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Is Inflation Here? Walmart Warns of Rising Prices
Friday, April 1, 2011 - 9:50am | 135When the CEO of Walmart says that inflation is coming, we best be on the lookout. As head of America's largest retailer, Bill Simon is in a unique place to see inflation traveling all the way through the supply chain. Walmart's (NYSE: WMT) advanced computer systems are the some of the largest and...
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Citi Reports On WMT International Conference
Friday, April 1, 2011 - 9:12am | 95Citi has issued a report regarding Wal-Mart Stores' (NYSE: WMT) China Operations. According to Citi, “We had the opportunity to learn about WMT's China operations, which represent 6.9% of WMT's International division sales and 1.8% of total company sales currently. The company is eager to tap...
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Brian Sozzi Says Sell Wal-Mart (WMT)
Thursday, March 31, 2011 - 2:52pm | 164Brian Sozzi of Wall Street Strategies was on Yahoo Finance's "Breakout" program, and he said to sell Wal-Mart (NYSE: WMT). Sozzi put a sell rating on the world's largest retailer in December, and continues to be so. Earlier today, Wal-Mart CEO Bill Simon came out and said that he sees "serious...
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Wal-Mart CEO Warns of 'Serious Inflation' For US Consumer (WMT)
Thursday, March 31, 2011 - 11:26am | 55Wal-Mart's (NYSE: WMT) CEO, Bill Simon, warns of "serious inflation" for the US consumer in clothing, food, and other products, in a report Wednesday. Check out the rest of the story,
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March Market Madness: Wal-Mart Stores (WMT)
Thursday, March 31, 2011 - 11:10am | 266As we mentioned earlier, this month we are going to be looking at the stocks that make up the DJIA. Next up, Wal-Mart Stores (WMT). Over the last few weeks we have started a discussion of some of the more important features of our “OneSheet” stock overviews. Now we are going to present the next...
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Wal-Mart CEO Expects "Serious Inflation" (WMT)
Thursday, March 31, 2011 - 9:27am | 142Wal-Mart (NYSE: WMT) CEO Bill Simon said that he expects "serious inflation," as input costs are rising sharply. In an article on USA Today, Simon said that he expects a strong increase in inflation, and that the company is doing what it can to deal with suppliers so that it can continue to...
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Citi's Quick Take From WMT's International Conference
Thursday, March 31, 2011 - 8:27am | 104Citi is providing a quick take from day one of the Wal-Mart Stores Inc (NYSE: WMT) international conference. “As of the end of 2010, Walmart Int'l sales were 26.1% of total sales. Sales have grown at a CAGR of 13.0% since 2005, 3x the rate of Walmart U.S. and Sam's Club,” Citi writes. “Looking...
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Zings Of The Day (WMT)
Wednesday, March 30, 2011 - 3:58pm | 99The Supreme Court looks like it will block a massive sex discrimination lawsuit against Wal-Mart (NYSE: WMT). Now we can only hope that the Supreme Court will ban those horrid "people of Wal-Mart" emails as well. My eyes are still burned from the last visuals. The economic recovery is proving to...
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Benzinga's Political Roundup (WMT)
Wednesday, March 30, 2011 - 12:10pm | 114The Supreme Court looks like it's ready to block a sex discrimination lawsuit against Wal-Mart (NYSE: WMT) on behalf of up to 1.6 million women. House Republicans announced a series of bills yesterday that would wind down Fannie Mae and Freddie Mac. A group of federal agencies announced that...
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Walmart Statement Regarding Supreme Court Oral Argument in Dukes Case
Tuesday, March 29, 2011 - 3:49pm | 85"We were pleased to be able to show the Court that Walmart (NYSE: WMT) had a strong non-discrimination policy in place well before the lawsuit was filed, and to illustrate the other flaws in the plaintiffs' theories." "Walmart is working hard every day to ensure more women are represented in our...
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Women Take On Wal-Mart (WMT)
Tuesday, March 29, 2011 - 8:46am | 316The nation's largest retailer Wal-Mart (NYSE: WMT) faces accusations of gender discrimination in potentially the largest class-action suit in history. 600,000 to 1.5 million plaintiffs expressed complaints of gender discrimination in the Wal-Mart workplace. In a lawsuit that began over a decade...
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Wal-Mart Limping Intra-day
Monday, March 28, 2011 - 10:23am | 59Wal-Mart Stores Inc.(NYSE: WMT) is the dominant retail stock in the market. This morning the retail giant is trading lower by 0.10 cents to $52.24 a share. Short term scalp trader can watch the $52.00 area for intra-day support. This is a likely intra-day bounce area for the stock. Nicholas...
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In-Depth Analysis: Best Buy (BBY, AMZN, WMT, BKS, BGP)
Friday, March 25, 2011 - 8:59am | 810Best Buy (NYSE: BBY) reported fourth quarter and full year earnings yesterday and failed to meet analysts' expectations. Best Buy reported revenue of $16.26 billion in the fourth quarter compared to $16.55 billion in the same period a year ago, or a decrease of 1.8%. Net income decreased by 16.4%...
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Walmart Eastern Business Unit to Be Headquartered in Atlanta
Thursday, March 24, 2011 - 8:33am | 68Walmart (NYSE: WMT) announced today that the new eastern business unit will be headquartered in Atlanta, Ga. Walmart's eastern business unit is comprised of nearly 1,600 stores in 20 states spanning from Florida to Maine with approximately 560,000 associates. The eastern business unit will be led...
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Citi Updates On BJ and LGP
Wednesday, March 23, 2011 - 7:48am | 111Citi has reported that Leonard Green Partners and BJ's Wholesale Club, Inc. (NYSE: BJ) have entered into a confidentiality agreement to look into a possible acquisition. According to Citi, "Leonard Green Partners, L.P. (LGP) and BJ have entered into a confidentiality agreement which provides LGP...