Walmart News Now

05/26/2011 - 13:43

Walmart CFO Charles Holley participated in the Citi Global Consumer Conference this past Tuesday, and he had the challenge of appearing just one week after Walmart released first-quarter results. Given the timing, it would have been reasonable to expect that he wouldn’t have a lot of new information to share, and while he certainly covered a lot of familiar ground, there was one area that stood out.

05/26/2011 - 13:11

Walmart took prices up in April, and the average gap with competitors narrowed to 16.8% from 17.8% the prior month, according to the most recent monthly survey of prices conducted in the Dallas and Chicago markets by Credit Suisse.

05/20/2011 - 11:33

Walmart and Target are the top go-to retail stores for college students, according to a new study.

05/19/2011 - 17:54

It’s true. Sam’s Club smoked its first quarter same-store sales guidance that called for a 1% to 3% increase by hanging a 4.2% increase on the board and managed to grow operating profits by 7% to $459 million, easily outpacing the performance of Walmart’s U.S. stores and international division.

05/19/2011 - 17:10

Sales at Walmart’s international division increased 11.5% to $27.9 billion, aided to a large degree by a $1.3 billion currency exchange benefit, without which the sales increase would have been a more modest 6.2%.

05/19/2011 - 16:58

U.S. Preventive Medicine's new version of a health management solution for small businesses now is available at Sam's Club.

05/19/2011 - 15:54

Despite progress on several key merchandising initiatives during the first quarter, it wasn’t enough to prevent Walmart from logging a 1.1% decline in same-store sales, losing customer traffic and introducing the possibility the second quarter will bring more of the same. The company’s forecast for second quarter same-store sales envisions a range of possibilities between a 1% decline and 1% increase.

Walmart turned what appeared to be some fairly grim news on the U.S. sales front into a message of inspiration by pointing out that growing comps is the senior management’s highest priority, and positive results are being realized in areas where strategic initiatives have been in place the longest.

05/19/2011 - 15:42

So maybe the Walmart U.S. isn’t lighting things up on the same-store sales front just yet; the division did manage to grow total sales by 0.6% to $62.7 billion and increase operating profits by 0.8% to $4.65 billion. This despite the fact that division president and CEO Bill Simon noted the paycheck cycle remains pronounced, and higher year-over-year gas prices are eating into the disposable income of the company’s core shoppers who are consolidating trips.

05/17/2011 - 15:51

Wal-Mart Stores may give up its quest to buy a controlling stake in South Africa’s Massmart Holdings Ltd., if South Africa forces local procurement conditions on the retailers, the companies said, the Associated Press reported.

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