retail news in context, analysis with attitude

• Walmart is continuing its price slashing ways, announcing that it will sell 12-pound Thanksgiving turkeys for 40 cents a pound, or about one-third of the average price charged last year for holiday turkeys.

• The US District Court in Las Vegas has given final approval to a settlement agreement by Walmart that will distribute as much as $85 million to current and former employees who had sued the company for denying them rest breaks and requiring them to work off the clock. The settlement is part of a larger $640 million settlement of such claims reached 10 months ago between the retailer and plaintiff workers.
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