Wal-Mart denies report on order cuts; investors unconvinced

Wal-Mart (WMT -1.7%) denies a report that originated with Bloomberg that it's cutting orders, noting the report mistook the normal ebb and flow of orders as a broader corporate strategy.

Despite the pronouncement, a large number of retail stocks are lower as the inventory issue appears to be now teed-up as a Q4 concern.

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Comments (5)
  • tampabay
    , contributor
    Comments (439) | Send Message
    That's what you get for repeating rumors.... is that called "hear-say reporting"?....just wondering...
    25 Sep 2013, 03:30 PM Reply Like
  • micium
    , contributor
    Comments (115) | Send Message
    Are my pants falling down? No, I deny it. (They are just below my waist.)
    25 Sep 2013, 05:16 PM Reply Like
  • micium
    , contributor
    Comments (115) | Send Message
    It's either correct or from an ignorant lower level employee.
    25 Sep 2013, 05:20 PM Reply Like
  • sunsetacres1318
    , contributor
    Comments (5) | Send Message
    Hey, whats the big deal......ups and downs...Walmart is mostly ups!
    25 Sep 2013, 06:13 PM Reply Like
  • hwood007
    , contributor
    Comments (1195) | Send Message
    If I wanted to buy WMT, I would hope this lowered the price a bit and gave me a better buy.
    25 Sep 2013, 07:29 PM Reply Like
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