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Thu, Feb. 4, 9:27 AM
- Wal-Mart (NYSE:WMT) confirms that it has decided to operate its own gas stations at Supercenters that it builds in the future or aren't under contract with Murphy USA (NYSE:MUSA), reports The Wall Street Journal.
- The decision is expected to impact Murphy USA negatively, although for now the company will still operate at the 1,000 Wal-Mart locations where it built stations. Wal-Mart is likely to squeeze out a little more profit off of fuel sales by starting a proprietary gas program.
- Last week, execs with Murphy USA revealed the new direction of its partnership with Wal-Mart.
- Previously: Murphy USA plans buybacks, branded store investments after Wal-Mart partnership revised (Jan. 25 2016)
Tue, Jan. 26, 4:12 PM
Mon, Jan. 25, 11:24 AM
- Wal-Mart (WMT +1.1%) is knocking out another gain despite broad declines across the retail sector.
- The Bentonville giant is now up 3.4% for the year, compared to the 7.4% decline in the S&P 500 Index and even larger falloffs with broad-based retail ETFs.
- Analysts thinks investors are jumping back into Wal-Mart with visibility cleared up on the company's path for wage increases and store closings in the U.S. Also factoring in, CEO Doug McMillon is seen narrowing the focus of Wal-Mart just enough to take some risk off the table.
Sat, Jan. 23, 2:46 PM
- The economic cost of the blizzard hitting the East Coast could run as high as $850M, according to a forecast from Planalytics.
- The tally includes lost productivity and a lower level of consumer spending over the duration of the storm - even after factoring in the impact of consumers stockpiling from chains such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Wal-Mart (NYSE:WMT), and Kroger (NYSE:KR).
- The storm is broad enough to impact domestic traffic numbers for restaurant chains (MCD, QSR, WEN, CMG, DENN, DNKN, SBUX) and movie theater operators (RGC, CKEC, CNK, AMC).
- The number of cancelled flights tied to the storm is tracking rapidly toward 10K. U.S. airlines (LUV, AAL, JBLU, UAL, DAL) have become more efficient with managing major storms, but will still take a hit to Q1 revenue.
- Looking ahead: Though harsh U.S. winters have lopped off as much as 1% to 2% from retail sales in the past, the 2015-2016 season still sits comfortably in the historical range used by economists when making their projections.
- Previously: Blizzard rally for HD, LOW, BGG, TTC, ACAT, COLM, and BDE (Jan. 22)
- Previously: Storm alert for Shake Shack and Dunkin' Donuts (Jan. 22)
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
Thu, Jan. 21, 7:35 PM
- A judge with the National Labor Relations Board has ruled that strikes by Wal-Mart (WMT +1.7%) workers in 2013 were lawful -- meaning that the company violated federal labor law by disciplining or firing workers who participated.
- The case might have broad implications for companies facing a newer labor tactic: non-union protesters employing sporadic short-term strikes rather than highly organized union walkouts.
- The retailer had argued that it was within its rights to discipline workers for actions it considered illegal intermittent work stoppages.
- Wal-Mart can appeal the ruling within the agency.
Wed, Jan. 20, 2:43 PM
- Wal-Mart (WMT -3.2%) says 1.2M employees will get a raise in 2016 as part of its previously disclosed investment in wages. The pay increases go into effect on February 20.
- The company will pay all workers hired before January at least $10 per hour.
- The wage actions will increase the average hourly rate at Wal-Mart to $13.38 per hour.
Tue, Jan. 19, 8:32 AM
Tue, Jan. 19, 8:15 AM
Fri, Jan. 15, 9:16 AM
- "Today's action follows a thorough review of Walmart's nearly 11,600 worldwide stores that took into account a number of factors, including financial performance as well as strategic alignment with long-term plans," says Wal-Mart (NYSE:WMT) about its store closings. "In total, the impacted stores represent less than 1 percent of both global square footage and revenue."
- 154 locations will be closed in the U.S., including 102 Walmart Express stores. 60 stores are being closed in Brazil; the remaining 55 are "primarily small, loss-making stores in other Latin American markets." Wal-Mart still plans to open 50-60 supercenters and 85-95 Neighborhood Markets in the U.S. in FY17, which starts on Feb. 1. 200-240 international stores will be opened in FY17, and 7-10 Sam's Club stores.
- The news shortly follows a Reuters report stating Wal-Mart has closed about 60 Brazilian stores (over 10% of its local stores). The company previously said it would close "underperforming" stores accounting for 5% of its business in Brazil.
- WMT -1.9% premarket to $61.85. S&P futures are down 2.4%.
- Update: Some more details. The closings are expected to impact ~16K workers, ~10K of whom are in the U.S. Wal-Mart expects a $0.20-$0.22 EPS impact from the closings, with $0.19-$0.20 of the impact in FQ4 (the January quarter). More than 95% of the U.S. stores to be closed are within 10 miles of another Wal-Mart.
Fri, Jan. 15, 8:16 AM
- Wal-Mart (NYSE:WMT) has closed about 60 stores in Brazil (more than 10% of its locations in the country), as part of a restructuring of one of the retailer's most important overseas markets.
- Flavio Cotini, currently the chief financial officer of the Brazilian operations, will become CEO, replacing Guilherme Loureiro, who was named the head of the Mexican business. Cotini is the fourth CEO of Brazil since 2008.
- The shake-up comes three months after Chief Executive Doug McMillon flagged to investors that he was planning to review the company's global operations and "close the stores that should be closed."
- WMT -1.3% premarket
Sat, Jan. 9, 4:28 PM
- Walmex (NYSE:WMT) reports revenue rose 11% to 485.86B pesos ($27.1B) in 2015 to mark its best rate of growth in over ten years.
- Sales for the company's Central American business rose 27% during the year.
- Comparable-store sales for locations in Mexico accelerated during Q4 to help pull up the annual comp to 6.4%.
- Walmex ended the year with 2,357 stores in Mexico and 709 outlets in Central America.
- Full WalMart de Mexico report (.pdf)
Thu, Jan. 7, 10:14 AM
- A large number of retail stocks are defying the global market sell-off to put in strong gains.
- The unexpected strength follows a few store chains reporting solid holiday sales growth, headlined by L Brands with a stellar 8% comp. The underlying story behind the good read may be that $2 gas prices are helping to feed consumer spending at U.S. store chains.
- Gasbuddy.com forecasts gas prices will stay low in the U.S. for all of 2016.
- Notable gainers include Wal-Mart (WMT +2%), Target (TGT +1%), Gap (GPS +2.3%), Fred's (FRED +1.2%), Express (EXPR +1.1%), American Eagle Outfitters (AEO +1.6%), Tilly's (TLYS +2.3%), Urban Outfitters (URBN +4%), TJX Companies (TJX +0.6%), Ross Stores (ROST +1.6%), Kohl's (KSS +2%), Stein Mart (SMRT +4.4%), Citi Trends (CTRN +1.7%), Buckle (BKE +4.8%).
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, FXD, FDIS, RHS, FSTA, RCD, PMR, BITE
Fri, Jan. 1, 4:53 AM
- Dow: NKE +29%; HD +27%; MCD +25%; GE +21%; V +16%.
- S&P 500: NFLX +135%; AMZN +119%; ATVI +90%; NVDA +61%; CVC +54%.
- Nasdaq: NFLX +135%; AMZN +119%; CTRP +104%; ATVI +90%; NVDA +61%.
- Dow: WMT -29%; CAT -28%; AXP -26%; CVX -21%; UTX -18%.
- S&P 500: CHK -77%; CNX -77%; SWN -75%; FCX -71%; FOSL -67%.
- Nasdaq: MU -59%; WDC -47%; STX -47%; VIAB -46%; BBBY -37%.
Dec. 29, 2015, 10:54 AM
- Wal-Mart (NYSE:WMT) is tapped by Morningstar as one of its top defensive picks in the consumer sector.
- Morningstar thinks Wal-Mart's earnings power has been overlooked and points out that the level of investments from Bentonville should start moderating.
- "At 14.5 times trough earnings in fiscal 2017 (calendar 2016), Wal-Mart shares have a lot of pessimism baked in, presenting an opportunity for investors with a three- to five-year time horizon to generate solid risk-adjusted returns," notes Morningstar.
Dec. 28, 2015, 10:31 AM
- MasterCard reports holiday sales rose 7.9% during the holiday season, led by strong growth for big ticket items. The growth rate is much stronger than the 3.7% gain in holiday sales forecast by the National Retail Federation.
- Online sales were up 20% Y/Y during the period which implies some acceleration in December after some Black Friday and Cyber Monday reports disappointed.
- The strong read from MasterCard on top of the volume spike at FedEx adds some weight to the theory that the 2015 holiday shopping season was back-half loaded due in part to a higher reliance on online orders. Warm weather also played a factor by pushing back some apparel buying.
- Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Macy's (NYSE:M), and Best Buy (NYSE:BBY) are seen as potential beneficiaries of the late rush, while Amazon may have captured even more market share.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
Dec. 23, 2015, 5:41 PM
- A few retailers are warning customers that their holiday packages are being delayed and blaming what they say are broader problems at FedEx (NYSE:FDX), according to a WSJ report.
- Officials at Eddie Bauer and Pacific Sunwear (NASDAQ:PSUN) have said this week that FDX is experiencing a backlog that is "delaying standard shipments by several days or even weeks, [and] all online merchants are affected."
- Other retailers, including Wal-Mart (NYSE:WMT), say their orders are shipping normally.
- FDX says it is running operations around the clock to "accommodate additional unforeseen volume from some customers," but that its delivery network is “performing as designed for the forecasted volumes from our major retail and e-tail customers."
- Industry consultants who work with retailers tell WSJ that the networks of both FDX and rival UPS appeared to be at capacity this week, and the companies were enforcing volume limits on some retailers.
Wal-Mart Stores Inc operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam's Club in three categories retail, wholesale and others.
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