wal-mart stores

Walmart Used Bribes to Open 19 Mexico Stores: NY Times

In the new report published on its web site, the Times detailed specific instances in which Walmex allegedly paid off officials to expand in Mexico. The alleged payoffs often related to zoning laws and environmental permits that would have otherwise prevented Walmex's opening of new stores.

Walmart to Hire More Than 50,000 for U.S. Holiday Rush

Wal-Mart plans to hire more than 50,000 seasonal employees to work at its Walmart stores in the United States, slightly more than it did last year, as it gets ready for the winter holiday season, its busiest time of year

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.

Wal-Mart Ending Membership in Conservative Group

Wal-Mart, the world's No. 1 retailer and the biggest seller of firearms in the United States, is dropping out of a U.S. conservative advocacy group that has been a lightning rod over voting and gun laws.

Wal-Mart Is Losing to These Specialty Stores

One of Wal-Mart's problems is the rise of dollar stores, which the Great Recession has rendered trendy: It's hard to resist merchandise priced at just a buck. For investors, not all rock-bottom retailers are created equal. Here's how to shop for these stocks (and stretch your investing dollars in the process).

Why Walmart's Greatness Is Over

Tuesday morning's big earnings report was from Walmart, and the results have been trumpeted as impressive: Profits were up 5.7%. But a closer look at the numbers, and a careful consideration of recent retail history, suggests that the world's largest retailer is a fading giant.

Wal-Mart Expands Check Cashing Service

Wal-Mart will expand check-cashing services at its Money Centers, bringing the largest public corporation by revenue into a decidedly low-rent business. The big box store will follow its usual strategy, charging less than competitors. With approximately 9 million "unbanked" U.S. households, this could be quite lucrative.

Wal-Mart Finally Embraces Its Gritty Image

Great selection, low prices, and tolerable shopping conditions have long been recognized as Wal-Mart's winning formula. Fortunately, the company itself is starting to see it that way too. It hasn't been easy to attain, but Wal-Mart's self-knowledge should be good news for investors.

Target to Open Its First Canadian Stores in 2013

Target will open its first stores in Canada in 2013, the second-largest discount retailer in the U.S. announced in a statement Thursday. The company agreed to pay $1.84 billion to acquire the leasehold interests for as many as 220 sites operated by Hudson's Bay Co.'s Zellers stores.

At Walmart This Holiday Season: Higher Toy Prices

Walmart Stores increased prices of thousands of toys at each store this month, as the world's largest retailer looks to turn around its trend of negative same-store sales by spurring holiday-season revenue, Bloomberg News reported.

Walmart Takes Aim at Amazon with Free Shipping Offer

In a move targeted at online retail giant Amazon.com, Walmart.com on Thursday announced it's offering free shipping on nearly 60,000 gift items -- including popular toys and electronics -- through Dec. 20.

Walmart Considers Scaling Back Massmart Plans

Wal-Mart Stores (WMT) may change its plans to buy South African retailer Massmart, choosing instead to take a majority stake in the company. This would allow Massmart to maintain its listing on the Johannesburg Stock Exchange, The Wall Street Journal reported.

Wal-Mart CEO 'Optimistic' About India Investment Rules

Wal-Mart Stores (WMT) CEO Michael Duke said he is "optimistic" that foreign companies will be allowed to invest in the Indian retail sector. Wal-Mart is hoping that India%u2019s government will loosen restrictions on foreign investment after the trade ministry invited views from the industry, Bloomberg News said.

Wal-Mart to Increase Workforce by 36% in Five Years

Wal-Mart Stores Inc (WMT) will increase its workforce by 36% in the next five years to take advantage of growing international demand. The new hires will take the company%u2019s headcount to 3 million, from 2.2 million now, Susan Chambers, executive vice president for human resources, said at a conference in India.

Wal-Mart Plans $4.6 Billion Move for South Africa's Massmart

Wal-Mart Stores (WMT) is planning a $4.6 billion offer of about $4.6 billion for South African retailer Massmart. The deal would value Massmart at 148 rand ($21.10) a share, Bloomberg News said. That%u2019s 9.8% higher than the company%u2019s last closing price.

Wal-Mart Planning to Enter Convenience Store Market

Wal-Mart (WMT) is planning to enter the market for local convenience stores in large cities, The Financial Times reported. Wal-Mart, America%u2019s largest retailer, is looking at property for smaller-format stores in urban areas including San Francisco and Detroit.

Sam's Club Testing Small-Business Loan Program

Sam's Club and Superior Financial Group are testing an online program to offer loans of $5,000 to $25,000 to qualified members, Sam's Club said in a statement. Sam%u2019s Club and Superior Financial Group are testing an online program to offer loans of $5,000 to $25,000 to qualified members, Sam%u2019s Club said in a statement.

Wal-Mart winning over Chicago

Wal-Mart winning over ChicagoWal-Mart's battle to breach big cities is actually beginning to bear fruit. The behemoth's years-long attempt to open stores in Chicago is finally...

Wal-Mart Slashes iPhone Price to $97 for 3GS Model

Wal-Mart is now offering Apple's base model 3GS iPhone at less than half price. But with the unveiling of the next-generation iPhone expected in just a couple of weeks, the discount retail giant is doing Apple a favor by helping it clear out its inventory of soon-to-be-outdated smartphones.