Tag: Wal-Mart

November 20, 2017

Most of the upside for Wal-Mart’s stock is now behind it after its big run this year, according to Goldman Sachs. The firm on Monday lowered its rating for Wal-Mart shares to neutral from buy, citing valuation. In a note […]

March 1, 2017

Amazon and Trader Joe’s are America’s favorite retailers, according to a new survey. The e-commerce company and grocery chain each received a a score of 86 out of 100 in the latest American Customer Satisfaction Index, which was released on […]

November 17, 2016

Wal-Mart Stores Inc on Thursday reported lower-than-expected quarterly sales at established U.S. stores, hurt by declining food prices and unseasonably warm weather, and its shares fell nearly 3 percent. Investors shrugged off earnings that slightly exceeded analysts’ estimates. Wal-Mart, the […]

August 11, 2016

Wal-Mart Stores’s Mexican unit said on Wednesday it has agreed to sell its Suburbia clothing chain to El Puerto De Liverpool for about $852 million as the world’s largest retailer streamlines operations in its largest non-U.S. market. Wal-Mart De Mexico […]

August 9, 2016

Wal-Mart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon. Wal-Mart is paying $3 billion in cash and another $300 million […]

May 20, 2016

The first quarter of 2016 has been a “bloodbath” for a wide range of major retailers, with poor sales leading to plunging stock prices. The long list of struggling stores includes J.C. Penney, Macy’s, Gap, Target, Kohl’s, Dillards, and Nordstrom, […]

November 24, 2015

With serious slides on the year, three giant companies have seen their combined market value diminish by nearly a fifth of a trillion dollars in 2015. Out of all the S&P 500 companies, the one that has lost the most […]

October 27, 2015

Source photo Wal-Mart Stores Inc. WMT, -0.48% intends to test drones for package delivery and pickup and for checking warehouse inventories. The retailer submitted an application Monday to U.S. regulators for permission to test drones outdoors, following in Amazon’s footsteps. […]

October 1, 2015

Wal-Mart Stores Inc. is preparing a round of layoffs as early as Friday that would affect hundreds of employees at its Bentonville, Ark., headquarters, according to people familiar with the situation. Human resources employees have reserved many of the meeting […]