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Wal-Mart Stores, Inc. (WMT)

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  • Dec. 28, 2010, 8:27 AM
    Money continues to flow into China's online sector. Wal-Mart (WMT) leads a group investing $500M in 360buy, China's largest e-commerce electronics seller. 360buy competitor China Dangdang (DANG) recently raised $272M in an IPO. The dominant online retailer is Taobao, owned by Alibaba (ALBCF.PK).
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  • Dec. 27, 2010, 5:13 PM
    Amazon's (AMZN) newly patented returns technology may someday allow recipients of unwanted gifts to exchange them before they've even arrived. If Amazon does roll out the feature, it could change the way everyone sends gifts - so expect a bit of resistance. Amazon closed at -0.2%.
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  • Dec. 27, 2010, 1:42 PM
    Strong online holiday sales boosted search engine revenues, and so, Google (GOOG -0.1%), says Kaufman Bros. Web commerce sites "use search extensively to drive leads and traffic." Kaufman raised its Google Q4 revenue estimate to $6.2B, from $6B, and profits to $8.24/share, over the Street consensus of $8.04/share.
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  • Dec. 27, 2010, 10:26 AM
    On Cyber Monday, Amazon (AMZN -0.5%), sold 13.7M goods globally  - or a record 158 items/second. Amazon says that its third-generation Kindle is its bestselling product ever, excelling even Harry Potter. And many Kindle buyers also own a tablet PC for games and web browsing, says CEO Jeff Bezos. (PR)
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  • Dec. 27, 2010, 10:02 AM
    Wal-Mart (WMT) is once again lobbying aggressively to build a store in New York City, but even Wal-Mart fans aren't sure the mega-chain belongs in the city.
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  • Dec. 22, 2010, 10:52 AM
    Sales at Sears (SHLD) lag its major competitors, and many of the company’s 2,200 Sears and Kmart stores are run-down and in undesirable locations, according to a NYT profile. Many stores are in older malls, and Sears has invested much less in store improvements than Macy’s (M), Target (TGT), Wal-Mart (WMT) or J. C. Penney (JCP).
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  • Dec. 20, 2010, 3:44 PM
    Resurgent online sales are allowing web retailers to be choosier about their discounts. As buyers grew more comfortable shopping on the web, online sales grew 12% this holiday season, to $27.5B. This means the end of broad discounts, and the rise of 'laser-beam promoting.'
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  • Dec. 15, 2010, 1:01 PM
    Wal-Mart (WMT -0.6%) has been hiking toy prices, as stores receive directives to mark up some 1,800 types of toys as soon as possible to take advantage of holiday shopping - which might back up CEO Mike Duke's call for positive same-store sales this quarter after six straight drops. Wall Street Strategies downgraded WMT to Sell today.
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  • Dec. 13, 2010, 9:45 AM
    After failing in earlier efforts to enter the New York City market, Wal-Mart (WMT) is in advanced talks with politically powerful construction unions over a deal to build stores with unionized workers. In a divide-and-conquer strategy for labor, Wal-Mart could use union laborers to build new stores here while still using non-union retail workers to staff them.
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  • Dec. 13, 2010, 7:52 AM
    Troubled grocer A&P (GAP) filed for bankruptcy yesterday, unable to handle both its heavy debt load and growing competition from low-price rivals like Wal-Mart (WMT) and Shoprite (SRHGY.PK). The company doesn't have a prearranged restructuring deal in place with creditors.
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  • Dec. 13, 2010, 7:34 AM
    Perhaps still smarting from the merger of two of Russia's largest grocery chains, Wal-Mart (WMT) is closing its Moscow business office, though it's still open to acquisitions in the country. Wal-Mart is leaving amidst a wave of foreign investment aimed at the emerging Russian consumer.
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  • Dec. 10, 2010, 10:38 AM
    Great Atlantic & Pacific (GAP -57.9%) may file for bankruptcy in the coming days to restructure debt, Bloomberg reports. The once-dominant grocery store chain founded in 1859 has struggled to compete with discounters such as Target (TGT) and Wal-Mart (WMT), and has been the subject of bankruptcy rumors in the past.
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  • Dec. 7, 2010, 9:20 AM
    Tesco (TSCDY.PK), the world's third largest retailer, reports 3rd quarter sales increase 8.2%, but the story is Asia, where a jump of 23.4% offset sluggish growth in the U.K. Tesco's two larger rivals, Wal-Mart (WMT) and Carrefour (CRERY.PK) are also looking overseas for growth.
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  • Dec. 6, 2010, 5:30 PM
    Pyaterochka and Kopeika, two of Russia's largest grocery chains, are merging in order to prepare for competition against Wal-Mart (WMT). Wal-Mart has been trying to enter the Russian market for some time, including a failed attempt at buying Kopeika.
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  • Dec. 6, 2010, 11:50 AM
    The Supreme Court will hear an appeal from Wal-Mart (WMT) in the nation's biggest-ever employment discrimination case - one dating to 2001 and involving billions of dollars in claims - though the key decision is in whether it qualifies as a class action, which should affect antitrust, product-liability and other cases, and slow dockets this year in the meantime.
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  • Dec. 3, 2010, 10:38 AM
    Stubbornly high unemployment, stalled aggregate income, and stagnant hourly earnings - taken together, gains in November sales came at the expense of household savings. Overall, the latest jobs report does not bode well for strong consumption growth through the holiday season. Retail stocks slide: WMT -0.5%, TGT -1.2%, GPS -2.2%, M -2.7%, BIG -3.6%.
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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.