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A Walmart employee stocks shelves in Secaucus, N.J. last year. The company’s recent moves have raised its average hourly pay to over  $17.50. Photo: Seth Wenig/Associated Press…

Stitch Fix Inc. SFIX 6.41% said it is cutting 20% of the company’s salaried jobs, its second major downsizing in the past year, and that its founder would return to lead the personal shopping and styling service. The San Francisco-based company said Elizabeth Spaulding would resign as chief executive after spending less than 18 months in the role. Katrina Lake, who was CEO…

More than two years before a Walmart WMT -1.73% supervisor shot and killed six workers, Walmart Inc. executives investigated employee workplace complaints against him, according to former and current employees. Last month, Andre Bing killed six co-workers and left four others injured before fatally shooting himself at the Chesapeake, Va., store where he worked, police say. The 31-year-old had worked at Walmart since 2010 and was the overnight shift manager. A number of…

Juul Labs Inc. has appointed two new independent directors with expertise in restructuring as the vaping company searches for a financial rescue and prepares for a possible bankruptcy filing. One of the new directors is David Barse, who has helped lead the bankruptcy restructuring of cryptocurrency lending company Celsius Network Ltd. as an independent director. The other is Paul Aronzon, a strategic financial consultant and former co-leader of the global financial restructuring group at Milbank LLP, an…

E-cigarette company NJOY Holdings Inc. has hired bankers to advise on a possible sale, according to people familiar with the matter. The vaping pioneer has clearance from federal regulators to sell its tobacco-flavored e-cigarettes in the U.S., a hurdle that so far has eluded the two biggest e-cigarette brands, Juul and Vuse Alto. A potential deal could value NJOY at up to $5 billion or so, the people said, cautioning that the process is at an early stage and there are no…

Under Armour Inc. UA -6.90% said Patrik Frisk will step down as president and chief executive two years into the job and as the sportswear maker is trying to reignite sales. The Baltimore company named Colin Browne as interim president and CEO, starting June 1, until a permanent successor is named. The departure was described as a mutual separation by an Under…