Wal-Mart Stores Inc. reported stagnant same-store sales and cut its earnings forecast for the year.

Target Corp., struggling to rebound from last years hacker attack and a botched Canadian expansion, posted first-quarter profit that missed analysts estimates and cut its annual forecast.

The new executive will help revamp Targets information-security and compliance operations.

Companies including Gap Inc. and Wal-Mart Stores Inc. are caught up in the debate over raising pay.