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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
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
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
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