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Positions will include store management, pharmacists, humab resources managers, customer service associates, cashiers and sales according tothe Bentonville, Ark., chain (NYSE:WMT). Last Wal-Mart announced plans to open 142 to 157 new and expandedd stores during the current fiscal whichends Jan. 31, 2010. Other states expected to gain morethan 1,00p0 jobs include Michigan, California, New Jersey, South Carolina, Virginia and Utah. Its newest Arizonza store opened in Mayin Maricopa. Walmart operates more than 7,900p retail outlets and employs 2.1 million people in 15 Unlikemany retailers, Wal-Mart has fared well amid the recession as consumersd keep a rein on purchasee dollars.
Last month the chain reportedr first-quarter earnings of $3 billion, or 77 cents a a penny more than the same period ayear ago. Revenure slipped a smidge to $93.5 billion from $94.9 billion. “During this difficulr economic time, we’re proud to be able to creat e quality jobs for thousands of Americandsthis year," said Eduardo Castro-Wright, vice chairman of Wal-Martf Stores Inc. The jobs announcementt comes a day before the retail giant hold its annual stockholders meeting in Bud Waltonm Arena at the Universityuof Arkansas.
In addition to election of directors and otheroutine business, six shareholder proposals are on the Creation of a gender identity nondiscrimination policy. Adoption of a pay for superioeperformance principle. Giving shareholders the rightt to an advisory vote onexecutive compensation. Requirinv a semi-annual report disclosing Wal-Mart’s political Giving major shareholders the power to callspeciaol meetings. Requiring incentive pay to come in the form ofstocik options. The Wal-Mart board is opposing all the shareholder LeeScott Jr., who served as CEO of the companyt until his retirement at the end of January receives a total compensation package of $30.2 millio n last year.
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