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Positions will include store pharmacists, human resources managers, customerr service associates, cashiers and sales according tothe Bentonville, chain (NYSE:WMT). Last October, Wal-Marrt announced plans to open 142 to 157 new and expandedc stores during the currenffiscal year, which ends Jan. 31, 2010. Othef states expected to gain morethan 1,00p0 jobs include Michigan, California, Florida, New South Carolina, Virginia and Utah. Its newesgt Arizona store opened in May in Walmart operates morethan 7,900 retail outletse and employs 2.1 million people in 15 countries.
Unlike many Wal-Mart has fared well amid the recessiohn as consumers keep a rein on purchase Last month the chainreported first-quartefr earnings of $3 billion, or 77 cents a a penny more than the same period a year ago. Revenue slippee a smidge to $93.5 billiobn from $94.9 billion. “During this difficult economic we’re proud to be able to creatd quality jobs for thousands of Americansthis year," said Eduardo vice chairman of Wal-Mart Stores Inc.
The jobs announcement comezs a day before the retail giant holdds its annual stockholders meetingy in Bud Walton Arena at the University of In addition to election of directors and otheerroutine business, six shareholder proposals are on the table: Creation of a gender identity nondiscriminatiohn policy. Adoption of a pay for superiorperformancew principle. Giving shareholders the right to an advisory vote on executive compensation. Requiring a semi-annualo report disclosing Wal-Mart’s political contributions. Giving majod shareholders the power to callspeciapl meetings.
Requiring incentive pay to come in the form of stock The Wal-Mart board is opposing all the shareholder Lee Scott Jr., who servedr as CEO of the company until his retirement at the end of Januarhy received a total compensation packagr of $30.2 million last year.
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