Company Profile:

Wal-Mart Stores Inc

Wal-Mart has laid off 100 employees at its headquarters and eliminated 300 unfilled positions.

The world's largest retailer, which employs 11,000 at its Arkansas headquarters and 1.2 million in the United States and abroad, hasn't had any layoffs at its home office since 1995.

Wal-Mart spokesman Tom Williams said the cuts came as part of a periodic review of how the company can trim expenses.

Williams said the slowdown in the economy played a role in the cuts.

In June, Wal-Mart reported a 6.9 percent gain in same-store sales, outpacing many retailers. Shares of Wal-Mart were up 88 cents, or 2 percent, to $53.98 in afternoon trading on the New York Stock Exchange.

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