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Wal-Mart Stores, Inc. (WMT)

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  • Oct. 6, 2014, 11:51 AM
    • Wal-Mart (WMT +0.1%) says it will make a deeper dive into offering health insurance to consumers in a new partnership with DirectHealth.com.
    • The company hopes to see the initiative lead to more customers using the acute-care clinics it has set up at hundreds of stores.
    • "Our goal is to be the number one health care provider in the industry," says Wal-Mart U.S. health and wellness exec Labeed Diab.
    | 1 Comment
  • Oct. 6, 2014, 7:57 AM
    • Online grocery store sales will grow to $80B-$123B per year by 2023, according to a presentation by Brick Meets Click.
    • The explosive growth is expected to be led by the popularity of the service in major cities such as New York and San Francisco.
    • Related stocks: KR, SWY, SVU, WFM, AMZN, WMT.
    | 25 Comments
  • Oct. 1, 2014, 6:56 AM
    • Wal-Mart (NYSE:WMT) says it will seek a settlement in the negligence lawsuit filed against it by Tracey Morgan.
    • The actor was injured in a fatal crash involving one of Wal-Mart's trucks which was operated by a driver who hadn't slept for 24 hours and was speeding.
    • Yesterday, the company took a barrage of criticism over comments its attorneys made indicating Morgan was to blame for his injuries for not wearing his seatbelt.
    | 3 Comments
  • Sep. 29, 2014, 1:40 PM
    • Wal-Mart (WMT -0.8%) CEO Doug McMillon has done away with requiring top executives to attend the monthly Saturday morning meetings at an auditorium at the company's corporate headquarters in Bentonville.
    • The action is a little bit of a break from the long-time tradition of creating a pep rally environment around the events.
    | 2 Comments
  • Sep. 29, 2014, 9:08 AM
    • Wal-Mart (NYSE:WMT) adds the co-founder of Instagram to its board of directors,
    • Kevin Systrom becomes the 15th member of the board and will serve on a key e-commerce committee.
    • The exec still runs the daily operations of the photo-sharing juggernaut.
    | Comment!
  • Sep. 25, 2014, 8:26 AM
    • JPMorgan thinks the timing for the new mobile checking account offered by Green Dot (NYSE:GDOT) and Wal-Mart (NYSE:WMT) will be advantageous to both companies.
    • The investment firm notes the initiative could replace Wal-Mart's "stale" pre-paid card program which comes up for renewal next May.
    • Banking analysts think that although Wal-Mart is unlikely to steal a large number of customers from big banks, lower account qualification barriers could help it dominate the unbanked category. Store traffic could also increase with cash registers now also serving as a teller window for deposits.
    • On the Green Dot side of the partnership, industry insiders think the company could benefit as other financial products are rolled out.
    • Shares of Green Dot rocketed 24% higher yesterday off the development.
    | 1 Comment
  • Sep. 24, 2014, 10:36 AM
    • Shares of Wal-Mart (WMT +1.2%) are outpacing market averages after the company discloses details on its national checking account launch in partnership with Green Dot.
    • Though the Bentonville retail giant was denied a traditional entry into banking through a FDIC charter, the Green Dot initiative looks promising to retail analysts.
    • They note Wal-Mart should have a distinctive marketing advantage due to the low-cost nature of the accounts and could benefit from the strength of the brand with older consumers on social security or pensions.
    | 1 Comment
  • Sep. 24, 2014, 9:03 AM
    • Green Dot (NYSE:GDOT) announces the national introduction of its GoBank checking account product at Wal-Mart (NYSE:WMT) stores.
    • The checking account will feature no fees for overdrafts and no minimum account balance requirements. A monthly direct deposit of at least $500 a month is needed to avoid a $8.95 per month service charge.
    • The requirements to open a GoBank account are expected to be less stringent than typical banking requirements which could open the door for the estimated 10M households in the U.S. without a banking account.
    • Funds will be held through the FDIC-insured Green Dot Bank.
    • GDOT +15.1% premarket
    | 6 Comments
  • Sep. 24, 2014, 8:13 AM
    | 9 Comments
  • Sep. 23, 2014, 8:10 AM
    • Halloween spending by consumers in the U.S. is expected to rise to $11.3B this year, according to an estimate from ICSC.
    • Discount stores (DG, DLTR, FDO) and grocery stores (KR, SVU, SWY, WMT, TGT) are expected to keep a lion's share of the costume spend with shoppers indicating price and the ability to touch costumes as the biggest factors in deciding where to shop.
    • Halloween is one of the few calendar events where online has stayed more of a bit player with only an estimated 7% share of purchases.
    | 2 Comments
  • Sep. 23, 2014, 7:07 AM
    • Wal-Mart (NYSE:WMT) has been accused by advocacy groups Public Citizen, Common Cause, and Organization United for Respect of breaking federal campaign-finance laws.
    • The groups contend that Wal-Mart broke the law by asking employees to make a donation to the company's political action committee in exchange for a matching payment to a charity.
    • The Federal Election Committee will investigate the allegation.
    | Comment!
  • Sep. 16, 2014, 6:40 AM
    • Wal-Mart's (NYSE:WMT) Chief Spokesman David Tovar has resigned after the company discovered an almost two-decade-old falsehood on his resume.
    • While conducting a due-diligence screening, the retailer discovered that Tovar never received a bachelor of arts degree from the University of Delaware in 1996.
    • Wal-Mart has confirmed the claim with an academic-records official from the university.
    | 1 Comment
  • Sep. 12, 2014, 2:02 PM
    • Wal-Mart (WMT -0.5%) plans to rebrand all of its Express stores to Neighborhood Market in a move that signals a stronger push into grocery.
    • The new strategy means that Neighborhood Market stores will range in size from 15K to 40K square feet.
    • The company is still testing the smaller Walmart To Go and Walmart On Campus concepts.
    • What to watch: Though there's plenty of retail chains which could be impacted by Wal-Mart's NM push, Gilford Securities reasons that dollar stores (FDO, DLTR, DG) and drugstores (RAD, CVS, WAG) top the list.
    | 7 Comments
  • Sep. 11, 2014, 7:08 PM
    • After moving back above the $100/share level, Apple (NASDAQ:AAPL) is back over the $600B mark in market cap, pushing it nearly $200B above Exxon Mobil (NYSE:XOM), the next largest company in the U.S.
    • XOM is still valued at more than $400B, but Google (NASDAQ:GOOG) at $397B and Microsoft (NASDAQ:MSFT) - which has surged in 2014, adding $74B in market cap to $386B - are closing the gap.
    • Berkshire Hathaway (NYSE:BRK.B) completes the top five with a $339B market cap; no other companies are worth more than $300B.
    • Rounding out the top 20 market caps: JNJ, WFC, GE, WMT, CVX, PG, JPM, FB, VZ, IBM, PFE, KO, ORCL, T, MRK.
    | 43 Comments
  • Sep. 11, 2014, 9:29 AM
    • Retail analysts are duly impressed by the 4.8% comp delivered by Kroger (NYSE:KR) in Q2.
    • Though there's been plenty of talk about Wal-Mart (NYSE:WMT), Target (NYSE:TGT), and even Whole Foods Market (NASDAQ:WFM) grabbing mass market grocery share - Kroger has put up a steady string of turf-defending quarters.
    • KR +2.0% premarket.
    | Comment!
  • Sep. 9, 2014, 9:56 AM
    • Though Family Dollar Stores (FDO -0.1%) seems to have some nervous feet over potential regulatory issues if it were to be acquired by Dollar General (DG -0.4%), there's a case to be made that the deal could fly.
    • Research from Kantar Research indicates that in some markets 90% of Family Dollar customers also shop at Wal-Mart (WMT -0.4%).
    • The data point bolsters the argument that the Bentonville giant should be a consideration by regulators as they examine the competitive implication of a Dollar General-Family Dollar merger.
    • Analysts also think Dollar General could flip the anti-competitive argument around to make the case that a DG-FDO combination would cut into Wal-Mart's dominance in many markets.
    | Comment!
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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.