Analysts said there's much work to be done at Wal-Mart, which has posted negative domestic same-stores sales for the past five quarters.» Read More
June 6- Activist investor Carl Icahn has reported a 9.39 percent stake in Family Dollar Stores Inc, and said he plans to talk to the convenience store operator about strategies, which may include exploration of strategic alternatives. Shares of Family Dollar, struggling under declining sales and profit, rose about 10 percent in extended trading on Friday.
"Hope to continue our streak of value enhancement," Icahn said, in a tweet.
June 3- Discount retailer Dollar General Corp said it expects gross margins to improve in the second half of the year as it focuses on more profitable products such as accessories and stationery items priced at $1- $5. Dollar General shares rose as much as 5 percent on Tuesday.
June 3- Discount chain Dollar General Corp stuck to its full-year profit forecast despite reporting a first-quarter profit below analysts' estimates. The retailer said it expects to earn $3.45- $3.55 per share for the year ending January 2015.
The market is schizophrenic. It's time for the Fed to get lost — and let the recovery chug along on its own, says Michael Farr.
Some of Thursday's midday movers:
May 15- Wal-Mart Stores Inc forecast a profit for the current quarter that fell short of analyst expectations after quarterly sales grew at their slowest pace in nearly five years. One in five of Wal-Mart's customers relies on government food stamps, which can be used instead of cash to buy groceries.
April 10- Family Dollar Stores Inc, seeking to reverse declining sales and profit, said on Thursday it is slashing prices to win shoppers, cutting jobs, and shutting hundreds of stores. Family Dollar Chief Executive Howard Levine, on a call with investors, pointed to "a more financially constrained consumer," echoing recent comments from rivals.
U.S. stocks fell Thursday, with Wall Street pausing after a two-session win streak.
Some of Thursday's midday movers:
*Bed, Bath& Beyond slumps after earnings. *Bed, Bath& Beyond shares slumped 6 percent to $63.85 before the opening bell after the domestic merchandise retailer reported fourth-quarter earnings. *Family Dollar Stores Inc lost 1.8 percent to $58 in premarket after it reported second-quarter results and gave an outlook that fell short of expectations.
U.S. stock index futures signaled a lower open on Thursday, with shares in Asia and Europe boosted after dovish minutes from the latest Fed meeting.
April 10- Family Dollar Stores Inc, a convenience store operator, said it would cut jobs, shut about 370 underperforming stores and lower prices on about 1,000 basic items. The job cuts and store closures are expected to reduce annual operating costs by $40 million to $45 million beginning third quarter of fiscal 2014, the company said.
The "Fast Money" traders share their final trades of the day.
Traders are watching to see if once high-flying Internet, social media and biotech names can stabilize or whether they will ensnare the broader market in a bigger downdraft.
Will forthcoming earnings and events confirm that the economy is, indeed, growing as the jobs report suggests?
Wal-Mart will accelerate the expansion of its small-format stores—an area analysts have called out as a necessity for the discounter.
Shareholders are waiting on new CEO Doug McMillon to offer guidance on where Wal-Mart is headed.
Credit Suisse analyst Michael Exstein has a note out suggesting Wal-Mart buys Family Dollar to accelerate its growing small store efforts, reports CNBC's Courtney Reagan.
CNBC's David Faber discusses a note by a Credit Suisse analyst that Wal-Mart should purchase Family Dollar.