Wal-Mart Stories
Was e-Commerce The Real Winner Of Black Friday 2012?
Online sales jumped to a new high during Black Friday - casting doubt on the future of traditional "brick and mortar" retailers.
Wal-Mart’s Black Friday Protests Do Little To Stop Shopping Spree
Despite Black Friday protests, Wal-Mart says it sold 5,000 items a second on Thanksgiving evening, before the big day began.
Black Friday Protests Underscore Long Rivalry Between Wal-Mart And UFCW Union
Wal-Mart says planned protests are union-backed; workers say they're acting on behalf of the company's employees. They're both right.
HDTVs On Sale For Black Friday 2012
HDTVs are one of the most popular Black Friday items, and stores like Best Buy, Wal-Mart and Target are releasing ads for HDTV deals for Black Friday 2012.
Careful What You Wish For: The Big Boys Always Win
The first cardinal rule is, and always has been, the big boys will have their way.
Low-Wage Factory Jobs In Haiti Not 'Perfect' But A Start For Recovery, Clinton Says
The U.S. has invested $124 million in an industrial park in Haiti as part of a project to create local jobs, attract foreign investment and rehabilitate the economy.
Will Western Retail Supermarkets Lift India’s Dalits Out Of Poverty?
The Dalits of India -- the word "dalit" means “oppressed” or “downtrodden" in Sanskrit -- are stuck at the very bottom of the caste hierarchy.
Analysts Expect Decent September Retail Sales As Chains Reveal Stronger Holiday Hiring Plans
With most major retailers hiring more holiday help this year, analysts look to Thursday's monthly sales report with modest optimism.
National Organization for Women Joins Rights Groups Urging Mexico To Confront Wal-Mart On Labor Issues
Nongovernmental organizations want Mexico to push Wal-Mart to come clean about the guest workers in its supply chain.
Retailers Begin Unveiling Annual Seasonal Hiring Numbers
It's that time of the year when retailers operating in the U.S. begin dribbling out statistics on holiday hires, a closely watched batch of communications considered an important economic indicator.
India's 'Big Bang Friday' Reforms Might Just Stick
There were quiet celebrations in the offices of Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy.
India Opens Gates To Foreign Retailers, Broadcasters, Airlines Amid Slowing Economy
The government of India, the world's 10th largest economy by gross domestic product, passed wide-ranging laws on Friday expanding foreign investment in the retail, broadcasting and airline sectors, opening its doors to companies like Wal-Mart Stores Inc. (NYSE: WMT) amid slowing growth.
Facebook, Wal-Mart, Walt Disney Face Fresh Patent Suits From University Of California
Facebook Inc. (FB), Wal-Mart Stores Inc. (NYSE: WMT) and Walt Disney Co. (NYSE: DIS) face fresh patent suits from a University of California patent licensee, which sued some of the biggest U.S. companies previously, Reuters reported.
Flat Burberry Sales Pull High-End Brands Down
After London-based Burberry Group PLC (LON: BRBY) reported flat comparable-store sales for its second quarter, market watchers are trying to digest cross signals in the luxury goods market.
Toys 'R' Us Takes On Amazon With 'Tabeo' - Tablet For Kids
Toys ''R'' Us is introducing a tablet for children, and the new product will not be available online. The Tabeo, as the new tablet is called, can be pre-ordered over the Internet but it is only available in Toys "R" Us stores.
Costco's Shares Touch Record High After Founder Lauds Obama
Costco Wholesale Corporation (NASDAQ: COST) stock price touched an all-time high on Thursday, a day after co-founder and former CEO James Sinegal addressed the Democratic National Convention.
Why India Should Adopt Urgent FDI Reforms
With India's economic growth faltering as a result of weak governance, policy paralysis and opposition to reforms, investors feel the urgent need to push for plans to allow foreign direct investment in financial sector and multi-brand retail trade.
Video Game 'Madden NFL 13' Sells Record 900K Copies In One Day
Electronic Arts Inc. said in a statement Thursday that "Madden NFL 13," the latest iteration of its iconic football video game franchise, sold about 900,000 in its first 24 hours on retail shelves. Citing "internal estimates," EA said the sale was a 7 percent increase from last year's launch, making it the highest-performing launch title for the franchise for the console generation.
Sears, Former American Icon, Will Be Kicked Off S&P 500
Sears Holdings Corp. (Nasdaq: SHLD), which revolutionized retail in the 20th century with its mail order catalogs. will be removed from the S&P 500 Index at the end of Sept. 4, according to Standard & Poor's, after struggling to lure consumers amid the weak economy.
Best Buy Private Equity Bid: Who Has The Bucks For A Big Deal?
Can Richard Schulze, the 71-year-old founding CEO of Best Buy Co. (NYSE: BBY) put his money where his mouth is? Can he fork up billions from private eqiuity behemoths like KKR (NYSE: KKR)?
Money's Winners And Losers: NY Fed And AIG, Gawker Media, Eli Lilly, ZeekRewards, Best Buy, Fisker Automotive
Each week, we pick the biggest, most dramatic, or most interesting winners and losers in money and business. Our picks for Aug. 19-24 include the Federal Reserve Bank of New York and Eli Lilly & Co. on one side, and ZeekRewards and Best Buy Co. Inc. on the other side.
Wal-Mart Pursuing Higher Sales By Expanding Health Care Offerings
Wal-Mart, the world's largest retailer, is expanding its immunization offerings in the U.S. to help lift domestic revenue to levels it is achieving outside the U.S.
Target Vs. Wal-Mart: Target Wins on Pricing, Barely, And Probably Not For Long
After beating market expectations earlier this month with its second-quarter earnings, Target Corporation (NYSE: TGT) has managed to remain competitive against the king of low prices: Wal-Mart Stores Inc. (NYSE: WMT).
Back-To-School, Holiday Season Expected To Be Same Or Better
Unemployment is still well above 8 percent, the cost at the pump is rising and consumers are still wary and cost-conscious, but recent surveys indicate back-to-school buys and the upcoming holiday shopping season will be as good as or better than last year. Still, the theme of the season is cautious optimism.
Kids Vitamins: Get Your Refund Here After $2.1 Million Settlement For False Eye, Brain Health Claims
If you bought kids vitamins featuring Disney and Marvel characters, you're entitled to a refund after the companies peddling the products entered a $2.1 million settlement with the government for making false and unsubstantiated claims.
Wal-Mart Hikes Full-Year Profit Outlook After Strong Fiscal 3Q
Wal-Mart Stores Inc. (NYSE: WMT), the world's largest retailer, said Thursday increased sales from U.S. stores that have been open at least one year plus strong international sales lifted its fiscal third-quarter profit 5.7 percent.
Hold Onto Your Digital Wallets! Google Mobile Payments Faces New Challenger
Wal-Mart Stores Inc [WMT], Target Corp. [TGT], 7-Eleven Inc., and Sunoco Inc. [SUN] are poised to announce their rival to the Google Wallet payment system, which launched on Android powered phones last year, the Wall Street Journal revealed. When it does launch, MCX will join the multi-billion dollar race to develop mobile phone payment systems, which propose to do away with cash and card transactions.
The Great Plastic Robbery Continues: Visa, MasterCard Still 'Ripping Off' US Consumers
The Merchants Payments Coalition (MPC), which represents retailers, says the fees levied on American supermarkets, stores and gas stations by Visa and MasterCard are up to three times more than in other parts of the world, inflating prices for U.S. consumers.
US Retailers Dig Their Own Grave
The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.
Wal-Mart Unhappy With $7.25B Settlement of Retailers' Suit Against Visa, MasterCard
Wal-Mart, in a bid to protect consumers, said it was not happy with the proposed $7.25 billion retailers' settlement with Visa Inc., and MasterCard Inc., over interchange and processing fees to cover credit and debit card payments.