Filed under: Wal-Mart (WMT), Best Buy (BBY), Costco Wholesale (COST), Economic data, RecessionElectronics giant Best Buy (NYSE: BBY) is not only suffering from the worst consumer holiday spending meltdown in years, but its beleaguered customer base is now fleeing to discount retailers like Wal-Mart (NYSE: WMT) and Costco (NASDAQ: COST). So it appears Best Buy is getting hit with a double whammy...
Results 1 - 10 of 218 for "WAL-MART"
The story of Wal-Mart's rise from a $21.5 million capitalization.
Circuit City Blows A Fuse… But Here’s Why Its Bankruptcy Doesn’t Spell Holiday Doom For Retailers
Wed, Nov 19, 1:29 PM ET
by Paul Moore, Contributing Editor & Technology Specialist, Smart Profits Report So China has become the latest country to pump up its laboring economy, with a whopping $585 billion stimulus package. Whether it works or not… time will tell. But Asian and European stocks picked up on the move on Monday, grasping onto whatever seemingly positive moves they can. Here in the U.S., the me...
Filed under: Consumer experience, Wal-Mart (WMT), Target Corp. (TGT), Best Buy (BBY), Sears Holdings (SHLD), Gap Inc (GPS), Abercrombie and Fitch (ANF)We all know that this Christmas is going to be particularly tough on retailers. Wal-Mart (NYSE: WMT), Target (NYSE: TGT), Sears (NASDAQ: SHLD), and Best Buy (NYSE: BBY), as well as hipper competitors Abercrombie & Fitch (NYSE: ANF) and Gap (N...
Filed under: Wal-Mart (WMT)There is an old phrase, "Doing well by doing good." Show the public what a nice guy you are and people will be more likely to do business with you. According to The New York Times, "Responding to the economic downturn, Wal-Mart Stores Inc. plans to give more than 90 million pounds of fresh food annually to the nation's largest nonprofit organization addressing hunger,...
BJ's Wholesale Club Inc. (NYSE: BJ) appears to be one of the few standouts in retail right now. How many companies are in retail are beating already-raised guidance and still raising forecasts ahead? The big box retailer posted earnings gains of about 24% with $0.48 EPS, and that is after a $0.01 Charge. The company had previously offered guidance of $0.45 to $0.49, and that was raised to $0.3...
Wal-Mart (WMT) will reportedly start selling the Apple (AAPL) iPhone in some of its stores and in some Sam’s Club stores on December 28, according to the blog Boy Genius Report. The same information is being reported this morning by analyst Jamie Townsend of research firm JRPG. The Boy Genius post says that “it looks like everyone is still in the dark with regards to pricing and we ...
According to Reuters, Toyota (TM) cut production and Nissan was downbeat about its prospects. Reuters reports that if a new CEO at Yahoo! (YHOO) wants to be well-regarded by shareholders, he or she must be willing to do a deal with Microsoft (MSFT). Reuters reports that oil is trading steady around $54. Reuters reports that Boeing (BA) is adding almost three months to the delivery dates of many...
Wal-Mart's (WMT) earnings report last week marked the unofficial end to the third quarter reporting period. Of the more than 2,100 US stocks that reported during earnings season, 57% beat analyst estimates. As shown below, this is the lowest reading since Q4 '01, but it is still well above the lowest levels seen during the '00 to '02 bear market.
NEW YORK (Reuters) - Customers are coming in to Wal-Mart's stores more frequently now that gas prices have fallen, the head of its U.S. operation said on Tuesday.