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WMT

Wal-Mart Stores, Inc.

6/20/2013, 6:17 AM ET

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Wednesday, June 19, 8:50 AM More on Wal-Mart (WMT) vs. Amazon (previous): As Wal-Mart pushes harder to compete with Amazon online, a giant albatross hangs around its head with complicated extra layers of distribution adding to its costs. The retailer's online shipping costs come to around $5 to $7 per parcel compared to the $3 to $4 Amazon sees. 3 Comments [Consumer]
Wednesday, June 19, 3:55 AM As it seeks to play catch up with Amazon in online sales, Wal-Mart (WMT) has turned to its store employees to pack and mail items to customers, which the retailer reckons should help it save money and time. The method represents a further integration of Wal-Mart's brick & mortar operations with its Internet business. The latter is run separately and has suffered in the past from not being seen as enough of a priority across the whole company. Comment! [Consumer]
Tuesday, June 18, 1:55 PM Not all consumer staples funds (XLP, FXG, VDC, KXI, PMR) are created equal, according to S&P Capital IQ. Fund managers' weighting toward certain sub-sectors or their willing to invest globally or lean on fundamentals can create varying rates of return in the staples group. If there is some common ground, it's with the propensity of staples favorites Procter & Gamble (PG +0.1%), Coca-Cola (KO +0.5%), Philip Morris (PM +0.2%), and Wal-Mart (WMT +1%) to show up as top ten holdings. Comment! [Consumer]
Tuesday, June 18, 11:16 AM Heard during Wal-Mart's (WMT +0.4%) presentation at the Jefferies Global Consumer Conference: 1) Sam's Club CFO Michael Dastugue notes online channels are picking up as the chain dabbles with more social media promotions. 2) On products trending well, Dastugue notes mattress sales are strong. Should Sealy (ZZ) and Tempur-Pedic (TPX) be worried with Serta and Night Therapy leading sellers at Sam's? 3) The company plans to open 15-20 new and relocated clubs during FY14. 4) New tech initiatives include self checkout kiosks, convertible registers, and scan & go testing. (webcast) Comment! [Consumer]
Friday, June 14, 1:00 PM NutriSystem (NTRI +6.7%) gains after the company says it's ramping up production for its Nutrisystem D 5-Day Jumpstart Weight Loss Kit to meet growing consumer demand. The company also notes that it will also offer the product in 3,700 Walmart (WMT) stores by the end of June. Comment! [Healthcare, On the Move]
Friday, June 14, 9:59 AM Wal-Mart's (WMT +0.1%) arm in Mexico is reportedly considering selling its Vips restaurant business as part of a broader plan to shed non-core assets which are holding down sales growth. Comment! [Consumer]
Thursday, June 13, 5:47 PM Visa (V) is suing Wal-Mart (WMT) to stop the retail giant from seeking more damages, rather than accept a $7.25B settlement Visa and MasterCard (MA) agreed to for card interchange fees. Wal-Mart was one of 19 retailers that said last month it would opt out of the settlement, arguing it would "allow credit card companies and big banks to perpetuate an unfair and broken system that costs all consumers." 10 Comments [Consumer, Financials]
Thursday, June 13, 8:43 AM More on May Retail Sales: As expected the late start to the spring season helped boost the building material & garden equipment category (HD, LOW, SHLD, WMT) as sales improved 0.9% M/M and 10.1% Y/Y. Grocery store sales (KR, SVU, SWY, WFM) were solid during the month, while department store sales (KSS, DDS, JCP, M, JWN) came in a touch light. Comment! [Consumer, U.S. Economy]
Thursday, June 13, 6:42 AM Wal-Mart (WMT) appears to be hiring more temporary workers than full-time workers, according to the results of a Reuters survey. The hiring strategy could help the retailer save money and stem criticism that it's understaffed at certain stores. Another twist is that the practice also reduces health care costs associated with Obamacare. 3 Comments [Consumer]
Wednesday, June 12, 3:30 PM Accenture thinks the number of retail health clinics opening up in store settings like drugstores will double by the end of 2015. Though medical professionals warn about fragmented healthcare, the ease of service and lower costs of the care clinics could keep demand high. It's a trend to watch for CVS Caremark (CVS), Walgreen (WAG), Target (TGT), and Wal-Mart (WMT) as the retailers look to take advantage of expanded health insurance coverage in the U.S. 5 Comments [Consumer, Healthcare]
Monday, June 10, 11:04 AM The sound and fury over Wal-Mart's (WMT -0.3%) scandals in Mexico and Bangladesh didn't amount to much when it came to tallying votes at last week's shareholder meeting. According to voting results released today, CEO Mike Duke was re-elected with 87.9% of the vote, while Robert Walton landed 89.9% and all the other directors were above the 90% mark. Comment! [Consumer]
Friday, June 7, 2:50 PM More from Wal-Mart's (WMT +0.9%) annual shareholder meeting (previous: I, II, III): One of the bright spots from the retailer this year has been e-commerce. Today, CEO Mike Duke noted the company is on pace to record $10B in e-commerce sales this fiscal year which is a level of sales that beats revenue (brick & mortar + online) totals for retailers such as Barnes & Noble and Dollar Tree. The e-commerce projection includes the benefit from a couple of key WMT acquisitions in the space. Comment! [Consumer]
Friday, June 7, 12:17 PM All of Wal-Mart's (WMT +1%) directors were re-elected and all board-backed proposals passed at the company's annual shareholder meeting today. A few protests popped up, but the giant $15B stock buyback and the cavalcade of Hollywood stars on stage dominated the conversation. On tap: Wal-Mart is about halfway into its FQ2 - a quarter which it all but promised would see a bounce related to extra sales delayed from Q1 due to slow tax refunds and tricky weather patterns. Comment! [Consumer]
Friday, June 7, 9:34 AM Wal-Mart (WMT +1.4%) approves a $15B buyback plan. So far, it's the biggest news flowing from the retailer's annual shareholder meeting in Arkansas. (webcast) 5 Comments [Consumer]
Friday, June 7, 7:43 AM Wal-Mart's (WMT) annual shareholder meeting is just beginning in Fayetteville, Arkansas where it's expected to hear from activist shareholders on its role and response to a bribery scandal in Mexico and factory collapse in Bangladesh. What to watch: The company's pace of sales growth trailed some of its peers with low-income spending under pressure in Q1. Look for execs to highlight new growth channels and address concerns on store staffing levels. (webcast) Comment! [Consumer]
Friday, June 7, 6:00 AM Wal-Mart (WMT) is due to hold its annual investors meeting today, when it is set to face serious discontent from heavy hitters such as Calpers and the New York City pension funds. Shareholders are particularly concerned about the Mexico bribery scandal, with investors set to vote against directors over the affair and ask about disciplinary action against those involved. However, given the Walton family's control Wal-Mart, major change is unlikely. 1 Comment [Top Stories, Consumer]

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