GO
Loading...

Wal-Mart Stores Inc

More

  • US economic growth in Q4 revised down to 2.2 percent Friday, 27 Feb 2015 | 8:34 AM ET

    WASHINGTON— The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit. The Commerce Department said Friday that the economy as measured by the gross domestic product grew at an annual rate of 2.2 percent in the October-December quarter, weaker than the...

  • Ahead of the Bell: US economy-GDP Friday, 27 Feb 2015 | 6:56 AM ET

    WASHINGTON— The Commerce Department issues its second of three estimates of how fast the U.S. economy grew in the October-December quarter. The report will be released Friday at 8:30 a.m. Eastern. SLOWER GROWTH: The expectation is that the overall economy grew at an annual rate of 2.1 percent in the fourth quarter, according to a survey of economists conducted...

  • Final Glance: Big-box Retail companies Thursday, 26 Feb 2015 | 6:02 PM ET

    Costco Wholesale Corp. fell$. 83 or. 6 percent, to $146.65. Target fell$. 25 or. 3 percent, to $76.90. Wal-Mart Stores Inc. rose$. 23 or. 3 percent, to $83.80.

  • Midday Glance: Big-box Retail companies Thursday, 26 Feb 2015 | 1:19 PM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. fell $1.02 or. 7 percent, to $146.46. Wal-Mart Stores Inc. rose$. 02 or percent, to $83.59.

  • About Wal-Mart CEO Doug McMillon Thursday, 26 Feb 2015 | 12:14 PM ET

    President and CEO of Wal-Mart Stores Inc.. RESUME: McMillon's first job at Wal-Mart was in 1984 as an hourly worker unloading trucks at a distribution cente to pay his way through college. McMillon worked at the home office in Bentonville, Ark. and overlapped with the late legendary founder Sam Walton by about a year.

  • Early Glance: Big-box Retail companies Thursday, 26 Feb 2015 | 10:35 AM ET

    NEW YORK— Shares of some top big-box retail companies are down at 10 a.m.:. Costco Wholesale Corp. fell$. 76 or. 5 percent, to $146.73. Wal-Mart Stores Inc. fell$. 19 or. 2 percent, to $83.38.

  • Feb 25- It didn't take long for a big retailer to follow the lead of Wal-Mart Stores in raising minimum pay for workers. The announcement comes less than a week after Wal-Mart, the world's largest retailer, announced that it was giving half a million U.S. workers a raise, bringing its minimum hourly pay to $9 in 2015 and $10 next year. Analysts had predicted that other...

  • Applications for US jobless aid rise to 313,000 Thursday, 26 Feb 2015 | 8:45 AM ET

    WASHINGTON— More Americans sought unemployment aid last week, though the number of applications was still consistent with steady hiring. The Labor Department said Thursday that weekly applications rose 31,000 to a seasonally adjusted 313,000, the most in six weeks. "Despite larger-than-expected weekly swings, the trend in claims remains consistent with...

  • The company, which owns the Sears and Kmart chains, said net loss attributable to shareholders was $159 million, or $1.50 a share, in the quarter ended Jan. 31, against a loss of $358 million, or $3.37 a share, a year earlier. Once the largest U.S. retailer by revenue, Sears has seen sales drop due to stiff competition from Target Corp, Wal-Mart Stores Inc and Home Depot Inc..

  • Wal-Mart Stores Inc., which has more than 11,000 stores in 27 countries, has struggled with two years of mostly sluggish sales due in large part to a challenging global economy and major changes in how people shop. Workers' groups have targeted Wal-Mart over its pay and treatment of its U.S. employees with protests. McMillon, whose first job at Wal-Mart was an...

  • WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Thursday at 8:30 a.m. Eastern. Last week included the President's Day holiday, which can cause some volatility in the data, as most state unemployment offices were closed.

  • UPDATE 2-TJ Maxx raises wages, following Wal-Mart's lead Wednesday, 25 Feb 2015 | 1:39 PM ET

    Feb 25- It didn't take long for a big retailer to follow the lead of Wal-Mart Stores in raising minimum pay for workers. The announcement comes less than a week after Wal-Mart, the world's largest retailer, announced that it was giving half a million U.S. workers a raise, bringing its minimum hourly pay to $9 in 2015 and $10 next year. Analysts had predicted that other...

  • Midday Glance: Big-box Retail companies Wednesday, 25 Feb 2015 | 1:18 PM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. fell$. 41 or. 3 percent, to $147.80. Wal-Mart Stores Inc. fell$. 61 or. 7 percent, to $83.96.

  • Why wage hikes could spell trouble for Wal-Mart Wednesday, 25 Feb 2015 | 1:12 PM ET

    Plans to hike employee pay could spell trouble for Wal-Mart, according to the latest research.

  • Correction: Target-Free Shipping story Wednesday, 25 Feb 2015 | 12:29 PM ET

    NEW YORK— In a story Feb. 23 about Target Corp.' s free shipping policy, The Associated Press reported erroneously that Overstock.com offers free shipping only to loyalty club members. The story also changes the spelling and capitalization in several instances of Wal-Mart to conform with Associated Press style:. The minimum takes aim at competitors Wal-Mart...

  • Wal-Mart ripple effect begins with this retailer Wednesday, 25 Feb 2015 | 11:56 AM ET
    A TJ Maxx employee and customer at a store in Washington, D.C.

    Days after Wal-Mart announced pay raises, TJX said that it, too, will boost hourly wages.

  • Feb 25- U.S. retailer Target Corp reported a stronger-than-expected jump in fourth-quarter sales and profits and forecast modest growth this quarter in a sign that its online business strategy and focus on promoting select categories is working. Similar to other retailers lower fuel prices also helped, Chief Financial Officer John Mulligan told a media...

  • Early Glance: Big-box Retail companies Wednesday, 25 Feb 2015 | 11:23 AM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 10 a.m.:. Costco Wholesale Corp. fell$. 42 or. 3 percent, to $147.79. Wal-Mart Stores Inc. fell$. 23 or. 3 percent, to $84.34.

  • Are food stamps a bad thing? Not if you sell food Wednesday, 25 Feb 2015 | 11:17 AM ET
    A woman pays for her groceries using a food stamp program at a supermarket in West New York, N.J., Monday, Jan. 12, 2015.

    The House has begun hearings on the U.S. food stamp program. They'll be watched closely by more than just the hungry.

  • TJ Maxx, Marshalls to follow Wal-Mart in raising pay Wednesday, 25 Feb 2015 | 11:07 AM ET

    TJX Cos. said Wednesday that it will increase pay for its U.S. workers to at least $9 an hour starting in June. The announcement came a week after Wal-Mart Stores Inc. said it would increase starting wages for its U.S. employees to at least $9 per hour by April and by at least $10 by Feb. 2016. John Challenger, CEO of global outplacement firm Challenger, Gray& Christmas...