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Wal-Mart Stores, Inc. (WMT)

  • Nov. 29, 2010, 8:23 AM
    Some online retailers jumped the gun ahead of Cyber Monday by offering web promotions on Thanksgiving. Others like Best Buy (BBY), Staples (SPLS), and Wal-Mart (WMT) held 'Cyber Sunday' promotions. But 9 out of 10 retailers will still offer promotions today - up from 75% in 2007, says a survey.
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  • Nov. 29, 2010, 7:23 AM
    Wal-Mart (WMT) confirms it made a formal $2.3B offer for a 51% stake in South Africa's Massmart (MMRTY.PK), and Massmart recommends shareholders accept the deal. The tie-up will speed Massmart's sub-Saharan Africa expansion and give Wal-Mart a strong presence in the region. (previously)
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  • Nov. 26, 2010, 12:15 PM
    Multiple reports on brisk Black Friday shopping this morning (I, II, III), with lines seen outside stores to get at deals even though some stores were open on Thanksgiving. But Mark Hulbert says investors often read too much into the day's action. Retail stocks are picking up a bit: BBY +0.5%, M +0.4%, WMT -0.3%, SHLD -0.4%, TGT -0.6%.
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  • Nov. 24, 2010, 5:16 PM
    Smartphone shoppers will be a major presence in holiday buying this season. A full 28% of the expected $127B that consumers spend online between now and year's end will be facilitated by smartphones and mobile devices. Retailers must adapt or lose money.
  • Nov. 24, 2010, 8:12 AM
    Retailers obviously think free shipping is this season's silver bullet, as Home Depot (HD) joins a growing list of chains offering free delivery on thousands of products.
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  • Nov. 22, 2010, 9:44 AM
    Wal-Mart (WMT +0.2%) says it will match rivals' prices on Black Friday and through the weekend in the battle to win sales on the kickoff of the U.S. holiday shopping season. Retailers are aggressively courting consumers in the hope that holiday spending will prove more robust this year.
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  • Nov. 18, 2010, 12:47 PM
    Wal-Mart (WMT +1.2%) continues its push into the cities with plans to open four stores in Washington, D.C., by late 2012. The stores will be the retailer's smaller-format layout and it says the openings would create 1,200 jobs.
  • Nov. 17, 2010, 6:06 PM
    Best Buy (BBY) takes its cue from Wal-Mart (WMT), offering free shipping on "hundreds of thousands" of items through Dec. 21. The offers are meant to make the retailers more competitive against rivals like Target (TGT) and (AMZN).
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  • Nov. 17, 2010, 8:43 AM
    Wal-Mart (WMT) and South Korea's Lotte Shopping are reportedly among the firms that advanced to a second round of bidding for Indonesian retailer Matahari's hypermarket business. Carlyle Group didn't make the cut in an auction which could bring in as much as $1B. (previously)
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  • Nov. 16, 2010, 10:19 AM
    The rise in cotton prices has been 'terrifying' and could force U.S. retailers like Gap (GPS), J.C. Penney (JCP) and Wal-Mart (WMT) to pay their Chinese suppliers as much as 30% more for clothes. The price hikes, unsurprisingly, will probably be passed along to consumers.
  • Nov. 16, 2010, 7:18 AM
    Wal-Mart (WMT): Q3 EPS of $0.90 in-line. Revenue of $101.2B (+2.6%) vs. $102.3B. (PR)
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  • Nov. 16, 2010, 12:05 AM
    Notable earnings before Tuesday's open: ANF, ARM, DKS, HD, JEC, SKS, TJX, WMT
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  • Nov. 15, 2010, 1:46 PM (AZMN) is down 3.4% amidst worries that Wal-Mart's (WMT) free online holiday shipping offer could eat into its profits. may have a little wriggle room - it hit its 52-week high of $173.37 last Wednesday, and is hiring 15K-plus temp workers for the holidays.
  • Nov. 15, 2010, 11:56 AM
    Japan's a tough retail market, but Wal-Mart (WMT) is looking to add scale there through acquisitions rather than organically. "We do not want to build more retail in Japan," says the company's CEO for Asia, Scott Price. "The last thing Japan needs is more retail space."
  • Nov. 12, 2010, 12:55 PM
    Holders of the longest-maturity corporate bonds are getting throttled by QE2: Thirty-year debt from Northrop Grumman (NOC) has slipped 4.2% in the 10 days since the Fed's announcement, while the same-maturity bonds from Wal-Mart (WMT) have fallen 3.6%. Central bank asset purchases are hurting long-dated debt, "particularly high-quality names that have issued at very tight spreads."
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  • Nov. 11, 2010, 3:30 PM
    An inaugural survey of every-day Wal-Mart (WMT) items turns up a surprising 0.6% price increase over the last two months - or almost 4% Y/Y. If accurate, inflation is already moving above the Fed's target range of 2%. It would also indicate retailers may be able to raise prices while maintaining sales - a bullish signal for the industry.
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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.