Walmart

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Wal-Mart Tells Managers to Fear Democratic Win

The retailer warns employees of disastrous labor legislation if left wins

(Newser) - Wal-Mart is warning store managers and department supervisors nationwide that a Democratic victory in November would likely lead to passage of a federal law making unionization easier, the Wall Street Journal reports. In a series of mandatory meetings, the company says it's not telling hourly employees how to vote, which...

SF Votes Today on Tobacco Sales Ban

May be nation's first city to shut down drugstore sales

(Newser) - San Francisco's Board of Supervisors votes today on whether to ban the sale of cigarettes at the city's pharmacies. City and state legislatures across America—as well as giant pharmacy chains like CVS and Wal-Mart—are carefully watching the outcome of what could be a harbinger of things to come,...

Shopping in US Looks Like the 1970s: Analyst

Automotive industry, discounters predict permanent shift

(Newser) - Retailers and marketers are closely watching American shopping trends, knowing that recession habits can linger for years, the AP reports. Studies show that 63% of Americans have cut down spending by coupon-cutting, biking to work, and buying store brands. They're also buying smaller cars and shopping at discounters. "We...

Consumers Are Quickly Trading Down
Consumers
Are Quickly Trading Down
Jul 11, 2008 12:26 PM CDT

Consumers Are Quickly Trading Down

Switch to cheaper goods is broadest since early '80s

(Newser) - As fuel prices and home foreclosures steadily rise, Americans are trading down in everything from automobiles to their lunch options. That's not unusual in an economic downturn, but the speed with which it's happening is, the Wall Street Journal reports. And the flight to the affordable and generic is affecting...

Rattler Strikes Shopper at Fla. Wal-Mart

Man released after poisonous bite, which may have killed a child

(Newser) - A Florida man has been released from the hospital after being bitten in the hand by a poisonous pygmy rattlesnake while browsing in a Wal-Mart garden department, the Miami Herald reports. Though potentially deadly to a child or elderly person, the bite "wouldn't have been fatal with an adult...

Wal-Mart Looks for Better Return on CDs

Uber-retailer plans to trim selection of artists, titles

(Newser) - As the country's leading brick-and-mortar CD seller, Wal-Mart occupies a special place in the music industry, earning perks like exclusive releases of CDs by bands like Journey and, soon, AC/DC. But with sales of physical CDs in freefall, even Wal-Mart is considering cutting the number of titles and artists its...

Street Rallies on Retail, Jobs
 Street Rallies on Retail, Jobs 
MARKETS
Jun 5, 2008 3:17 PM CDT

Street Rallies on Retail, Jobs

Wal-Mart among big winners as indices rebound from 3 days of losses

(Newser) - The markets rebounded from a 3-day losing streak today as retailers posted strong sales and weekly claims for jobless benefits fell, the Wall Street Journal reports. The Dow climbed 213.97, closing at 12,604.45, and the Nasdaq gained 46.80 to settle at 2,549.94. The S&...

Detente Mellows Wal-Mart's Once-Virulent Foes

Retailer finds middle ground with detractors

(Newser) - Wal-Mart, more accustomed to being lambasted than lauded by its critics, is seeing a shift in public opinion, reports the New York Times. The mega-retailer has reached accords with some of its most ardent detractors, even listening to their advice on issues like employee health care. The company, too, has...

Big-Box Wal-Mart Dipping Into Free Online Classifieds

Partnership with Oodle.com seen as challenge to Craigslist

(Newser) - Wal-Mart is testing a new service, cNet reports: free online classified ads. The big-box retailer launched the site last week, in partnership with start-up Oodle.com, and offers more than 40 million listings, featuring seven categories, in major US cities.

Study Sees Wal-Mart in India's Future
 Study Sees Wal-Mart
 in India's Future 
ANALYSIS
May 28, 2008 8:10 PM CDT

Study Sees Wal-Mart in India's Future

But government can help mom-and-pop outfits get organized for future

(Newser) - South Asia is still dominated by mom-and-pop grocery stores, but—as in the US about 70 years ago—the supermarket sector is expanding and will eventually overtake family-run shops, the Economist gleans from a new study. "Many people assume that Asia's shopping habits are peculiar to the region and...

Excoriated by China, 'Miserly' Firms Defend Quake Aid

Mickey D's forking over 40,000 meals

(Newser) - Mega-companies are defending themselves against harsh criticism on Chinese websites that they’ve done too little to help earthquake survivors, AP reports. Companies such as McDonald’s, Wal-Mart, and Nokia were labeled “International Super-Misers” on one site. "We've been involved in helping and responding since day one,”...

Wal-Mart Tightens Toy Safety Standards

Retailer goes beyond government requirements

(Newser) - Wal-Mart is adopting stricter toy safety standards, going above and beyond existing government requirements, the Wall Street Journal reports. The standards set hard lead limits, and encourage “traceability information,” to show where toys are from. Complying could boost toymakers’ costs by 5%-7%, but since Wal-Mart is the world’...

Shoppers Give Up Organics as Food Prices Soar

Groceries high, organic even higher

(Newser) - With a gallon of organic milk costing a whopping $7 and a conventional gallon going for $2.99, cash-strapped shoppers are skipping organic groceries. That means the $19 billion industry, which has ballooned 150% since 2001, may now be shrinking, Newsweek reports. “I miss it terribly,” said one...

Markets See Gains From Retail
 Markets See Gains From Retail 
MARKETS
May 8, 2008 3:23 PM CDT

Markets See Gains From Retail

But oil trades at $123.69, limiting rally

(Newser) - The markets achieved solid gains today as better-than-expected sales from big-box discount retailers encouraged investors worried over oil prices still in record territory, the Wall Street Journal reports. The Dow gained 52.43 to close at 12,866.78, while the Nasdaq rose 12.75 to 2,451.24. The...

Philly Museums Save Painting From Wal-Mart Sale

Eakins will remain in city after museums match heiress' bid

(Newser) - The saga over the sale of Thomas Eakins' The Gross Clinic came to an end yesterday when the Philadelphia Museum of Art announced it had raised enough money to cover the $68 million price tag. Eakins' painting of an operation in an anatomical theater was almost bought by Wal-Mart heiress...

Sam's Club Joins Costco in Limiting Rice Purchases

Warehouse chains react to rising prices, apparent hoarding

(Newser) - Sam's Club joined Costco today in limiting how much rice customers can buy, Bloomberg reports. The restrictions by the nation's largest warehouse retail chains come with the price of rice at record highs around the world, which has spurred some to begin hoarding, Bloomberg notes. Sam's Club customers can buy...

Wal-Mart Tops Fortune 500
 Wal-Mart Tops Fortune 500 
Apr 21, 2008 4:07 PM CDT

Wal-Mart Tops Fortune 500

Exxon Mobil repeats 2007 performance, finishes second

(Newser) - Wal-Mart nosed out Exxon Mobil for the second consecutive year to land atop the 2008 Fortune 500, with $37.7 billion in revenues, the magazine said today. In profits, the oil company far outstripped the megaretailer. Three of the top 5 on the list were oil companies, the AP reports....

Wal-Mart OKs Plan to Film Gun Buyers

Execs accept 10-point deal to curb illegal sales

(Newser) - Wal-Mart approved a plan today to videotape gun-buyers and curb illegal firearm sales in other ways, the New York Daily News reports. The 10-point deal with the bipartisan group Mayors Against Illegal Guns, helmed by New York's Michael Bloomberg, includes inventory controls and a log to trace buyers who have...

Techs Stand Tall in 'Relief Rally'
 Techs Stand Tall in 'Relief Rally' 
MARKETS
Apr 10, 2008 3:34 PM CDT

Techs Stand Tall in 'Relief Rally'

After days of dismal news, mixed reports enough to rouse investors

(Newser) - Stocks rallied despite a generally unfavorable climate today on positive news from Intel and Wal-Mart, though, with the exception of the Nasdaq, failed to hold on to session highs. The Nasdaq rose 29.58 to close at 2,351.70. The Dow, up triple-digits during the session, ended 54.72...

March Retail Sales Fall Flat
 March Retail Sales Fall Flat 
Apr 10, 2008 11:29 AM CDT

March Retail Sales Fall Flat

Easter partly to blame as chains fall short of expectations

(Newser) - Retailers’ same-store sales were flat in March, due in part to an early Easter, the Wall Street Journal reports. The Thomson Financial Same Store Sales Index, projected to sink 0.1%, fell 1.1%, excluding Wal-Mart. Shoppers weren’t ready to buy for spring on the heels of winter, store...

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