May 18, 2011 |
NEW YORK - Rising gas prices are adding another obstacle to Wal-Mart Stores Inc.'s campaign to reverse a two-year U.S. sales slump. Strong overseas revenue, growth at Sam's Club, and Wal-Mart's specialty - cost-cutting - pushed the world's largest retailer's net income up 3 percent in the first quarter, beating Wall Street expectations. But business at home is still soft. In Tuesday's earnings report, Wal-Mart said it was seeing some improvements but needed more time to see whether hammering its low-price message and restocking items it had scrapped could turn around sales.
May 9, 2011 |
Thor, a 3-D flick featuring the hammer-handlin' hunk from Norse mythology by way of Marvel Comics, nailed down first place for Paramount in the weekend box office wars. Aussie actor Chris Hemsworth plays the god of thunder. Thor 's respectable gate of $66 million far outpaced last weekend's winner, Fast Five , from Universal Pictures, which grossed $32.5 million. Two wedding movies came in third and fourth: Jumping the Broom , from TriStar Pictures, pulled in $13.7 million, while Something Borrowed was close behind at $13.2 mil. Rio , an animated family film about birds, came in fifth at $8.2 million.
May 6, 2011 |
NEW YORK - Wal-Mart Stores Inc. remains atop the Fortune 500 list of America's largest companies even as it struggles to keep its U.S. customers coming in the door. The magazine derives its list based on revenue for the most recent year. It released the 2010 Fortune 500 on Thursday. ( See the full list here. ) In the eight-county Philadelphia region and northern Delaware, 13 companies made the list, topped by AmerisourceBergen Corp., a Valley Forge distributor of pharmaceutical products and services.
April 26, 2011 |
PITTSBURG, Calif. - Betty Dukes was back greeting customers last week at the Wal-Mart here, a long way in distance and circumstance from the U.S. Supreme Court, which heard her gender-discrimination case against the retail giant last month. The high court is considering whether to allow Dukes v. Wal-Mart Stores Inc. , the largest sex-discrimination suit in U.S. history, to go forward as a class action covering as many as 1.6 million current and former Wal-Mart workers. A class-action suit could result in billions of dollars in restitution for institutional bias in hiring and promotion if Dukes and her fellow plaintiffs win the case.
April 12, 2011 |
NEW YORK - Facing a decline in a key sales measure and by intensifying competition, Wal-Mart Stores Inc. on Monday began an ad campaign aimed a winning back customers who no longer trust it to save them money. The campaign promises "Low Prices. Every Day. On Everything" and features five 30-second commercials that range from an Easter egg hunt to a customer asking for a price match. "We have lost our customer confidence . . . in having the lowest price," said Duncan MacNaughton, chief merchandising officer at Wal-Mart.
March 29, 2011 |
WASHINGTON - Christine Kwapnoski hasn't done too badly in nearly 25 years as a Wal-Mart employee, making more than $60,000 a year in a job she enjoys most days. Still, Kwapnoski says she has faced obstacles at Wal-Mart-owned Sam's Club stores in Missouri and California: Men making more than women and getting promoted faster. She never heard a supervisor tell a man, as she says one told her, to "doll up" or "blow the cobwebs off" her make-up. Once she got over the fear that she might be fired, she joined what has turned into the largest job-discrimination lawsuit ever.
February 16, 2011
The Civil War Trust and National Parks Conservation Association needs a lesson on the facts ("For Pa. casino, a civics lesson from Wal-Mart," Friday). It compares the attempt to locate a Wal-Mart on a Southern Civil War battlefield with our proposal to place a resort casino outside of Gettysburg, two miles from the Maryland border. Fact: Unlike the Wal-Mart in Virginia, our proposed Mason-Dixon Resort wouldn't be located on an inch of the mammoth 6,000-acre battlefield. It wouldn't even be in Gettysburg.
January 25, 2011
As Wal-Mart goes, so go many of the nation's retailing trends. That's why it's a big deal that the giant discount chain is launching plans to order up healthier ingredients in thousands of packaged foods on the shelves in its grocery aisles. The public-health impact could be substantial, since Wal-Mart is the nation's largest grocer. Americans' diets are high in salt, sugar, and fats - factors that contribute to obesity and various chronic health conditions. Obesity rates have been on a dangerous rise, especially among children.
October 12, 2010 |
NEW YORK - Wal-Mart Stores Inc. will start selling Apple Inc.'s iPad tablet computer in some stores by Friday and in a majority of locations by the height of the holiday shopping season. The world's largest retailer will sell the iPad at Apple's suggested retail prices, which range from $499 to $829 depending on the model. It will be available online but must be picked up at stores. Target Corp. began selling the iPad earlier this month. Best Buy Co. has carried the device since it came out in April.
September 8, 2010
YouthBuild Philadelphia Charter School will receive $64,860 from a grant from the Wal-Mart Foundation that will be used to expand a program that helps students become certified nurse's aides. YouthBuild in North Philadelphia enrolls people ages 16 to 24 who have left school. The charter provides classes so participants can earn high school diplomas while obtaining on-the-job training and performing community service. The Philadelphia charter is one of 35 YouthBuild programs nationwide receiving funding from a $2.6 million Wal-Mart Foundation grant.