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Wal-Mart Stores is reducing its capital spending forecast for fiscal 2009 as it slows construction of supercenters amid a weakening U.S economic environment. ...more
June 18, 2008
Tax rebate checks gave consumers a little extra money in their pockets during May, but most were still spending conservatively, buying necessities such as food and gas and shying away from splurging on clothing or furniture. The result was some better-than-expected sales for the nation's retailers, with lower-priced merchants such as discounters and wholesale clubs showing the strongest gains. ...more
June 6, 2008
Investors have found plenty of reasons to be optimistic about Wal-Mart of late, as the company found the right mix of merchandise and marketing to complement its refocus on low prices at a time when Americans are seeking less expensive options. ...more
June 4, 2008
Apparel retailers who once saw the government's economic stimulus plan as way to heat up winter's dismal sales are wondering if it's ever going to get warm. ...more
June 3, 2008
A weak holiday season and a struggling economy led retailers Sharper Image Corp. and Lillian Vernon Corp. to file for bankruptcy this week, and analysts predict others could soon follow them as consumer spending worsens. ...more
February 21, 2008
Defying the gloom that many retailers are feeling, Wal-Mart Stores Inc. expects a more profitable year selling to penny-pinching shoppers after its renewed focus on low prices paid off during the holidays with a 4 percent rise in fourth-quarter profit. ...more
February 20, 2008
Wal-Mart said Tuesday that it will discount some products as much as 30 percent as it aims to lure customers by under-pricing rivals. Price reductions will be available on thousands of items, including food, televisions, gym equipment and home products. ...more
January 30, 2008
Target Corp., Limited Brands and Dillard's reported quarterly earnings that trailed analysts' estimates after rising mortgage payments and gasoline prices crimped consumer purchases. ...more
November 21, 2007
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