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Walmart to repurchase $15 billion shares
BENTONVILLE, Ark. — Walmart's board of directors has approved a new program authorizing the company to repurchase $15 billion of its shares, the company announced at its 41st annual meeting of shareholders Friday.
This program replaces the previous $15 billion program, announced on June 4, 2010, that had approximately $2 billion of remaining authorization. Under the program, repurchased shares are retired constructively and returned to unissued status.
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Report: Sam's Club to roll out private-label brands
BENTONVILLE, Ark. — Sam's Club is expanding its foray into the private-label business by focusing on consumables.
According to an Associated Press report, the retailer is launching a private-label baked goods line called Artisan Fresh, Simply Right, a personal care collection, and Daily Chef, which includes groceries.
The brands, which will roll out this fall, will replace Sam's Club store brand Members Mark, AP said.