Walmart

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Retailers Post Worst Month This Decade

But Wal-Mart, other discounters profit from downturn

(Newser) - November was the worst month for retail in a decade, reports the Financial Times, as stores from Macy's to Abercrombie & Fitch posted double-digit falls in sales. Mid-market stores like Target posted worse-than-expected numbers, while department stores crashed. But giant Wal-Mart, leading a small number of discounters, managed to...

Stocks Go South at Bell
 Stocks 
 Go South 
 at Bell 

MARKET Open
Dec 4, 2008 8:48 AM CST

Stocks Go South at Bell

Dow down 150

(Newser) - Stocks took a modest dip at the open, amid a weak round of retail sales numbers and general economic pessimism. The Dow fell 81 points, while the S&P and Nasdaq dropped 1.3% and 1.4% respectively, the Wall Street Journal reports. Stocks started to the downside yesterday, but...

Trampled Worker's Family Sues Wal-Mart

And more lawsuits coming over Black Friday trampling on Long Island

(Newser) - The family of the Wal-Mart temp worker who was trampled to death by a Black Friday stampede has filed a wrongful death lawsuit in New York's state Supreme Court against the retailer and the Long Island mall where the store is located. The family also filed notice that Nassau County,...

Was Wal-Mart Trampling a Crime?

Experts mixed on whether death can be prosecuted

(Newser) - Trampling a Long Island Wal-Mart worker in a frenzied rush for flat-screen TVs may be a prosecutable crime, reports Newsday, but experts are split. “In order to prosecute a homicide, you have to establish that someone caused a death," said a lawyer. "If I stepped on his...

Wal-Mart Death a Fitting Symbol of the Times
 Wal-Mart Death a Fitting
 Symbol of the Times
ANALYSIS
Nov 30, 2008 1:54 PM CST

Wal-Mart Death a Fitting Symbol of the Times

Desperate consumers, ailing economy make for dangerous combination

(Newser) - When shoppers charged into a Long Island Wal-Mart at the stroke of 5am Friday and trampled to death a temp who happened to get between them and the $388 flatscreen TVs inside,“it was a tragedy, yet it did not feel like an accident,” Peter Goodman writes in...

Wal-Mart Worker Killed in Black Friday Stampede

Another woman miscarries

(Newser) - Black Friday bargain hunters trampled an employee to death this morning at a Long Island Wal-Mart, the New York Daily News reports. Another woman had a miscarriage in the stampede. The unidentified employee had been trying to hold the unruly crowd back, but the crowd knocked him down and ran...

Cash Makes a Comeback
 Cash Makes a Comeback 
Nov 24, 2008 2:15 AM CST

Cash Makes a Comeback

But cash isn't king for retailers, who'll likely see bigger drop in sales

(Newser) - Americans are reverting to cash for purchases in increasing numbers, according to top retailers Wal-Mart, Target and JC Penney. The shift away from credit is expected to further reduce spending by consumers—who will be limited to cash-on-hand purchases—not just during the holiday season, but during what could be...

Soaring Jobless Claims Leave Stocks Flat

 Soaring Jobless Claims 
 Leave Stocks Flat 
MARKET Open
Nov 13, 2008 8:55 AM CST

Soaring Jobless Claims Leave Stocks Flat

Jobless claims reach 7-year high

(Newser) - Jobless claims rose to a 7-year high last week, but that didn’t appear to move the needle for stocks, which barely budged at today's open. The Dow crept up 66 points, while the S&P and Nasdaq rose 0.9% and 0.4% respectively. A staggering 32,000 filed...

Cash-Strapped Shoppers Remember Layaway

No-interest credit appeals to consumers

(Newser) - With consumers strapped and credit short, retailers are reviving an older kind of financing: layaway. Although the arrangement was considered obsolete when Wal-Mart closed its layaway department in 2006, retailers such as TJ Maxx, Goody’s, Marshalls and the Burlington Coat Factory have moved to offer the service, especially as...

Wal-Mart May Launch Own Credit Card

Retailer in talks; low rates, few fees could rattle lending industry

(Newser) - Wal-Mart sees an opening in the consumer credit market and is trying to start up its own credit-card operation, BusinessWeek reports. The retail giant is in talks with a veteran financial services firm to launch a card with low interest rates and few fees. It's not clear how far along...

Economic Squeeze Means Merry Christmas for Wal-Mart

Retailer expects blockbuster season as cash-strapped shoppers seek bargains

(Newser) - Wal-Mart is readying for bumper sales while most US retailers brace themselves for a miserable holiday season, the New York Times reports. Squeezed consumers are flocking to the discount chain as the economic downturn begins to bite. The firm is expected to report a modest increase in sales for October,...

Wal-Mart Relents, Will Continue DRM Support

(Newser) - Wal-Mart has backed off plans to shut off its DRM server, at least for now, Wired reports. The retail behemoth had warned online music store customers of the upcoming shutdown, which would prevent customers from moving any files they’d already bought. Now, after public outcry, Wal-Mart is relenting—just...

Wal-Mart Launches $10 Toys, Stores Vow 'This 'R' War'

Rivals match Wal-Mart price cuts as retailers target cash-strapped shoppers

(Newser) - Toy retailers have commenced a fierce price war as a particularly tough holiday season bears down upon them, the Wall Street Journal reports. Wal-Mart cut prices to $10 on key toys including Barbie and Hot Wheels last week, a move quickly mirrored by rivals KB Toys and Target. Toys 'R'...

Reusable Bags: A Tricky Shade of Green

Thicker plastic requires more energy to produce, decomposes slower

(Newser) - Reusable shopping bags are this year's “it” giveaway, but they may not be as green as their feel-good slogans—like “Save the world” and "I used to be a plastic bag"—claim. The problem is that old habits die hard—many people simply forget to reuse...

Fed Porn Probe Targets Spears Photo Thief

Underage breastfeeding pics could carry pornography charges

(Newser) - A stolen photo of teen mom Jamie Lynn Spears breastfeeding has turned what seemed to be a breach of Wal-Mart security into a federal case, TMZ reports. Copies of a dozen snapshots, allegedly purloined when baby daddy Casey Aldridge had legit copies made at a Louisiana store, could result in...

Heart Disease, Diabetes Linked to Everyday BPA

Chemical common in plastic containers used by US adults, children

(Newser) - A chemical found in many containers commonly used by Americans is linked to heart disease and diabetes in a new study, the Chicago Tribune reports. The first large-scale human study of Bisphenol A follows a government advisory on using the chemical near food, and a report connecting it to ill...

Supermarkets Downsize to Speed Up Shopping

'Express' outlets cut back on miles of aisles for rushed shoppers

(Newser) - American supermarkets are starting to shrink after decades of getting bigger and bigger, the New York Times reports. The average supermarket is still larger than a football field, but retailers have begun opening smaller outlets to appeal to rushed consumers who want to pick up groceries without having to wander...

Black Ice Signals New AC/DC Blitz

Aussie power rock group gets back to roots with album you can only get at Wal-Mart

(Newser) - After an 8-year hiatus, AC/DC is back—in black, one might say, as their album Black Ice is poised to go on sale exclusively at Wal-Mart stores Oct. 20, Rolling Stone reports. In 2 months of studio work, the Aussie rock icons churned out 15 new songs (including four with...

Wal-Mart Profits Surge 17%
 Wal-Mart Profits Surge 17%
EARNINGS REPORT
Aug 14, 2008 7:57 AM CDT

Wal-Mart Profits Surge 17%

Retailers ups its outloo for the year after another strong quarter

(Newser) - Wal-Mart's second-quarter profits surged 17%, spurred by bargain-hunting shoppers and tax-rebate checks, reports Bloomberg. The world’s largest retailer also revised its full-year estimates upward, while cautioning that rising energy and food costs make the outlook more volatile from week to week. The company said its net income rose to...

Solar Roofs Give Stores Moment in Sun

Increasingly, US chains turning to solar power as a way to reduce costs

(Newser) - Some of the largest US retail chains have begun to embrace solar power as a way to reduce energy costs and to wrangle some cred among green-conscious shoppers, reports the New York Times. Kohl’s, Macy’s, Safeway, and Whole Foods are among chains rushing to install test panels on...

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