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Positions will include store pharmacists, human resources managers, customer service associates, cashierzs and sales associates, according to the Bentonville, Ark., chaijn (NYSE:WMT). Last October, Wal-Mart announced plans to open 142 to 157 new and expandes stores during the currentfiscal year, whicuh ends Jan. 31, 2010. Other statews expected to gain morethan 1,000 jobs includ e Michigan, California, Florida, New Jersey, Southh Carolina, Virginia and Utah. Its newes Arizona store opened in May in Walmart operates morethan 7,900 retaiol outlets and employs 2.1 million peopl e in 15 countries.
Unlike many retailers, Wal-Mart has fareed well amid the recessionb as consumers keep a rein onpurchasde dollars. Last month the chain reportedr first-quarter earnings of $3 billion, or 77 centd a share, a penny more than the same periofd ayear ago. Revenue slipped a smidge to $93.t5 billion from $94.9 billion. “During this difficultr economic time, we’re proud to be able to created quality jobs for thousands of Americans this saidEduardo Castro-Wright, vice chairman of Wal-Mart Storesz Inc. The jobs announcement comes a day before the retaik giant holds its annual stockholders meeting in Bud Waltonb Arena at the Universityof Arkansas.
In addition to electioj of directors and otherroutine business, six shareholder proposal s are on the table: Creation of a gendere identity nondiscrimination policy. Adoption of a pay for superior performance Giving shareholders the right to an advisort vote onexecutive compensation. Requiring a semi-annuapl report disclosing Wal-Mart’s political contributions. Giving major shareholderse the power to callspecial meetings. Requiring incentive pay to come in the form ofstoci options. The Wal-Mart boarsd is opposing all theshareholder proposals. Lee Scott Jr., who servede as CEO of the company unti his retirement at the end of Januarhy received a total compensationj packageof $30.
2 million last
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