Drop in US energy use drags stock market low... Nov 13, 2009
Wal-Mart Stores Inc. reported third-quarter earnings that beat analysts' expectations, though sales at stores open at least a year dropped during the quarter. The nation's biggest retailer said sales at existing stores would range from a drop of 1 percent to a gain of 1 percent in its fourth quarter. (San Diego Union-Tribune)
Soprano family values Nov 12, 2009
Many Wal-Mart stores will stay open from Thanksgiving Day through Black Friday to avert the tragic accident last year when an employee was trampled to death on L.I.. Rare photographic portrait of Michael Jackson as a young man up for auction Thursday. (Yahoo News -- The Sopranos)
Stocks rise as dollar continues to weaken Nov 12, 2009
Investors will be looking for signals about the economy Thursday when Wal-Mart Stores Inc. as well as the department store chains Kohl's Corp. and Nordstrom Inc. post quarterly numbers. Walt Disney Co. is also slated to report. (San Diego Union-Tribune)
Senate candidates disclose assets Nov 12, 2009
Pagliuca s investments are spread throughout a wide array of energy, technology, and retail companies, ranging from AT&T Inc., Microsoft Corp., and Wal-Mart Stores Inc. to Coca-Cola, Burger King, and Domino s Pizza. He also reported that at least $17 million in assets are independently held by his wife or children. (Boston Globe)
Rants and raves Nov 12, 2009
A RAVE TO NBC AUGUSTA and Jay Jefferies for having a drum-athon around the CSRA area at different Wal-Mart stores. THE LOUD TRAIN horns enhance the Augusta ghetto effect. (The Augusta Chronicle)
Ohio asks for federal help to fight bedbugs Nov 12, 2009
Wal-Mart Stores Inc., the world's largest retailer, asked its suppliers in 2006 to phase out products made with Propoxur. But Propoxur may be worth revisiting because bedbugs are becoming resistant to many products used today, said Richard Pollack, a public health entomologist at Harvard University in Boston. (FOX19.com, OH)
Americans May Be Settling Into Spending Less Nov 12, 2009
A parade of earnings reports due Thursday and Friday from Wal-Mart Stores Inc., Nordstrom Inc., Kohl's Inc. and J.C. Penney Co. will offer a more textured read on consumers' recent spending. Having cut their inventories and other costs, stores are expected to report solid profits. (ABC News -- Wire)
Reynolds: I laundered $12B for Petters Nov 10, 2009
Earlier in the morning Monday, an official from Wal-Mart Stores Inc. testified that the company did some deals with Petters in the 1990s, though by the time the deals were over, Petters owed Wal-Mart money due to product returns and other problems. kgrayson@bizjournals. (Twin Cities Business Journal, MN)
Wall Street awaits stores reports this week Nov 10, 2009
Wal-Mart Stores Inc., the nation's biggest retailer, has seen an influx of price-conscious shoppers and is expected to announce higher third-quarter earnings on Thursday. Last month, the discount retailer said it expects sales to grow this year and increase at a faster pace next year. (MSNBC -- Business)
Oil Prices Near $79 Over Hurricane Threat Nov 10, 2009
Investors will be eyeing third-quarter earnings reports this week from retailers such as Wal-Mart Stores Inc., Abercrombie & Fitch Co., Macy's Inc. and JC Penney Co. for clues about the strength of consumer spending. In other Nymex trading, heating oil rose 2. (Click2Houston, TX)
Home Court Showdown at the Supreme Court Nov 10, 2009
Wal-Mart Stores Inc., for example, is considered an Arkansas corporation even though it has substantially more business and employees in Texas. Under the 9th Circuit's approach, Wal-Mart could never remove state lawsuits to federal courts in Texas, but could remove cases to federal court in Arkansas. (Law.com)
Click to read:Stocks Hit New High for 2009 Nov 10, 2009
J.C. Penney Co., Macy's Inc. and Wal-Mart Stores Inc. are among the stores expected to post quarterly results this week. Among enegy stocks, Exxon Mobil Corp. rose 69 cents to $72. (CBS News)
Holiday gift guide Nov 9, 2009
Wal-Mart Stores Inc. is upping the ante heading into the holiday season, trimming the online preorder prices of some upcoming DVDs following last month's price cut on books. Resource guide. (MSNBC -- Technology)
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The mascots make appearances at area Wal-Mart stores to promote Frito Lay products. They visit with customers and pose for photos. (7 KETV Omaha)
S&P 500 Composite Q3 Earnings Seen Down 15% Nov 8, 2009
SComposite Q3 Earnings Seen Down 15% (Walt Disney Co. (DIS), Ford Motor Co. (F), Wal-Mart Stores Inc. (WMT), (US254687), (US345370), (US931142)) at SmartMoney ... Next week, two components of the Dow Jones Industrial Average--Walt Disney Co. (DIS) and Wal-Mart Stores Inc. (WMT)--are among the 18 S&P 500 companies that will report. (SmartMoney)
Stocks Eye Retailers as Jobless Ranks Swell Nov 7, 2009
Comments from Wal-Mart Stores Inc , the world's largest retailer, as well as from a host of smaller stores, will be of vital importance to investors trying to judge the recovery's pace. "The best way of gaining an insight into the consumer is from hearing from the companies that sell to them," said Peter Boockvar, equity strategist at Miller Tabak New York. (ABC News -- Business)
Stocks post modest gains as job losses slow Nov 7, 2009
However, earnings reports from retailers including J.C. Penney Co., Macy's Inc. and Wal-Mart Stores Inc. will give investors more insight into how consumers are likely to behave in the coming months. Walt Disney Co.'s earnings may also provide clues about consumers. (San Diego Union-Tribune)
Witness: Petters schemes dated to 1990s Nov 7, 2009
Ronald Breckner approached Petters about the issues, saying he wanted to call Wal-Mart Stores Inc., one of the retailers that was allegedly purchasing goods. Ronald Breckner said Petters got really violent about it. (Twin Cities Business Journal, MN)
Generic Drugs' New Frontier Nov 7, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
Subway and the Accidental Hero Nov 7, 2009
"People are not eating out as much anymore, so anything that brings people together through food is much more compelling nowadays," says Michelle Barry of the Hartman Group, a Seattle consultancy that employs anthropologists and sociologists to ferret out consumer perceptions for such companies as Kraft Foods () and Wal-Mart Stores (). Page. (BusinessWeek)
Demand for cold cereal warms Asheboro economy Nov 7, 2009
The statistics don t include data from Wal-Mart Stores Inc., which sells Malt-O-Meal products. Sales for many grocery categories are growing at high single-digit rates, but cereal is lagging, Rick Shea, president of Chanhassen, Minn. (Business Journal of the Greater Triad Area)
>MORE BUSINESS NEWS Nov 7, 2009
Wal-Mart Stores Inc. started another price war Thursday, trimming the online preorder prices of some upcoming DVDs following its price cut on books last month. And, once again, competitors Amazon. (Tampa Bay Online, FL -- Money)
October sales continue climb Nov 6, 2009
October's reading excludes results from Wal-Mart Stores Inc., the world's largest retailer, which stopped issuing monthly sales reports earlier this year. Business was helped by a number of factors. (San Francisco Chronicle -- Business)
October Sales Offer Relief To Merchants Nov 6, 2009
October's reading excludes results from Wal-Mart Stores Inc., the world's largest retailer, which stopped issuing monthly sales reports earlier this year. Sales at stores open at least a year are considered a key indicator of a retailer's health because they exclude the effects of store expansion. (Click2Houston, TX)
October sales promise a bit of relief to stores Nov 5, 2009
The figures exclude Wal-Mart Stores Inc., which stopped reporting monthly sales after reporting April results. Retail Metrics' Perkins raised his projection to a 2 percent gain, up from 1. (Albany Times Union)
Hot Stocks Leave Me Cold After October's Slump Nov 2, 2009
Wal-Mart Stores Inc. offering best-selling books below $10 is just one example. I peg Amazon as a market performer or worse over the next three years. (Bloomberg -- Columnists)
Winn-Dixie quarterly loss widens; shares fall Nov 1, 2009
Wal-Mart Stores Inc (WMT.N) recently put considerable pressure on grocery stores and discount retailers, when it announced its plans to cut prices each week during this holiday season. Last week, Winn-Dixie's larger rival Supervalu Inc (SVU.N) slashed its quarterly dividend and gave a weak full-year profit forecast, hit by a fierce price war among food sellers. (Yahoo News -- Pharmaceutical Industry News)
Bartow Native Joins Jax Government Relations Firm Nov 1, 2009
Before joining Triadvocates, Ms. Wallace served as staff assistant for Wal-Mart Stores, Inc., in its federal government relations office. As a college student, she interned in the office of Congressman Adam Putnam (FL-12) and the Washington office of Miami-based Tew Cardenas in 2005. (Bartow Polk County Democrat, FL)
Suit Claims That Redbox Charges Late Fees Despite Promise Not to Oct 31, 2009
Redbox, which was founded in 2002, rents DVDs through 17,000 kiosks nationwide via venues including Wal-Mart Stores Inc. and McDonald's Corp.. Laurie Piechur, a resident of St. Clair, Ill. (Law.com)
New owners in aisle seven Oct 31, 2009
Dyer said his other four stores in Kansas also compete against Wal-Mart stores and his approach will be very similar to Hasley s when it comes to competing. We re going to make sure we run a good, well supplied store with good prices, Dyer said. (Fremont Tribune, NE)
Smithfield: Not Living So High on the Hog Oct 30, 2009
He has also closed five plants and pushed salespeople to get more of Smithfield's smoked bacon, ham, and baby back ribs into retailers such as Wal-Mart Stores () and restaurants like McDonald's () and Applebee's (). Instead of selling processed pork almost at cost to move product, Pope has also insisted on the simple goal of getting 10 cents of profit per pound. (BusinessWeek)
Jessica book sales fall short Oct 30, 2009
Wal-Mart Stores Inc is now catering to its shoppers' needs from cradle to grave. Most of us realize that NYC's condo boom is over. (Yahoo News -- Jessica Lynch)
Sears to offer a month of Black Friday Oct 29, 2009
Meanwhile, Wal-Mart Stores Inc. is already advertising its selection of holiday toys for under $10, and Amazon Inc., Target Corp. and Wal-Mart are all going head-to-head slashing down prices on yet-to-be released hardcovers that are for sale on their Web sites. At best, economists expect holiday sales to be flat from a year ago, when businesses recorded their biggest declines in at least four decades. (MSNBC -- Business)
Costco latest big-box to accept food stamps Oct 29, 2009
Most major food chains like Wal-Mart Stores Inc. and Safeway Inc. have accepted food stamps and other public assistance as payment for many years. Costco had refused to do so, arguing that there would not be enough shoppers to make it worth the trouble of updating its electronic payment systems and that food stamps would slow down the checkout lines. (MSNBC -- Business)
Business travel pitched as economic engine Oct 29, 2009
Bentonville-based Wal-Mart Stores Inc., the world's largest retailer, didn't hold back this year for its annual meeting, which is webcast and shown on TVs in its thousands of stores. Managers from Walmart properties around the world gather in June for a week of training, culminating with nearly 20,000 people packing a basketball arena for a celebrity-filled cheering session and business meeting. (Atlanta Journal-Constitution -- Travel)
Bartow Native Joins Jax Government Relations Firm Oct 29, 2009
Before joining Triadvocates, Ms. Wallace served as staff assistant for Wal-Mart Stores, Inc., in its federal government relations office. As a college student, she interned in the office of Congressman Adam Putnam (FL-12) and the Washington office of Miami-based Tew Cardenas in 2005. (The Fort Meade Leader, FL)
Getting more for less Oct 28, 2009
Best Buy Company Inc. and Wal-Mart Stores Inc. have talked about pop-ups in malls and elsewhere, but neither has immediate plans, Peterson said. But Best Buy has begun selling through vending machines, including one installed this month at Port Columbus International Airport. (Columbus Business First, OH)
Winn-Dixie quarterly loss widens; shares fall Oct 28, 2009
Wal-Mart Stores Inc (WMT.N) recently put considerable pressure on grocery stores and discount retailers, when it announced its plans to cut prices each week during this holiday season. Last week, Winn-Dixie's larger rival Supervalu Inc (SVU.N) slashed its quarterly dividend and gave a weak full-year profit forecast, hit by a fierce price war among food sellers. (Yahoo News -- Pharmaceutical Industry News)
Recession a treat for Halloween stores Oct 27, 2009
But seasonal retailers which make about 70 percent of their sales in September and October face tough competition for market share from lower-priced retailers such as Target Corp. and Wal-Mart Stores Inc., so visibility is key. "The bigger the storefront, the bigger impression you have on the consumer and that's the big plus," said Spirit Halloween vice president of operations Tony Detzi. (Honolulu Advertiser)
Lula's Overvalued Real Prices Big Mac Above London as Goldman Sees Rally Oct 27, 2009
Small-size Pampers diapers made by of Cincinnati go for 18 cents per unit when bought in a bulk package at Bentonville, Arkansas-based Wal-Mart Stores Inc.s online store. At Wal-Mart in Brazil, a diaper costs 55 centavos, or 32 cents. (Bloomberg -- Latin America)
Toys R Us to Open in-Store FAO Schwarz Boutiques Oct 27, 2009
Toy retailers have been increasingly squeezed by discounters such as Wal-Mart Stores Inc. and Target Corp. as well as online retailers. Toys R Us has attempted to use the recession to gain market share. (ABC News -- Wire)
Analysis: Mo. finally obeys Medicaid reporting law Oct 27, 2009
Wal-Mart Stores Inc., which had a work force of about 39,000 people in Missouri, topped the list with 4,595 employee families on Medicaid. Second was Casey's General Stores Inc., which had 1,035 employee families on Medicaid out of a Missouri work force of more than 3,400. (CBS News)
Halloween stores make use of retail vacancies Oct 26, 2009
But seasonal retailers - which make about 70 percent of their sales in September and October - face tough competition for market share from lower-priced retailers such as Target Corp. and Wal-Mart Stores Inc., so visibility is key. Empty retail space from the closings of Circuit City, Mervyns, Linens 'N Things and Home Depot's Expo Design Center have given the temporary stores plenty to work with. (San Francisco Chronicle -- Business)
Walgreen to buy 12 Boston pharmacies Oct 24, 2009
Walgreen Company (Walgreens) is principally a retail drugstore chain that sells prescription and; Alan McNallyChairman of the Board Gregory WassonPresident,Chief Executive Officer, Director From The Lists Your resource for everything related to business in Chicago. 3. (Crain's Chicago Business)
Wall Street Slides on Railroad, Oil Woes Oct 24, 2009
The market also extended its gains after Wal-Mart Stores Inc. said it expects sales to grow this year and increase at a faster pace next year. Bond prices fell, sending their yields higher. (CBS News)
Amazon Q3 Net Surges 68%, Stock Hits New High Oct 24, 2009
com Inc. (AMZN), Barnes & Noble Inc. (BKS), eBay Inc. (EBAY), Wal-Mart Stores Inc. (WMT), (ZAPPOS.X), (US023135), (US067774), (US278642), (US931142)) at SmartMoney ... He declined to comment on moves by rivals such as Wal-Mart Stores Inc. (WMT), which have recently slashed book prices and hinted at a wider price war this holiday season. (SmartMoney)
Stock futures point to a higher open Oct 24, 2009
The market also extended its gains after Wal-Mart Stores Inc. said it expects sales to grow this year and increase at a faster pace next year. Meanwhile, bond prices dipped Friday. (Ontario Argus Observer, OR)
Investors jump back into market Oct 24, 2009
The market extended its advance in afternoon trading when Wal-Mart Stores Inc. said it expects sales to grow this year and increase at a faster pace next year. The technology-heavy Nasdaq composite index advanced the least among major indicators following a disappointing forecast from online retailer eBay Inc.. (Honolulu Advertiser)
Lincoln Park's Urban Fresh to close Oct 24, 2009
The closure comes as small-format grocery stores from retailers ranging from Wal-Mart Stores Inc. to British import Tesco PLC are finding mixed success. On Thursday afternoon, workers at the store in Chicago's Lincoln Park neighborhood were pulling items from shelves and packing them into boxes. (Crain's Chicago Business)
US stocks rise after two-day slide Oct 23, 2009
Stocks posted big gains Thursday after Wal-Mart Stores Inc. said it expects sales to grow this year and increase at a faster pace next year. At the same time, easing worries about loan losses at some banks made financial stocks look attractive. (The Star Online, Malaysia -- Business)
Hawaii stocks, Wall Street up Oct 23, 2009
Hawaii stocks were mostly up Thursday as Wall Street rose after Wal-Mart Stores said it expects sales to grow for the year. Hawaii stocks seeing gains. (Pacific Business News, HI)
For Halloween stores, there’s an upside to economic downturn Oct 23, 2009
But seasonal retailers - which make about 70 percent of their sales in September and October - face tough competition for market share from lower-priced retailers such as Target Corp. and Wal-Mart Stores Inc., so visibility is key. The bigger the storefront, the bigger impression you have on the consumer and that s the big plus, said Spirit Halloween vice president of operations Tony Detzi. (Boston Globe)
Long lines as Microsoft opens store Oct 23, 2009
Microsoft said in February it planned to open stores, hiring a former Wal-Mart Stores Inc executive to run them. A second store is due to open shortly in Orange County, California. (India Times)
Amazon shares surge on earnings surprise Oct 23, 2009
com has stepped up competition with Wal-Mart Stores Inc., the world's largest retailer. Over the past decade, Amazon. (Sydney Morning Herald -- Business)
Trade association asks for probe of book price war Oct 23, 2009
"We are committed to providing our customers with low prices, and our online book announcement demonstrates that commitment," said Daphne Davis Moore, a spokeswoman at Wal-Mart Stores Inc. "We always work to comply with applicable law.". Comments. (San Francisco Chronicle -- Entertainment)
Booksellers Seek Probe on `Predatory' Amazon.com, Walmart, Target Prices Oct 23, 2009
Oct. 23 (Bloomberg) -- The American Booksellers Association asked the Justice Departments antitrust division to investigate predatory pricing of books sold by Wal-Mart Stores Inc. and Target Corp.. We ask that the Department of Justice investigate practices by Amazon. (Bloomberg)
Amazon Soars Above Street View, Shares Skyrocket Oct 23, 2009
But a growing price war with Wal-Mart Stores Inc means that margins could be at risk in coming months. For the key holiday fourth quarter, Amazon said it sees revenue to range between $8. (ABC News -- Wire)
Kindle Firm Amazon Had A Sizzling Q3 As Sales Soar 28% Oct 23, 2009
com - Kindle Firm Amazon Had A Sizzling Q3 As Sales Soar 28. eIBD Investor's Business Daily Digital Edition. (Investors Business Daily)
Asian Stocks Fall as Bank Loan-Loss Speculation Raises Valuation Concerns Oct 22, 2009
which supplies clothes and toys to Wal-Mart Stores Inc., fell 3. 4 percent to HK$34. (Bloomberg -- Asia)
Teachers receive gift to cover supplies Oct 22, 2009
She was one of ten teachers who received a $100 gift card from Wal-Mart Stores Inc., Sam's Club and the Walmart Foundation. The prize is part of Walmart's Teacher Rewards Program, which replaces its Teacher of the Year award. (Casper Star-Tribune, WY)
Financial Stocks Pulled The Market Lower Wednesday Oct 22, 2009
Oil also touched a new high for the year and Wal-Mart Stores Inc. said it is stepping up its price- cutting, a sign consumers are still struggling. The Dow was down 92 at 9,949. (KWTX.com, TX)
Health bill exempts some big employers Oct 22, 2009
That's because large employers that directly assume the cost and risk of health coverage for their workers including Wal-Mart Stores, Inc., Caterpillar Inc. and Xerox wouldn't be subject to the same rules and restrictions that would be imposed on health insurers in the measure approved this month by the Senate Finance Committee. Large companies that offer their workers such coverage are lobbying hard to keep the status quo and be shielded from costly new regulations and requirements in... (MSNBC -- Politics)
Stocks turn lower Oct 22, 2009
But analysts said the reasons for the latest slide had been building throughout the day: Major stock indexes touched their highest levels in a year, the dollar extended its drop, oil rose above $82 a barrel and Wal-Mart Stores Inc. said it was cutting prices, a sign that consumers are still struggling. The pullback comes as analysts say some investors have become too relaxed. (San Francisco Chronicle -- Business)
Firms resist new health rules Oct 22, 2009
"The companies say they need flexibility to continue covering workers, and provisions included in other drafts of the health overhaul that would eventually subject them to some of the same rules as insurance companies like requiring them to offer specific benefits would crush their ability to do so."The more the administrative burdens are, the more costly it becomes. These things tend to snowball and grow with time," said Martin Reiser, a lobbyist with Xerox who heads the coalition. "Our message... (Seacoast New Hampshire)
* World Business Quick Take Oct 21, 2009
Li Ltd (Q), the biggest supplier of clothes and toys to Wal-Mart Stores Inc and Target Corp, said its purchase of a US company that holds licenses for the Calvin Klein and Disney labels is the first of several planned. Li said it will pay as much as US$401. (Taipei Times, Taiwan -- Sports)
