Pay Cuts at Bailed Out Businesses; Leading Indicators on Six Mont Tear; Wal-Mart's Modest Approach
Wal-Mart Stores Inc said on Thursday it expects sales to grow 1 to 2 percent in the current fiscal year and 4 to 6 percent next year, with square footage up 4 percent in both years.
Wal-Mart Stores Inc said on Thursday it will keep its conservative approach to U.S. expansion as it pours resources into renovating stores or exploring higher-return investments abroad.
Wal-Mart Stores Inc is offering a new support service to help shoppers set up consumer electronics in their homes, posing a new challenge to rival Best Buy Co Inc.
U.S. stocks turned lower heading toward the close on Wednesday as a drag from Boeing Co and Wal-Mart Stores Inc offset gains in the natural resources sector and reassuring profits in banking and technology.
Wal-Mart Stores Inc's chief executive kicked off a two-day meeting by telling Wall Street that the world's largest retailer has more room to grow, both at home and internationally.
Sears is joining the battle to win book sales, saying on Tuesday that it will give shoppers a credit toward a future purchase if they buy select books on its website or those of Target Corp, Amazon.com and Wal-Mart Stores Inc.
Some store chains are hedging a major bet they made this year by slashing inventories, sometimes as much as 25 percent, to make sure they do not get stuck with a glut of merchandise for a second consecutive year.
Foreman Danny Miranda remembers the days when the Los Angeles and Long Beach, California, ports were so jammed that ships waited in line to unload. Now the lingering recession has longshoremen waiting in line for work.
Wal-Mart Stores Inc's expansion into e-commerce will likely be successful as the company's aggressive price cuts and broad distribution capability may give Amazon.com Inc a run for its money, Moody's Investors Service said on Monday.
Walmart.com is cutting the prices of popular books even before they hit store shelves.
After only three days of sales, Michael Buble's new album topped the Billboard 200 chart, while rock legends KISS finished in second place, the highest album-chart position of their career.
Wal-Mart Stores Inc is expanding an offering of cut-price mobile services nationwide, putting further pressure on rivals such as Leap Wireless International Inc and MetroPCS .
Wal-Mart Stores Inc said on Wednesday it will begin offering two new no-contract wireless service plans at its U.S. discount stores, including a $30 prepaid plan that includes 1,000 minutes.
Walmart.com wants to be the first place U.S. consumers go to when making an online purchase, and its announcement on Tuesday that it will sell health and beauty products will help it reach that goal, its chief executive officer said in an interview.
Wal-Mart Stores Inc's online division said on Tuesday that it is now selling a wide range of personal care items, including diapers, vitamins and over-the-counter medication, for home delivery.
Family Dollar Stores Inc and Costco Wholesale Corp reported better-than-expected quarterly profits on Wednesday and said sales improved in September from preceding months, sending their shares higher.
U.S. retailers probably saw sales decline again in September, signaling weak demand leading into the holiday season that will require chains to sharpen their focus on value.
Leading Mexican retailer Wal-Mart de Mexico is expected to post a strong 15 percent rise in third-quarter profits as it uses promotions aimed at shoppers with little money to spend trying to beat the recession.
U.S. stocks traded slightly lower on Friday, rebounding from early losses, as gains in technology and financial shares helped offset some of the losses brought on by weak monthly employment figures.
Wall Street was set to fall more than 1 percent at open on Friday after a weaker-than-expected labor market report cast doubt about the pace of an economic recovery.
Wal-Mart Stores Inc, the world's biggest retailer, sees a slow recovery from challenging U.S. business conditions, while its Asia operations are a little better, its Chairman Rob Walton said on Friday.