Walmart

Wal-Mart Stores, Inc. said Friday that its board of directors has elected Mike Duke, currently president of Wal-Mart International, to replace Lee Scott as president and c.e.o., as of Feb. 1, 2009. Duke was additionally elected to the company's board of directors, effective immediately. Scott will remain with Wal-Mart as the chairman of the executive committee of the board.

Retail stock analyst Maggie Gilliam praised the Wal-Mart experimental small format's fresh presentation compared to the Tesco concept.

The retailer said it bought the wind power equivalent to the annual usage of more than 20,000 American homes.

Innovation is adding spice to the salad dressing category.

The new facility, the grocer's 21st, has three exam rooms and a special blood draw station. 

The world's largest retailer said although its renewed focus on low prices was attracting financially squeezed shoppers, it still sees tough times ahead.

The world's largest discounter lately looks to be weathering the economic storm that is crippling some other retailers.

Two long-time Chicago grocery icons are reportedly losing market share to the world's largest retailer as consumer look for more bargains.