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Latest Finance News related to Wal-Mart

Patagonia and The North Face: saving the world – one puffer jacket at a time image
....) Both Contois and Langer wear Patagonia in a way that would make Chouinard smile, even though much of their actual equipment comes from niche brands. For the real dirtbag, who now regards The North Face somewhat like McDonald’s or Wal-Mart, even Patagonia has mostly sold out to the urban yuppie. ...
Why Donald Trump can't bully China on trade image
Source : Guardian [Read Article] Thursday 9th of February 2017 11:35:27 AM
.... China has financial weapons, including trillions of dollars of US debt. A disruption of trade with China could lead to massive price increases in the low-cost stores – for example, Wal-Mart and Target – on which many Americans rely. ...
Asda has worst quarterly sales drop blaming food deflation image
Source : BBC [Read Article] Thursday 18th of August 2016 12:11:18 PM
....2%. Earlier this year, Wal-Mart said it would, over the next two years, spend $2. ...
Ikea paves way for first Indian store image
Source : BBC [Read Article] Friday 12th of August 2016 04:07:53 PM
....2bn) in India over the next 10 years. While other global retailers like Wal-Mart and French hypermarket chain Carrefour hit a wall here and abandoned plans, Ikea is building a symbolic stone wall on its new 13-acre plot of land in Hyderabad. ...

‘Someday a woman will be president’: Why a T-shirt controversy from 1995 has gone viral
 image
....com/jqqbmZFMCa. The T-shirt was apparently considered ‘offensive to some shoppers’ said Wal-Mart in 1995 after they were removed. ...
Walmart Canada to stop accepting Visa cards image
Source : Guardian [Read Article] Sunday 12th of June 2016 12:54:48 AM
....Walmart has been unable to agree with Visa on an “acceptable fee,” and will no longer accept the company’s credit cards starting 18 July , it said in a statement. The move will not affect the US stores of parent Wal-Mart Stores. ...
Does 'pay by app' mean an end to shopping queues? image
Source : BBC [Read Article] Thursday 31st of March 2016 11:06:01 PM
....Market research outfit TrendForce is forecasting steady growth in the mobile payments market over the next four years. In the US, big firms like retailer Wal-Mart and bank JPMorgan Chase & Co. ...
India's business turnaround king image
Source : BBC [Read Article] Monday 29th of February 2016 12:14:00 AM
....Like its industry rivals in India, the majority of its business is doing IT work for clients in the West. In Infosys's case, its customers include US giants Apple and Wal-Mart. ...
Asda sales plunge amid pressure from Aldi and Lidl image
Source : Daily Express [Read Article] Friday 19th of February 2016 12:01:00 AM
. The supermarket group, owned by US retail giant Wal-Mart, posted a 5. ...
Walmart ordered to reinstate workers image
Source : BBC [Read Article] Friday 22nd of January 2016 07:03:54 PM
....The judge disagreed and ordered Walmart to compensate the workers for "loss of earnings and other benefits suffered as a result of the discrimination against them". He also ordered Wal-Mart to hold a meeting in 29 stores throughout the country to inform employees of their right to strike, and to promise not to threaten or discipline employees for doing so. ...
Asda warns of more retail turmoil image
Source : Telegraph [Read Article] Saturday 9th of January 2016 08:00:06 PM
Five ways to get Tesco back on track image
Source : Telegraph [Read Article] Tuesday 15th of December 2015 09:19:11 PM
.... Dave Lewis. Asda’s problems are part of a wider issue being played out at Wal-Mart, its US parent, and one of the reasons chief executive Andy Clarke has hired Roger Burnley to be his chief operating officer from J Sainsbury – the only one of the "Big Four" incumbent supermarkets to see an increase in sales last month. ...
Female billionaires multiply sevenfold in 20 years (but don't get too excited) image
...." . The wealthiest female billionaire is Christy Walton, who inherited the Wal-Mart fortune when her husband died in 2005. ...
Newell Rubbermaid in $15bn takeover image
Source : BBC [Read Article] Monday 14th of December 2015 10:04:51 PM
.... . Wal-Mart, which provides nearly 13% of Newell Rubbermaid's revenue. ...
Asda cuts petrol price to under £1 a litre while 'not participating' in Black Friday image
.... . The supermarket, which is owned by the US retail giant Wal-Mart, is credited with making Black Friday a mainstream event in the UK. ...
Source : Reuters [Read Article] Friday 27th of November 2015 07:36:40 AM
.... He noted the mall was less crowded than he expected. Asda, which is owned by Wal-Mart and was one of the UK's Black Friday pioneers, stepped back from the event this year, blaming "shopper fatigue". ...
Israeli tech company Trendit plans London IPO image
Source : Telegraph [Read Article] Saturday 21st of November 2015 09:10:59 PM
.... . Its technology was used to gather information about a 300,000-person protest over conscription of yeshiva students in Jerusalem last year, and to analyse visits to Wal-Mart in California. ...
Asda sales fall for fifth quarter image
Source : BBC [Read Article] Tuesday 17th of November 2015 12:58:54 PM
....". The results come a month after Wal-Mart warned profits would be lower than forecast, because it was investing in e-commerce as well as increasing employees' wages. ...
Aldi and Lidl plot to open five times as many new stores as Big Four image
Source : Telegraph [Read Article] Saturday 14th of November 2015 07:30:29 PM
.... . Meanwhile, Wal-Mart owned Asda said in October that it would slow its London expansion in favour of investing in the refurbishment of its existing larger stores. ...
Star Wars and Deadpool costumes send morphsuit Halloween sales out of this world image
.... . "One of the catalysts for the growth was Wal-Mart buying Asda [in 1999]," explained Mr Lawson. ...
JP Morgan to launch a rival to Apple Pay called Chase Pay image
Source : Telegraph [Read Article] Monday 26th of October 2015 09:51:47 PM
.... . JP Morgan has signed a deal with the Merchant Customer Exchange, a group of major retailers including Wal-Mart, the largest US retailer, and Best Buy to accept payments through the bank's technology. ...
GE reports strong quarterly profit image
Source : BBC [Read Article] Friday 16th of October 2015 04:10:38 PM
.... . The earnings season has been somewhat disappointing, with big names such as JP Morgan and Wal-Mart coming out lower than expected. ...
Wal-Mart shares fall on profit warning image
Source : BBC [Read Article] Wednesday 14th of October 2015 06:19:03 PM
. Shares in the world's biggest retailer, Wal-Mart, have plunged after it cut its profit forecast. ...
Wal-Mart profit warning sends shares tumbling image
Source : Telegraph [Read Article] Wednesday 14th of October 2015 04:36:28 PM
. Shares in Wal-Mart suffered their worst losses in 15 years after the US retailer warned profits would fall in the face of rising wages and sluggish growth. ...
Wal-Mart shares dive on profit warning image
Source : BBC [Read Article] Wednesday 14th of October 2015 03:51:49 PM
. Shares in the stores giant Wal-Mart fell 10% in afternoon trading after the company warns earnings will be below forecasts. ...
Source : Reuters [Read Article] Monday 12th of October 2015 06:29:38 AM
.... Tesco, Britain's biggest supermarket chain, has revamped its price-matching scheme to give shoppers instant reductions on branded goods at the till, the latest shot to be fired in the current price war. Tesco's existing "Price Promise" scheme gives customers a voucher to use on future visits if their basket of goods, consisting of both branded and non-branded items, could have been purchased more cheaply at its "big four" rivals - Wal-Mart's Asda, Sainsbury's and Morrisons. ...
Morrisons shows living wage need not sound death knell for retailers image
Source : Guardian [Read Article] Tuesday 29th of September 2015 06:48:00 PM
.... At Asda in the 1990s, Norman handed out share options to all, hoping to create a spirit of ownership. It worked, and those options paid out handsomely when Wal-Mart bought the business in 1999. ...
Ignore the Corbynistas, workers are finally securing a pay increase image
Source : Telegraph [Read Article] Wednesday 16th of September 2015 04:34:02 PM
.... In the past few months, there have been headline-grabbing pay rises from some huge employers. Earlier this year, Wal-Mart, the grocery chain, raised its basic wage to $9 (£5. ...
Asian shares plunge to two-year lows as China stocks continue to fall image
Source : Guardian [Read Article] Wednesday 19th of August 2015 04:55:02 AM
....Wall Street shares also retreated overnight, with the S&P 500 sliding 0. 26%, pressured by weak earnings from retail giant Wal-Mart. ...
Wal-Mart raises minimum pay. Workers complain image
Source : Telegraph [Read Article] Thursday 6th of August 2015 11:01:06 AM
. When Wal-Mart chief Doug McMillon announced plans to boost store workers’ minimum wage earlier this year, he said the move was intended to improve morale and retain employees. ...
....The extent of Asda’s downfall was laid bare as Sainsbury’s overtook it to become the country’s second biggest grocer for only the third time in 12 years. The supermarket, owned by the US giant Wal-Mart, had managed to avoid the industry-wide price war that left the chief executives of Tesco and Morrisons out of a job and saw Sainsbury’s record a loss for the first time in a decade. ...
Source : Independent [Read Article] Wednesday 29th of July 2015 12:44:56 AM
....Asda sometimes gets forgotten in the always entertaining saga of Britain’s battling supermarkets. Being owned by America’s Wal-Mart means it doesn’t issue a trading statement every few weeks and is therefore less visible. ...
German Lidl and Aldi chew into the 'Big Four' British supermarkets image
Source : Daily Express [Read Article] Tuesday 28th of July 2015 10:26:00 PM
....3 per cent sales drop as its decline was not as sharp as the 2. 7 per cent fall at the Wal-Mart-owned chain. ...
Amazon overtakes Walmart to become largest US retailer image
Source : Telegraph [Read Article] Thursday 23rd of July 2015 11:03:50 PM
....9 in after-hours trading, giving the company a market cap of more than $261bn. Wal-Mart is valued at $233bn. ...
Facebook founder Mark Zuckerberg moves step closer to becoming world's richest person image
.... The highest-placed female in Bloomberg's list is Christy Walton. The widow of John T Walton, the second son of Wal-Mart founder Sam Walton, has a fortune of $36. ...
Where in the world are you most likely to find a female billionaire? image
Source : Telegraph [Read Article] Wednesday 15th of July 2015 12:38:19 PM
.... . The richest woman in the world, Christy Walton, inherited a stake in retailer Wal-Mart from husband John Walton when he died. ...
Starbucks to open in South Africa image
Source : BBC [Read Article] Tuesday 14th of July 2015 12:04:07 PM
.... . A number of other US companies have moved into the South African market, including Wal-Mart. ...
Source : Independent [Read Article] Thursday 25th of June 2015 12:30:12 AM
.... The software group said revenues will grow at a steady 6 per cent for the next two to three years. Investors stocked up on supermarket shares with the buzz coming from the $29bn merger of the Netherlands’ Ahold and Belgium’s Delhaize to take on Wal-Mart in the US. ...
Once the world's largest retailer, Alibaba admits defeat in the US after just a year image
.... . The company, based in the eastern Chinese city of Hangzhou, became the largest retailer in the world last October overtaking American giant Wal-Mart. ...
Media scare stories are the real drivers of transparency image
Source : Guardian [Read Article] Monday 15th of June 2015 03:49:18 PM
.... “This indicates an increase in the importance and prioritisation from the business community to engage with civil society organisations on this issue,” says Eriksson. Brands are more scared of a story in a high-readership publication, which can have complex reputational effects, says New, than they are of consumers using an app as they trudge around Wal-Mart or shop online. ...
Saks Fifth Ave owner to buy Kaufhof image
Source : BBC [Read Article] Monday 15th of June 2015 01:50:35 PM
.... . The world's biggest retailer, Wal-Mart, moved into the German market in 1998, only to retreat in 2006, selling its 85 German stores to Metro. ...
Sainsbury's in further sales fall image
Source : BBC [Read Article] Wednesday 10th of June 2015 06:40:11 AM
....9%, again due to price cuts and food deflation. Sainsbury's is the UK's third largest supermarket chain by annual revenue, after Tesco and Wal-Mart-owned Asda. ...
Apple reveals its Spotify rival image
Source : BBC [Read Article] Monday 8th of June 2015 06:26:28 PM
Grocery giants Ahold and Delhaize enter $25bn merger talks  image
Source : Telegraph [Read Article] Tuesday 12th of May 2015 11:28:56 AM
.... . A combination would create the third-largest North American grocer with 770 stores and around $40bn in annual sales, just behind Wal-Mart and Kroger. ...
Wal-Mart accused of closing stores in 'retaliation' for workers demanding better pay and conditions image
....A major American retailer has been accused of closing five of its stores in retaliation against workers who attempted to campaign for better pay and conditions. Wal-Mart stores announced last week that it was closing five of its stores – in Texas, Oklahoma, Florida and California - on a temporary basis while it carried out plumbing repairs. ...
British business is more profitable than ever and that will drive economy image
.... A new report from KPMG and the Recruitment and Employment Confederation says wages are starting to be pushed up by skill shortages, especially in areas such as teaching and healthcare. It is being seen even more strongly in the US, where the likes of McDonald’s and Wal-Mart have been raising wages above minimum wage. ...
Starbucks offers free tuition fees to cash-strapped undergrads in the US image
.... Howard Schultz, the boss of Starbucks, said that everyone "deserves a chance at the American dream". It comes as the improving jobs market in the US means that major restaurant chains and retailers, including McDonalds and Wal-Mart, are raising hourly wages and improving benefits to compete for the best workers. ...
Walmart has banned Olympic medallist Ronda Rousey’s book because it is 'too violent' image
....Rousey’s sister Maria Burns Ortiz, who co-authored the book, took to Twitter to make the point that Walmart sells guns – but won’t sell a book. Wal-Mart will sell guns, but not a book. ...
Source : BBC [Read Article] Wednesday 1st of April 2015 09:09:42 PM
....The rate is still short of the increase sought by campaigners in recent months. The move follows a similar one by retailing giant Wal-Mart. ...
Telegraph City round-up: Rexam accepts £4.4bn takeover from Ball image
Source : Telegraph [Read Article] Thursday 19th of February 2015 11:43:54 AM
Telegraph City round-up: Rexam accepts £4.4bn takeover from Ball image
Source : Telegraph [Read Article] Thursday 19th of February 2015 11:43:34 AM
Ex-Asda boss Archie Norman's expected move to Tesco welcomed by the City image
Source : Independent [Read Article] Monday 16th of February 2015 01:36:48 PM
....Richard Clarke, a retail analyst at Bernstein, added: “Norman would be a great choice as chairman, with his experience of turning Asda from being nearly broke to a £6. 7bn subsidiary of Wal-Mart. ...
The retail giants of yesteryear have fallen - but cheering feels wrong image
Source : Independent [Read Article] Saturday 7th of February 2015 01:34:01 AM
....If you want to know why these two companies are under the cosh then tune in to any American radio station. There’s a Wal-Mart advertisement playing on a loop at the moment in which the world’s largest retailer touts its lines. ...
PetSmart bought by private investors for $8.7bn image
Source : BBC [Read Article] Monday 15th of December 2014 06:46:01 AM
....PetSmart, which has approximately 54,000 employees and 1,387 stores, told investors in August that it would investigate a potential sale. The firm faces fierce competition from large retailers, including Wal-Mart and Amazon. ...
UK retailers report fall in food prices for first time image
Source : Reuters [Read Article] Wednesday 3rd of December 2014 07:30:03 AM
...."We're seeing the big supermarkets investing in price cuts worth millions of pounds during a hugely competitive period in the food market," said BRC director-general Helen Dickinson. Established retailers such as Tesco, Sainsbury's and Wal-Mart's Asda have cut prices in response to challenges from discounters Aldi and Lidl, who have benefited as slow wage growth makes British consumers more cost-conscious. ...
US Black Friday sales fall 11% on sluggish demand image
Source : BBC [Read Article] Monday 1st of December 2014 05:16:49 PM
...."A strengthening economy that changes consumers' reliance on deep discounts, a highly competitive environment, early promotions and the ability to shop 24/7 online all contributed to the shift witnessed this weekend," said NRF president and chief executive Matthew Shay in a statement. Once more, retailers chose to open earlier on Thanksgiving Thursday in the hope of luring in more shoppers, with Wal-Mart, Target, Macy's and others offering special promotions for those first through the door. ...
US Black Friday quieter as bargains spread over two days image
Source : BBC [Read Article] Friday 28th of November 2014 05:11:20 PM
....But if footfall was subdued, online sales came to the fore. Wal-Mart said Thursday was its second-highest online sales day ever after last year's Cyber Monday, the first Monday in December when many people order items they'd like to arrive in time for Christmas. ...
VIDEO: Black Friday: Wal-Mart workers revolt image
Source : BBC [Read Article] Friday 28th of November 2014 08:50:08 AM
....But in a new twist, it is also becoming the most important day for some US workers. For the third year in a row, a group of labour organisers and Wal-Mart workers are planning to stage a series of strikes. ...
Thanksgiving Day: How Black Friday chewed up – and spat out – an American tradition image
....There’s good publicity in closing on Thanksgiving, which they milk for all it’s worth. But it only means being closed one day a year more than the bad guys like Wal-Mart and Target, whose doors will be open on Thanksgiving. ...
Asda wins back market share despite 'shockwave' in industry image
Source : Daily Express [Read Article] Friday 14th of November 2014 12:00:00 AM
....6 per cent ­during the quarter. Parent campany Wal-Mart didn’t release detailed UK figures, it reported group profits down slightly to $3. ...
Asda succeeds by sticking to its low price mantra image
Source : Telegraph [Read Article] Thursday 13th of November 2014 08:18:28 PM
.... . In many ways this is because the Wal-Mart-owned retailer is sticking to its knitting. ...
Asda sees sales fall as 'shockwave' hits supermarkets image
Source : BBC [Read Article] Thursday 13th of November 2014 01:01:33 PM
.... . Asda, which is owned by US grocery giant Wal-Mart, said sales at stores open more than a year were 1. ...
Alibaba exceeds expectations in first results since IPO image
Source : Telegraph [Read Article] Tuesday 4th of November 2014 02:43:46 PM
.... . Alibaba is roughly the same size as Wal-Mart, the US supermarket giant which has long held the crown as the biggest retailer in the world and had a market capitalisation of $246bn on Tuesday. ...

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