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India's BJP says will ban foreign supermarkets if elected; fresh blow to global chains

By Nandita Bose MUMBAI (Reuters) - The political party expected to lead India's next government confirmed on Monday it would ban foreign supermarkets from the $500 billion retail sector, a move that would deal a fresh setback to global chains such as Wal-Mart and Carrefour. The Bharatiya Janata Party (BJP), which has in recent years opposed investment by foreign firms into multi-brand retail, made the announcement in its election manifesto, which it unveiled in New Delhi earlier.

Wal-Mart recalling 174,000 baby dolls that can overheat and burn consumers

WASHINGTON - Wal-Mart Stores Inc. is recalling 174,000 dolls because the toy can overheat and potentially burn consumers. The U.S. Consumer Product Safety Commission said Tuesday that the "My Sweet Love / My Sweet Baby Cuddle Care Baby Doll" has a circuit board in its chest that can overheat, causing the surface of the doll to get hot and burn someone. Wal-Mart has received 12 reports of incidents, including two burns or blisters to the thumb. Consumers should stop using the product, remove the batteries and return them to any Wal-Mart store for a refund.

Pricing Game: Wal-Mart's online tool compares rivals' prices, offers shoppers lowest

NEW YORK, N.Y. - The "Every Day Low Price" king is trying to shake up the world of pricing once again. Wal-Mart told The Associated Press that it has rolled out an online tool that compares its prices on 80,000 food and household products — from canned beans to dishwashing soap — with those of its competitors. If a lower price is found elsewhere, the discounter will refund the difference to shoppers in the form a store credit.

Missouri man who said he planned theater shooting gets 15 years

(Reuters) - A Missouri man has been sentenced to 15 years in prison after telling police he was hoarding weapons for a mass shooting at a movie theater or a Wal-Mart store, prosecutors said on Thursday. Blaec Lammers, 21, was convicted in January on charges of first-degree assault and armed criminal action. Even though he did not bring weapons to the theater or store, Missouri law allows for the charges because he was gathering weapons and ammunition.

Wal-Mart kicks off spring with biggest sale ever on outdoor items

NEW YORK, N.Y. - Wal-Mart is hoping the same storms that kept shoppers away in the winter, will bring them into stores in the spring. Starting Friday, Wal-Mart is having a weeklong sale of up to 50 per cent on more than 60 outdoor items, including lawn mowers and bags of mulch. The world's largest retailer said the move, which pits it against home-improvement rivals Home Depot and Lowe's, is aimed at luring shoppers who are looking to restore patios and gardens that were battered by severe winter weather.

Wal-Mart kicks off spring with biggest sale ever on outdoor items

NEW YORK, N.Y. - Wal-Mart Stores Inc. is hoping to shake off the winter sales doldrums with its biggest spring sales push ever. The company is discounting more than 60 outdoor essentials from lawn mowers to mulch by 30 per cent to 50 per cent. The sale starts Friday and will run through March 29. Wal-Mart says the event was planned last summer as executives received forecasts that the winter was going to be especially harsh. But the company made changes since then because the winter was even more severe than expected.

Business Highlights

___ Barra apologizes for deaths tied to recalled cars DETROIT (AP) — The top executive of General Motors apologized for deaths linked to the delayed recall of 1.6 million small cars, saying the company took too long to tell owners to bring the cars in for repairs.

Wal-Mart challenges GameStop as it expands trade-in video game program to physical stores

NEW YORK, N.Y. - Wal-Mart plans to start buying used video games from shoppers at stores in a move that goes after the bread-and-butter business of GameStop. Wal-Mart Stores Inc. plans to expand its current online trade-in program by allowing customers to trade their used video games at 3,100 Wal-Mart stores in exchange for credit toward the purchase of other items.

Wal-Mart entry into used videogames trade threatens GameStop

(Reuters) - Wal-Mart Stores Inc will allow U.S. shoppers to trade in used videogames for anything from groceries to gadgets, a move that could dent the profit of GameStop Corp, the largest dealer of used videogames. GameStop shares fell as much as 6 percent in morning trading, making it one of the top percentage losers on the New York Stock Exchange.

Walmart marks 20th anniversary of arrival in Canadian market in March 1994

MISSISSAUGA, Ont. - When retail giant Walmart burst onto the Canadian marketplace 20 years ago, the company ushered in a shopping revolution that changed what consumers expected from their local stores. Many trends have since come and gone — from big box centres to online shopping alternatives — but the U.S. powerhouse has cultivated a loyalty with consumers that most of its competitors would envy. "They've been successful at getting into the shopping routine of Canadians," said Brynn Winegard, a marketing analyst at Winegard and Company.
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