Walmart Shares Down as International Growth Slows
Wal-Mart Stores Inc's full-year profit may miss analysts' expectations as growth slows in its international markets, pressuring the company even as its U.S. discount stores continue to prosper.
discount stores
5 Things to Watch Next Week on Wall St.
Next week brings more earnings reports from big-name companies, including several home improvement giants, a couple of "good enough" computer makers, penny-pinching discount masters, and office supplier Staples -- whose results might stand as an indication of the broader economy's health.
Mancession Offers Insight Into Male Shopping Trends
Men, who have endured slightly higher unemployment rates than women, have been taking on more of the household shopping, according to a recent report. The trend hasn't boded well for stores: On average, men spend less than women on each trip.
Dollar General to Hire 6,000 for 2011 Expansion
Dollar General announced Monday morning that its 2011 expansion plan to open 625 new stores will allow it to hire 6,000 workers this year. The discount retailer plans to add stores in markets across its existing 35-state operating area, as well as in three new states: Connecticut, Nevada and New Hampshire.
TJX to Cut 4,400 Jobs, Eliminate A.J. Wright Brand
The TJX Companies announced Friday that it was shutting down its A.J. Wright brand, converting 91 of its 162 stores to those of its other brands -- T.J. Maxx, Marshalls or HomeGoods -- and closing the rest. The move will eliminate 4,400 jobs, about half of them part-time positions.
How Dollar Stores Are Eating Walmart's Lunch
Thrifty shoppers looking for low prices on basics are frequently passing up the big boxes of Walmart for the tighter aisles of their local dollar stores. The cheaper upstarts have replaced no-name products with nationally known brands and revamped their interiors to lure in a new crop of bargain hungry customers.
Five Retail Stocks Worth Putting on Your Shopping List
We started with Citi Investment Research's top global retail picks for an "hourglass" recovery (benefiting retailers on the high and low ends). After drilling down into the fundamentals and valuations, here are our five favorites.
Face-Off on Stocks: Costco, BJ's, Wal-Mart
Retail stocks tend to rise ahead of other sectors in the early stages of an economic recovery, and so far, following a familiar pattern, both up-market and discount chains have benefited at the expense of middle-market players. So is it time to buy stock in wholesale clubs?
Target Aims for Cities: First 'Urban' Store Coming to Seattle in 2012
Target Corp. will open its first smaller, "urban" store in Seattle in 2012, marking attempts by the second-largest U.S. discount store chain to boost business by expanding beyond its largely suburban customer base.
An Overlooked Bargain: 99 Cents Only Stores
The deep-discount chain is one of the most ignored stocks in retailing. Investors who pay no attention, however, are missing a company in the midst of a strong turnaround -- and with solid prospects for coming years.
