1200 store staff employed by US supermarket operator Kmart face redundancy as Home Depot takes over 13 properties following an early summer agreement.
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Atkins Nutritionals, Inc., the company whose founder created the low-carbohydrate diet craze, is reorganizing and laying off employees as it faces growing competition and a slowing market.
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Andrew Ruben, who built unusual alliances between the retailer and environmental groups, is leaving the job for a new assignment overseeing merchandise.
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The company has decided to leave the public markets.
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Hyundai and CareerBuilder will have new agencies because the incumbents are bowing out rather than try to keep the assignments.
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But trend provokes industry unrest; panel makers call for drop in retail markups to move units. By Evan Ramstad and Gary McWilliams.
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The Wal-Mart executive who tried to dress up the no-frills discount retailer in skinny jeans and sateen bedsheets has resigned, the company said yesterday, after shoppers failed to respond to the trendy new merchandise.
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Wal-Mart Stores Inc. on Monday said vice chairman Thomas M. Coughlin will retire Jan. 24, and his responsibilities will be assumed by a senior management team.
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Wal-Mart Stores Inc. WMT.N, the  world's biggest retailer, launched a national advertising  campaign on Thursday to burnish an image tarnished by  allegations that it discriminates in hiring and promotions and  drives smaller rivals out of business.
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Departure of two anchors comes as television networks face shifts in viewership.