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Wal-Mart Stores, Inc. (WMT)

  • Oct. 31, 2013, 10:06 AM
    • Wal-Mart (WMT -0.2%) is set to announce three new domestic manufacturing commitments at a press conference in Washington D.C. later today, reports Reuters.
    • The development falls in line with a large company goal of promoting its "Made in the USA" initiative.
    | Oct. 31, 2013, 10:06 AM | Comment!
  • Oct. 29, 2013, 11:14 AM
    • Wal-Mart (WMT +0.4%) says it will promote 25K workers in a calculated effort to combat the image that it underpays its employees.
    • Ceremonies starting at stores across the country involve store employees being given added responsibilities and increased wages.
    | Oct. 29, 2013, 11:14 AM | 4 Comments
  • Oct. 27, 2013, 10:12 AM
    • Economists forecast a delayed report on September retail sales will show no change in purchases as spending on automobiles stalled just a bit during the month amid federal shutdown concerns.
    • Though there has been a cautionary tone from analysts on retail all-stars such as Home Depot (HD), Lowe's (LOW), Gap (GPS), and Macy's (M) - retail sales ex-auto are pegged to poke out a 0.4% gain during September as some sectors have held up.
    • Looking ahead, a report from Deloitte suggests that retailers with solid 'buy online and pick up in store' programs could resonate with consumers this holiday season. Target (TGT), Wal-Mart (WMT), Best Buy (BBY), and Staples (SPLS) come to mind.
    • Previous: October U.S. Auto Sales preview
    • Related ETFs: XRT, PMR, RTH, VDC.
    | Oct. 27, 2013, 10:12 AM | Comment!
  • Oct. 25, 2013, 10:02 AM
    • Procter & Gamble (PG -0.6%) CFO Jon Mueller struck a confident tone on the company's short-term prospects during an interview on CNBC.
    • The exec said earnings are on track and the company could even hit the "top end" of FY14 forecasts if it maintains profit growth. (video)
    • On the earnings call, Mueller said P&G made volume gains in North America even with its level of promotions lower than a year ago. (webcast)
    • Side note: Does the decent reading from P&G in N.A. bode well for Wal-Mart (WMT -0.1%) which sells a fair share of the company's products?
    | Oct. 25, 2013, 10:02 AM | Comment!
  • Oct. 24, 2013, 1:01 PM
    • The IRS will push back the start of the tax filing season by one to two weeks due to the government shutdown.
    • The delay could curtail consumer discretionary spending in Q1 and perhaps beyond, according to analysts.
    • Last year when refunds were also delayed, several major retailers including Wal-Mart (WMT +0.2%) noted they did not recover as much of the tax refund spending down the road as they forecast.
    | Oct. 24, 2013, 1:01 PM | Comment!
  • Oct. 24, 2013, 7:41 AM
    • Wal-Mart (WMT) says it will start a rationalization process in China during which it will open new stores and close existing ones for strategic reasons.
    • The company plans to open 110 new facilities in the nation and close 15 to 30.
    • The big picture: The rather small retail footprint Wal-Mart has in place in China pales in comparison to its lofty e-commerce goals for the region.
    | Oct. 24, 2013, 7:41 AM | Comment!
  • Oct. 18, 2013, 7:07 AM
    • A probe into the local investments by Wal-Mart (WMT) in India has been referred to the central bank, according to local officials.
    • The decision may have influenced by politicians after the Finance Ministry cleared Wal-Mart of FDI violations earlier this week.
    • Related: Wal-Mart ends JV in India.
    | Oct. 18, 2013, 7:07 AM | Comment!
  • Oct. 17, 2013, 7:00 AM
    • An investigation by the Indian government into the practices of Wal-Mart (WMT) concludes the company made no violations in relation to investments it put into a local supermarket chain in 2010.
    • The determination isn't expected to change Wal-Mart's decision to end a joint venture in India with Bharti Enterprises.
    | Oct. 17, 2013, 7:00 AM | Comment!
  • Oct. 16, 2013, 10:45 AM
    • Wal-Mart (WMT +1%) will close about 25 retail stores in China in order to focus on the "healthy" core the company has set up in the nation.
    • The retailing giant is still pushing forward with a three-year 100-outlet store expansion, but is reworking its strategy around building a more consistent brand image.
    | Oct. 16, 2013, 10:45 AM | Comment!
  • Oct. 16, 2013, 9:18 AM
    • Kenyan retailer Naivas says it won't sell a stake to Wal-Mart (WMT) subsidiary Massmart after deciding the time is not ripe.
    • Massmart was negotiating to buy a controlling interest in the company to help give it a much larger presence in east Africa.
    | Oct. 16, 2013, 9:18 AM | Comment!
  • Oct. 15, 2013, 2:35 PM
    • Wal-Mart (WMT -0.4%) says it will offer free shipping on all online orders over $50.
    • The aggressive initiative could put a little pressure on Amazon (AMZN -1.4%) and Target (TGT -0.9%) to come up with more online incentives of their own.
    • Investor meeting webcast
    | Oct. 15, 2013, 2:35 PM | 2 Comments
  • Oct. 15, 2013, 10:41 AM
    • Wal-Mart (WMT +0.6%) executives says the company has made "significant progress" in reducing long-term costs in the U.S., China, and Latin America.
    • While acknowledging the tough retail environment in the U.S., and indicating it's not satisfied with sales, no concrete guidance on Q4 is issued by Wal-Mart.
    • The retailing giant says it will continue its self-checkout initiative. By the end of 2013 close to two-thirds of all stores will have the option.
    • Webcast
    | Oct. 15, 2013, 10:41 AM | Comment!
  • Oct. 15, 2013, 9:29 AM
    • Execs with Wal-Mart (WMT) are painting a bright picture during their presentation at an investment community meeting.
    • Early in the full-day agenda of speakers from the company the common refrain is that e-commerce and the format of smaller stores will help drive growth in the U.S. while superstores aren't going away.
    • CEO Mike Duke also highlighted the lower construction costs the company is realizing.
    • The key question on where U.S. comparable store sales growth stands hasn't been addressed yet.
    • WMT -0.7% premarket.
    • Webcast
    | Oct. 15, 2013, 9:29 AM | 1 Comment
  • Oct. 9, 2013, 1:55 AM
    • Wal-Mart (WMT) is ending its Indian joint venture with Bharti Enterprises after six years.
    • Wal-Mart will buy Bharti's 50% holding in Bharti Wal-Mart, which operates 20 wholesale stores under the Best Price Modern Wholesale brand. Bharti will acquire compulsory convertible debentures that Wal-Mart holds in Bharti-owned Cedar Support Services.
    • The move doesn't come as total surprise given the speculation that Bharti wanted out. Wal-Mart has held back from further investment and store openings in India due to regulations, especially those to do with sourcing.
    | Oct. 9, 2013, 1:55 AM | 2 Comments
  • Oct. 7, 2013, 7:34 AM
    • Wal-Mart (WMT) continues to emphasize that it will buy more goods from companies which manufacture in the U.S.
    • Though analysts think the retailing giant is about the only company that could move the needle with the U.S. trade gap, even Wal-Mart's promise to increase the amount of goods it buys from inside the U.S. by $5B a year works out to less than 1% of the trade deficit.
    | Oct. 7, 2013, 7:34 AM | 1 Comment
  • Oct. 6, 2013, 2:09 AM
    • Wal-Mart (WMT) is looking at acquisitions in China, says Asia chief Scott Price, adding that he feels better about the company's operations in the country now than he did a year ago.
    • Scott also notes that comparable sales in Japan have grown for four years in a row.
    • However, Wal-Mart's Indian operations aren't so hot. The firm has held back from further investment and store openings, due to regulations, especially those to do with sourcing. Price says Wal-Mart is in talks with local partner Bharti Enterprises about their plans. The relationship is good, he insists, despite reports that the latter wants out.
    | Oct. 6, 2013, 2:09 AM | 2 Comments
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Company Description
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.