Apr. 7, 2014, 7:05 AM| Comment!
Apr. 1, 2014, 7:22 AM| 3 Comments
Mar. 27, 2014, 5:10 PM
- Wal-Mart (WMT) accuses Visa (V) of setting excessive swipe fees in violation of antitrust laws, and wants $5B in compensation.
- The suit comes a week after an appeals court upheld a Federal Reserve-imposed $0.21 cap on debit card swipe fees, in spite of retailer opposition.
- Wal-Mart, Target, and others opposed a $5.7B swipe-fee settlement covering suits from dozens of retailers, arguing the deal won't prevent fees from rising down the line.
- Wal-Mart also accuses Visa and its bank partners of "perpetuating the use" of relatively fraud-prone magnetic stripe cards in lieu of more secure chip/PIN technology (widely used in Europe).
Mar. 27, 2014, 9:03 AM
- Wal-Mart (WMT) discloses it spent close to $439M over the last two years in connection to an investigation on possible foreign bribes.
- For the fiscal year ending January 31, 2014, the company coughed up $282M in relation to the matter.
- Last month, Wal-Mart projected costs of $200M-$240M for FY15 related to the probe.
- SEC Form 10-K
Mar. 27, 2014, 8:12 AM
- Capstone Turbine (CPST) +6.5% premarket as Wal-Mart (WMT) showcases its futuristic truck developed as part of the retailer's sustainability program.
- WMT says "The prototype is the result of collaboration between Walmart and many vendors, including Peterbilt, ROUSH, Great Dane and Capstone Turbine. Almost every component on this vehicle is cutting edge and showcases innovations of the future that will drive increased efficiencies."
Mar. 24, 2014, 1:40 PM
Mar. 21, 2014, 2:12 PM
- Black Friday is back at Wal-Mart (WMT +1.9%) which aims to take a piece of the home improvement business from Home Depot (HD +0.7%) and Lowe's (LOW +0.1%) with today's slashing of prices and expanded offerings in its outdoor living and garden segments.
- In other news, the AP reports Wal-Mart's rolling out of an online tool allowing shoppers to compare its prices on 80K items with competitors.
Mar. 18, 2014, 6:56 AM
Mar. 17, 2014, 9:16 AM
- More than two dozen states are pressuring retail giants to stop selling tobacco products.
- Letters from state AGs went out to Rite Aid (RAD), Walgreen (WAG), Kroger (KR), Safeway (SWY), and Walmart (WMT).
- CVS Caremark isn't in receipt of the request after previously stating it would cease tobacco product sales.
Mar. 13, 2014, 1:20 PM
- Fresh food purchases at grocery stores continue to show higher growth rates than canned, packaged, and frozen food sales, and now account for 30% of all supermarket revenue..
- Organic sellers like Whole Foods Market (WFM -2.8%) account for some of the extra sales, but retail giants such as Wal-Mart (WMT -0.6%), Kroger (KR -0.7%), and Target (TGT -1.6%) are also broadening out their fresh food sections.
- Food companies on watch: SENEA, SENEB, THS, NCRA, CPB, DOLE, MDLZ, GIS, NSRGY, KRFT, TSN, FLO, CAG, DF, PPC, HRL, SJM.
Mar. 11, 2014, 1:30 PM
- Wal-Mart (WMT +0.2%) CFO Charles Holley says the company has seen "very good sales" over the last few weeks.
- The retailer was looking for a bounce after early February traffic was slow due to weather.
- The exec's comments were made at the Bank of America Merrill Lynch 2014 Consumer & Retail Conference (webcast).
Mar. 6, 2014, 10:56 AM
- Sam's Club (WMT) now offers a membership option for online shoppers under its My Subscription pilot program.
- The service gives members the option to order online a wide variety of products.
- Company officials say the program isn't aimed squarely at Amazon Prime.
- Though Sam's gives free shipping to My Subscription members, the program is light on further discounts off of store prices.
Feb. 28, 2014, 9:05 AM
- Wal-Mart's (WMT) plan to open up to 300 Neighborhood Markets and Walmart Express stores this year will have an impact on the dollar store group (DLTR, DG, FDO) as its scale makes it a factor.
- What to watch: The emergence of Wal-Mart will also tee up the question of consolidation in the dollar store sector. Don't look for an acquisition from Wal-Mart (CC wrap), but a thinned-out playing field might become necessary as Wal-Mart pressures retailers on pricing.
Feb. 26, 2014, 7:49 AM
- Plug Power (PLUG) +12.8% premarket after saying it received a multi-site GenKey purchase order from Walmart (WMT) to launch its hydrogen fuel cell solution to power electric lift truck fleets at six North America distribution centers.
- The initial announcement on Feb. 10 had mentioned only a "significant" contract from a "leading retailer."
- The first of six sites are expected to be deployed by Q2 2014.
- FuelCell Energy (FCEL) +2.4% on the news.
Feb. 25, 2014, 6:50 AM| Comment!
Feb. 21, 2014, 8:39 AM| 4 Comments
WMT vs. ETF Alternatives
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.
Other News & PR