Walmart

While members of Congress and the Obama administration continue to point fingers at one another over who’s to blame for allowing taxpayer-supported AIG to pay out millions of dollars in executive bonuses, Wal-Mart this week announced it was awarding $2 billion in extra compensation to about 1 million of its hourly workers in the United States this year, Convenience Store News reported.

The giant retailer is testing smaller supermercado stores and large Hispanic wholesale clubs, as well as customizing its Supercenters for Latino shoppers.

The world’s largest retailer is reintroducing its 16-year-old Great Value private label brand with new packaging and more aggressive marketing.

The new space-saving box provides a glimpse of the cereal aisle of the future.

The seasoned retail executive was formerly EVP and CMO of Safeway.

The new packaging holds three liters and is designed like a real wine barrel.

Grocery and fresh food helped spur comparable-store sale increases at Walmart U.S. and Sam's Club.

We live in interesting times. On the one hand, value retailing is driving price compression, benefitting consumers.