Hints and tips:
...South Africa appeal court dismisses case against Wal-Mart’s Massmart deal Regulators’ approval of Wal-Mart Stores Inc....
...http://www.ft.com/intl/cms/s/0/115447dc-92c9-11e1-b6e2-00144feab49a.html WalMart workers freed after mislabeling charges Authorities in Chongqing, China, released two Wal-Mart Stores Inc. employees jailed...
...Wal-Mart may open India retail stores Wal-Mart and Carrefour may gain access to the retail market of the world’s second most-populous country after an Indian government panel was said to have recommended...
...Wal-Mart Stores is expected to compete in an auction against South Korea’s Lotte Shopping and private equity fund Carlyle Group to buy Indonesian retailer Matahari’s hypermarket busines, Reuters reports....
...The Target stock has outperformed Wal-Mart over a 10 year period, a 5 year period, and in 2009 to date(1)....
...But it has struggled to cope with both increased low-cost competition from discount retailers, led by Wal-Mart, and from Amazon, the online retailer, amid a broader decline in book sales....
...Another bright spot was Wal-Mart, up 4.5 per cent to $55.85 on the back of better-than-expected revenue....
...Costco Wholesale reported a 9 per cent rise in same-store sales in May, while Wal-Mart reported a 3.9 per cent rise. Wal-Mart rose 3.7 per cent to $59.80 and Costco added 3.8 per cent to $73.50....
...The retailer, which operates over 1,100 bookshops in the US, Australasia and Singapore, has been struggling to reposition itself in the face of low-cost competition from rivals including Wal-Mart and Amazon.com...
...Wal-Mart Stores slid 1.6 per cent to $58.09 while Kroger lost 2.3 per cent to $28.18....
...Pulling into the parking lot of Mardel’s Christian & Education bookstore, a chain with Wal-Mart-sized shops, Jim says: “Look at all these supposedly Christian people parked in the handicapped spaces.”...
...But Wal-Mart provided some cheer....
...However, the S&P retail index climbed 3.7 per cent to 403.51 as analysts said weaker consumer spending was already priced in to many retail shares, Wal-Mart’s same-store sales rose only 0.5 per cent in...
...Casey Jones, Dell’s vice-president of global marketing, said a top priority of the new WPP group would be to support the computer maker’s push into retail stores....
...Although Wal-Mart , up 3.2 per cent at $48.40, reported solid results and other low-cost chains fared well, niche retailers disappointed as middle-market consumers cut back on discretionary spending....
...Li & Fung, a big supplier to Wal-Mart stores in the US, fell by 7.2 per cent to HK$27. Singapore shares also suffered, ending a shortened trading session 3.5 per cent lower at 2,932.05....
...“We need this foreign presence,” said de Castro, pointing out that Italy does not have a Wal-Mart, Carrefour or Tesco to promote its brands abroad....
...Wal-Mart gained 1.6 per cent to $42.94, after the retailer reduced its reported second-quarter profit by $153m as it took a charge from selling its German retail operations....
...Wal-Mart slipped 1.6 per cent to $46.72 after the retailer’s chief executive said that 2007 would be “challenging”....
...Home Depot, the second largest US retailer, has also been looking for possible partners in China, while Wal-Mart, the largest US retailer, has been steadily expanding its presence there....
...Drugstore CVS lost8.7 per cent to $29.32 as Wal-Mart announced it was expanding its discounted sales of generic drugs....
...Retail was in focus with Wal-Mart losing 2.2 per cent to $44.16 after Merrill Lynch cut its rating on the stock from “buy” to “neutral”....
...Wal-Mart dropped 1.3 per cent to $47.57 after the world’s largest retailer said on Saturday that June sales would be at the lower end of forecasts....
...Additional reporting by Adam Jones in Paris...
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