Walmart

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Slow Jan. Sales Worry Retailers
Slow Jan. Sales Worry Retailers
Feb 7, 2008 8:46 AM CST

Slow Jan. Sales Worry Retailers

Wal-Mart misses January projections as recession concerns gain momentum

(Newser) - Winter storms and lagging gift-card redemption iced Wal-Mart’s January same-store sales growth, the retailer said, raising concerns the US is in a recession, reports the Wall Street Journal. Wal-Mart expected 2% sales growth in stores open more than a year, but saw sales bump just 0.5%. Its 1....

Hillary Keeps Quiet About Corporate Years

Hopeful heralds her non-profit work over high-paying gigs

(Newser) - Hillary Clinton trumpets her non-profit work on the campaign trail rather than the 15 years she spent representing big companies for a corporate law firm, McClatchy Newspapers reports. She did do much public service work in Little Rock, but also sat on corporate boards (like Wal-Mart's) and battled disgruntled workers...

TV Makers Scoff at Your Puny Recession

Say buyers will continue snapping up flat panels; investors not so sure

(Newser) - Who cares if there’s a recession? The Super Bowl’s on! Even after the worst retailing Christmas in years, the makers of flat-panel, high-definition TVs are confident their trendy product will keep selling, spurred by falling prices and prime tube-watching events like the Olympics. One market-research firm is predicting...

Wal-Mart Stores Going Green
Wal-Mart Stores
Going Green
Jan 24, 2008 3:55 AM CST

Wal-Mart Stores Going Green

Retail giant lays out energy saving initiative

(Newser) - Retail giant Wal-Mart has launched an ambitious blueprint to go green, with plans to cut energy use of many of its products by 25%, and may even begin to sell hybrid cars and provide sustainable energy to charge them, reports the New York Times. Wal-Mart has already sold 145 million...

Wal-Mart Scraps Online Movie Service

Move comes as HP nixes software that supported the site

(Newser) - Wal-Mart shuttered its 10-month-old video download service without fanfare last week, ending a disappointing experiment for the bargain retailer, Reuters reports. The site was scrapped after Hewlett Packard canceled the software that supported it, a Wal-Mart spokeswoman said. HP said it made the move after the market failed to perform...

Retailers Put Brakes on Expansion
Retailers
Put Brakes
on Expansion
Dec 7, 2007 2:15 PM CST

Retailers Put Brakes on Expansion

As economy lags, big chains open fewer stores

(Newser) - America's biggest retailers are beginning to ease up on the construction of new stores, reversing the if-we-build-it-they-will-come trend of recent years, CNNMoney reports. Faced with decreasing sales in a slowing economy, chains such as Wal-Mart, Target, Starbucks, McDonald's, and Walgreen either have cut back on new stores or are considering...

Wal-Mart Shops for Green Cred
Wal-Mart Shops for Green Cred
Nov 25, 2007 6:16 AM CST

Wal-Mart Shops for Green Cred

Critics skeptical as mammoth chain donates to eco groups, reduces energy use

(Newser) - Hoping to soften its image, Wal-Mart is going green, the Washington Post reports. The retail giant is now donating to environmental groups, improving its energy efficiency, and creating the first hybrid shipping truck. Yet some critics say it's a mere cover. "Wal-Mart is willing to spread its money wherever...

Retail Leads Black Friday Rally
Retail Leads Black Friday Rally
MARKETS
Nov 23, 2007 2:34 PM CST

Retail Leads Black Friday Rally

Wal-Mart, Target, JC Penney all gain; Citigroup rebounds

(Newser) - Stocks rose in an abbreviated session today, cutting losses for the week as early-bird Christmas shopping gave reason for optimism. "The fact that Black Friday is not a disaster and is off to a modest but healthy start is just a relief,'' one analyst told Bloomberg. The Dow...

Eagles Enjoy Their Perch Near the Top
Eagles Enjoy Their Perch Near the Top
Nov 17, 2007 10:58 AM CST

Eagles Enjoy Their Perch Near the Top

Henley philosophizes on album's success, Wal-Mart, with CNN

(Newser) - The Eagles' new CD has sat at or near the top of the Billboard charts since its debut earlier this month—not bad for a band that hasn't released an album since 1979. Don Henley discusses the Eagles' approach to the double-disc Long Road Out of Eden with CNN, including...

Bowing to Critics, Wal-Mart Overhauls Health Plans

Retail giant insures less than half of its workforce

(Newser) - Wal-Mart’s reputation for high-cost, low-benefit employee health care has led to battles with politicians, communities, and organized labor. The bad publicity hurt its reputation and, ultimately, its bottom line. Now, reports the New York Times, the nation’s largest private employer has a new prescription for health care, offering...

Clean-Tech Show Draws Eager Investors

Companies of all sizes hope to cash in on growing market

(Newser) - A clean technology conference hosted scores of venture capitalists and private-equity firms looking to cash in on 100 cutting-edge companies. Drawing particular interest was First Solar, which makes solar-energy cells that could soon compete with residential utility prices, MarketWatch reports. The company also signals the sector’s dangers: Its $200...

Popular Toy Recalled Over Toxic Beads

Aqua Dots, made in China, replicate date-rape drug

(Newser) - A popular arts-and-crafts toy made in China is being yanked from stores worldwide after it was found to include a chemical that replicates the effects of date-rape drugs, the Wall Street Journal reported today. At least three children were hospitalized recently in Australia after swallowing beads from the toy, sold...

More People Skipping Basics to Pay the Bills

Analysts shocked as food banks run short, stores adjust prices

(Newser) - More Americans are skipping breakfast and other basics just to pay the bills, the AP reports. With gas hitting highs this year and food prices up as much as 44%, even $35,000-plus wage earners are lining up for food, and food banks report acute shortages. One consultant says he...

Wal-Mart Cuts Prices to Boost Holiday Sales

Second big cut as store tries to woo back low-income shoppers

(Newser) - Wal-Mart is slashing prices on 15,000 more items this week in an effort to capture sales during the holiday shopping season, Reuters reported today. The nation's largest retailer reduced prices two weeks ago on popular toys, and has now discounted 20% more items than in the previous holiday season....

Tech Stocks Bring Market Down
Tech Stocks Bring Market Down
Oct 11, 2007 4:03 PM CDT

Tech Stocks Bring Market Down

Afternoon fall erased earlier gains from Wal-Mart's rosy numbers

(Newser) - After flirting with record highs earlier in the day, the markets were brought down to Earth this afternoon by falling tech stocks. The likes of Google, Yahoo, and Apple retreated after JPMorgan cut its third-quarter forecast for Chinese search engine Baidu.com. The S&P 500 dropped 8.06 to...

Forecasts Down after Gloomy September for Retailers

Nordstrom et al. may have a blue, blue Xmas

(Newser) - Gloomy September reports led retailers to lower third-quarter forecasts, the New York Times reported today. With the exception of Wal-Mart—which raised profit forecasts slightly—big chain stores performed below expectations in September. Among the culprits are the credit crunch, warm weather and unflattering comparisons to last September. Even Wal-Mart...

Note to Dems: Use Health Care to Woo Business

American Prospect says reform key to pilfering GOP support

(Newser) - The GOP is losing its grip on the big-business vote, and Democrats need to seize the opportunity to move in, argues the American Prospect's Paul Waldman. Health-care reform is the perfect peg for the left to woo Wall Street, and with single-payer systems far cheaper than the current mess, wise...

Wal-Mart Era Reaching Its End
Wal-Mart Era Reaching Its End
Oct 3, 2007 8:27 PM CDT

Wal-Mart Era Reaching Its End

Brands and consumers looking beyond the big box

(Newser) - Wal-Mart may be king, but its throne is shrinking: A judge awarded $62.3 million to underpaid workers today, yet another blow to the mega-seller. Big-name brands like PepsiCo are opting for companies like Whole Foods, as rivals lure American buyers and the Internet dwarfs Wal-Mart's 142,000-item stock, reports...

Reno Thrives Although Most Bets Are Off

Tribal gambling hurts city, but Renoans find ways to adapt

(Newser) - Reno's lost billions to Native American casinos, yet the Nevada town is growing again, even thriving. How did Renoans react when Tribal casinos lured away their business? They put up shop as gambling consultants and sold even more slot machines. Now downtown is growing: Developers are free to build without...

Wal-Mart Expands $4 Drug Program
Wal-Mart Expands $4
Drug Program
Sep 28, 2007 2:29 PM CDT

Wal-Mart Expands $4 Drug Program

Retail giant's list of generic meds now includes birth control

(Newser) - A year after launching its $4 prescription drug program, Wal-Mart yesterday added 24 names to its list of 361 generic medications. The company boasts that it now covers more than 95% of treatable common diseases, the St Petersburg Times reports, but critics call the program a publicity stunt and say...

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