RSSCOMPANIES: INDUSTRIES:
WalMart Stores Inc. (NYSE: WMT)
WalMart Jobs & Careers,
Quote,
Opinion,
Profile,
Chart
WalMart Jobs, Job Listings, Job Postings & Careers Search
Find your next job at WalMart. Search WalMart jobs from thousands of job and career search sites.
A search engine for jobs with a different approach to job and career searches. In one simple search, job
seekers get free access to millions of employment opportunities from thousands of websites. Find your next job at WalMart today.
Tech Stocks Lead Gains in Europe
Discounts spur surprising Aug. retail sales gains
[AP] - This year's back-to-school season isn't as big a bust for retailers as they feared -- or as last year's -- but it's not great either.
McBride scrubs up well in spite of rivals
[at Financial Times] - Continued demand for own-brand detergents have boosted profits at McBride, the maker of household and personal care products, as the group fought off price promotions from competitors in the UK.
What Apple TV Should Be, but Still Isn't
McDonald's Leaves the Beef Behind
The Return of the American Consumer
[$$] Retail Saved by the School Bell?
Getting to the Bottom of SIRI
[TheStreet.com] - The story is well known, but is this satellite radio play worth your investment dollars?
"Grade A" Means Your Egg Is White, Not Misshapen, and That It Hasn't Been Tested for Salmonella
3D Isn't HD, And Won't Boost Best Buy Stock
[$$] Watch for Retail to Go on Sale
These Global Giants Look Cheap
Wal-Mart Stock Should Benefit From Lower Spending and More Stores
Initial and Total Jobless Claims Fall
4-Star Stocks Poised to Pop: Aeropostale
Costco, Limited Lead Retail Beat; Bon-Ton Drops
Pharmacy measure in ND Supreme Court's hands
[AP] - Supporters of a voter initiative that could help bring cheaper prescription drugs to North Dakota are hoping a legal technicality won't keep them from getting the issue placed on the ballot.
What's On: Bernanke Testimony, Jobless Claims, Retail Sales
Yahoo! Finance: WMT News
Latest Financial News for Wal-Mart Stores, Inc. Common St
3D Isn't HD, And Won't Boost Best Buy Stock
The latest breakthrough in television won't be as widely adopted, or as lucrative, as the last one.
Here Is How Best Buy Gains 33%
The number of new stores opening will slow but that's a good thing.
Xerox Hopes Other Brands Help New Ads Shine
Company's biggest ad effort in decades features other companies, other icons.
September Starts With Surge On Wall Street
Stocks jump on more upbeat economic news. Apple rolls out new iPods, revamped TV product.
Stocks Surge Into September
Improved economic readings out of China, Australia and an improved U.S. manufacturing gauge spark rally.
Akzo Makes A Splash With Wal-Mart Paint Deal
Analyst says new supply contract with Wal-Mart could put the world's largest paint maker on the path to selling its U.S. business.
Is Another Flash Crash Inevitable By Year's End And Will It Be Triggered On Purpose?
Somebody, says Eric Scott Hunsader, CEO of Nanex, is intentionally slowing down some aspects of the market to skim profits from clueless competitors. This won't stop, Hunsader says, until the SEC or the the exchanges step in and do something about the copious quote volume wars currently taking place.
Medical Clinic Bust Bad News for Wal-Mart, Walgreens & CVS
The hype around big national retailers putting clinics inside their stores might have peaked back in 2006 when CVS paid a reported $170 million for MinuteClinic and Walgreens followed suit with a reported $100 million deal to buy Take Care Health. In 2007 Wal-Mart said it planned to open 400 clinics in its stores, over [...]
Medical Clinic Bust Bad News for Wal-Mart, Walgreens & CVS
The hype around big national retailers putting clinics inside their stores might have peaked back in 2006 when CVS paid a reported $170 million for MinuteClinic and Walgreens followed suit with a reported $100 million deal to buy Take Care Health. In 2007 Wal-Mart said it planned to open 400 clinics in its stores, over [...]
Too Big To Fail - In Eggs
In a blog about the financial markets, I'd like to take a detour into the huge egg recall underway. Odd as it may seem, what we call derivatives today came in part from a bunch of egg dealers who got together to trade in Chicago. They traded eggs, then they traded futures contracts on eggs, [...]
Wal-Mart Tries To Reverse Same-Store Sales Slide
The Bentonville behemoth still smarts from a major merchandising faux pas that alienated core customers.
An Open Letter to the Journal: Why CSR Is Good For Shareholders and Society
One out of every nine investor dollars, or $2.71 trillion, is screened for social and environmental concerns.
Nicki Minaj And Lessons From Hip-Hop Proteges
The biggest news in the world of hip-hop proteges is Lil Wayne's Nicki Minaj. What we can learn from the hip-hop mentor relationship.
Bull Gets Bruised But Buyouts Lend Support
U.S. stocks started the week higher but heads south after Thursday's jobless claims report.
Groupon CEO Andrew Mason Speaks Out About His 20 Cats
Our latest cover story on Groupon will introduce you to the fastest growing company in history, and its founder:
Andrew Mason, a relaxed and lanky 29-year-old music major from Northwestern, has managed to build the fastest-growing company in Web history. Groupon represents what the dot-com boom was supposed to be all about: huge [...]
Jobless Claims Spike Drag Stocks
The government reported 500,000 Americans filed for jobless benefits for the first time, frustrating investors.
GM Files For IPO
Following weeks of anticipation, the automaker aims to conduct its initial public offering by November, potentially raising $16 billion.
Wall Street Pares Gains
After being rejected by Potash board, BHP Billiton has made a hostile $38.5 billion offer for the fertilizer producer.
Poop To Profits
Terracycle's CEO learns that being a co-founder doesn't equal job security.
Wall Street's All Smiles This Summer Day
Stocks rally Tuesday on a mix of encouraging economic and corporate data.
Is Wal-Mart Going High-End?
World?s largest retailer has increased prices 6% the past two months.
Stocks Stage Rally With Miners And Farm Names Leading The Way
Wall Street feasts on a salad bar of encouraging news to propel all three major indexes higher.
Snubbed BHP Underperforms Euro Market
Leading shares move higher as Carlsberg impresses and inflation in the U.K. slows for the third month in a row.
Wal-Mart And Urban Outfitters Fare Fine, Abercrombie Gets Crushed
Wal-Mart and Urban Outfitters are both rising after earnings, but ANF is whacked.
Wall Street Inspired By Wal-Mart, Home Depot and Potash Offer
Investors are encouraged by mix of M&A activity, strong earnings reports and better-than-expected July PPI.
Forbes.com: wmt
The latest Forbes.com news on the ticker wmt.
What Apple TV Should Be, but Still Isn't
A fear-based strategy can't be good for shareholders. 2010 09 02 17:48
McDonald's Leaves the Beef Behind
The fast-food giant further expands in India. 2010 09 02 16:33
Late Push Lifts Dow Before Jobs
2010 09 02 16:11
($) Retail Saved by the School Bell?
New data show mom and dad are not buying clothes when the kids need new shoes. 2010 09 02 15:30
Retailers Show Strength
2010 09 02 15:12
4-Star Stocks Poised to Pop: Aeropostale
Market-trouncing returns could be written in this 4-Star. 2010 09 02 05:40
Xerox Hopes Other Brands Help New Ads Shine
Company's biggest ad effort in decades features other companies, other icons. 2010 09 01 19:26
$ A Beverage Stock at a Sweet Price
2010 09 01 18:43
MSN Money News - WMT
News about Wal-Mart Stores Inc
A Million Women vs. Wal-Mart
The Supreme Court should give the women of Wal-Mart a chance to make their discrimination case together.
Wal-Mart Asks Supreme Court to Weigh In on Bias Suit
The Supreme Court could review the largest employment discrimination lawsuit in American history.
Wal-Mart and Home Depot Beat Estimates
Both Wal-Mart and Home Depot reported second-quarter profits, but their results suggested that consumers were not spending as much as had expected.
A Decade of Wooing Wins a Harlem Store for Target
Target, which opened its first Manhattan store last month, has made an ambitious effort to avoid local opposition that has hurt other big retailers.
Reconfiguring the View on the Far South Side
Wal-Mart now has a foothold on the Far South Side, and one of the questions is whether it will pull in shoppers from an “understored” Chicago.
Geniuses to the Rescue With the Aid of Teenagers
Procter & Gamble and Wal-Mart are filling part of NBC’s Friday lineup with “The Jensen Project,” the second in a series of “family-friendly” movies the companies are producing.
Wal-Mart Fighting $7,000 Fine in Trampling Case
Federal officials say it is a mystery as to why Wal-Mart is fighting so hard against such a modest fine.
Wal-Mart Names New Head of U.S. Operations
Bill Simon, the chief operating officer, was promoted in a unit with a year-long slump in sales.
Wal-Mart, Wooing Chicago, Wins Over Zoning Panel
In an effort to make itself more acceptable to urban areas, Wal-Mart has offered to shrink its stores and maybe even pay its employees more.
Products That Are Earth-and-Profit Friendly
From Wal-Mart to the World Cup, companies are incorporating sustainable practices not only to be responsible, but also to cut costs.
Wal-Mart Finds Ally in Education
American Public Education, which operates two Web-based universities, got a big boost in profile and share price after agreeing to a deal with Wal-Mart.
Cape Cod Residents Keep the Chain Stores Out
Provincetown, Mass., is the latest Cape Cod community to use zoning laws to protect local businesses.
With Backdrop of Glamour, Wal-Mart Stresses Global Growth
The head of Wal-Mart’s international operations told investors at their annual meeting that they could count on Wal-Mart International to drive growth.
Carrefour Chief Pursues Strategy to Strengthen Home Market
The chief executive is staking the future of the giant French retailer on a simple strategy: strengthen at home then either dominate or withdraw abroad.
Report Warned Wal-Mart of Risks Before Bias Suit
A report prepared for the company in 1995 found widespread gender disparities in pay and promotion at Wal-Mart and Sam’s Club stores.
NYT > Wal-Mart Stores Inc.
Wal-Mart, a chain of discount stores started by Sam Walton in 1962, has become a central figure in scores of social, economic and political debates, from health care to immigration to gun control.
Supporters contend that the chain's legendary low prices have democratized consumption, allowing low-income households to afford flat-screen televisions and nine-layer lasagna. Critics say those low prices have depressed domestic wages and exported manufacturing jobs to foreign countries, hurting Americans more than helping them.
All of which has made Wal-Mart the most scrutinized business in the country. Running the retailer, its former chief executive, H. Lee Scott, told The New York Times, is "like running for president of the United States." In 2008, Mr. Scott was succeeded by Michael T. Duke as the next chief executive and president. Mr. Scott continues as chairman.
Mr. Duke inherited a company that grew stronger as the economy grew weaker during the recession. The financial turmoil that strangled discretionary spending at many stores sent struggling consumers straight into the arms of Wal-Mart. As the economy recovered, however, sales flattened.
Wal-Mart has almost exhausted growth possibilities in suburbs and small towns, and is now looking to urban neighborhoods. Though major cities have not welcomed the retailer in the past, Wal-Mart is hoping that a terrible job market and stores that don't look like traditional big boxes will prove to be an irresistible combination to cities like Chicago, Detroit and New York City.
In the first quarter of 2010 Wal-Mart reported sluggish growth at its stores in the United States. Retailing analysts said that as the economy recovered, consumers who flocked to the stores in the depths of the recession were shifting some of their spending to other chains. Even so, Wal-Mart's earnings climbed about 10 percent thanks to strong international growth and cost cuts.
A CHORUS OF CRITICS
The renewed emphasis on savings may take attention away from a public relations record that is decidedly mixed. A commitment to make sweeping reductions in energy use and greenhouse emissions has won plaudits from environmentalists. And a new health care plan, with shorter waiting period before a new employee is eligible and lower premiums, has impressed critics.
In 2008, however, Wal-Mart agreed to pay at least $352 million, and possibly far more, to settle lawsuits across the country claiming that it forced employees to work off the clock. Several lawyers described the settlement, which involved hundreds of thousands of current and former hourly employees, as the largest settlement ever for lawsuits over wage violations.
Union critics of Wal-Mart saw it as proof of their view that the company achieves its low prices in part by cheating workers. But the company rejected that characterization, saying it had already corrected wage practices that it has long attributed to local managers acting without authority.
In April 2010 a sharply divided federal appeals court ruled 6-5 that a sex discrimination lawsuit against Wal-Mart could proceed as a class action for more than a million women. The suit is the biggest employment discrimination case in the nation's history. Wal-Mart plans to ask the Supreme Court to overturn the class certification.
The lawsuit, brought in 2001, accuses the retailer of systematically paying women less than men, giving them smaller raises and offering women fewer opportunities for promotion. The plaintiffs have argued that while 65 percent of Wal-Mart's hourly employees were women, only 33 percent of the company's managers were.
In May 2010 Wal-Mart announced plans to contribute $2 billion in cash and food to the nation's food banks, one of the largest corporate gifts on record. Over the next five years, the giant retail company will distribute some 1.1 billion pounds of food to food banks and provide $250 million to help them buy refrigerated trucks, improve storage and develop better logistics.
MOVING INTO THE CITY
How to pay for such largesse? If Wal-Mart can succeed in the urban market, it could mean several hundred stores just in major cities, bringing several hundred million dollars in additional earnings, analysts said.
It is starting with Chicago, where in June 2010 the City Council zoning committee unanimously approved plans for a Wal-Mart on the city's South Side, an area where the company has been trying to build for about six years.
Politicians who supported Wal-Mart said they did so in part because of potential employment and revenue for the city. Wal-Mart said it was planning several dozen stores in Chicago that would add 12,000 jobs over five years, and more than $500 million in sales taxes and property taxes for the city, according to the company's estimates.
To fit into urban areas, Wal-Mart is proposing to make its stores as small as 8,000 square feet, about 4 percent of the size of an average supercenter. For the South Side store, the company, long a target of labor unions, has even agreed to pay entry-level workers 50 cents above the minimum wage.
While Wal-Mart seems to finally be moving forward in Chicago, politicians in many other cities still oppose the retailer, saying that it hurts local businesses and does not pay fair wages.