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Wal-Mart Stores, Inc. (WMT)

- NYSE
  • Nov. 28, 2014, 10:34 AM
    • Shares of Wal-Mart (NYSE:WMT) cleared $88 for the first time before easing back a bit.
    • Earlier today, the retailer gushed about the awesomeness of its level of Thanksgiving Day sales, although some channel checks by analysts indicate store traffic was light compared to a year ago.
    • Online sales appear to be where Wal-Mart is shining.
    • The Bentonville giant may be out-performing other retail chains on the day with its far-flung network of stores making the drop in oil prices a bit more significant.
    • Previously: Online sales sizzle for Wal-Mart on Thanksgiving
    | Nov. 28, 2014, 10:34 AM | 4 Comments
  • Nov. 28, 2014, 7:44 AM
    • Wal-Mart (NYSE:WMT) says 25M people downloaded its Black Friday ad and 20M used local store maps off the Wal-Mart.com website yesterday.
    • The company disclosed that Thanksgiving was its second biggest day of online sales ever to only trail last year's Cyber Monday tally.
    • Hot-selling categories at stores on Thanksgiving included tablets, TVs, sheets, childrens apparel, and video games.
    | Nov. 28, 2014, 7:44 AM | Comment!
  • Nov. 27, 2014, 6:10 PM
    • Black Friday protests are expected at Wal-Mart (NYSE:WMT) stores in major cities across the U.S. tomorrow.
    • Many of the protests will include current Wal-Mart workers.
    • Retail watchers expect the level of participation by Wal-Mart workers to be higher than in past years.
    • The biggest complaint of organized labor groups against the Bentonville giant is over the proportion of Wal-Mart workers earning less than $15 per hour.
    | Nov. 27, 2014, 6:10 PM | 7 Comments
  • Nov. 27, 2014, 1:49 AM
    • As it struggles with slumping sales and tough competition in China, Wal-Mart (NYSE:WMT) has announced that it will cut nearly 30 directors and midlevel managers in the region as part of an overall restructuring effort.
    • Wal-Mart, which has about 400 stores in China, announced last year it would cut stores that were underperforming and restructure its business for further expansion.
    • In the last quarter, Wal-Mart reported an 0.8% drop in China sales.
    | Nov. 27, 2014, 1:49 AM | Comment!
  • Nov. 25, 2014, 2:26 AM
    • Wal-Mart's (NYSE:WMT) Chief Merchandising Officer Duncan Mac Naughton is expected to announce his departure today, after about four years in the position, WSJ reports.
    • Along with the rest of the Wal-Mart U.S. division, Mac Naughton has struggled to boost sales during two straight years of declining shopper traffic at the retailer.
    | Nov. 25, 2014, 2:26 AM | 1 Comment
  • Nov. 24, 2014, 9:22 AM
    • Wal-Mart (NYSE:WMT) adds former American Airlines CEO Tom Horton to its board of directors.
    • Horton will be the retailer's 16th member of the board.
    | Nov. 24, 2014, 9:22 AM | 1 Comment
  • Nov. 20, 2014, 10:45 AM
    • The usual suspects topped a list of the businesses with the most foot traffic in October, compiled by location analytics firm Placed.
    • The top five chains were Wal-Mart (NYSE:WMT), McDonald's (NYSE:MCD), Subway, Starbucks (NASDAQ:SBUX), and Walgreens (NYSE:WAG).
    • Significant movers over the last month include KMart (NASDAQ:SHLD) +9 spots, KFC (NYSE:YUM) +6 spots, Bed Bath & Beyond (NASDAQ:BBBY) -7 spots, and Costco (NASDAQ:COST) -6 spots.
    | Nov. 20, 2014, 10:45 AM | 6 Comments
  • Nov. 20, 2014, 2:41 AM
    • Wal-Mart (NYSE:WMT) says it is no longer matching prices from marketplace vendors or third-party sellers and will limit the list of retailers it matches to 30, including Amazon and Best Buy.
    • The retailer says customers have been using fake listings to obtain discounts and saw fit to tighten its policy.
    • Wal-Mart only began matching online retailers last week in a bid to remain competitive in what has become an extremely promotional shopping environment.
    | Nov. 20, 2014, 2:41 AM | 3 Comments
  • Nov. 19, 2014, 2:27 PM
    • comScore expects online retail spending to rise 16% to $61B during the holiday months of November and December.
    • Desktop spending is forecast to increase 14% to $53.2B, while mobile spending is seen growing 25% to $7.9B.
    • Expectations are high for the retail giants: Last year, Q4 revenue growth at Amazon (NASDAQ:AMZN) easily outpaced the overall level of holiday e-commerce sales. Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) are coming off quarters with +20% growth in e-commerce, while Staples (NASDAQ:SPLS) came in at 9%.
    • Shippers: FedEx (NYSE:FDX) expects an increase of holiday packages of 8.8% this year, while UPS is prepping for a 11% rise.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, RCD, UGE, SZK
    | Nov. 19, 2014, 2:27 PM | 35 Comments
  • Nov. 14, 2014, 1:24 PM
    • There's plenty of debate out on Wal-Mart (WMT -0.4%) after the company issued Q3 results earlier this week.
    • BMO Capital Markets cuts its rating on the retail behemoth to Underperform.
    • Telsey Adivsory Group increased its price target on WMT to $87 from $80 and issued positive commentary on the company's Q3 report.
    • MKM Partners played it down the middle by reiterating Wal-Mart at Neutral and setting a $79 price target.
    • The SA community is also equally split on the buy-hold-or-sell conundrum on Wal-Mart.
    • Shares of WMT are up 4.8% for the week.
    | Nov. 14, 2014, 1:24 PM | 2 Comments
  • Nov. 13, 2014, 11:38 AM
    • Wal-Mart (WMT +3.8%) formally set a policy to start matching the online prices of Amazon.com (NASDAQ:AMZN) and other online sellers.
    • U.S. top exec Greg Foran says half of the stores in the U.S. are already undertaking the practice.
    | Nov. 13, 2014, 11:38 AM | 16 Comments
  • Nov. 13, 2014, 8:05 AM
    • Wal-Mart (NYSE:WMT) doesn't take Q&A during a live earnings call, but did give some insight into Q3 and its outlook for Q4 and beyond in a pre-recorded call.
    • The smaller store format of the Bentonville giant showed promise again in Q3 with comparable-store sales up 5.5% at Neighborhood Market outlets.
    • Management says the 3.5% increase in operating expenses was largely due to health care cost inflation and wage increases. YTD FCPA expenses are at $137M vs. $69M a year ago.
    • E-commerce continues to be a highlight for Wal-Mart, adding a full 20 bps to the overall comp.The company says it remains in a strategic stance over the booming channel.
    • The tone on the holiday season in the U.S. is decidedly cautious. Despite lower gas costs, a trade-down from premium grocery items and the erosion of the home entertainment industry are two drags on sales.
    • "We expect this holiday season to be highly competitive," says U.S. chief Greg Foran.
    • Earnings call transcript (.pdf)
    • WMT +2.3% premarket.
    | Nov. 13, 2014, 8:05 AM | 1 Comment
  • Nov. 13, 2014, 7:16 AM
    • Wal-Mart (NYSE:WMT) reports comparable-store sales rose 0.5% in Q3.
    • International sales + 1.7% to $33.7B.d
    • Revenue at Sam's Club was up 2.3% to $14.39B.
    • E-commerce sales +21% Y/Y during the quarter.
    • Segment operating income growth: Wal-Mart U.S. -1.2%, Wal-Mart International +3.7%, Sam's Club +12.0%.
    • Guidance: The company now sees FY14 EPS of $4.92-$5.02 vs. $4.98 consensus.
    | Nov. 13, 2014, 7:16 AM | 4 Comments
  • Nov. 13, 2014, 7:03 AM
    • Wal-Mart (NYSE:WMT): Q3 EPS of $1.15 beats by $0.03.
    • Revenue of $119B (+2.9% Y/Y) beats by $650M.
    • Press Release
    | Nov. 13, 2014, 7:03 AM | 2 Comments
  • Nov. 12, 2014, 5:30 PM
  • Nov. 12, 2014, 9:30 AM
    • A leaked memo from Wal-Mart (NYSE:WMT) seems to indicate a heightened sense of urgency from the C-suite over its grocery business.
    • Store managers are advised to address food stocking issues and focus on strategies to increase grocery sales.
    • Recent backlash from Wal-Mart employees and managers has included the criticism that stores are understaffed to the point that removing aging produce and stocking shelves has been tricky.
    | Nov. 12, 2014, 9:30 AM | 5 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.