Hints and tips:
...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...
...Consumer staples – which had led the market lower in the previous session, when the latest batch of glum corporate earnings took in erstwhile defensive food companies – took comfort from Wal-Mart’s sales...
...Wal-Mart was one of the only exceptions as down-trading consumers allowed the discounter to escape a retail decline. Same-store sales beat expectations, helping the shares hold steady at $59.78....
...Wal-Mart Stores slid 1.6 per cent to $58.09 while Kroger lost 2.3 per cent to $28.18....
...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....
...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”....
...THE WAL-MART EFFECT: How an Out-of-Town Superstore Became a Superpower by Charles Fishman Allen Lane ₤12.99, 304 pages A brave attempt to provide a balanced account of the retail giant....
...Target fell 2.3 per cent to $52.61 while Wal-Mart lost 1.7 per cent to $47.14....
...Sales figures from US retail companies were mixed yesterday, with Wal-Mart saying July same-store sales rose 4.4 per cent. But the shares in the retailer slipped 0.8 per cent to $49.29....
...Shares in Wal-Mart, the world’s largest retailer, climbed 58 cents, or 0.2 per cent to $51.61. It posted unexpectedly strong numbers for February, with same-store sales rising 4 per cent....
...Dealers said the speculation was prompted by a dinner Wal-Mart had with Merrill Lynch earlier this week in London, when the US retailer outlined plans to open up to 300 non-food stores in the UK....
...Wal-Mart drifted down 0.8 per cent to $53.55 after reporting that same-store sales for September rose 2.4 per cent....
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